KEME KEMET Corp. featured news, full reports, and detailed charts
KEMET Corp. (KEME/KEME.OB) Wrap Up:
KEMET Corporation, together with its subsidiaries, manufactures tantalum, multilayer ceramic, film, electrolytic, paper, and solid aluminum capacitors. It supplies its products to electronics original equipment manufacturers, electronics manufacturing services providers, and electronics distributors. The company?s products are used in audio systems, tire pressure monitoring systems, power train electronics, instrumentation, airbag systems, anti-lock braking systems, electronic engine controls, air conditioning controls, and security systems in automotive industry; and copiers, point-of-sale terminals, and fax machines in business equipment industry. Its products are also used in cellular phones, telephones, switching equipment, relays, base stations, and wireless infrastructure in communications industry; and personal computers, workstations, mainframes, computer peripheral equipment, power supplies, disk drives, printers, and local area networks in computer-related industry. In addition, the company offers its products for use in electronic controls, measurement equipment, instrumentation, solar and wind energy generation, and medical electronics to industrial market; DVD players, MP3 players, game consoles, LCD televisions, global positioning systems, and digital still cameras to consumer industry; avionics, radar, guidance systems, and satellite communications to military/aerospace industry; and wind generation systems, solar generation systems, geothermal generation systems, tidal generation systems, and electric drive vehicles to alternative energy industry. KEMET Corporation was founded in 1919 and is headquartered in Simpsonville, South Carolina.www.kemet.com
9,100 Employees
Founded in 1919
KEMET Corp. (KEME:OTC Bulletin Board Market)
LAST $1.25 USD
CHANGE TODAY +0.02 1.63%
VOLUME 107.6K
As of 2:59 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of KEMET Corp. (KEME)
|
OPEN
$1.22
|
PREVIOUS CLOSE
$1.23
|
|
|
DAY HIGH
$1.25
|
DAY LOW
$1.22
|
|
|
52 WEEK HIGH
09/22/09 - $1.63
|
52 WEEK LOW
03/11/09 - $0.08
|
|
|
MARKET CAP
101.1M
|
AVERAGE VOLUME 3 mo
213.3K
|
|
|
DILUTED EPS TTM
$-0.92
|
SHARES OUTSTANDING
80.9M
|
|
|
KEME Does Not Pay Dividends
|
P/E TTM
NM
|
|
| K = Thousands M = Millions B = Billions | ||
KEME Top Compensated Officers
Hon. Per-Olof Loof
Chief Executive Officer and Director
Age: 58
Total Annual Compensation: $570.4K
Mr. William M. Lowe Jr.
Chief Financial Officer, Principal Accounting...
Age: 55
Total Annual Compensation: $277.0K
Mr. Daniel E. Lamorte
Chief Information Officer and Vice President
Age: 63
Total Annual Compensation: $216.5K
Mr. Marc Kotelon
Senior Vice President of Global Sales
Age: 45
Total Annual Compensation: $299.9K
Mr. Larry C. McAdams
Vice President of Human Resources
Age: 57
Total Annual Compensation: $240.8K
Executives, Board Directors
Compensation as of Fiscal Year 2009.
Key developments for KEMET Corp. (KEME)
KEMET Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2009
10/28/2009
KEMET Corp. reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2009. For the quarter, the company reported net sales of $173.265 million, operating loss of $2.887 million, loss before income taxes of $91.363 million, net loss of $93.075 million or $1.15 per basic and diluted share against net sales of $234.819 million, operating loss of $79.478 million, loss before income taxes of $83.863 million, net loss of $85.068 million or $1.06 per basic and diluted share for the same period last year. The Non-GAAP adjusted net loss, excluding special charges, was $5.7 million or $(0.07) per share for the current fiscal quarter compared to an adjusted net loss of $3.1 million, or $(0.04) per share for the same quarter last year. For the six months, the company reported net sales of $323.432 million, operating loss of $5.388 million, loss before income taxes of $65.243 million, net loss of $67.985 million or $0.84 per basic and diluted share against net sales of $477.663 million, operating loss of $260.109 million, loss before income taxes of $273.318 million, net loss of $274.443 million or $3.41 per basic and diluted share for the same period last year. Net cash provided by operating activities was $20.756 million against Net cash used in operating activities of $10.873 million last year. Capital expenditures were $3.730 million against $22.977 million last year.
