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…
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