The Simpsonville-based electronic components manufacturer reported nearly doubled losses for the quarter ended June 30 compared to the same quarter the previous year. In its August 2 quarterly filing, the company reported net losses of $35.1 million compared with a loss of $17.8 million in the same quarter of the previous year.
Net sales were $202.7 million for the quarter, down 9.3 percent from a year ago.
During a conference call with investors, the officials said disruptions in the supply chain that led to the discontinuation of a relationship with a South African supplier were are significant factor in the losses. On the other hand, they highlighted increasing demand in the laptop and mobile phone markets and an expected increase in the tablets, which have been weaker.
During the quarter the company announced layoffs throughout its international operations that should result in a savings of $3.8 million per quarter. That included 37 employees and 27 contracted workers at KEMET’s Simpsonville facility.
