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Diodes Incorporated Announces Production Delay at Lee’s Summit Wafer Fab
Provides Revised Guidance for the Fourth Quarter 2016
Repair plans have been submitted to the landlord and to the city for approval. Once approval is received, Diodes expects the repairs to take one to three days. At this time, the Company is unable to predict when approval might be given or when repairs will be completed and subsequently approved by city inspectors.
As a result of the delayed production at KFAB, the Company is revising its financial guidance for the fourth quarter of 2016. Assuming the repairs cannot be completed or approval to resume production is not received from the city in time to impact fourth quarter, the Company expects revenue to be impacted by as much as
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements. These statements are based on our current expectations and involve known and unknown risks and uncertainties that may cause our actual results or performance to differ materially from those expressed or implied by such statements.
Such forward-looking statements include statements regarding our expectations that: the landlord and city will approve our plan for the repairs; the repairs will take 1-3 days; the city will approve the repairs once completed; the impact on our revenue for the fourth quarter of 2016 will be
Forward-looking statements are not guarantees of future performance, and undue reliance should not be placed on such statements. Forward-looking statements speak only as of the date of this press release, and we undertake no obligation to publicly update or revise any forward-looking statements to take into account or otherwise reflect subsequent events, corrections in underlying assumptions, or changes in circumstances arising after the date that the forward-looking statement was made, unless required to do so by law. Please see the full discussion of risks and uncertainties contained in our filings with the
The Private Securities Litigation Reform Act of 1995 provides certain “safe harbor” provisions for forward-looking statements. All forward-looking statements made in this presentation are made pursuant to the Act.
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