KEMET Corporation (NYSE:KEM) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition
On January31, 2019, KEMET Corporation (the “Company”) issued a News Release announcing preliminary consolidated results for the third fiscal quarter ended December31, 2018.
A copy of this News Release is furnished as Exhibit99.1 to this Form8-K.
Item 2.02 Regulation FD Disclosure
On January31, 2019, the Company will host a conference call to discuss financial results for its third fiscal quarter ended December31, 2018. The slide package prepared for use by executive management for this presentation is attached hereto as Exhibit99.2. All of the information in the presentation is presented as of January31, 2019, and the Company does not assume any obligation to update such information in the future.
The information included in this Form8-K, as well as Exhibits 99.1 and 99.2, shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
Item 2.02 Financial Statements and Exhibits
(a) Not Applicable
(b) Not Applicable
(c) Not Applicable
(d) Exhibits
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ExhibitNo. |
DescriptionofExhibit |
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News Release, dated January 31, 2019 issued by the Company. |
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Slide Package prepared for use in connection with the Company’s third fiscal quarter conference call to be held on January 31, 2019. |
KEMET CORP Exhibit
EX-99.1 2 fy2019_q3xex991xearningsre.htm EXHIBIT 99.1 Exhibit News ReleaseExhibit 99.1FOR IMMEDIATE RELEASE Contact:Gregory C. ThompsonRichard Vatinelle Executive Vice President andVice President and Chief Financial OfficerTreasurer GregThompson@KEMET.comInvestorRelations@KEMET.com 954-595-5081954-766-2819 KEMET REPORTS PRELIMINARY FISCAL 2019 THIRD QUARTER RESULTS•Net sales of $350.2 million up 14.2% versus prior year third fiscal quarter•GAAP Diluted EPS up more than 100% versus prior year third fiscal quarter•GAAP EPS of $0.69 per diluted share and Non-GAAP Adjusted EPS of $1.07 per diluted share•GAAP Gross margin of 35.3% up 520 basis points versus prior year third quarter Fort Lauderdale,…
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About KEMET Corporation (NYSE:KEM)
KEMET Corporation (KEMET) is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors. The Film and Electrolytic Business Group produces film, paper and wet aluminum electrolytic capacitors. It also designs and produces EMI Filters. The Company’s product offerings include surface mount, which are attached directly to the circuit board; leaded capacitors, which are attached to the circuit board using lead wires, and chassis-mount and other pin-through-hole board-mount capacitors, which utilize attachment methods, such as screw terminal and snap-in. The Company sells its products to a range of original equipment manufacturers (OEMs) and electronics manufacturing services (EMS) providers.