Diodes Incorporated Raises Fourth Quarter 2013 Gross Profit Margin Guidance

  Diodes Incorporated Raises Fourth Quarter 2013 Gross Profit Margin Guidance

Business Wire

PLANO, Texas -- December 9, 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
raising its gross profit margin guidance for the fourth quarter of 2013.

Diodes is maintaining its fourth quarter revenue guidance expectations to
range between $205 million and $220 million, or down 2 to 9 percent
sequentially and is raising its gross profit margin guidance from 28.0
percent, plus or minus 2 percent, to 28.6 percent, plus or minus 2 percent.
Diodes is maintaining its prior guidance for operating expenses, income tax
rate and shares used to calculate GAAP EPS, which is operating expenses are
expected to be 22.7 percent of revenue, plus or minus 1 percent; income tax
rate to range between 18 and 24 percent, and shares used to calculate GAAP EPS
to be approximately 48.3 million. In addition, Diodes is currently performing
its annual test for impairment of goodwill. Preliminary findings suggest that
during the fourth quarter the Company may be required to take a one-time,
non-cash charge for impairment relating only to the goodwill from the Eris
Technology Corporation acquisition.

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 raises fourth quarter 2013 profit margin guidance; Diodes
is maintaining its fourth quarter revenue guidance expectations to range
between $205 million and $220 million, or down 2 to 9 percent sequentially and
is raising its gross profit margin guidance from 28.0 percent, plus or minus 2
percent to 28.6 percent, plus or minus 2 percent; Diodes is maintaining its
prior guidance for operating expenses, income tax rate and shares used to
calculate GAAP EPS, which is operating expenses are expected to be 22.7
percent of revenue, plus or minus 1 percent; income tax rate to range between
18 and 24 percent, and shares used to calculate GAAP EPS to be approximately
48.3 million; in addition, Diodes is currently performing its annual test for
impairment of goodwill; preliminary findings suggest that during the fourth
quarter the Company may be required to take a one-time non-cash charge for
impairment relating only to the goodwill from the Eris Technology Corporation
acquisition. 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:
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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