Financial Performance - Net sales for Q3 2024 were $350.1 million, a decrease of 13.5% from $404.6 million in Q3 2023, but an increase of 9.5% from $319.8 million in Q2 2024[47]. - Gross profit for Q3 2024 was $118.0 million, down 24.3% from $155.9 million in Q3 2023, with a gross profit margin of 33.7% compared to 38.5% in Q3 2023[47][50]. - Net income attributable to common stockholders was $13.7 million in Q3 2024, compared to $48.7 million in Q3 2023, with earnings per share of $0.30 per diluted share[47]. - For the nine months ended September 30, 2024, net sales decreased by approximately $367.2 million, or 27.4%, compared to the same period last year[54]. - Net sales for the nine months ended September 30, 2024, were $971.8 million, a decrease of 27.4% compared to $1.34 billion for the same period in 2023[55]. - Gross profit decreased by approximately 40.4% to $325.0 million, with a gross profit margin of 33.4% compared to 40.8% in the prior year[57]. Cash Flow and Expenses - Cash flow from operations was $54.4 million, with net cash flow of $49.4 million after $15.0 million in capital expenditures[47]. - Total operating expenses decreased by $5.9 million, with SG&A expenses as a percentage of net sales increasing to 17.0% in Q3 2024 from 15.6% in Q3 2023[54]. - Operating expenses decreased by $29.4 million, representing 29.5% of net sales, up from 23.6% in the previous year[57]. - Net cash flows from operating activities were $37.6 million for the nine months ended September 30, 2024, down from $242.5 million in the same period last year[61]. - Capital expenditures for the nine months ended September 30, 2024, were $53.3 million, or 5.5% of net sales, with expectations to remain within 5% to 9% of net sales for the year[62]. Market and Sales Dynamics - Automotive market revenue increased to 19% of product revenue in Q3 2024, reflecting ongoing content expansion and design win initiatives[47]. - Weighted-average sales price decreased by 10.1% and volume decreased by 3.8% in Q3 2024 compared to Q3 2023, primarily due to lower demand in automotive and industrial markets[50]. - The decline in gross profit margin for Q3 2024 was primarily due to lower net sales and a decrease in average sales price related to end-market mix[54]. - The average unit cost decreased by approximately 9.5% for the nine months ended September 30, 2024, compared to the same period last year[57]. Financial Position - The company had $319.3 million in cash, cash equivalents, and short-term investments as of September 30, 2024, with an unused borrowing capacity of $225.0 million[47]. - Cash and cash equivalents decreased from $318.5 million at December 31, 2023, to $317.1 million at September 30, 2024[58]. - The company maintained a long-term credit facility of $225.0 million, with no outstanding balance as of September 30, 2024[59]. - The company’s foreign subsidiaries held approximately $215.4 million in cash and cash equivalents, with $93.1 million subject to potential non-U.S. withholding tax if distributed[59]. Risks and Challenges - The company is facing significant risks due to the ongoing COVID-19 pandemic, which may adversely affect its business and financial condition[71]. - The semiconductor industry is highly cyclical, and downturns or changes in end-market demand could negatively impact the company's operating results[71]. - The company is under pressure to reduce product prices, which could adversely affect growth and profit margins[71]. - A significant part of the company's growth strategy involves acquisitions, but there are risks associated with identifying suitable candidates and successful integration[72]. - The company is subject to various environmental laws and regulations that could result in significant expenses[72]. - The company may experience volatility in its stock price due to variations in quarterly operating results[73]. - Economic regulation in China could materially and adversely affect the company's business and prospects[72]. - The company is exposed to foreign currency risk due to its international operations[72]. - The invasion of Ukraine by Russia could negatively impact the company's business[75]. - The company may incur additional costs and face risks associated with environmental, social, and governance (ESG) factors impacting its operations[72].

Dublin, Sept. 06, 2024 (GLOBE NEWSWIRE) -- The "Infrared Light-emitting Diodes - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Infrared Light-emitting Diodes was estimated at US$553.4 Million in 2023 and is projected to reach US$821.5 Million by 2030, growing at a CAGR of 5.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. I ...

Exhibit 99.1 AUGUST 08, 2024 / 9:00PM, DIOD.OQ - Q2 2024 Diodes Inc Earnings Call REFINITIV STREETEVENTS EDITED TRANSCRIPT DIOD.OQ - Q2 2024 Diodes Inc Earnings Call EVENT DATE/TIME: AUGUST 08, 2024 / 9:00PM GMT REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us ©2024 Refinitiv. All rights reserved.Republication or redistribution of Refinitiv content,including by framingor similar means, is prohibited without the prior written consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trad ...

Diodes Incorporated (NASDAQ:DIOD) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Leanne Sievers – Shelton Group-Investor Relations Gary Yu – President Brett Whitmire – Chief Financial Officer Emily Yang – Senior Vice President-Worldwide Sales and Marketing Conference Call Participants William Stein – Truist Securities David Williams – Benchmark Matt Ramsay – TD Cowen Tristan Gerra – Baird Operator Good afternoon and welcome to the Diodes Incorporated Second Quarter 2024 Fina ...

Diodes (DIOD) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $1.59 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 22.22%. A quarter ago, it was expected that this semiconductor components maker would post earnings of $0.27 per share when it actually produced earnings of $0.28, delivering a surprise of 3.70%. Over the last four quarters ...

Analog and Discrete Power Solutions Investor Relations Diodes Incorporated (DIOD Plano, TX, USA August 8, 2024 www.diodes.com Safe Harbor Statement Page 1 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 f ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . | --- | --- | --- | |------------------------------------------------------------------------------|------------------------|---------------------------------------- ...

Vishay on Facebook: http://www.facebook.com/VishayIntertechnology Vishay Twitter feed: http://twitter.com/vishayindust Links to product datasheets: https://www.vishay.com/search/?searchChoice=part&query=VS-3C Link to product photo: https://www.flickr.com/photos/vishay/albums/72177720318189327 For more information please contact: Vishay Intertechnology Peter Henrici, +1 408 567-8400 peter.henrici@vishay.com or Redpines Bob Decker, +1 415 409-0233 bob.decker@redpinesgroup.com MALVERN, Pa., June 26, 2024 (GLOB ...

These load switches are optimized for power delivery to microcontrollers, graphic cards, ASICs, FPGAs, and memory chips, making them ideal for a variety of applications, including servers, computing hardware, networking infrastructure, solid-state drives, notebooks, tablets, industrial equipment and hot-swappable devices. Featuring a chip-on-chip design, these switches stack the controller chip atop a low RDS(ON) N-channel power MOSFET, enabling an ultra-compact footprint and increased power density. The de ...

Exhibit 99.1 REFINITIV STREETEVENTS EDITED TRANSCRIPT DIOD.OQ - Q1 2024 Diodes Inc Earnings Call REFINITIV STREETEVENTS | www.refinitiv.com | ©2024 Refinitiv. All rights reserved. Republication or redistribution of Refinitiv content, including by framing or similar means, is prohibited without the prior written consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MAY 09, 2024 / 9:00PM, DIOD.OQ - Q1 2024 Diodes Inc CORPORATE PARTICIPANT ...