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KEMET Corp (KEM.N)

KEM.N on New York Stock Exchange

19.33USD
22 Feb 2019
Change (% chg)

$0.45 (+2.38%)
Prev Close
$18.88
Open
$18.95
Day's High
$19.41
Day's Low
$18.83
Volume
215,092
Avg. Vol
340,832
52-wk High
$29.83
52-wk Low
$15.57

Latest Key Developments (Source: Significant Developments)

Kemet Sets Quarterly Dividend Of $0.05 Per Share
Thursday, 31 Jan 2019 08:00am EST 

Jan 31 (Reuters) - KEMET Corp ::SETS QUARTERLY DIVIDEND OF $0.05PER SHARE.  Full Article

Kemet Says Gregory Thompson Appointed CFO
Thursday, 20 Dec 2018 07:30am EST 

KEMET Corp ::KEMET ANNOUNCES LEADERSHIP TRANSITION.KEMET ANNOUNCES LEADERSHIP TRANSITION.SAYS GREGORY THOMPSON APPOINTED CFO.PER-OLOF LOOF RESIGNS AS CEO AND MEMBER OF BOARD.WILLIAM M. LOWE APPOINTED CEO AND MEMBER OF BOARD.PER-OLOF LOOF RESIGNS AS CEO AND MEMBER OF BOARD.GREGORY THOMPSON APPOINTED CFO.REAFFIRMED ITS FINANCIAL FORECAST FOR QUARTER ENDING DECEMBER 31, 2018.LOWE SUCCEEDS PER-OLOF LOOF, WHO, IN AGREEMENT WITH BOARD, HAS RESIGNED AS CHIEF EXECUTIVE OFFICER.LOOF'S DEPARTURE FOLLOWS AN INVESTIGATION OVERSEEN BY CERTAIN INDEPENDENT MEMBERS OF KEMET BOARD.LOOF WILL NOT RECEIVE ANY SEVERANCE BENEFITS.LOOF AND AN EMPLOYEE OF COMPANY AND RELATED ACTIONS WHICH WERE INCONSISTENT WITH COMPANY'S POLICIES.KEMET - "ALLEGED CONDUCT DID NOT RELATE TO QUESTIONS REGARDING THE COMPANY'S OPERATIONS OR THE INTEGRITY OF THE COMPANY'S FINANCIAL STATEMENTS".KEMET REAFFIRMED ITS FINANCIAL FORECAST FOR QUARTER ENDING DECEMBER 31, 2018.KEMET - INVESTIGATION OF FACTS & CIRCUMSTANCES SURROUNDING "CONSENSUAL PERSONAL RELATIONSHIP" BETWEEN LOOF AND AN EMPLOYEE OF CO.Q3 REVENUE VIEW $354.3 MILLION -- REFINITIV IBES DATA.  Full Article

Kemet Q2 Adjusted Earnings Per Share $0.87
Tuesday, 30 Oct 2018 07:45am EDT 

Oct 30 (Reuters) - KEMET Corp ::KEMET REPORTS PRELIMINARY FISCAL 2019 SECOND QUARTER RESULTS.Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.87.Q2 GAAP EARNINGS PER SHARE $0.63.Q2 SALES $349.2 MILLION VERSUS I/B/E/S VIEW $335.6 MILLION.Q2 EARNINGS PER SHARE VIEW $0.60 -- THOMSON REUTERS I/B/E/S.BOARD APPROVES INSTITUTING A QUARTERLY DIVIDEND TO SHAREHOLDERS OF RECORD AS OF NOVEMBER 16, 2018.  Full Article

Kemet announces refinancing with Sumitomo Mitsui Trust Bank
Monday, 29 Oct 2018 08:00am EDT 

Oct 29 (Reuters) - KEMET Corp ::KEMET ANNOUNCES REFINANCING WITH SUMITOMO MITSUI TRUST BANK.KEMET ANNOUNCES REFINANCING WITH SUMITOMO MITSUI TRUST BANK.KEMET CORP - DEBT BALANCE REDUCED TO APPROXIMATELY $296 MILLION.KEMET CORP - INCREASES ANNUAL DILUTED EPS APPROXIMATELY $0.35 VERSUS CURRENT RATE.KEMET CORP - EXPECTED ANNUAL INTEREST SAVINGS OF APPROXIMATELY $21 MILLION.KEMET - TOKIN ENTERED NEW 33 BILLION JAPANESE YEN TERM LOAN FACILITY TO BE FUNDED BY SYNDICATED BANK GROUP IN JAPAN LEAD BY SUMITOMO MITSUI TRUST BANK.KEMET - PROCEEDS FROM NEW FACILITY BEING USED WITH CASH TO PREPAY ALL OUTSTANDING AMOUNTS UNDER EXISTING TERM LOAN CREDIT AGREEMENT DATED APRIL 28, 2017.  Full Article

Kemet Announces Chinese Manufacturing Joint Venture
Thursday, 1 Feb 2018 07:55am EST 

Feb 1 (Reuters) - Kemet Corp ::KEMET ANNOUNCES CHINESE MANUFACTURING JOINT VENTURE.KEMET CORP - KEC AND JIANGHAI FILM WILL EACH PROVIDE INITIAL CAPITAL CONTRIBUTIONS OF $5 MILLION THROUGH A COMBINATION OF CASH AND MANUFACTURING EQUIPMENT.  Full Article

Kemet Announces Investment In Novasentis
Thursday, 1 Feb 2018 07:50am EST 

Feb 1 (Reuters) - Kemet Corp ::KEMET ANNOUNCES INVESTMENT IN NOVASENTIS.KEMET CORP - KEMET ELECTRONICS CORPORATION HAS INVESTED IN NOVASENTIS'S SERIES-D ROUND OF FUNDING.  Full Article

Kemet announces cost improvement actions
Thursday, 16 Nov 2017 08:00am EST 

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 06:46am EST 

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 04:05pm EST 

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 08:11am EDT 

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