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Photronics(PLAB) - 2025 Q1 - Quarterly Results
PLABPhotronics(PLAB)2025-02-26 13:04

Financial Performance - Revenue for Q1 Fiscal 2025 was 212.1million,down2212.1 million, down 2% year-over-year and 5% sequentially[6]. - GAAP Net income attributable to Photronics, Inc. shareholders was 42.9 million, or 0.68perdilutedshare,comparedto0.68 per diluted share, compared to 26.2 million, or 0.42perdilutedshare,inQ12024[6].−Non−GAAPNetincomeattributabletoPhotronics,Inc.shareholderswas0.42 per diluted share, in Q1 2024[6]. - Non-GAAP Net income attributable to Photronics, Inc. shareholders was 32.4 million, or 0.52perdilutedshare,comparedto0.52 per diluted share, compared to 29.9 million, or 0.48perdilutedshareinQ12024[6].−IntegratedCircuits(IC)revenuewas0.48 per diluted share in Q1 2024[6]. - Integrated Circuits (IC) revenue was 154.0 million, down 2% year-over-year and 6% sequentially[6]. - Flat Panel Display (FPD) revenue was 58.1million,down158.1 million, down 1% year-over-year and 1% sequentially[6]. Cash Flow and Investments - Cash generated from operating activities was 78.5 million, with 35.2millioninvestedinorganicgrowththroughcapitalexpenditures[6].−Cashattheendofthequarterwas35.2 million invested in organic growth through capital expenditures[6]. - Cash at the end of the quarter was 642.2 million, with total debt of 2.7million[6].FutureOutlook−ForQ2Fiscal2025,revenueisexpectedtobebetween2.7 million[6]. Future Outlook - For Q2 Fiscal 2025, revenue is expected to be between 208 million and 216million,withnon−GAAPNetincomeperdilutedshareprojectedbetween216 million, with non-GAAP Net income per diluted share projected between 0.44 and $0.50[5]. - The company remains cautious about 2025 while managing costs and optimizing product mix to deliver margins[3]. Operational Overview - Photronics operates 11 manufacturing facilities globally, strategically located in Asia, Europe, and North America[8].