Photronics(PLAB) - 2024 Q1 - Earnings Call Transcript

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 ...