Shares of Kemet (NYSE:KEM) remained unaffected at $27.03 after the company reported Q4 results.Quarterly Results Earnings per share decreased 64.76% over the past year to $0.37, which beat the estimate of $0.17.Revenue of $293,174,000 decreased by 17.60% from the same period last year, which beat the estimate of $264,250,000.Outlook Kemet hasn't issued any earnings guidance for the time being.Kemet hasn't issued any revenue guidance for the time being.Details Of The Call Date: May 14, 2020View more earnings on KEMTime: 09:48 PM ETWebcast URL: https://edge.media-server.com/mmc/p/c9ydba7ePrice Action 52-week high: $27.6152-week low: $15.87Price action over last quarter: Up 2.74%Company Profile Kemet Corp together with its subsidiaries, manufactures and sells passive electronic components under the KEMET brand worldwide and the TOKIN brand in Japan and Korea. Company also operates in Solid (Tantalum and Ceramic) Capacitors, Film and Electrolytic Capacitors, and Magnetics, Sensors & Actuators. Company ships approximately 50 billion components annually to 138 countries for use in the automotive, communications, computer-related, industrial, consumer, military/aerospace/marine, and alternative energy industries. Company sells its products to original equipment manufacturers, electronics manufacturing services providers, and electronics distributors. Company's philosophy incorporates key environmental, social and governance principles into its decision making.See more from Benzinga * Recap: Sapiens Intl Q1 Earnings * Recap: Nova Measuring Q1 Earnings * Stratasys: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Kemet (KEM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ladies and gentlemen, thank you for standing by, and welcome to the KEMET's Fourth Quarter Fiscal Year 2020 Earnings Conference Call. This is Greg Thompson, Executive Vice President and Chief Financial Officer. Welcome to KEMET's conference call to discuss the financial results for the fourth quarter and year end of fiscal year 2020, which concluded on March 31, 2020.
KEMET Corporation (“KEMET”) (KEM) today announced that, in connection with the pending acquisition of KEMET by Yageo Corporation (“Yageo”) (TAIEX:2327), on April 23, 2020, the Committee on Foreign Investment in the United States (CFIUS) notified the parties that it completed review of the pending acquisition of KEMET by Yageo and determined that there are no unresolved national security concerns with respect to the transaction. KEMET today also announced that, on April 15, 2020, the Taiwan Fair Trade Commission (TFTC) announced its approval of the acquisition of KEMET by Yageo.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
KEMET Corporation (“KEMET” or the “Company”) (KEM) a leading global supplier of electronic components and one of the world’s largest user of element 73, tantalum, has joined the Organization for Economic Co-operation and Development (OECD) Multi-Stakeholder Steering Group “Call to Action for Responsible Mineral Supply Chains.” The COVID-19 pandemic has severely disrupted supply chains of mineral resources, depressed international prices and forced mining sites and processing facilities to close or suspend operations.
KEMET Corporation (“KEMET”) (KEM) today announced that its stockholders have voted to approve the proposed acquisition by Yageo Corporation (“Yageo”) (TAIEX:2327). Approximately 96% of the votes cast, and 68% of the shares outstanding and entitled to vote, voted in favor of the transaction at the special meeting of KEMET stockholders (the “Special Meeting”).
Kemet (KEM) delivered earnings and revenue surprises of 27.78% and 0.79%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Bio-Rad Labs tops the list Continue reading...
KEMET Corporation (“KEMET”) (KEM) today announced that, in connection with the pending acquisition of KEMET by Yageo Corporation (“Yageo”) (TAIEX:2327), the parties received a notice from the Anti-Monopoly Bureau of the State Administration for Market Regulation in China (SAMR) of its unconditional approval of the pending acquisition of KEMET by Yageo under the Anti-Monopoly Law of China. KEMET’s common stock is listed on the NYSE under the ticker symbol “KEM” (KEM).
FORT LAUDERDALE, Fla., May 14, 2020 -- KEMET Corporation (the “Company”) (NYSE: KEM), a leading global supplier of electronic components, today reported preliminary results for.
Q3 2020 KEMET Corp Earnings Call
KEMET Corporation (“KEMET”) (KEM) today announced that leading proxy advisory firm Institutional Shareholder Services (“ISS”) recommends that stockholders vote “FOR” the proposed all-cash acquisition of KEMET by Yageo Corporation (“Yageo”) (TAIEX:2327).
KEMET Corporation (KEM) announced today that on Thursday, May 14, 2020, the Company will release its financial results for the fourth quarter and fiscal year ended March 31, 2020 and will hold a conference call to discuss the earnings release at 9:00 AM (EDT) on that date. Participants should reference "KEMET Corporation" and Conference ID #7177537. Participants can view a corresponding presentation from the KEMET website at www.kemet.com by clicking on the conference call link in the Investor Relations section of the website.
KEMET Corporation (“KEMET” or the “Company”) (KEM) a leading global supplier of electronic components, has launched a new family of metal composite power inductors to address the stringent demands of the automotive market. The MPXV product offering enhances the company’s METCOM range and is AEC-Q200 qualified for use in the automotive sector. The new power inductors provide efficient power conversion while minimizing Electromagnetic Interference (EMI) and are ideal for use in DC to DC switching power supplies for the growing number of Electronic Control Units (ECUs) found in automotive systems.
Kemet (KEM) delivered earnings and revenue surprises of 105.56% and 15.83%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
2 key valuation ratios suggest potential bargains Continue reading...
KEMET Corporation (“KEMET”) (KEM) today announced the expiration of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) in connection with the previously announced acquisition of KEMET by Yageo Corporation (TAIEX:2327) (“Yageo”). KEMET also announced the expiration of the review period under the Austrian Cartel Act and the approval of the transaction by the German Federal Cartel Office. Under the terms of the merger agreement announced on November 11, 2019, Yageo will acquire all of the outstanding shares of KEMET’s common stock for US $27.20 per share in an all-cash transaction valued at approximately US $1.8 billion, including the assumption of net debt.
KEMET Corporation (“KEMET”) (KEM) today announced that the Committee on Foreign Investment in the United States (CFIUS) has notified the Company by letter dated March 9, 2020, that it will continue its evaluation of the previously announced acquisition of KEMET by Yageo Corporation (“Yageo”) (TAIEX:2327) with a 45-day investigation period. This investigation period, which KEMET and Yageo expected, will be completed no later than April 23, 2020. KEMET and Yageo continue to work cooperatively with CFIUS throughout the process.
Third Quarter Highlights Net sales of $294.7 million within the upper range of Management's guidanceGAAP Gross margin of 31.6%GAAP EPS of $0.28 per diluted shareNon-GAAP.