BROOKFIELD, Conn., Dec. 10, 2025 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today reported financial results for its full year and fourth quarter of fiscal year 2025 ended October 31, 2025. Commenting on the fourth-quarter performance, Chairman and CEO George Macricostas said, "Photronics delivered very good results in our fiscal fourth quarter achieving record high end revenue with particular strength in the United States. We continue to ...

Core Viewpoint - Photronics, Inc. reported strong financial results for the third quarter of fiscal year 2025, with revenue, profitability, and earnings per share exceeding expectations. The company aims to enhance operational efficiency and geographic revenue diversification for sustained growth [2][4]. Financial Performance - Revenue for the third quarter was $210.4 million, a decrease of 0.3% year-over-year and sequentially [8]. - GAAP net income attributable to shareholders was $22.9 million, or $0.39 per diluted share, compared to $34.4 million, or $0.55 per diluted share, in the same quarter of 2024 [8]. - Non-GAAP net income attributable to shareholders was $29.4 million, or $0.51 per diluted share, compared to $31.9 million, or $0.51 per diluted share, in the third quarter of 2024 [8]. - Integrated Circuit (IC) revenue was $147.8 million, down 5% year-over-year and sequentially, while Flat Panel Display (FPD) revenue was $62.6 million, up 14% year-over-year and sequentially [8]. Cash Flow and Investments - Cash, cash equivalents, and short-term investments at the end of the quarter totaled $575.8 million, with $396.8 million associated with joint ventures [8]. - Cash generated from operating activities was $50.1 million, with $24.8 million invested in organic growth through capital expenditures and $20.7 million returned to shareholders via share repurchases [8]. - The Board of Directors authorized an increase of $25 million to the share repurchase program [8]. Fourth Quarter Guidance - For the fourth quarter of fiscal 2025, Photronics expects revenue to be between $201 million and $209 million, and non-GAAP net income per diluted share to be between $0.42 and $0.48 [4]. 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].