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Photronics Inc reports developments in photomask manufacturing for integrated circuits and flat panel displays. The company produces high-precision quartz or glass photomasks used to transfer circuit patterns onto semiconductor wafers and display substrates, with manufacturing facilities in Asia, Europe, and North America.
Recurring updates include fiscal earnings releases, conference-call schedules, business-condition and industry-outlook commentary, investments in advanced display photomask capabilities such as AMOLED mask writing, and governance changes involving executive officers and the board of directors.
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.