Kemet Corporation (KEM), a manufacturer of capacitors, reported a third-quarter net loss of $27.8 million or $0.62 per share, compared to net income of $27.2 million or $0.52 per share in the year-ago quarter.
Results for the quarter included a $15.8 million impairment charge related to Tantalum Business Group, and $10.7 million in restructuring charges. Excluding one-time items, adjusted net income for the quarter was $2.0 million or $0.04 per share, compared to adjusted net income of $33.1 million or $0.64 last year.
On average, 4 analysts polled by Thomson Reuters expected the company to earn $0.07 per share for the quarter. Analysts' estimates typically exclude one-time items.
Net sales for the quarter decreased 17.3 percent to $218.8 million from $264.6 million last year. Analysts expected net sales of $218.2 million for the quarter.
Per Loof, CEO, said, "Even though we expect the next couple of quarters to remain challenging we are positioning the Company for a strong rebound through our continuing realignment of facilities in Europe and supply chain integration when the world economy improves."
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.