Diodes Incorporated (NASDAQ:DIOD) Q4 2015 Earnings Conference Call - Final Transcript

Feb 16, 2016 • 05:00 pm ET

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Diodes Incorporated (NASDAQ:DIOD) Q4 2015 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good afternoon and welcome to Diodes Incorporated Fourth Quarter and Full Year 2015 Financial Results Conference Call. [Operator Instructions]

I would now like to turn the call over to Leanne Sievers of Shelton Group, Investor Relations. Leanne, please go ahead.

Executive
Leanne Sievers

Good afternoon and welcome to Diodes fourth quarter and full year 2015 financial results conference call. I am Leanne Sievers, Executive Vice President of Shelton Group, Diodes Investor Relations firm. Joining us today are Diodes President and CEO, Dr. Keh-Shew Lu; Chief Financial Officer, Rick White; and Senior Vice President of Sales and Marketing, Mark King; and Director of Investor Relations, Laura Mehrl. Before I turn the call over to Dr. Lu, I would like to remind our listeners that the results announced today are preliminary, as they are subject to the company finalizing its closing procedures and customary quarterly review by the company's independent registered public accounting firm.

As such, these results are subject to revision until the company files its annual report on Form 10-K for the fiscal year 2015. In addition, management's prepared remarks contain forward-looking statements which are subject to risks and uncertainties, and management may make additional forward-looking statements in response to your questions. Therefore the company claims the protection of the Safe Harbor for forward-looking statements that is contained in the Private Securities Litigation Reform Act of 1995.

Actual results may differ from those discussed today and therefore we refer you to a more detailed discussion of the risks and uncertainties in the company's filings with the Securities and Exchange Commission; in addition, any projections as to the company's future performance to represent management's estimates as of today February 16, 2016. Diodes assume no obligation to update these projections in the future as market conditions may or may not change. Additionally, the company's press release and management's statements during the conference call will include discussions of certain measures and financial information in GAAP and non-GAAP terms.

Included in the company's press release are definitions and reconciliation of GAAP to non-GAAP items, which provide additional details. Also throughout the company's press release and management's statements during this conference call, we refer to net income attributable to common stockholders as GAAP net income. For those of you unable to listen to the entire call at this time, a recording will be available via webcast for 60 days in the Investor Relations section of Diodes website at www.diodes.com.

And now, I'll turn the call over to Diodes President and CEO, Dr. Keh-Shew Lu. Dr. Lu, please go ahead.

Executive
Keh-Shew Lu

Thank you, Leanne. Welcome, everyone, and thank you for joining us today. Diodes closed 2015 with increased market share, the achievement of our 25th consecutive year of profitability, as well as the successful completion of the Pericom Semiconductor acquisition. The market share gains we achieved were exclusive of Pericom. And we expect to continue to increase our market share in the coming year. Pericom is well-aligned with our acquisition strategy and expands our analog footprint, while also adding a strong