Diodes reports Q4 adjustedEPS $1.73, consensus $1.61

Reports Q4 revenue $496.2M, consensus $492.68M. Commenting on the results, Dr. Keh-Shew Lu, Chairman, President and Chief Executive Officer, stated, "In spite of the COVID-related lockdowns and power outages throughout the year in China as well as the global economic slowdown, we delivered 10.8% annual growth over 2021 and achieved record financial performance across all metrics. In fact, the fourth quarter represented our ninth consecutive quarter of year-over-year growth. Additionally, our earnings power and cash generation in 2022 were also significant highlights with gross margin expanding 420 basis points to 41.3%, operating margin expanding 510 basis points to 20.4%, and GAAP EPS increasing 44% to $7.20 and non-GAAP EPS growing 42% to $7.36."