Diodes Incorporated Increases First Quarter 2013 Guidance After Completing BCD Semiconductor Acquisition

  Diodes Incorporated Increases First Quarter 2013 Guidance After Completing
  BCD Semiconductor Acquisition

Business Wire

PLANO, Texas -- March 7, 2013

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
increasing its guidance, excluding the impact of any purchase price accounting
adjustments, for the first quarter of 2013. As previously announced, the
acquisition of BCD Semiconductor (“BCD”) was completed on March 5, 2013 and
BCD’s results of operations will be included as of March 1, 2013.

The revised guidance includes the expectation that revenue will range between
$174 million and $180 million sequentially versus prior guidance for Diodes of
$157 million to $170 million and for BCD of $33 million to $37 million, or a
monthly rate of approximately $11 million to $12.3 million.

Gross margin is expected to be 24.5 percent, plus or minus 2 percent versus
prior guidance for Diodes of 25.0 percent plus or minus 2 percent and for BCD
of 22 percent plus or minus 2 percent.

Operating expenses are expected to be 23.0 percent of revenue, plus or minus 1
percent; the income tax rate for the first quarter is expected to range
between 10 and 17 percent, and shares used to calculate GAAP EPS are
anticipated to be approximately 47 million, all of which are the same as
Diodes’ prior guidance.

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 increases first quarter 2013 guidance after completing BCD
Semiconductor acquisition; it is increasing its guidance, excluding the impact
of any purchase price accounting adjustments, for the first quarter of 2013;
BCD’s results of operations will be included as of March 1, 2013; the revised
guidance includes the expectation that revenue will range between $174 million
and $180 million sequentially versus prior guidance for Diodes of $157 million
to $170 million and for BCD of $33 million to $37 million, or a monthly rate
of approximately $11 million to $12.3 million; gross margin is expected to be
24.5 percent, plus or minus 2 percent versus prior guidance for Diodes of 25.0
percent plus or minus 2 percent and for BCD of 22 percent plus or minus 2
percent; Operating expenses are expected to be 23.0 percent of revenue, plus
or minus 1 percent; the income tax rate for the first quarter is expected to
range between 10 and 17 percent, and shares used to calculate GAAP EPS are
anticipated to be approximately 47 million, all of which are the same as
Diodes’ prior guidance. 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 acquisition may not be realized; the risk that BCD’s standards, procedures
and controls will not be brought into conformance within Diodes’ operations;
difficulties coordinating Diodes’ and BCD’s new product and process
development, hiring additional management and other critical personnel, and
increasing the scope, geographic diversity and complexity of Diodes’
operations; difficulties in consolidating facilities and transferring
processes and know-how; the diversion of our management’s attention from the
management of our business; 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; 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 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.

Contact:

Company Contact:
Diodes Incorporated
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
 
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