The capacitor manufacturer saw net sales jump 12% to $355.8 million, beating Street expectations of $343 million. Adjusted net income per share grew to $1.05 from $0.44, while analysts had called for $0.89.
The stock jumped 15% to $19.05.
One reason for the strong showing was a big sales boost from its tantalum product line. Sales among products made from the signature polymer increased 8.2% year over year to $137.2 million.
For the full year, the Florida company saw net sales rise 15.2% year over year to $1.4 billion and earnings per share more than doubled to $3.54 from $1.74. Analysts expected $1.4 billion in revenue and earnings per share of $3.39.
Looking ahead, the company expects first-quarter revenue between $338 and $348 million, slightly below Street estimates of $350.9 million.
Kemet produces and sells electronic components, including capacitors, sensors, and actuators.
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