Exhibit 99.1
Diodes Incorporated Updates Second Quarter 2014 Guidance;
Narrows Revenue Range and Raises Gross Profit Margin
Plano, Texas – June 9, 2014 – 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 provided updated guidance for the second quarter ending June 30, 2014.
The Company currently expects second quarter revenue to range between $218 million and $227 million, or up 3.9 percent to 8.1 percent sequentially, compared to its original guidance of between $216 million and $229 million, or up 2.9 percent to 9.1 percent sequentially. Additionally, Diodes is raising its gross profit margin guidance from 30.5 percent, plus or minus 2 percent, to 31.0 percent, plus or minus 2 percent. Diodes is maintaining its prior guidance for operating expenses to be approximately 21.8 percent of revenue, plus or minus 1 percent, income tax rate to range between 19 and 25 percent, and shares used to calculate GAAP earnings per share to be approximately 48.2 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, AC-DC converters and controllers, 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. Diodes’ 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. Diodes’ wafer fabrication facilities are located in Kansas City, Missouri and Manchester, with four manufacturing facilities located in Shanghai, China, and two joint venture facilities located in Chengdu, China, as well as manufacturing facilities located in Neuhaus and Taipei. Additional engineering, sales, warehouse, and logistics offices are located in Fort Worth, Texas; Taipei; Hong Kong; Manchester; Shanghai; Shenzhen, China; Seongnam-si, South Korea; Suwon, South Korea; Tokyo, Japan; and Munich, Germany, with support offices throughout the world. For further information, including SEC filings, visit Diodes’ 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 Updates Second Quarter 2014 Guidance; Narrows Revenue Range and Raises Gross Profit Margin; the Company current expects second quarter revenue to range between $218 million and $227 million, or up 3.9 percent to 8.1 percent sequentially, compared to its original guidance of between $216 million and $229 million, or up 2.9 percent to 9.1 percent sequentially; additionally, Diodes is raising its gross profit margin guidance from 30.5 percent, plus or minus 2 percent, to 31.0 percent, plus or minus 2 percent; and Diodes is maintaining its prior guidance for operating expenses to be approximately 21.8 percent of revenue, plus or minus 1 percent, income tax rate to range between 19 and 25 percent, and shares used to calculate GAAP earnings per share to be approximately 48.2 million. Potential risks and uncertainties include, but are not limited to, such factors as: the risk that BCD’s business will not be integrated successfully into Diodes’; the risk that the expected benefits of the acquisitions may not be realized; the risk that 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, higher tax rates and our joint venture prospects; the risk of unfavorable currency exchange rates; the global economic weakness may be more severe or last longer than we currently anticipated; and other information detailed from time to time in Diodes’ 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.
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| Company Contact: | Investor Relations Contact: | |
| Diodes Incorporated | Shelton Group | |
| Laura Mehrl | Leanne K. Sievers | |
| Director of Investor Relations | EVP, Investor Relations | |
| P: 972-987-3959 | P: 949-224-3874 | |
| E: laura_mehrl@diodes.com | E: lsievers@sheltongroup.com |