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Thursday, Apr 25, 2024

Diodes Looking at Increased Revenues for Year

Diodes Inc. forecast a 60 percent increase in revenues for 2006 over the previous year based on reaffirmed financial guidance, the company announced Wednesday. For 2005, Diodes saw its revenues climb to $214.8 million, a 15.6 percent increase over revenues for all of 2004. For the full year 2005, Diodes earned a record $33.3 million, or $1.29 per share, versus $25.6 million, or $1.10 per share, in 2004. The Westlake Village-based semiconductor manufacturer expects fourth quarter sequential growth to be in the 1 percent to 3 percent range and gross margin to be comparable to the third quarter of 2006. For the third quarter ending Sept. 30, the company posted a net profit of $12.8 million, or $0.45 per diluted share, on revenues of $92.6 million. That was an increase over the net profit of $8.3 million, or $0.34 per diluted share, on revenues of $54 million for the same period in 2005. In October, the company acquired APD Semiconductor, a privately held semiconductor company based in Redwood City, Calif. Diodes provides discrete and analog semiconductor products to the communications, computing, industrial, consumer electronics, and automotive markets.

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