KEMET Announces Date for Fiscal Fourth Quarter and Fiscal Year 2017 Financial Results
April 12 2017 - 4:15PM
KEMET Corporation (NYSE:KEM) will host a conference call at 9:00 AM
(EDT) on Wednesday, May 10, 2017, to discuss its financial results
for the fourth quarter and fiscal year ended March 31, 2017.
The call will last approximately one hour.
To access the call via telephone, participants
in the United States should dial 1-800-416-8033, and participants
outside the United States should dial 1-706-643-0979.
Participants should reference "KEMET Corporation" and Conference ID
#7822984. Participants can view a corresponding presentation
from the KEMET website at www.kemet.com by clicking on the
conference call link in the Investor Relations section of the
website. The presentation will be available immediately prior
to the beginning of the call. Following management’s
comments, there will be an opportunity for questions.
In conjunction with the conference call, there
will be a simultaneous live broadcast over the internet that can be
accessed at http://ir.kemet.com/. A replay of the conference
call will be available until midnight, May 24, 2017, through the
same link.
About KEMET
The Company’s common stock is listed on the NYSE
under the ticker symbol “KEM” (NYSE:KEM). At the Investor
Relations section of our web site at http://www.kemet.com/IR, users
may subscribe to KEMET news releases and find additional
information about our Company. KEMET applies world class
service and quality to deliver industry leading, high performance
capacitance solutions to its customers around the world and offers
the world’s most complete line of surface mount and through-hole
capacitor technologies across tantalum, ceramic, film, aluminum,
electrolytic, and paper dielectrics. Additional information about
KEMET can be found at http://www.kemet.com.
CAUTIONARY STATEMENT ON FORWARD-LOOKING
STATEMENTS
Certain statements included herein contain
forward-looking statements within the meaning of federal securities
laws about the Company’s financial
condition and results of operations that are
based on management’s current expectations,
estimates and projections about
the markets, in which the Company
operates, as well as management’s beliefs and assumptions. Words
such as “expects,” “anticipates,” “believes,” “estimates,”
variations of such words and other similar expressions are intended
to identify such forward-looking statements. These statements are
not guarantees of future performance and involve certain risks,
uncertainties and assumptions, which are difficult to predict.
Therefore, actual outcomes and results may differ materially from
what is expressed or forecasted in, or implied by, such
forward-looking statements. Readers are cautioned not to place
undue reliance on these forward-looking statements, which reflect
management’s judgment only as of the date hereof. The Company
undertakes no obligation to update publicly any of these
forward-looking statements to reflect new information, future
events or otherwise.
Factors that may cause actual outcomes and
results to differ materially from those expressed in, or implied
by, these forward-looking statements include, but are not
necessarily limited to, the following: (i) adverse economic
conditions could impact our ability to realize operating plans if
the demand for our products declines, and such conditions could
adversely affect our liquidity and ability to continue to operate;
(ii) continued net losses could impact our ability to realize
current operating plans and could materially adversely affect our
liquidity and our ability to continue to operate; (iii) adverse
economic conditions could cause the write down of long-lived assets
or goodwill; (iv) an increase in the cost or a decrease in the
availability of our principal or single-sourced purchased
materials; (v) changes in the competitive environment; (vi)
uncertainty of the timing of customer product qualifications in
heavily regulated industries; (vii) economic, political, or
regulatory changes in the countries in which we operate; (viii)
difficulties, delays or unexpected costs in completing the
restructuring plans; (ix) equity method investment in NEC TOKIN
exposes us to a variety of risks; (x) acquisitions and other
strategic transactions expose us to a variety of risks; (xi)
possible acquisition of NEC TOKIN may not achieve all of the
anticipated results; (xii) our business could be negatively
impacted by increased regulatory scrutiny and litigation; (xiii)
inability to attract, train and retain effective employees and
management; (xiv) inability to develop innovative products to
maintain customer relationships and offset potential price erosion
in older products; (xv) exposure to claims alleging product
defects; (xvi) the impact of laws and regulations that apply to our
business, including those relating to environmental matters; (xvii)
the impact of international laws relating to trade, export controls
and foreign corrupt practices; (xviii) changes impacting
international trade and corporate tax provisions related to the
global manufacturing and sales of our products may have an adverse
effect on our financial condition and results of operations; (xix)
volatility of financial and credit markets affecting our access to
capital; (xx) the need to reduce the total costs of our products to
remain competitive; (xxi) potential limitation on the use of net
operating losses to offset possible future taxable income; (xxii)
restrictions in our debt agreements that limit our flexibility in
operating our business; (xxiii) failure of our information
technology systems to function properly or our failure to control
unauthorized access to our systems may cause business disruptions;
(xxiv) additional exercise of the warrant by K Equity which could
potentially result in the existence of a significant stockholder
who could seek to influence our corporate decisions; and (xxv)
fluctuation in distributor sales could adversely affect our results
of operations.
Contact:
William M. Lowe, Jr.
Executive Vice President and Chief Financial Officer
williamlowe@KEMET.com
864-963-6484
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