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    Diodes Incorporated Reports First Quarter Fiscal 2025 Financial Results

    5/8/25 4:07:00 PM ET
    $DIOD
    Semiconductors
    Technology
    Get the next $DIOD alert in real time by email

    Exceeds 1Q Revenue Expectations Growing 10% YoY with Strong Growth Anticipated in 2Q

    Diodes Incorporated (Diodes) (NASDAQ:DIOD) today reported its financial results for the first quarter ended March 31, 2025.

    First Quarter Highlights

    • Revenue was $332.1 million, compared to $302.0 million in the first quarter 2024 and $339.3 million in the prior quarter;
    • GAAP gross profit was $104.7 million, compared to $99.6 million in the same quarter a year ago and $110.9 million in the prior quarter;
    • GAAP gross profit margin was 31.5 percent, compared to 33.0 percent in the first quarter of 2024 and 32.7 percent in the prior quarter;
    • GAAP net loss was $4.4 million, compared to GAAP net income of $14.0 million in the same quarter a year ago and GAAP net income of $8.2 million last quarter;
    • Non-GAAP adjusted net income was $8.8 million, compared to $13.0 million in the same quarter a year ago and $12.5 million in the prior quarter;
    • GAAP loss per share was $0.10 per diluted share, compared to GAAP EPS of $0.30 per diluted share in the first quarter of 2024 and GAAP EPS $0.18 per diluted share in the prior quarter;
    • Non-GAAP EPS was $0.19 per diluted share, compared to $0.28 per diluted share in the same quarter a year ago and $0.27 per diluted share in the prior quarter;
    • Excluding $5.0 million, net of tax, non-cash share-based compensation expense, both GAAP net loss and non-GAAP adjusted net income would have increased by $0.11 per diluted share;
    • EBITDA was $26.2 million, or 7.9 percent of revenue, compared to $48.3 million, or 16.0 percent of revenue during the same quarter last year and $40.7 million, or 12.0 percent of revenue in the prior quarter; and
    • Achieved $56.7 million cash flow from operations and $40.8 million of free cash flow, including $15.9 million of capital expenditures. Net cash flow was a positive $26.2 million.

    Commenting on the results, Gary Yu, President of Diodes, stated, "We delivered another quarter of year-over-year growth, achieving 10% as the recovery in our target end markets continues to improve. First quarter revenue exceeded our expectations due to better than seasonal performance in the computing market in Asia, primarily driven by increasing opportunities for Diodes' products in AI-related applications. Additionally, we are seeing improving market conditions in Europe and North America as those regions have begun to show signs of rebounding from recent lows. Our automotive and industrial markets totaled 42% of first quarter product revenue as we continue to see expanding automotive content and design opportunities.

    "Another notable indication of improving conditions is channel inventory dollars and days have continued to decrease and appear to be more aligned with real demand and historical POS levels. Although the inventory depletion is a positive sign for Diodes and the broader market, the reduction in channel and internal inventory combined with absorbing the Chinese New Year holiday temporarily limited increased loading at our manufacturing facilities, and therefore, gross margins. As channel inventory continues to normalize and global demand improves, we should see a more material expansion to gross margin in future quarters. Additionally, qualifying more products in our internal facilities to increase loading combined with recovery in our higher margin automotive and industrial markets will also contribute to driving future margin improvement.

    "As further evidence of our increasing momentum, we are guiding for the third consecutive quarter of year-over-year growth, with the second quarter also expected to be the first quarter of both year-over-year and sequential growth in this recovery cycle. Even though the global markets remain dynamic, especially with the recent tariffs, Diodes is strategically positioned to meet global customers' needs with our hybrid manufacturing model and internal facilities located across the U.S., China, Taiwan and the U.K."

    First Quarter 2025

    Revenue for first quarter 2025 was $332.1 million, compared to $302.0 million in the first quarter 2024 and $339.3 million in the fourth quarter 2024.

    GAAP gross profit for the first quarter 2025 was $104.7 million, or 31.5 percent of revenue, compared to $99.6 million, or 33.0 percent of revenue, in the first quarter of 2024 and $110.9 million, or 32.7 percent of revenue, in the fourth quarter 2024.

    GAAP operating expenses for first quarter 2025 were $103.4 million, or 31.1 percent of revenue, and on a non-GAAP basis were $97.1 million, or 29.3 percent of revenue, which excludes $5.8 million acquisition related intangible asset cost, $0.3 million in restructuring charges and $0.2 million of acquisition-related costs. GAAP operating expenses in the first quarter 2024 were $86.6 million, or 28.7 percent of revenue and in the fourth quarter 2024 were $99.0 million, or 29.2 percent of revenue.

    First quarter 2025 GAAP net loss was $4.4 million, or a loss of $0.10 per diluted share, compared to GAAP net income in the first quarter 2024 of $14.0 million, or $0.30 per diluted share and GAAP net income in the fourth quarter 2024 of $8.2 million, or $0.18 per diluted share.

    First quarter 2025 non-GAAP adjusted net income was $8.8 million, or $0.19 per diluted share, which excluded, net of tax, $4.8 million impairment charge on equity investment, $4.8 million of acquisition-related intangible asset cost, $3.2 million non-cash mark-to-market investment value adjustment, $0.2 million in restructuring charges and $0.1 million in acquisition-related costs. This compares to non-GAAP adjusted net income of $13.0 million, or $0.28 per diluted share, in the first quarter 2024 and $12.5 million, or $0.27 per diluted share, in the fourth quarter 2024.

    The following is an unaudited summary reconciliation of GAAP net loss to non-GAAP adjusted net income and per share data, net of tax (in thousands, except per share data):

    Three Months Ended
    March 31, 2025
    GAAP net (loss)

    $

    (4,437

    )

       
    Loss per share (GAAP)

    $

    (0.10

    )

       
    Adjustments to reconcile net (loss) to non-GAAP net income:
       
    Amortization of acquisition-related intangible assets

     

    4,793

     

       
    Acquisition related cost

     

    135

     

       
    Restructuring charge

     

    226

     

       
    Impairment of equity investment

     

    4,849

     

       
    Non-cash mark-to-market investment value adjustments

     

    3,226

     

       
    Non-GAAP net income

    $

    8,792

     

       
    Non-GAAP diluted earnings per share

    $

    0.19

     

    Note: Throughout this release, we refer to "net income/loss attributable to common stockholders" as "net income/loss."

    (See the reconciliation tables of GAAP net loss to non-GAAP adjusted net income near the end of this release for further details.)

    Included in first quarter 2025 GAAP net loss and non-GAAP adjusted net income was approximately $5.0 million, net of tax, non-cash share-based compensation expense. Excluding share-based compensation expense, GAAP earnings per share ("EPS") and non-GAAP adjusted EPS would have increased by $0.11 per share for the first quarter 2025, compared to $0.09 for both in the first quarter 2024 and $0.11 for the fourth quarter 2024.

    EBITDA (a non-GAAP measure), which represents earnings before net interest expense, income tax, depreciation and amortization, in first quarter 2025 was $26.2 million, or 7.9 percent of revenue, compared to $48.3 million, or 16.0 percent of revenue, in first quarter 2024 and $40.7 million, or 12.0 percent of revenue, in fourth quarter 2024. For a reconciliation of GAAP net income to EBITDA, see the table near the end of this release for further details.

    For the first quarter 2025, net cash provided by operating activities was $56.7 million. Net cash flow was positive $26.2 million. Free cash flow (a non-GAAP measure) was $40.8 million, which includes $15.9 million of capital expenditures.

    Balance Sheet

    As of March 31, 2025, the Company had approximately $349 million in cash and cash equivalents, restricted cash, and short-term investments. Total debt (including long-term and short-term) amounted to approximately $52 million and working capital was approximately $868 million.

    The results announced today are preliminary and unaudited, as they are subject to the Company finalizing its closing procedures and completion of the quarterly review by its independent registered public accounting firm. As such, these results are subject to revision until the Company files its Form 10-Q for the quarter ending March 31, 2025.

    Business Outlook

    Gary Yu further commented, "For the second quarter of 2025, we expect revenue to increase to approximately $355 million, plus or minus 3 percent, representing 11 percent over the prior year period at the mid-point, which will be the third consecutive quarter of year-over-year growth. GAAP gross margin is expected to be 31.8 percent, plus or minus 1 percent. Non-GAAP operating expenses, which are GAAP operating expenses adjusted for amortization of acquisition-related intangible assets, are expected to be approximately 28.0 percent of revenue, plus or minus 1 percent. We expect net interest income to be approximately $1.5 million. Our income tax rate is expected to be 18.0 percent, plus or minus 3 percent, and shares used to calculate diluted EPS for the second quarter are anticipated to be approximately 46.4 million."

    Amortization of acquisition-related intangible assets of $4.8 million, after tax, for previous acquisitions is not included in these non-GAAP estimates.

    Conference Call

    Diodes will host a conference call on Thursday, May 8, 2025 at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss its first quarter financial results. Investors and analysts may join the conference call by dialing 1-833-634-2590, and international callers may join the teleconference by dialing +1-412-317-6038. A telephone replay of the call will be made available approximately two hours after the call and will remain available until May 15, 2025 at midnight Central Time. The replay number is 1-877-344-7529 with an access code of 7547881 followed by the # key. International callers should dial +1-412-317-0088 and enter the same pass code at the prompt followed by the # key.

    Additionally, this conference call will be broadcast live over the Internet and can be accessed by all interested parties on the Investor Relations section of the Company's website. To listen to the live call, please go to the investors' section of Diodes' website and click on the conference call link at least 15 minutes prior to the start of the call to register, download and install any necessary audio software. For those unable to participate during the live broadcast, a replay will be available shortly after the call on Diodes' website for approximately 90 days.

    About Diodes Incorporated

    Diodes Incorporated (NASDAQ:DIOD), a Standard and Poor's SmallCap 600 and Russell 3000 Index company, delivers high-quality semiconductor products to the world's leading companies in the automotive, industrial, computing, consumer electronics, and communications markets. We leverage our expanded product portfolio of analog and discrete power solutions combined with leading-edge packaging technology to meet customers' needs. Our broad range of application-specific products and solutions-focused sales, coupled with global operations including engineering, testing, manufacturing, and customer service, enable us to be a premier provider for high-volume, high-growth markets. For more information, visit 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 containing forward-looking words such as "expect," "anticipate," "aim," "estimate," and variations thereof, including without limitation statements, whether direct or implied, regarding expectations of that for the second quarter of 2025, we expect revenue to be approximately $355 million plus or minus 3 percent; we expect GAAP gross margin to be 31.8 percent, plus or minus 1 percent; non-GAAP operating expenses, which are GAAP operating expenses adjusted for amortization of acquisition-related intangible assets, are expected to be approximately 28.0 percent of revenue, plus or minus 1 percent; we expect non-GAAP net interest income to be approximately $1.5 million; we expect our income tax rate to be 18.0 percent, plus or minus 3 percent; shares used to calculate diluted EPS for the second quarter are anticipated to be approximately 46.4 million. Potential risks and uncertainties include, but are not limited to, such factors as: the risk that such expectations may not be met; the risk that the expected benefits of acquisitions may not be realized or that integration of acquired businesses may not continue as rapidly as we anticipate; 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; the risk that we may not be able to increase our automotive, industrial, or other revenue and market share; risks of domestic and foreign operations, including excessive operating costs, labor shortages, higher tax rates, and our joint venture prospects; the risks of cyclical downturns in the semiconductor industry and of changes in end-market demand or product mix that may affect gross margin or render inventory obsolete; the risk of unfavorable currency exchange rates; the risk that our future outlook or guidance may be incorrect; the risks of global economic weakness or instability in global financial markets; the risks of trade restrictions, tariffs, or embargoes; the risk of breaches of our information technology systems; and other information, including the "Risk Factors" detailed from time to time in Diodes' filings with the United States Securities and Exchange Commission.

    The Diodes logo is a registered trademark of Diodes Incorporated in the United States and other countries.

    © 2025 Diodes Incorporated. All Rights Reserved.

    DIODES INCORPORATED AND SUBSIDIARIES

    CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

    (in thousands, except per share data)

    (unaudited)

       
    Three Months Ended
    March 31,

     

    2025

     

     

    2024

     

    Net sales

    $

    332,113

     

    $

    301,972

     

    Cost of goods sold

     

    227,419

     

     

    202,388

     

    Gross profit

     

    104,694

     

     

    99,584

     

       
    Operating expenses
    Selling, general and administrative

     

    58,699

     

     

    53,735

     

    Research and development

     

    38,627

     

     

    33,964

     

    Amortization of acquisition-related intangible assets

     

    5,824

     

     

    3,810

     

    (Gain) on disposal of fixed assets

     

    (18

    )

     

    (4,872

    )

    Other operating expense(income)

     

    266

     

     

    (1

    )

    Total operating expense

     

    103,398

     

     

    86,636

     

       
    Income from operations

     

    1,296

     

     

    12,948

     