Kemet Corp. to Expand Greenville County Operations
10/26/2009
KEMET Corp. will expand its facility in Greenville County to support manufacturing of capacitors for electric drive vehicles and alternative energy markets. The investment is expected to generate 113 new jobs within the next three years. KEMET will expand its facility in Simpsonville to manufacture a new line of capacitors, which are an important component in electric drive vehicles and will be marketed to the alternative energy industry. KEMET recently received a grant from the U.S. Department of Energy to add additional capacitor lines to its South Carolina plant in order to produce enough capacitors to make 100,000 electric drive vehicles. The company anticipates that the expansion will be completed and the new production capacity online within nine months.
KEMET Corp. to Expand Production Capacity in United States
10/14/2009
KEMET Corp. has been awarded a $15.1 million Department of Energy (DOE) grant to support the development of electric-drive vehicles in the United States. Increased production capacity in the United States will significantly reduce the supply-chain risks faced by hybrid-vehicle developers. The DOE's award will help the company expand its manufacturing facilities in Simpsonville, S.C., to support these projects and create more than 110 new jobs. The DOE grant will enable the company to annually produce capacitors for up to 100,000 electric-drive vehicles at its Simpsonville facility. KEMET will be able to supply similar components for wind, tidal, geothermal and solar energy generation markets from the South Carolina facility as well.
KEME Competitors
| Company | Last | Change |
| CTS Corp | $9.66 USD | +0.04 |
| La Barge Inc | $11.40 USD | -0.03 |
| Sparton Corp | $4.59 USD | -0.01 |
| Stoneridge Inc | $6.82 USD | -0.35 |
| Sypris Solutions Inc | $3.02 USD | -0.18 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | KEME | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.2x |
|
| Price/Book | 0.3x |
|
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
|
KEME |
||
|
KEME transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About KEMET Corp.
More news for KEME
KEMET CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Show all filings for KEMET CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for KEMET CORP 17-Nov-2009Other Events, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not ...Click here to read the whole Article (external link)
KEMET CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Show all filings for KEMET CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for KEMET CORP 12-Nov-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purpos...Click here to read the whole Article (external link)
KEMET to Manufacture Standard DC Film Capacitors at Its Monterrey, Mexico Guadalupe Campus
GREENVILLE, S.C., Nov. 11 /PRNewswire-FirstCall/ -- KEMET Corporation (OTC Bulletin Board: KEME - News), a leading manufacturer of tantalum, multilayer ceramic, solid aluminum, plastic film, paper and electrolytic capacitors, today announced that the Company is preparing its Monterrey, Mexico Guadalupe Campus to manufacture standard DC Film capacitors. "This is the first of many steps that we will be taking to restructure this Business Group to lower our manufacturing cost through moving production to lower cost centers and leaning out any waste within production," stated Per Loof, KEMET's Chief Executive Officer. "There are great opportunities for our Film and Electrolytic Business Group in the Americas. We are seeing real growth in many of the markets for which these products are used, such as Alternative Energy. Additionally, this move positions us closer to the growing Americas customer markets allowing us to work in partnership on the design-in phase of projects which is so important with these technologies," continued Loof.This new manufacturing capability in North America is in addition to the Department of Energy grant the Company has previously announced receiving to support new Power Film and Electrolytic manufacturing capabilities at its Simpsonville, South Carolina campus. It is expected that equipment will be transferred to Monterrey over the December holiday period with production beginning 90-120 days later."As a result of the utilization of LEAN manufacturing techniques, the Ceramic Business ...Click here to read the whole Article (external link)
KEMET CORP Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue173,265 150,167 136,043 190,679 Cost of Revenue148,191 129,806 137,368 166,507 Gross Profit25,074 20,361 (1,325)24,172 Operating ExpensesResearch Development5,569 4,779 5,644 6,168 Selling General and Administrative20,867 18,083 21,183 20,569 Non Recurring1,267 - (25,340)5,989 Others - - - - Total Operating Expenses - - - - Operating Income or Loss(2,887)(2,501)(2,812)(8,554)Income from Continuing OperationsTotal Other Income/Expenses Net(82,243)34,440 7,851 2,899 Earnings Before Interest And Taxes(84,872)31,939 5,039 (5,655)Interest Expense6,491 5,819 5,695 4,617 Income Before Tax(91,363)26,120 (656)(10,272)Income Tax Expense1,712 1,030 (5,120)793 Minority Interest - - - - Net Income From Continuing Ops(54,154)25,090 4,464 (11,065)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - - Other Items ...Click here to read the whole Article (external link)
KEMET Confirms Date for Investor and Analyst Presentation
GREENVILLE, S.C., Nov. 10 /PRNewswire-FirstCall/ -- KEMET Corporation (OTC Bulletin Board: KEME - News), a leading manufacturer of tantalum, multilayer ceramic, solid aluminum, plastic film, paper and electrolytic capacitors, previously announced that it will hold a conference for investors and analysts on Wednesday, November 11, 2009 at 9:00 a.m. (EST). The meeting will be held in the East Suite, 4th floor, at the Hilton New York, 1335 Avenue of the Americas, New York, NY. Investors not in attendance at the meeting in the United States may dial 1-800-416-8033, and participants outside the United States should dial 1-706-643-0979 to listen to the presentation in a "Listen Only" mode. Participants should reference "KEMET Corporation" and Conference ID # 40796003. Questions will be taken only from those in attendance at the meeting. A copy of the presentation will be posted on the company's website prior to the beginning of the meeting. A replay of the call will be available until midnight, November 25, 2009. Those wishing to attend the meeting were requested to contact KEMET by November 5, 2009, through Cheryl Reynolds at 864-967-6892 to confirm their reservation.Per Loof, KEMET's Chief Executive Officer, and William Lowe, KEMET's EVP and Chief Financial Officer, will both be making presentations.About KEMETKEMET Corporation (KEME.OB) applies world-class service and quality to deliver industry-leading, high-performance capacitance solutions to its customers around the world. KEMET offers the wo...Click here to read the whole Article (external link)
KEMET Wins 2009 InnoVision Award for Technology Development
GREENVILLE, S.C., Nov. 9 /PRNewswire-FirstCall/ -- KEMET Corporation (OTC Bulletin Board: KEME - News), a leading manufacturer of tantalum, multilayer ceramic, solid aluminum, plastic film, paper and electrolytic capacitors, was honored on November 4, during an awards dinner ceremony at the Carolina First Center in Greenville, South Carolina, with the 2009 InnoVision Technology Award in the Technology Development category. The award was accepted on behalf of KEMET by Randy Hahn, Senior Director, Valve-Metal Technologies. The winning project from the KEMET Tantalum Business Group was for its first-to-market 35 V Tantalum-polymer capacitor (T521 series). This product was launched earlier this year after several years of development and uses a new intrinsically conducting polymer system as the cathode. This new system allows the capacitor to operate at higher voltage than current Tantalum-polymer capacitors and has much lower equivalent series resistance (ESR) than traditional tantalum-manganese dioxide solid tantalum capacitors. This product is intended to be used in high power circuits up to 28 V wherever high power conversion efficiency is required. It has already been designed into applications in medical, telecommunications, consumer, and computer applications. One United States patent has been issued to KEMET for this technology and several other United States and foreign patent applications are in process."KEMET is honored to receive this prestigious award, and it is extremely gratifying for the Company. Over the la...Click here to read the whole Article (external link)
KEMET CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Item 8.01. Other Events. This Current Report on Form 8-K is being filed by KEMET Corporation ("KEMET" and the "Company") to retrospectively adjust portions of the Company's Annual Report on Form 10-K for the year ended March 31, 2009 (the 2009 Form 10-K) reflecting changes to the Company's accounting for convertible debt as described below. On May 9, 2008, the Financial Accounting Standards Board ("FASB") issued FASB Staff Position APB 14-1, "Accounting for Convertible Debt Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash Settlement)" ("FSP No. APB 14-1"). FSP No. APB 14-1 requires issuers of convertible debt that may be settled wholly or partly in cash when converted to account for the debt and equity components separately in a manner that reflects the issuer's nonconvertible debt borrowing rate. FSP No. APB 14-1 is effective for fiscal years beginning after December 15, 2008. Early adoption was not permitted and retrospective application to all periods presented was required. The Company adopted FSP No. APB 14-1 as of April 1, 2009. In November 2006, the Company issued $175 million aggregate principal amount of 2.25% Convertible Senior Notes (the "Notes"). Under FSP APB 14-1, the Company separated the Notes into a liability component and an equity component. The carrying amount of the liability component was calculated by measuring the fair value of a similar liability (including any embedded features other than the conversion option) that does not have an associated equity component. The carrying amount of the equity component representing the embedded conversion option was determined by deducting the fair value of the liability component from the initial proceeds ascribed to the Notes as a whole. The excess of the principal amount of the liability component over its carrying amount is amortized to the line item "Interest and amortization of debt discount and expense" over the ex...Click here to read the whole Article (external link)
