Edition:
United States

KEMET Corp (KEM)

KEM on New York Consolidated

19.97USD
19 Jan 2018
Change (% chg)

$1.69 (+9.25%)
Prev Close
$18.28
Open
$18.53
Day's High
$20.11
Day's Low
$18.53
Volume
4,241,604
Avg. Vol
2,353,032
52-wk High
$27.35
52-wk Low
$6.64

Latest Key Developments (Source: Significant Developments)

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

Kemet reports preliminary Q2 2018 GAAP earnings per share $0.22
Thursday, 2 Nov 2017 08:00am EDT 

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 CORP SAYS SECONDARY OFFERING OF 8.4 MLN SHARES OF COMMON STOCK​
Wednesday, 6 Sep 2017 04:58pm EDT 

Sept 6 (Reuters) - Kemet Corp ::KEMET CORPORATION ANNOUNCES SECONDARY OFFERING BY SELLING SECURITYHOLDER.KEMET CORP - ‍ANNOUNCED A PUBLIC SECONDARY OFFERING OF 8.4 MILLION SHARES OF ITS COMMON STOCK​.  Full Article

Kemet reports Q1 preliminary non-gaap earnings per share $0.33
Wednesday, 2 Aug 2017 08:00am EDT 

Aug 2 (Reuters) - Kemet Corp :Sees q2 2018 sales $295 million to $305 million.Kemet reports preliminary fiscal 2018 first quarter results.Q1 preliminary non-gaap earnings per share $0.33.Q1 preliminary gaap earnings per share $3.84.Q1 earnings per share view $0.20 -- Thomson Reuters I/B/E/S.Qtrly preliminary net sales $274.0 million versus $184.9 million.  Full Article

Kemet files for stock shelf of up to 8.42 mln common shares
Thursday, 20 Jul 2017 05:00pm EDT 

July 20 (Reuters) - Kemet Corp :Files for stock shelf of up to 8.42 million common shares - SEC filing.Kemet Corp says in stock shelf, all the shares offered by selling shareholders and co will not receive any proceeds from the offering.  Full Article

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

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: