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KEMET Reports First Quarter Fiscal Year 2009 Loss of $187.3 Million

Submitted by: John Warner on Jul 31, 2008 at 9:11 am Tagged with: capacitors, earnings, electronic components Source: Swamp Fox

GREENVILLE, S.C., July 30 /PRNewswire-FirstCall/ -- KEMET Corporation
(NYSE: KEM) today reported preliminary results for the first quarter ended
June 30, 2008. Net sales for the quarter ended June 30, 2008, were $242.8
million, which is a 32.6% increase over the same quarter last year,
inclusive of recent acquisitions, and 0.7% higher than the prior quarter.
Net loss was $(187.3) million, or $(2.33) per share for the current
quarter, compared to a net loss of $(20.5) million for the prior quarter
and net income of $7.0 million for the same quarter last year. The current
quarter loss includes a pre-tax impairment charge of $152.6 million.

See rest of earnings release.