KEMET CORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations This report contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from those expressed in, or implied by, the Company's forward-looking statements. Words such as "expects," "anticipates," "believes," "estimates" and other similar expressions or future or conditional verbs such as "will," "should," "would" and "could" are intended to identify such forward-looking statements. Readers of this report should not rely solely on the forward-looking statements and should consider all uncertainties and risks throughout this report as well as those discussed under Part I, Item 1A of the Company's 2009 Annual Report. The statements are representative only as of the date they are made, and the Company undertakes no obligation to update any forward-looking statement. All forward-looking statements, by their nature, are subject to risks and uncertainties. The Company's actual future results may differ materially from those set forth in the Company's forward-looking statements. The Company faces risks that are inherent in the businesses and the market places in which the Company operates. While management believes these forward-looking statements are accurate and reasonable, uncertainties, risks and factors, including those described below, could cause actual results to differ materially from those reflected in the forward-looking statements. Factors that could cause the Company's actual results to differ materially from those anticipated in the forward-looking statements in this report include the following: (i) generally adverse economic and industry ...Click here to read the whole Article (external link)
Factory orders rise 0.9 percent in September
WASHINGTON (AP) -- Orders to U.S. factories rebounded in September, helped by strength in autos, heavy machinery and military aircraft. The fifth increase in six months bolstered hopes that a revival in manufacturing will help support an overall economic recovery. The worry is that if consumer spending falters in coming months, orders will slump again.The Commerce Department said Tuesday that orders rose 0.9 percent in September, slightly better than the 0.8 percent gain economists had expected. Demand increased for both durable goods, and nondurable goods such as chemicals and energy products.New orders for durable goods, items expected to last at least three years, advanced 1.4 percent, better than the 1 percent estimate the government made last week.Demand for heavy machinery jumped 7.9 percent, the biggest gain in 18 months. There also was strong demand for military aircraft, which helped offset a second straight drop in orders for commercial airplanes.Orders for nondurable goods rose 0.6 percent following a 0.9 percent increase in August, led by petroleum, chemicals and food products.Joshua Shapiro, chief U.S. economist at MFR Inc. in New York, noted that orders for non-defense capital goods excluding aircraft -- a good proxy for business investment plans -- posted a solid 1.8 percent rise in September after two straight declines."Much of this is related to a need to stabilize inventories after savage liquidation in the first half of the year," Shapiro wrote in a note to clients. "Today's reported gain for September puts things back on track after the disappointing results recorded in the preceding two months."The better-than-expected reading for factory orders followed a report Monday from the Institute for Supply Management that its gauge of manufacturing activity grew in October at the fastest pa...Click here to read the whole Article (external link)
Ahead of the Bell: Factory orders
WASHINGTON (AP) -- Factory orders are expected to show a gain in September in a further sign of a revival in manufacturing that should help support the overall economy. Economists surveyed by Thomson Reuters expect orders to U.S. factories grew 0.8 percent in September, reversing a decline of that amount in August. The Commerce Department is scheduled to release the report at 10 a.m. EST Tuesday.The report will cover orders for durable goods, big-ticket items expected to last at least three years, and nondurable products such as chemicals, paper and energy products. The government last week issued an advance look at durable goods orders which showed they increased 1 percent in September, the second advance in three months.The Institute for Supply Management on Monday said its gauge of manufacturing activity grew in October at the fastest pace in more than three years. It was driven by businesses' replenishing of stockpiles, higher demand for American exports and support from the government's $787 billion stimulus program.The ISM index rose to 55.7 in October, the third straight reading above 50, which signals growth in the sector. But with jobs scarce, lending tight and consumers wary of spending, it's unclear whether the gains can be sustained as government stimulus programs wind down.The ISM, a trade group of purchasing executives, also said its index showed manufacturing employment grew for the first time in 15 months, rising to 53.1 last month from 46.2. But the measure tracking new orders, a signal of future production, slipped in September.Farm and construction equipment makers Deere & Co. and Caterpillar Inc. said last week they each were adding back a few hundred jobs, and Kemet Corp., which makes parts for electric drive vehicles and alternative energy markets, is adding 113 jobs in South Carolina because...Click here to read the whole Article (external link)
Would you like to leave a comment about KEMET Corp. KEME/KEME.OB
Find out what social network information about KEMET Corp. are available on RealpenniesWorst 5 - Click here to find out what stocks have been voted down by our visitors and users
Besides KEMET Corp. there is more great information available at Realpennies.com