KEMET reports preliminary fourth quarter and fiscal year 2017 results
May 10, 2017
KEMET Corporation, a leading global supplier of electronic components, reported preliminary results for the fourth quarter and fiscal year ended March 31, 2017.
Net sales of $197.5 million for the quarter ended March 31, 2017 increased 5.0% from net sales of $188.0 million for the prior quarter ended December 31, 2016, and increased 7.4% compared to net sales of $183.9 million for the quarter ended March 31, 2016. For the fiscal year ended March 31, 2017 net sales were $757.8 million, up 3.1% compared to $734.8 million for the fiscal year ended March 31, 2016.
Highlights
- Net sales for the quarter up 5.0% to $197.5 million compared to the prior quarter ended December 31, 2016
- Gross margin for fiscal year 2017 of 24.6% compared to 22.2% for the prior fiscal year 2016
- Cash Balance at March 31, 2017 of $109.8 million up $44.8 million compared to prior year March 31, 2016
