Diodes Inc. (Westlake Village, CA), a manufacturer and supplier of discrete semiconductors, reported financial results for the fourth quarter and fiscal year 2003 ended December 31, 2003. For the full year 2003, the company earned $10.1 million, or $0.70 per share, as revenues grew 18.2 percent to a record $136.9 million, as compared to net income of $5.8 million, or $0.44 per share, on revenues of $115.8 million for 2002.
Revenues for the fourth quarter of 2003 were a record $39.2 million, a sequential increase of 12.2 percent from the third quarter of 2003, and an increase of 36.8 percent from the fourth quarter of 2002. Net income for the quarter increased 52 percent to $3.4 million, compared to $2.3 million for the three months ended December 31, 2002, and rose 34.1 percent sequentially. Diluted earnings per share were $0.23 for the fourth quarter of 2003, as compared to $0.17 for the same period last year.
