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KEMET Corp (KEM.N)

KEM.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kemet announces cost improvement actions
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Kemet Corp :Kemet announces cost improvement actions.Kemet corp - ‍within Tokin legacy group, company will take a reduction in force across various internal operational and overhead functions​.Kemet Corp sees ‍annual savings of approximately $15 million by fiscal year 2021​.Kemet Corp sees ‍annual savings beginning April 1, 2018 of approximately $11 million​.Kemet - ‍Film and Electrolytic business group will take a voluntary reduction in force in its Italian operations.  Full Article

KEMET Corp says ‍within Tokin Legacy Group, co will take a reduction in force across various internal operational and overhead functions​
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - KEMET Corp :KEMET Corp - ‍within Tokin Legacy Group, co will take a reduction in force across various internal operational and overhead functions​.KEMET Corp says ‍will accrue about $5.3 million between current fiscal quarter and June 30, 2018 with savings expected to begin on April 1, 2018 - sec filing​.KEMET Corp - ‍total cost savings for next fiscal year from Tokin Legacy Group reduction​ is expected to be approximately $9.2 million.KEMET Corp - ‍solid capacitors business group to relocate tantalum powder facility equipment from Carson City, Nevada to existing Matamoros, Mexico Plant​.KEMET Corp - ‍film and electrolytic business group will take a voluntary reduction in force in its Italian operations​.KEMET Corp - ‍reduction in Italian operations will accrue about $5.0 million between current fiscal quarter & quarter ending March 31, 2018 based on reduction timing​.  Full Article

Kemet expects Q3 net sales to be within $288 mln-$300 mln range​
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Kemet Corp :Kemet provides FY18 third quarter guidance; comments on recent trading activity.Kemet Corp - ‍for Q3, Kemet expects net sales to be within $288 million to $300 million range​.  Full Article

Kemet Corp reports qtrly GAAP EPS of $0.22 per diluted share‍​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Kemet Corp :Kemet Corp - Qtrly GAAP EPS of $0.22 per diluted share‍​.Kemet Corp - Qtrly non-GAAP adjusted EPS of $0.45 per diluted share ‍​.Kemet Corp - ‍Net sales of $301.5 million for quarter ended Sept. 30, 2017 increased 10.0%, from net sales of $274.0 million for prior quarter ended June 30, 2017​.Q2 earnings per share view $0.45, revenue view $298.5 million -- Thomson Reuters I/B/E/S.  Full Article

Kemet reports preliminary Q2 2018 GAAP earnings per share $0.22
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Kemet Corp :Kemet reports preliminary fiscal 2018 second quarter results.Q2 adjusted non-GAAP earnings per share $0.45.Q2 GAAP earnings per share $0.22.Q2 sales $301.5 million versus I/B/E/S view $298.5 million.Q2 earnings per share view $0.45 -- Thomson Reuters I/B/E/S.  Full Article

Kemet Corporation announces pricing of secondary offering by selling securityholder
Friday, 8 Sep 2017 

Sept 8 (Reuters) - Kemet Corp :Kemet Corporation announces pricing of secondary offering by selling securityholder.Kemet Corp - ‍pricing of previously announced public secondary offering of 8.4 million shares of its common stock​.  Full Article

KEMET Corp Q2 GAAP loss per share $0.11
Tuesday, 1 Nov 2016 

KEMET Corp : KEMET reports preliminary fiscal 2017 second quarter results . Q2 adjusted earnings per share $0.13 . Q2 GAAP loss per share $0.11 . Q2 sales $187.3 million versus I/B/E/S view $188 million .Q2 earnings per share view $0.06 -- Thomson Reuters I/B/E/S.  Full Article

Kemet expects to achieve annual operating cost savings of about $3.5 to $4.0 mln
Tuesday, 11 Oct 2016 

Kemet Corp : Announces additional gross margin improvement action . Says solid capacitors group will modify its vertical integration strategy by relocating its k-salt facility equipment to its existing Matamoros Mexico plant . Says expects to achieve annual operating cost savings of about $3.5 to $4.0 million . Says expects to improve annual working capital by about $8.0 million with improvements beginning in Q4 of fiscal year 2017 . Kemet corp sees non-cash impairment charges of about $2.1 million, cash severance charges of about $0.2 million, and cash charges for equipment relocation costs of about $1.2 million .Kemet corp - will incur charges in fiscal Q2 ending September 30, 2016, except equipment relocation costs that are expected to be incurred in Q3 of fiscal year 2017.  Full Article

Kemet reports preliminary Q1 loss per share $0.26
Thursday, 28 Jul 2016 

Kemet Corp : Kemet reports preliminary fiscal 2017 first quarter results . Qtrly loss per share $0.26 . Q1 adjusted earnings per share $0.06 . Q1 earnings per share view $0.05 -- Thomson Reuters I/B/E/S .Q1 sales $184.9 million versus I/B/E/S view $183.1 million.  Full Article

BRIEF-KEMET Receives Defense Logistics Agency Approval For MIL-PRF-32535 "M" And "T" Levels

* KEMET RECEIVES DEFENSE LOGISTICS AGENCY APPROVAL FOR MIL-PRF-32535 “M” AND “T” LEVELS Source text for Eikon: Further company coverage: