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KEMET Corp (KEM)

KEM on New York Consolidated

13.13USD
28 Jun 2017
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Latest Key Developments (Source: Significant Developments)

Kemet Corp sees 2018, 2019 and 2020 capex $44 mln each
Thursday, 25 May 2017 08:56am EDT 

May 25 (Reuters) - Kemet Corp :Kemet Corp sees FY 2018, FY 2019 and FY 2020 capital expenditure of $44 million each - SEC filing.Total adjusted EBITDA (excluding unrealized synergies) projected to grow at a 7.8 percent CAGR from FY 2017 to FY 2022.Total net sales projected to grow at a 2.2 percent CAGR from FY 2017 to FY 2022.  Full Article

Kemet Q4 adjusted earnings per share $0.14
Wednesday, 10 May 2017 08:00am EDT 

May 10 (Reuters) - Kemet Corp :Kemet reports preliminary fourth quarter and fiscal year 2017 results.Q4 adjusted earnings per share $0.14.Q4 sales $197.5 million versus I/B/E/S view $191.7 million.Q4 earnings per share view $0.10 -- Thomson Reuters I/B/E/S.  Full Article

Kemet announces completion of refinancing
Monday, 1 May 2017 08:30am EDT 

May 1 (Reuters) - Kemet Corp :Kemet announces completion of refinancing; significant lowering of annual interest expense; added operational flexibility.Kemet Corp - entered into a new $345 million term loan credit facility..Kemet Corp - proceeds are being used, together with cash on hand, to fund redemption of all of Kemet's outstanding 10½ pct senior notes due 2018.Kemet Corp - in connection with closing of new term loan credit facility, kemet also entered into a new amendment to its revolving credit facility.Kemet Corp - new amendment to revolving credit facility provides Kemet with lower pricing and ability to complete refinancing.Kemet Corp - as part of overall refinancing, Kemet also repaid all amounts outstanding under revolving credit facility.Kemet - New term loan credit facility provides co with lower annual cash interest expenses, resulting in interest expense savings of about $13 million annually.  Full Article

Kemet expects to achieve annual operating cost savings of about $3.5 to $4.0 mln
Tuesday, 11 Oct 2016 04:30pm EDT 

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 08:00am EDT 

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

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BRIEF-Kemet announces election of Yasuko Matsumoto to board

* Kemet announces election of Yasuko Matsumoto to Kemet board of directors