KEMET Confirms Q2 Outlook

(RTTNews) - KEMET Corp. (KEM) said Monday that it is confirming its second earnings guidance provided on July 24.

The company confirmed that for the second quarter ending September 30, it currently expects revenues to be in the range of $206 million to $212 million, and that adjusted operating gross margins are currently expected to improve over the June 30, 2014 quarter by 100 to 200 basis points.

Analysts polled by Thomson Reuters expect the company to post revenue of $208.74 million for the second quarter.

"The quarter appears to be developing as we expected and we believe that the final results will be consistent with our prior expectations. Margins continue to remain a primary focus and at this point the cost improvement actions are taking hold," said Per Loof, KEMET's Chief Executive Officer.