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Kemet Corp  (KEM)
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EARNINGS REPORT by CSIMarket

fourth quarter Results hurt by impairment charges

Kemet Corp slips into red due to $21 million, in the fourth quarter 2020

For the fourth quarter 2020 Kemet Corp reached break-even of $-0.00 per share compare to $1.58 a year ago and from $0.28 per share from the previous quarter.
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Sales declined in double digits by -17.6 % to $293 millions from $356 millions in the same quarter a year ago and sequentially Sales decreased by -0.53 % from $295 millions.



For the fourth quarter 2020 Kemet Corp logged net loss of $-0.301 million, instead of net income of $93.420 millions achieved in the same quarter a year before.

An asset impairment charge, deprived company of $21 million in earnings, the main reason for company's loss in the fourth quarter 2020
Looking into financial results for the fiscal year 2020, Kemet Corp reported Sales of $1.26 billions and net income of $41 millions.

Electronic Instruments & Controls Company explained also, that Eps dropped by -80 % to $0.70 per share from $3.50 in the previous fiscal year, while Sales deteriorated by -8.84 % from $1.38 billions a year ago.


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Other KEM's Earnings Reports

Kemet reported third quarter 2019 earnings

Kemet reported second quarter 2019 earnings

Kemet reported first quarter 2019 earnings

       
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