Photronics Inc Stock Price, News & Analysis

Photronics, Inc. (NASDAQ:PLAB) reported a record annual revenue of $609.7 million for 2020, an 11% increase from 2019. The fourth quarter revenue was $149.3 million, reflecting a 5% decline sequentially and 4% year-over-year. Net income for 2020 was $33.8 million ($0.52 per diluted share), while the fourth quarter net income was $6.5 million ($0.10 per diluted share). For Q1 2021, Photronics anticipates revenue between $145 million and $155 million with diluted EPS guidance of $0.07 to $0.14.

Photronics, a leader in imaging technology for the electronics industry, is hosting a virtual analyst and investor event on December 14, 2020, at 10:00 a.m. Eastern time. CEO Peter Kirlin, CTO Chris Progler, and CFO John Jordan will discuss company strategy, market opportunities, and financial targets. Attendees can ask questions during the event, which will be broadcast on the company’s website. Photronics is known for its photomasks, essential in integrated circuit and flat panel display manufacturing, and has a global presence with 11 manufacturing facilities.

Photronics, a leader in photomask technologies, will release its financial results for Q4 FY2020 on December 9, 2020, before market opening. A conference call will follow at 8:30 a.m. Eastern Time, discussing financial performance, business conditions, and market outlook. Participants can join by dialing provided numbers. Photronics has been a trusted supplier since 1969, operating 11 manufacturing facilities globally, with 1,775 employees as of Oct 31, 2019.

Photronics, Inc. reported a strong fiscal Q3 2020 performance, with revenue of $157.9 million, marking an 11% sequential increase and a 14% year-over-year rise. Net income for shareholders reached $10.8 million or $0.17 per diluted share. Notably, integrated circuit revenue grew to $108.7 million, up 12% sequentially, while flat panel display revenue hit $49.2 million, up 30% year-over-year. Looking ahead, the company anticipates Q4 revenue between $148 million and $158 million and diluted EPS between $0.12 and $0.19.

Photronics, a global leader in photomask technologies, will release its third quarter fiscal 2020 financial results on August 27, 2020, 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, with potential undisclosed insights. Photronics operates 11 manufacturing facilities across the globe and employs 1,775 people, continuing its legacy since its founding in 1969.

On July 16, 2020, Photronics (NASDAQ: PLAB) announced the appointment of Daniel Liao as an independent director on its Board, effective September 10, 2020. This addition expands the Board to seven members, including four independent directors. Liao, formerly a senior advisor at Lam Research, brings extensive experience in international operations and technology development, particularly in the semiconductor sector in Asia. His appointment is expected to enhance the company's strategic direction as it continues to invest and grow in the region.

Photronics, a leader in photomask technologies, has received the 2020 Nanya Outstanding Mask Supplier Award from Nanya Technology Corporation. CEO Peter Kirlin expressed gratitude for the recognition, highlighting a 50-year partnership with Nanya and emphasizing their commitment to supporting advancements in 10 nanometer class DRAM memory. With operations spanning Asia, Europe, and North America, Photronics has established itself as a trusted supplier in the semiconductor industry, employing 1,775 people as of October 31, 2019.

BROOKFIELD, Conn., May 28, 2020 (GLOBE NEWSWIRE) -- Photronics (Nasdaq:PLAB), a leader in photomask technologies, will present at two upcoming virtual investor conferences. The company will participate in Baird’s 2020 Global Consumer, Technology & Services Conference on June 4 at 8:30 a.m. ET, and the Stifel Nicolaus’ 2020 Cross Sector Insight Conference on June 8 at 10:00 a.m. ET. Interested investors can schedule virtual meetings through their respective conference representatives.

Photronics, Inc. (Nasdaq: PLAB) will announce its financial results for Q2 fiscal 2020 on May 27, 2020, before the market opens. A public conference call is scheduled for the same day at 8:30 a.m. Eastern time, where management will discuss financial performance and industry outlook, with a Q&A session following. Photronics, a leader in photomask technologies, serves the integrated circuit and flat panel display markets, operating 11 manufacturing facilities globally and employing 1,775 individuals as of October 31, 2019.