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Stock impact report

Diodes Incorporated Reports Fourth Quarter and Fiscal 2023 Financial Results

Diodes Incorporated (DIOD) 
Last diodes incorporated earnings: 2/11 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.diodes.com/investor-relations
Company Research Source: Business Wire
Full Year Automotive and Industrial Product Revenue Remained Above Target Model at 46% PLANO, Texas--(BUSINESS WIRE)--Diodes Incorporated (Diodes) (Nasdaq: DIOD) today reported its financial results for the fourth quarter and year ended December 31, 2023.Year 2023 OverviewRevenue was $1.7 billion, compared to $2.0 billion in 2022;GAAP gross profit was $658.2 million, compared to $827.2 million in the prior year;GAAP gross profit margin was 39.6 percent , compared to 41.3 percent in 2022;GAAP operating income was $250.6 million, or 15.1 percent of revenue, compared to $408.2 million, or 20.4 percent of revenue, in 2022;GAAP net income was $227.2 million, compared to the $331.3 million last year;Non-GAAP adjusted net income was $222.8 million, compared to $339.0 million in 2022;GAAP EPS was $4.91 per diluted share, compared to $7.20 per diluted share in 2022;Non-GAAP EPS was $4.81 per diluted share, compared to $7.36 per diluted share in 2022;Excluding $24.4 million, net of tax, non- Show less Read more
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