Power Integrations today announced financial results for the quarter and year ended December 31, 2019. Net revenues for the fourth quarter were $114.5 million, flat compared to the prior quarter and 23 percent from the fourth quarter of 2018. Net income was $158.3 million or $5.28 per diluted share, compared to $0.57 per share in the prior quarter and $0.77 in the fourth quarter of 2018. Cash flow from operations was $182.2 million for the fourth quarter.
Power Integrations will release its fourth-quarter and full-year financial results after market hours on Thursday, January 30, 2020. The company will conduct a conference call that day beginning at 1:30 p.m. Pacific time. Members of the investment community can join the call by dialing 1-647-689-4187. Live and archived audio webcast of the conference call will be available on the company’s website at investors.power.com
The U.S. Environmental Protection Agency (EPA) and Department of Energy held a webinar to propose recognition criteria across product categories for the ENERGY STAR Most Efficient 2020. As an extension of the ENERGY STAR brand, the Most Efficient label recognizes the most efficient products among those qualifying for ENERGY STAR in a given year. The Most Efficient label helps to guide environmentally conscious early adopters toward the most energy efficient products, spanning 14 product categories and 2811 models.