Diodes Inc. Q2 2024 Financial Results – Revenue Up 6.3%

By Tamara Parker • Tuesday, August 13 06:02 • Permanent Link

Diodes Incorporated announced its financial results for the second quarter of 2024. The company reported revenue of $425.8 million, reflecting an increase of 6.3% from the previous quarter. Gross profit margin was reported at 35.7% compared to 35.2% in the previous quarter. Operating expenses were $107.3 million, indicating an increase of 8.2% from the last quarter. Net income was $31.6 million, up by 5.3% from the previous quarter. Diluted earnings per share stood at $0.64, showing an increase of 6.7% from the previous quarter. The company reported cash flow from operations at $48.5 million, compared to $46.1 million in the previous quarter. Additionally, free cash flow was $24.6 million, up by 10.8% from the previous quarter. Today the company's shares have moved -1.6% to a price of $63.67. For more information, read the company's full 8-K submission here.

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