Photronics Inc Stock Price, News & Analysis

Photronics, Inc. (NASDAQ:PLAB) reported a record revenue of $159.8 million for Q2 2021, marking a 5% increase sequentially and a 12% rise year-over-year. Net income attributable to shareholders was $10.5 million, or $0.17 per diluted share. The company anticipates Q3 revenue between $162 million and $172 million, with diluted EPS projected between $0.19 and $0.25. This growth reflects strong demand for integrated circuits and flat panel displays, alongside expanding gross and operating margins of 24.6% and 13.0%, respectively.

Photronics (Nasdaq:PLAB) plans to announce its second-quarter fiscal 2021 financial results on May 26, 2021, before the market opens. A public conference call will follow at 8:30 a.m. Eastern Time, where management will discuss financial performance, business conditions, and industry outlook. The call will be accessible on the company’s website, with participation details for analysts and investors provided. Established in 1969, Photronics specializes in manufacturing photomasks essential for integrated circuit and flat panel display production, operating 11 facilities globally.

Photronics, Inc. reported first-quarter fiscal 2021 revenue of $152.1 million, rising 2% sequentially but declining 5% year-over-year. Net income was $8.0 million, or $0.13 per diluted share, compared to $6.5 million in the previous quarter and $10.3 million a year ago. The company anticipates second-quarter revenue guidance between $153 million and $162 million, with diluted EPS ranging from $0.14 to $0.20. CEO Peter Kirlin noted strong demand for mobile displays and a positive outlook for mask demand in 2021.

Photronics, Inc. (Nasdaq:PLAB) is set to release its first quarter fiscal 2021 financial results on February 24, 2021, before market opening. A public conference call will follow at 8:30 a.m. ET, where management will discuss financial performance and industry conditions. The call will be available for live and on-demand listening on the company's website. Photronics specializes in photomask technologies for integrated circuits and flat panel displays, with a global workforce of 1,728 employees across 11 manufacturing facilities.

Photronics, a global leader in photomask technologies, will present at the 23rd Annual Needham Virtual Growth Conference on January 15, 2021, at 1:15 p.m. Eastern Time. Investors can access a live and on-demand webcast of the presentation on their website. Founded in 1969, Photronics specializes in manufacturing photomasks essential for integrated circuits and flat panel displays. The company operates 11 manufacturing facilities globally and employed 1,728 people as of October 31, 2020. For more details, visit www.photronics.com.

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.