       
    Other (expense) income
    Interest income

     

    5,813

     

     

    4,614

     

    Interest expense

     

    (467

    )

     

    (532

    )

    Foreign currency (loss)gain, net

     

    (183

    )

     

    972

     

    Unrealized (loss)gain on investments

     

    (4,032

    )

     

    370

     

    Impairment of equity investment

     

    (5,817

    )

     

    -

     

    Other income

     

    623

     

     

    434

     

    Total other (expense)income

     

    (4,063

    )

     

    5,858

     

       
    (Loss)income before income taxes and noncontrolling interest

     

    (2,767

    )

     

    18,806

     

    Income tax provision

     

    20

     

     

    3,537

     

    Net (loss)/income

     

    (2,787

    )

     

    15,269

     

    Less net (income) attributable to noncontrolling interest

     

    (1,650

    )

     

    (1,231

    )

    Net (loss)/income attributable to common stockholders

    $

    (4,437

    )

    $

    14,038

     

       
    (Loss)earnings per share attributable to common stockholders:
    Basic

    $

    (0.10

    )

    $

    0.30

     

    Diluted

    $

    (0.10

    )

    $

    0.30

     

    Number of shares used in earnings per share computation:
    Basic

     

    46,370

     

     

    46,032

     

    Diluted

     

    46,370

     

     

    46,285

     

    Note: Throughout this release, we refer to "net income attributable to common stockholders" as "net income."

    DIODES INCORPORATED AND SUBSIDIARIES

    RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME

    (in thousands, except per share data)

    (unaudited)

     

    For the three months ended March 31, 2025:

    Operating Expenses Other (Income) Expense Income Tax Provision Net Income
    Per-GAAP

    $

    (4,437

    )

       
    Loss per share(GAAP)

    $

    (0.10

    )

       
    Adjustments to reconcile net (loss) to non-GAAP net income:
       
    Amortization of acquisition-related intangible assets

    5,824

     

    (1,031

    )

     

    4,793

     

       
    Acquisition related cost

    171

     

    (36

    )

     

    135

     

       
    Restructuring charge

    266

    (40

    )

     

    226

     

       
    Impairment of equity investment

    5,817

     

    (968

    )

     

    4,849

     

       
    Non-cash mark-to-market investment value adjustments

    4,032

    (806

    )

     

    3,226

     

       
    Non-GAAP

    $

    8,792

     

       
    Diluted shares used in computing earnings per share

     

    46,440

     

       
    Non-GAAP diluted earnings per share

    $

    0.19

     

    Note: Included in GAAP net loss and non-GAAP adjusted net income was approximately $5.0 million, net of tax, non-cash share-based compensation expense. Excluding share-based compensation expense, both GAAP and non-GAAP adjusted diluted earnings per share would have improved by $0.11 per share.

    DIODES INCORPORATED AND SUBSIDIARIES

    CONSOLIDATED RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME – Cont.

    (in thousands, except per share data)

    (unaudited)

     

    For the three months ended March 31, 2024:

    Operating Expenses Other (Income) Expense Income Tax Provision Net Income
    Per-GAAP

    $

    14,038

     

       
    Diluted earnings per share (per-GAAP)

    $

    0.30

     

       
    Adjustments to reconcile net income to non-GAAP net income:
       
    Amortization of acquisition-related intangible assets

    3,810

    (708

    )

     

    3,102

     

       
    Non-cash mark-to-market investment value adjustments

    (370

    )

    74

     

    (296

    )

       
    Insurance recovery for manufacturing facility

    (4,804

    )

    961

     

     

    (3,843

    )

       
    Non-GAAP

    $

    13,001

     

       
    Diluted shares used in computing earnings per share

     

    46,285

     

       
    Non-GAAP diluted earnings per share

    $

    0.28

     

    Note: Included in GAAP and non-GAAP adjusted net income was approximately $4.0 million, net of tax, non-cash share-based compensation expense. Excluding share-based compensation expense, both GAAP and non-GAAP adjusted diluted earnings per share would have improved by $0.09 per share.

