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Photronics to Participate in Upcoming Investor Events
Globenewswire· 2025-08-12 16:01
BROOKFIELD, Conn., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Photronics, Inc. (Nasdaq:PLAB), a worldwide leader in photomask technologies and solutions, today announced its participation in the following upcoming investor conferences: Date: Wednesday, August 13th Event: Oppenheimer’s 28th Annual Technology, Internet, & Communications ConferenceLocation: Virtual Date: Thursday, September 4thEvent: TD Cowen’s 53rd Technology Growth Cap SummitLocation: New York, NY Date: Wednesday, September 10th Event: Singular Resea ...
Photronics Reports Second Quarter Fiscal 2025 Results and Announces CEO Transition
GlobeNewswire News Room· 2025-05-28 11:00
Core Viewpoint - Photronics, Inc. reported its second-quarter fiscal 2025 financial results, revealing a decline in revenue and net income, while announcing a leadership transition with Dr. Frank Lee stepping down as CEO and Mr. George Macricostas taking over the role [1][2][8]. Financial Performance - Revenue for the second quarter was $211.0 million, a decrease of 3% year-over-year and 1% sequentially [8]. - GAAP net income attributable to Photronics, Inc. shareholders was $8.9 million, or $0.15 per diluted share, compared to $36.3 million, or $0.58 per diluted share, in the second quarter of 2024 [8]. - Non-GAAP net income attributable to Photronics, Inc. shareholders was $24.3 million, or $0.40 per diluted share, down from $28.7 million, or $0.46 per diluted share, in the same quarter last year [8][19]. - Integrated Circuit (IC) revenue was $155.9 million, down 3% year-over-year but up 1% sequentially [8]. - Flat Panel Display (FPD) revenue was $55.1 million, down 2% year-over-year and 5% sequentially [8]. Cash Flow and Shareholder Returns - Cash generated from operating activities was $31.5 million, with $60.5 million invested in organic growth through capital expenditures [8]. - The company returned $72 million to shareholders through stock repurchases during the quarter [2][8]. - Cash, cash equivalents, and short-term investments at the end of the quarter totaled $558.4 million [8]. Guidance for Future Performance - For the third quarter of fiscal 2025, Photronics expects revenue to be between $200 million and $208 million, with non-GAAP net income attributable to shareholders projected to be between $0.35 and $0.41 per diluted share [4]. Leadership Transition - Dr. Frank Lee will continue to manage the company's Asia operations and remain Chairman and President of Photronics' PDMC subsidiary in Taiwan [1][2]. - Mr. George Macricostas has assumed the role of Chief Executive Officer while remaining Chairman of the Board [1][2]. Company Overview - Photronics is a leading manufacturer of photomasks for integrated circuits and flat panel displays, operating 11 manufacturing facilities across Asia, Europe, and North America [6].
Photronics Announces Upcoming Investor Events
Globenewswire· 2025-05-07 20:00
Group 1 - Photronics, Inc. announced its participation in several upcoming financial conferences, including TD Cowen's 53rd Annual Technology, Media & Telecom Conference on May 29, D.A. Davidson's 1st Annual Technology & Consumer Conference on June 10, Three Part Advisors East Coast IDEAS Conference on June 11, and Singular Research Investor Conference on June 18 [1] - The company is a leading worldwide manufacturer of integrated circuit (IC) and flat panel display (FPD) photomasks, which are essential in the manufacturing process of ICs and FPDs [2] - Photronics has been a trusted photomask supplier for over 55 years and operates 11 strategically located manufacturing facilities across Asia, Europe, and North America [2]