BROOKFIELD, Conn., May 28, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today announced that Eric Rivera, has been promoted to chief financial officer, effective immediately. Eric previously held the role of interim CFO since February 2024 and served as chief accounting officer since 2020. For Further Information: "I am pleased to have Eric join our leadership team in this important role as we work together to continue growing profitabl ...

BROOKFIELD, Conn., May 28, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today announced that Eric Rivera, has been promoted to chief financial officer, effective immediately. Eric previously held the role of interim CFO since February 2024 and served as chief accounting officer since 2020. "I am pleased to have Eric join our leadership team in this important role as we work together to continue growing profitably and creating shareholde ...

Photronics (PLAB) reported second-quarter fiscal 2024 non-GAAP earnings of 46 cents per share, missing the Zacks Consensus Estimate by 16.36% and decreasing 14.8% year over year. Revenues of $217 million inched down 5% year over year and up 0.3% sequentially. The year-over-year decline was caused by the impact of the Taiwan earthquake and the Chinese New Year holiday. The earthquake also resulted in a sales decline of approximately $3 million due to production downtime and losses in inventory across the IC ...

Conference Call Participants At this time, all participants are in a listen-only mode. After the speakersâ presentation, there will be a question and answer session. To ask a question during that session, you will need to press star-one-one on your phone. You will then hear an automated message advising your hand is raised. Thank you Lydia. Good morning everyone. Welcome to our review of Photronics fiscal 2024 second quarter results. Joining me this morning are Frank Lee, our Chief Executive Officer, Chris ...

Safe Harbor Statement | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | Q2 2024 Financial | | | | | | | | | Results Conference Call | | | | | | | | | May 22, 2024 | | | | | | | | PHOTRONICS, INC. 2 This presentation and some of our comments during this presentation may contain projections or other forward-looking statements regarding future events, our future financial performance, and/o ...

Exhibit 99.2 (in thousands, except per share amounts) PHOTRONICS, INC. Condensed Consolidated Statements of Income | | | April 28, | | Three Months Ended January 28, | | April 30, | | April 28, | Six Months Ended | April 30, | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2024 | | 2024 | | 2023 | | 2024 | | 2023 | | Revenue | $ | 217,000 | $ | 216,334 | $ | 229,306 | $ | 433,334 | $ | 440,397 | | Cost of goods sold | | 137,749 | | 137,079 | | 140,904 | | 274,828 | | 275,918 | | G ...

BROOKFIELD, Conn., May 22, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today reported financial results for its second quarter of fiscal year 2024 ended April 28, 2024. "Second quarter revenue and gross margin were in line with the first quarter as positive seasonality trends were offset by business headwinds primarily related to temporary soft demand following the Chinese New Year holiday and the impact from earthquakes in Taiwan begi ...

Photronics (PLAB) is set to report its second-quarter fiscal 2024 results on May 22.For the to-be-reported quarter, PLAB expects revenues between $226 million and $236 million. Non-GAAP earnings are expected to be between 50 cents and 58 cents.The Zacks Consensus Estimate for earnings is pegged at 55 cents, unchanged in the past 30 days and indicating 1.85% year-over-year growth.The company’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing the same on two occasi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 28, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Registrant's telephone number, including area code (203) 775-9000 Securities registered pursuant to Section 12(b) of the Act: | | | Name of eac ...

Great. Well, thank all three of you for your time today. And John, once again, congratulations. John Jordan Yes. So as we've discussed, over the last several years, Tom, for every major capital investment we get, we have -- first of all, we have an investment analysis that supports at least our threshold IRR. And we drill down on the revenue line and those analyses to make sure that the revenues are just not numbers on an Excel spreadsheet. They're supported by either customer commitments or pretty good ass ...