KEMET Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, net sales were $201,310,000 against $207,339,000 for the same period in the last year. Operating income was $9,302,000 against $3,623,000 for the same period in the last year. Income from continuing operations before income taxes and equity loss from NEC TOKIN was $3,070,000 against loss from continuing operations before income taxes and equity loss from NEC TOKIN of $5,368,000 for the same period in the last year. Income from continuing operations before equity loss from NEC TOKIN was $1,711,000 against loss from continuing operations before equity loss from NEC TOKIN of $6,401,000 for the same period in the last year. Income from continuing operations was $3,078,000 or $0.07 per diluted share against loss from continuing operations of $4,744,000 or $0.11 per diluted share for the same period in the last year. Net income was $2,914,000 or $0.06 per diluted share against net loss of $5,820,000 or $0.11 per diluted share for the same period in the last year. Adjusted operating income was $17,396,000 against $11,634,000 for the same period in the last year. Adjusted net income was $6,546,000 or $0.13 per diluted share against $3,465,000 or $0.07 per diluted share for the same period in the last year. EBITDA was $23,926,000 against $17,317,000 for the same period in the last year. Adjusted EBITDA was $27,199,000 against $23,238,000 for the same period in the last year. Total cash expenditures were $5.5 million.

For the nine months, net income was $5,704,000 compared to net loss of $54,056,000 a year ago. Net cash used in operating activities was $3,270,000 compared to $26,312,000 a year ago. Capital expenditures were $17,474,000 compared to $24,993,000 a year ago.

For the fourth quarter, the company expects CapEx to be similar in the range to this quarter of $6 million to $7 million. Sales are currently forecasted to be slightly up within the range of $202 million to $208 million.

For the full year, the company expects CapEx in the range of $20 million to $25 million.