Photronics Inc Stock Price, News & Analysis

Photronics, Inc. (Nasdaq: PLAB) announced the appointment of Dr. Frank Lee as President, effective immediately, succeeding Peter Kirlin, who is retiring after 14 years. Dr. Lee previously led operations in Asia and aims to capitalize on growth opportunities in the semiconductor industry. Chairman Deno Macricostas is serving as interim CEO while the board initiates a search for a new CEO. The company reaffirmed that its Q2 performance is on target, indicating a continued focus on expansion in the photomask market.

Photronics, Inc. (NASDAQ:PLAB) reported its fiscal 2022 Q1 results, showcasing a record revenue of $189.8 million, up 25% year-over-year and 5% sequentially. Net income attributable to shareholders reached $23.1 million (or $0.38 per diluted share), reflecting a 15% sequential increase in EPS and a nearly 300% year-over-year surge. Strong demand in sectors like AMOLED, high-end logic devices, and mainstream ICs continues to drive growth. For Q2 2022, revenue is projected between $188 million and $196 million.

Photronics, a leader in photomask technologies, will announce its Q1 fiscal 2022 financial results on February 23, 2022, before market opening. The company will hold a conference call at 8:30 AM Eastern Time the same day to discuss financial performance and industry outlook, with an opportunity for Q&A. Established in 1969, Photronics manufactures essential photomasks for integrated circuits and flat panel displays, employing 1,728 people across 11 factories worldwide as of October 2021.

Photronics (Nasdaq: PLAB), a leader in photomask technologies, will present at the 24th Annual Needham Virtual Growth Conference on January 14, 2022, at 9:15 a.m. Eastern Time. The presentation will be available via a live and on-demand webcast on the company’s website. Established in 1969, Photronics specializes in providing high-precision photomasks essential for the production of integrated circuits and flat panel displays. The company operates 11 manufacturing facilities across Asia, Europe, and North America, employing 1,728 people as of October 31, 2021.

Photronics, Inc. (NASDAQ:PLAB) reported record financial results for full year and Q4 2021. Revenue reached $663.8 million, marking a 9% increase from 2020. Net income for the year was $55.4 million or $0.89 per diluted share. In Q4, revenue hit $181.3 million, up 6% sequentially and 21% year-over-year, with net income at $19.8 million ($0.33 per diluted share). Integrated circuit revenue rose 10% to $460.2 million, while flat panel display revenue grew 6% to $203.6 million. Guidance for Q1 2022 expects revenue between $178 million and $186 million.

Photronics (Nasdaq:PLAB) is set to announce its fourth quarter fiscal 2021 financial results on December 8, 2021, before market opening. A public conference call will follow at 8:30 a.m. ET, where management will address inquiries about financial performance and industry outlook. This call will be accessible live on the company's website, and participants should dial in five minutes early. Founded in 1969, Photronics is a leading manufacturer of photomasks for the integrated circuit and flat panel display industries, with 11 manufacturing sites across Asia, Europe, and North America.

Photronics DNP Mask Corporation (PDMC), a subsidiary of Photronics (NASDAQ:PLAB), has received the 2021 UMC Excellent Collaboration and Partnership Award from United Microelectronics Corporation (TWSE:2303). This recognition highlights PDMC's role as UMC's preferred mask supplier over recent years. CEO Peter Kirlin emphasized the significance of photomasks in the semiconductor supply chain and expressed optimism for their ongoing partnership as UMC expands its wafer fabrication capacity, aiming to grow its global market share.

Photronics, Inc. reported a record revenue of $170.6 million for Q3 2021, reflecting a 7% sequential increase and an 8% year-over-year growth. The net income attributable to shareholders reached $17.1 million, or $0.28 per diluted share, boosted by a one-time gain of $3.5 million. Key revenue drivers included IC revenue at $117.8 million and FPD revenue at $52.9 million. Looking forward, the company anticipates Q4 revenue between $171 and $179 million and EPS between $0.21 and $0.29.

Photronics, Inc. (Nasdaq:PLAB) will announce its financial results for Q3 fiscal 2021 on August 25, 2021, before market opening. A public conference call is scheduled for the same day at 8:30 a.m. ET, where management will address financial performance and industry outlook. The call will be accessible via their website, and participants can join the Q&A by calling designated numbers. Established in 1969, Photronics specializes in photomasks necessary for integrated circuits and flat panel displays, operating 11 manufacturing facilities globally.