    ADJUSTED NET INCOME AND ADJUSTED EARNINGS PER SHARE

    The Company's financial statements present net income and earnings per share that are calculated using accounting principles generally accepted in the United States ("GAAP"). The Company's management makes adjustments to the GAAP measures that it feels are necessary to allow investors and other readers of the Company's financial releases to view the Company's operating results as viewed by the Company's management, board of directors and research analysts in the semiconductor industry. These non-GAAP measures are not prepared in accordance with, and should not be considered alternatives or necessarily superior to, GAAP financial data and may be different from non-GAAP measures used by other companies. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures, even if they have similar names. The explanation of the adjustments made in the table above, are set forth below:

    Detail of non-GAAP adjustments

    Amortization of acquisition-related intangible assets – The Company excluded this item, including amortization of developed technologies and customer relationships. The fair value of the acquisition-related intangible assets is amortized using straight-line methods which approximate the proportion of future cash flows estimated to be generated each period over the estimated useful life of the applicable assets. The Company believes that exclusion of this item is appropriate because a significant portion of the purchase price for its acquisitions was allocated to the intangible assets that have short lives and exclusion of the amortization expense allows comparisons of operating results that are consistent over time for both the Company's newly acquired and long-held businesses. In addition, the Company excluded this item because there is significant variability and unpredictability among companies with respect to this expense.

    Officer retirement – The Company excluded costs related to the retirement of two executives. These costs represent cash payments and the accelerated vesting of previously issued stock awards. The Company feels it is appropriate to exclude these costs since they don't represent ongoing operating expenses and will present investors with a more accurate indication of our continuing operations.

    Acquisition related costs – The Company excluded expenses associated with previous acquisitions of that typically consist of advisory, legal and other professional and consulting fees. These costs were expensed as they were incurred and as services were received, and in which the corresponding tax adjustments were made for the non-deductible portions of these expenses. The Company believes the exclusion of the acquisition related costs provides investors with a more accurate reflection of costs likely to be incurred in the absence of an unusual event such as an acquisition and facilitates comparisons with the results of other periods that may not reflect such costs.

    Insurance recovery for manufacturing facility – The Company recorded gains related to insurance recovery for a manufacturing facility in Asia. The Company believes the exclusion of the insurance recovery provides investors with a more accurate reflection of the continuing operations of the Company and facilitates comparisons with the results of other periods which may not reflect such gains.

    Non-cash mark-to-market investment adjustments – The Company excluded mark-to-market adjustments on various equity related investments. The Company believes this is not reflective of the ongoing operations and exclusion of this provides investors an enhanced view of the Company's operating results.

    Restructuring charge – The Company recorded restructuring charges related to various locations. These restructuring charges are excluded from management's assessment of the Company's operating performance. The Company believes the exclusion of the restructuring charges provides investors an enhanced view of the cost structure of the Company's operations and facilitates comparisons with the results of other periods that may not reflect such charges or may reflect different levels of such charges.

    Impairment of equity investment – The Company excluded the impairment on equity investment. The Company believes this is not reflective of the ongoing operations and exclusion of this item provides investors an enhanced view of the Company's operating results.

    CASH FLOW ITEMS

    Free cash flow (FCF) (Non-GAAP)

    FCF for the first quarter of 2025 is a non-GAAP financial measure, which is calculated by subtracting capital expenditures from cash flow from operations. For the first quarter of 2025, FCF was $40.8 million, which represents the cash and cash equivalents that we are able to generate after taking into account cash outlays required to maintain or expand property, plant and equipment. FCF is important because it allows us to pursue opportunities to develop new products, make acquisitions and reduce debt.

    CONSOLIDATED RECONCILIATION OF NET INCOME TO EBITDA

    EBITDA represents earnings before net interest expense, income tax provision, depreciation and amortization. Management believes EBITDA is useful to investors because it is frequently used by securities analysts, investors and other interested parties, such as financial institutions in extending credit, in evaluating companies in our industry and provides further clarity on our profitability. In addition, management uses EBITDA, along with other GAAP and non-GAAP measures, in evaluating our operating performance compared to that of other companies in our industry. The calculation of EBITDA generally eliminates the effects of financing, operating in different income tax jurisdictions, and accounting effects of capital spending, including the impact of our asset base, which can differ depending on the book value of assets and the accounting methods used to compute depreciation and amortization expense. EBITDA is not a recognized measurement under GAAP, and when analyzing our operating performance, investors should use EBITDA in addition to, and not as an alternative for, income from operations and net income, each as determined in accordance with GAAP. Because not all companies use identical calculations, our presentation of EBITDA may not be comparable to similarly titled measures used by other companies. For example, our EBITDA takes into account all net interest expense, income tax provision, depreciation and amortization without taking into account any amounts attributable to noncontrolling interest. Furthermore, EBITDA is not intended to be a measure of free cash flow for management's discretionary use, as it does not consider certain cash requirements such as tax and debt service payments.

