Core Points - Photronics, Inc. received the Outstanding Contribution award from Visionox, highlighting its dedication to customer excellence in photomask technologies [1][2] - Visionox recognizes Photronics for its premier economic value and customer support, particularly in delivery, quality, and local service [2] Company Overview - Photronics is a leading manufacturer of integrated circuit (IC) and flat panel display (FPD) photomasks, essential for the manufacturing process of ICs and FPDs [2] - The company has been a trusted supplier for over 56 years and operates 11 manufacturing facilities strategically located in Asia, Europe, and North America [2]

Investor Presentation May 2025 PHOTRONICS, INC. Safe Harbor Statement 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/or the future performance of the industry. These statements are predictions and contain risks and uncertainties. We refer you to the risk factors in our Annual Report on Form 10-K for the fiscal year ended October 31, 2024 and other subsequent filings ...

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].

Company Overview - Photronics, Inc. (NASDAQ: PLAB) is a manufacturer of photomasks used in integrated circuits and flat panel display manufacturing across the US, Asia, and Europe [1] - The company is initiated with a Strong Buy rating and a price target of $32 [1] Investment Thesis - The Strong Buy rating is based on above-consensus expectations for the company's performance [1] - Moretus Research emphasizes a structured framework to identify companies with durable business models and mispriced cash flow potential [1] - The research focuses on underappreciated companies undergoing structural changes or temporary dislocations, which can lead to asymmetric returns [1] Research Methodology - Moretus Research combines rigorous fundamental analysis with a judgment-driven process, avoiding noise and overly complex forecasting [1] - Valuation is based on sector-relevant multiples tailored to each company's business model and capital structure, emphasizing comparability and relevance [1] - The research aims to provide professional-grade insights and actionable valuation, raising the standard for independent investment research [1]

About Photronics BROOKFIELD, Conn., May 07, 2025 (GLOBE NEWSWIRE) -- Photronics, Inc. (Nasdaq:PLAB), a worldwide leader in photomask technologies and solutions, announced today its participation in the following upcoming financial conferences: Date: Thursday, May 29 Event: TD Cowen's 53 Annual Technology, Media & Telecom Conference Location: New York, NY Presentation Time: 10:15 a.m. ET Date: Tuesday, June 10 Event: D.A. Davidson's 1 Annual Technology & Consumer Conference Location: Nashville, TN Date: Wedn ...

Industry Overview - The tech sector has faced significant challenges at the start of the year, with the Technology Select Sector SPDR Fund (XLK) declining by approximately 10% year-to-date (YTD), compared to a 5% drop in the S&P 500 [1] - Factors contributing to this downturn include tariffs, trade tensions with China, and disruptions in the supply of rare earth metals [1] Investment Opportunities - Despite the market turmoil, there are still potential investment opportunities within the tech sector, particularly in value stocks that have been disproportionately affected [3][4] - Investors are encouraged to look for companies with strong fundamentals and analyst support to assess potential recovery [4][5] Company Analysis: Hut 8 Corp. - Hut 8 Corp. has seen its stock price decrease by about 44% YTD, currently priced at $13.80, with a 12-month price forecast of $27.08, indicating a potential upside of 96.21% [6][8] - The company has a price-to-sales (P/S) ratio of 1.89 and a price-to-book (P/B) ratio of 2.24, suggesting it may be undervalued [7] - Analysts have shown optimism towards Hut 8, with all 13 ratings set at Buy and a consensus price target approximately 125% above the current share price [8] Company Analysis: Photronics Inc. - Photronics Inc. has experienced a 24% decline in share price YTD, currently at $19.22, with a 12-month price forecast of $35.00, representing an upside of 82.10% [9][10] - The company's price-to-earnings (P/E) ratio is near an all-time low at approximately 7.94, making it an attractive option for investors [10] Company Analysis: Gilat Satellite Networks - Gilat Satellite Networks has bucked the trend with a 4% increase in share price YTD, currently at $6.53, and a 12-month price forecast of $8.50, indicating a potential upside of 30.17% [11][12] - The company has a modest P/S ratio of 1.18, suggesting it may be undervalued, and has recently acquired Stellar Blu, enhancing its position in the electronically steered antenna (ESA) market [12][13]

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Photronics, Inc. (NASDAQ:PLAB) Q1 2025 Earnings Conference Call February 26, 2025 8:30 AM ET Company Participants Ted Moreau - Vice President of Investor Relations Frank Lee - Chief Executive Officer Eric Rivera - Chief Financial Officer Chris Progler - Chief Technology Officer Conference Call Participants Thomas Diffely - D.A. Davidson Gowshi Sriharan - Singular Research Operator And hello, and welcome to Photronics fiscal first quarter 2025 financial results conference call. At this time, all participants ...

Photronics (PLAB) Q1 2025 Earnings Call February 26, 2025 08:30 AM ET Company Participants Ted Moreau - VP - Investor RelationsFrank Lee - Chief Executive OfficerEric Rivera - CFOTom Diffely - Director Of Institutional ResearchChristopher Progler - Executive Vice President, Chief Technology Officer, Strategic Planning Conference Call Participants Gowshi Sriharan - Analyst Operator Hello, and welcome to Photronics' Fiscal First Quarter twenty twenty five Financial Results Conference Call. At this time, all p ...