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Free Post Earnings Research Report: KEMET’s Quarterly Revenues Soared 61.0%; Non-GAAP EPS Rocketed 221.4%

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Stock Monitor: RF Industries Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 14, 2018 / If you want access to our free earnings report on KEMET Corp. (NYSE: KEM), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=KEM. The Company reported its fourth quarter and full fiscal year 2018 operating and financial results on May 17, 2018. The leading global supplier of electronic components outperformed top- and bottom-line expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for RF Industries, Ltd (NASDAQ: RFIL), which also belongs to the Technology sector as the Company KEMET. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=RFIL

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, KEMET most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=KEM

Earnings Highlights and Summary

For the fourth quarter ended March 31, 2018, KEMET’s net sales increased 61.0% to $318.0 million compared to $197.5 million in the quarter ended March 31, 2017. The Company’s revenue numbers surpassed analysts’ estimates of $306.7 million.

For the full fiscal year ended March 31, 2018, KEMET’s net sales were $1.2 billion, up 58.3% compared to $757.8 million in the full fiscal year ended March 31, 2017.

KEMET’s GAAP gross margin improved significantly by 240 basis points (bps) to 27.8% in Q4 FY18 from 25.4% in Q4 FY17. The Company’s non-GAAP gross margin was slightly higher at 28.2%. KEMET’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) were $48.5 million in the reported quarter, reflecting an increase of 78% from $27.2 million in the prior year’s same quarter.

For Q4 FY18, KEMET’s US GAAP net income was $2.4 million, or $0.04 per diluted share, which included an unfavorable purchase accounting adjustment of $6.3 million related to the TOKIN acquisition, compared to a net income of $52.9 million, or $0.93 per diluted share, in Q4 FY17.

KEMET’s non-US GAAP adjusted net income was $26.4 million, or $0.45 per diluted share, in Q4 FY18 compared to $7.8 million, or $0.14 per diluted share, in Q4 FY17. The Company’s earnings numbers were ahead of Wall Street’s estimates of $0.41 per share.

For FY18, KEMET’s US GAAP net income was $254.5 million, or $4.34 per diluted share, compared to $48.0 million, or $0.87 per diluted share, in FY17. The Company’s non-US GAAP adjusted net income was $102.7 million, or $1.75 per diluted share, in FY18 compared to $23.9 million, or $0.43 per diluted share, in FY17.

Cash Matters

As of March 31, 2018, KEMET’s cash balance was $286.8 million compared to $109.8 million as on March 31, 2017. During the reported quarter, the Company paid $4.3 million towards reducing its term loan in accordance with KEMET’s amortization schedule. At the end of Q4 FY18, KEMET’s total debt stood at $324.6 million versus $388.2 million at the end of Q4 FY17.

During Q4 FY18, KEMET generated approximately $120 million of cash from operations versus $71 million in Q4 FY17. The Company’s capital expenditure was $34.1 million during the reported quarter compared to $13.1 million in the prior year’s same quarter.

Outlook

For Q1 2019, KEMET is forecasting to spend in the range of $25 million to $35 million, and capital expenditure, including IT and corporate spending related to the TOKIN acquisition, is estimated to be in the band of $80 million to $100 million for FY19.

Stock Performance Snapshot

June 13, 2018 - At Wednesday’s closing bell, KEMET’s stock was slightly up 0.46%, ending the trading session at $23.88.

Volume traded for the day: 817.00 thousand shares.

Stock performance in the last month – up 16.20%; previous three-month period – up 22.65%; past twelve-month period – up 71.92%; and year-to-date – up 58.57%

After yesterday’s close, KEMET’s market cap was at $1.31 billion.

Price to Earnings (P/E) ratio was at 4.55.

The stock is part of the Technology sector, categorized under the Diversified Electronics industry.

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