    The following table provides a reconciliation of net income to EBITDA (in thousands, unaudited):

    Three Months Ended
    March 31,

     

    2025

     

     

    2024

     

    Net (loss) income (per-GAAP)

    $

    (4,437

    )

    $

    14,038

     

    Plus:
    Interest expense, net

     

    (5,346

    )

     

    (4,082

    )

    Income tax provision

     

    20

     

     

    3,537

     

    Depreciation and amortization

     

    35,918

     

     

    34,855

     

    EBITDA (non-GAAP)

    $

    26,155

     

    $

    48,348

     

    DIODES INCORPORATED AND SUBSIDIARIES

    CONSOLIDATED CONDENSED BALANCE SHEETS

    (Unaudited) (In thousands, except share and per share data)

      

    March 31, December 31,

     

    2025

     

     

    2024

     

    Assets
    Current assets:
    Cash and cash equivalents

    $

    335,754

     

    $

    308,671

     

    Restricted Cash

     

    5,204

     

     

    6,053

     

    Short-term investments

     

    8,173

     

     

    7,464

     

    Accounts receivable, net of allowances of $4,867 and $7,799 at March 31, 2025 and December 31, 2024, respectively

     

    302,241

     

     

    325,517

     

    Inventories

     

    471,036

     

     

    474,948

     

    Prepaid expenses and other

     

    102,482

     

     

    101,500

     

    Total current assets

     

    1,224,890

     

     

    1,224,153

     

    Property, plant and equipment, net

     

    665,857

     

     

    684,259

     

    Deferred income tax

     

    51,682

     

     

    51,974

     

    Goodwill

     

    182,272

     

     

    181,555

     

    Intangible assets, net

     

    61,585

     

     

    67,397

     

    Other long-term assets

     

    170,055

     

     

    176,943

     

    Total assets

    $

    2,356,341

     

    $

    2,386,281

     

        
    Liabilities
    Current liabilities:
    Line of credit

    $

    31,044

     

    $

    31,429

     

    Accounts payable

     

    135,556

     

     

    133,765

     

    Accrued liabilities

     

    169,329

     

     

    186,576

     

    Income tax payable

     

    19,600

     

     

    22,730

     

    Current portion of long-term debt

     

    1,373

     

     

    1,096

     

    Total current liabilities

     

    356,902

     

     

    375,596

     

    Long-term debt, net of current portion

     

    19,147

     

     

    19,563

     

    Deferred tax liabilities

     

    6,092

     

     

    6,953

     

    Unrecognized tax benefits

     

    24,646

     

     

    24,646

     

    Other long-term liabilities

     

    77,720

     

     

    90,576

     

    Total liabilities

     

    484,507

     

     

    517,334

     

        
    Commitments and contingencies
        
    Stockholders' equity

     

    -

     

     

    -

     

    Preferred stock - par value $1.00 per share; 1,000,000 shares authorized; no shares issued or outstanding

     

    -

     

     

    -

     

    Common stock - par value $0.66 2/3 per share; 70,000,000 shares authorized; 46,395,345 and 46,332,891, issued and outstanding at March 31, 2025 and December 31, 2024, respectively

     

    37,125

     

     

    37,083

     

    Additional paid-in capital

     

    529,234

     

     

    523,744

     

    Retained earnings

     

    1,714,861

     

     

    1,719,298

     

    Treasury stock, at cost, 9,288,420 shares held at March 31, 2025 and December 31, 2024

     

    (338,100

    )

     

    (338,100

    )

    Accumulated other comprehensive loss

     

    (141,902

    )

     

    (146,724

    )

    Total stockholders' equity

     

    1,801,218

     

     

    1,795,301

     

    Noncontrolling interest

     

    70,616

     

     

    73,646

     

    Total equity

     

    1,871,834

     

     

    1,868,947

     

    Total liabilities and stockholders' equity

    $

    2,356,341

     

    $

    2,386,281

     

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250508373536/en/

    Company Contact:

    Diodes Incorporated

    Gurmeet Dhaliwal

    Director, IR & Corporate Marketing

    P: 408-232-9003

    E: [email protected]

    Investor Relations Contact:

    Shelton Group

    Leanne Sievers

    President, Investor Relations

    P: 949-224-3874

    E: [email protected]

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