Diodes Incorporated (NASDAQ:DIOD) Q4 2018 Earnings Conference Call Transcript

Feb 13, 2019 • 05:00 pm ET


Diodes Incorporated (NASDAQ:DIOD) Q4 2018 Earnings Conference Call Transcript


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Good afternoon and welcome to Diodes Incorporated's Fourth Quarter and Full Year 2018 Financial Results Conference Call. At this time, all participants are in a listen-only mode. At the conclusion of today's conference call, instructions will be given for the question-and-answer session. (Operator Instructions) As a reminder, this conference call is being recorded today, Wednesday, February 13, 2019. I would now like to turn the call over to Leanne Sievers of Shelton Group Investor Relations. Leanne, please go ahead.

Leanne K. Sievers

Good afternoon and welcome to Diodes' Fourth Quarter and Full Year 2018 Financial Results Conference Call. I'm Leanne Sievers, 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; Vice President of Worldwide Sales and Marketing, Emily Yang; and Director of Investor Relations, Laura Mehrl. Before I turn the call over to Dr. Lu, I'd like to remind our listeners that the results announced today are preliminary, as they are subject to the Company finalizing the closing procedures and customary quarterly and year-end review by the Company's independent registered public accounting firm. As such these results are unaudited and subject to revision until the Company files its Form 10-K for the fiscal year 2018. 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 more detailed discussion of the risks and uncertainties in the Company's filings with the Securities and Exchange Commission, including Forms 10-K and 10-Q. In addition, any projections as to the Company's future performance, represent management's estimates as of today, February 13, 2019. Diodes assumes no obligation to update these projections in the future as market conditions may or may not change, except to the extent required by applicable law.

Additionally, the Company's press release and management's statements during this conference call will include discussions of certain measures and financial information, and GAAP and non-GAAP terms. Included in the company's press release are definitions and reconciliations of GAAP to GAAP items, which provide additional details. Also throughout the Company's press release and management statements during this conference call, we will 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 90 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.

Keh-Shew Lu

Thank you, Leanne. Welcome everyone and thank you for joining us today. I'm pleased to report that 2018 represented the best performing year in Diodes' history with the achievement of record financials, 15%