Diodes announces $100M stock repurchase program

Diodes (DIOD) Incorporated announced that its board of directors has authorized the repurchase of up to an aggregate of $100M of its outstanding common stock. The share repurchase program will expire on December 31, 2030, unless extended or shortened by the board of directors. “Given our strong cash flow generation and healthy balance sheet, Diodes is in a unique position to continue investing in both organic and inorganic growth while also returning capital to stockholders through this share buyback,” commented Gary Yu, President of Diodes. “Although our business has been temporarily impacted by weaker demand in certain target end markets and there continues to be global uncertainties, we have a high level of confidence in our growth prospects and the long-term opportunities we see ahead. This buyback further reflects our ongoing commitment to delivering shareholder value and prudent capital allocation to maximize return on invested capital.”