Diodes Profits Up for Q4

Strong demand for its semiconductors from the computer and consumer electronic segments helped Diodes Inc. to a nearly 15 percent increase in profits for the fourth quarter, the company announced Tuesday. The Westlake Village-based developer and manufacturer had a net profit of $14.7 million, or $0.53 per diluted share, on revenues of $94.5 million for the quarter ending Dec. 31. That is a 14.9 percent increase over the $10.1 million, or $0.36 per diluted share, on revenues of $61.4 million for the same quarter in 2005. For the full year, Diodes recorded a net profit of $48.1 million, or $1.74 per diluted share, on revenues of $343.3 million. That is a 44 percent increase from the net profit of $33.3 million, or $1.29 per diluted share, on revenues of $214.8 million for 2005. For the fourth quarter, the company outperformed the overall market and took share in a broad range of end equipment categories, including digital audio players, set-top boxes, LCD monitors, and notebook computers, said Vice President of Sales and Marketing Mark King, in a statement. Computers made up 37 percent of the Diodes market, followed by consumer electronics with 36 percent and telecomm with 15 percent, King said. “We continue to see good acceptance from our customers for our extended analog and discrete product lines and remain excited about the attractive cross selling and product development opportunities going into 2007,” King said.