PLANO, Texas--(BUSINESS WIRE)--Jun. 11, 2012--
Diodes Incorporated (Nasdaq: DIOD), a leading global manufacturer and
supplier of high-quality application specific standard products within
the broad discrete, logic and analog semiconductor markets, today stated
that it is maintaining its guidance for the second quarter of 2012,
which includes the expectation that revenue will range between $155
million and $164 million, or up 7 percent to 13 percent sequentially.
Gross margin is expected to be 26 percent, plus or minus 2 percent.
Operating expenses, without consideration of any gain on the sale of
assets in the first quarter of 2012, are expected to be down slightly
from first quarter on a percent of revenue basis. The income tax rate
for the second quarter is expected to range between 7 and 13 percent,
and shares used to calculate GAAP EPS are anticipated to be
approximately 47.2 million.
About Diodes Incorporated
Diodes Incorporated (Nasdaq: DIOD), a Standard and Poor's SmallCap 600
and Russell 3000 Index company, is a leading global manufacturer and
supplier of high-quality application specific standard products within
the broad discrete, logic and analog semiconductor markets. Diodes
serves the consumer electronics, computing, communications, industrial,
and automotive markets. Diodes' products include diodes, rectifiers,
transistors, MOSFETs, protection devices, functional specific arrays,
single gate logic, amplifiers and comparators, Hall-effect and
temperature sensors; power management devices, including LED drivers,
DC-DC switching and linear voltage regulators, and voltage references
along with special function devices, such as USB power switches, load
switches, voltage supervisors, and motor controllers. The Company's
corporate headquarters, logistics center, and Americas' sales office are
located in Plano, Texas. Design, marketing, and engineering centers are
located in Plano; San Jose, California; Taipei, Taiwan; Manchester,
England; and Neuhaus, Germany. The Company's wafer fabrication
facilities are located in Kansas City, Missouri and Manchester, with two
manufacturing facilities located in Shanghai, China, another in Neuhaus,
and two joint venture facilities located in Chengdu, China. Additional
engineering, sales, warehouse, and logistics offices are located in Fort
Worth, Texas; Taipei; Hong Kong; Manchester; and Munich, Germany, with
support offices located throughout the world. For further information,
including SEC filings, visit the Company's website at http://www.diodes.com.
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 that involve risks and
uncertainties that could cause actual results to differ materially from
those in the forward-looking statements. Such statements include
statements regarding the expectation that: Diodes Incorporated
maintains its guidance for the second quarter of 2012, which includes
the expectation that revenue will range between $155 million and $164
million, or up 7 percent to 13 percent sequentially; gross margin is
expected to be 26 percent, plus or minus 2 percent; operating expenses,
without consideration of any gain on the sale of assets in the first
quarter of 2012, are expected to be down slightly from first quarter on
a percent of revenue basis; the income tax rate for the second quarter
is expected to range between 7 and 13 percent; and shares used to
calculate GAAP EPS are anticipated to be approximately 47.2 million. Potential
risks and uncertainties include, but are not limited to, such factors
as: we may not be able to maintain our current growth strategy or
continue to maintain our current performance, costs and loadings in our
manufacturing facilities; risks of domestic and foreign operations,
including excessive operation costs, labor shortages and our joint
venture prospects; unfavorable currency exchange rates; our future
guidance may be incorrect; the global economic weakness may be more
severe or last longer than we currently anticipated; and other
information detailed from time to time in the Company's filings with the
United States Securities and Exchange Commission.
Recent news releases, annual reports, and SEC filings are available at
the Company's website: http://www.diodes.com.
Written requests may be sent directly to the Company, or they may be
e-mailed to: diodes-fin@diodes.com.
Source: Diodes Incorporated
Company Contact:
Laura Mehrl
Director, Investor
Relations
P: 972-987-3959
E: laura_mehrl@diodes.com
or
Investor
Relations Contact:
Shelton Group
Leanne Sievers
EVP,
Investor Relations
P: 949-224-3874
E: lsievers@sheltongroup.com