Diodes Incorporated (NASDAQ:DIOD) Q3 2019 Earnings Conference Call Transcript

Nov 04, 2019 • 05:00 pm ET

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Diodes Incorporated (NASDAQ:DIOD) Q3 2019 Earnings Conference Call Transcript

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Presentation
Operator
Operator

Good afternoon and welcome to Diodes Incorporated Third Quarter 2019 Financial Results Conference Call. [Operator Instructions] 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 Monday November 4 2019.

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' third quarter 2019 financial results conference call. I'm Leanne Sievers President of Shelton Group Diodes' Investor Relations firm. Joining us today from Taiwan are Diodes' President and CEO Dr. Keh-Shew Lu; Chief Financial Officer Brett Whitmire; 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 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-Q for the third quarter of 2019.

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 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 November 4 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 statements during this conference call will include discussions of certain measures in financial information and GAAP and non-GAAP terms. Included in the company's press release or definitions and reconciliations of GAAP to non-GAAP items which provide additional details. Also throughout the company's press release and management 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 90 days in the investor relations section of Diodes website at www.diode.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 achieved another quarter of record financials resulting in increased profitability and cash flow from operations. Our nine month revenue grew 5.4% over the same period last year while earning increased over 30%. This