KEMET Sales Down 10.7% in FY16

Greenville, S.C. –  KEMET Corporation (NYSE: KEM) Net sales for the quarter up 3.8% to $183.9 million compared to the prior quarter ended December 31, 2015. Gross margin for fiscal year 2016 of 22.2% compared to 19.4% for the prior fiscal year 2015. Cash Balance as of March 31, 2016 of $65.0 million up $21.8 million from December 31, 2015…

Molex Awards TTI

Fort Worth, Tex. – TTI, the leading global distributor of interconnect, passive, electromechanical and discrete components, has been awarded the 2015 Global Distributor of the Year Award from Molex. Molex’s most prestigious channel partnership award recognizes one outstanding global channel partner each year for advancing Molex technology solutions through demonstrated growth in worldwide sales coupled…

Mouser Stocks TI ADS131E08S AFE

Mouser Electronics, Inc. is now stocking the ADS131E08S analog front end (AFE) for power monitoring from Texas Instruments (TI). The ADS131E08S AFE is a multichannel, simultaneous sampling, 24-bit, delta-sigma, analog-to-digital converter (ADC) with an integrated programmable gain amplifier (PGA) and short start-up time (3 milliseconds). The ADC’s wide dynamic range, scalable data rates up to…

Amphenol Cables on Demand Available from Newark element14

Chicago, Ill. – Global electronics distributor Newark element14 has added hundreds of new products from the Amphenol Cables on Demand product line to its portfolio. Three connector categories in particular – the CAT6A Shielded RJ45 Cable Assemblies, BNC and SMA RF Coaxial Cable Assemblies, and Deluxe HD Molded D-Sub Cable Assemblies – are ideally suited for a vast array of…

NEC TOKIN Reaches Class Action Settlement for Capacitor Purchases

Greenville, S.C. – KEMET Corporation (NYSE: KEM) (“KEMET”), a leading global supplier of electronic components, today announced that NEC TOKIN Corporation, a joint venture between KEMET Electronics Corporation and NEC Corporation, reached a preliminary settlement with plaintiffs in two related U.S. antitrust class action suits. “A significant hurdle to our acquisition of NEC TOKIN has been cleared,” stated…

42Q Launches Industry’s First Cloud-Based MES

42Q, a leading provider of cloud manufacturing execution systems (MES), today announced the immediate availability of the first, fully cloud-based MES solution that offers competitive advantages in speed of deployment, operational agility and low total cost of ownership. Higher expectations from customers for demand flexibility and product delivery are significant factors leading manufacturers to adopt…

Arrow Sales Up 9% in Q1

Centennial, Colo. — Arrow Electronics, Inc. (NYSE:ARW) today reported first-quarter 2016 net income of $106.2 million, or $1.14 per share on a diluted basis, compared with net income of $106.1 million, or$1.09 per share on a diluted basis, in the first quarter of 2015. Excluding certain items1, net income would have been$132.2 million, or $1.43 per share on a diluted basis, in the first…

Paul J. Reilly to Retire from Arrow Electronics

Centennial, Colo .– Arrow Electronics, Inc. (NYSE: ARW) today announced that Chris Stansbury has been named senior vice president and chief financial officer, effective immediately. He will succeed Paul J. Reilly who is retiring from Arrow effective Jan. 31, 2017. In his new role, Mr. Stansbury will report to Michael J. Long, chairman, president and chief executive officer. Mr. Stansbury has…