KEMET Q2 Profit Rises

(RTTNews) - KEMET Corp. (KEM), a leading global supplier of passive electronic components, reported that its U.S. GAAP net income for its second fiscal quarter ended September 30, 2018 was $37.1 million or $0.63 per share compared to $12.8 million or $0.22 per share last year.

Non-GAAP adjusted net income was $51.3 million or $0.87 per share for the quarter ended September 30, 2018, compared to $26.4 million or $0.45 per diluted share.

Net sales were $349.2 million up 15.8% from $301.6 million last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.61 per share and revenues of $335.56 million for the quarter. Analysts' estimates typically exclude special items.