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KEMET Reports Financial Results for September 2003 Quarter
October 24, 2003 |Estimated reading time: Less than a minute
Greenville, S.C. — KEMET Corp. has reported financial results for the fiscal quarter ended September 30, 2003.
Net sales for the quarter were $100.1 million and net loss in the quarter was $43.3 million, or 50 cents per diluted share.
KEMET's total unit shipments were up 31 percent in the September quarter, after being up 14 percent in the June quarter. Asia was particularly strong, with September unit shipments to Asia up 54 percent over the June quarter, which was up 40 percent over the March quarter. Unit shipments in the September quarter were approximately 2.5 times higher than the low point in the industry cycle in the September 2001 quarter. KEMET's overall capacity utilization rose to approximately 65 percent. Shipments and orders in September were strong and remained strong into October.
For more information, visit www.kemet.com.