Photronics Inc Stock Price, News & Analysis

Photronics (Nasdaq: PLAB) has appointed George Macricostas as Executive Chairman, effective January 6, 2025. Macricostas, a board member since 2002, brings over 30 years of technical and management experience. He previously served on the Nomination and Cybersecurity committees and as Chairman of the Compensation Committee.

David Garcia will succeed Macricostas in his committee roles. Following this appointment, both George Macricostas and Constantine ("Deno") Macricostas will no longer be considered independent directors, leaving the board with six independent directors out of nine total members.

George Macricostas was previously a Founder, Chairman, and CEO of RagingWire Data Centers, which was sold to NTT of Japan in two stages (2014 and 2018). He also served as senior vice president at Photronics, overseeing IT infrastructure.

Photronics (Nasdaq:PLAB), a worldwide leader in photomask technologies and solutions, has announced its participation in the 27th Annual Needham Growth Conference. The presentation is scheduled for Tuesday, January 14, 2025, at 4:30 p.m. Eastern Time at the Lotte NY Palace hotel in New York City.

The company's CFO Eric Rivera and IR representative Ted Moreau will be presenting. Investors can access a live and on-demand webcast of the presentation through the "Investors" section of the Photronics website at www.photronics.com.

Photronics (PLAB) has appointed David Garcia to its Board of Directors on December 12, 2024, expanding the board to nine members, with seven being independent. Garcia, a strategic advisor with approximately 30 years of legal experience at firms including Holland & Hart, Wilson Sonsini Goodrich & Rosati, and Venture Law Group, brings extensive expertise in mergers & acquisitions, venture capital financing, and securities offerings. His background includes counseling public and private companies on corporate governance and structuring technology-related transactions. Chairman Constantine Macricostas highlighted Garcia's experience as valuable for evaluating business development opportunities.

Photronics (Nasdaq: PLAB), a worldwide leader in photomask technologies and solutions, announced its participation in the 13th Annual NYC Summit investor conference. The event will take place on December 17, 2024, at Mastro's Steakhouse in New York City. The company's management team, including CFO Eric Rivera, CTO Christopher Progler, and IR Ted Moreau, will host small group investor meetings. The NYC Summit is an invitation-only event exclusively for accredited investors and publishing research analysts.

Photronics (NASDAQ:PLAB) reported its fiscal 2024 results, with annual revenue of $866.9 million, down 3% year-over-year. GAAP net income reached $130.7 million ($2.09 per diluted share), up from $125.5 million in 2023. Fourth quarter revenue was $222.6 million, showing a 6% sequential increase but 2% year-over-year decline.

The company's IC revenue totaled $638.1 million (down 2%) and FPD revenue was $228.8 million (down 5%) for the full year. Cash generation from operations was strong at $261.4 million, with $130.9 million invested in capital expenditures. The company maintains a strong financial position with $640.7 million in cash and short-term investments and only $18.0 million in debt.

For Q1 2025, Photronics expects revenue between $208-216 million with non-GAAP EPS of $0.43-0.49.

Photronics (Nasdaq: PLAB), a worldwide leader in photomask technologies, will announce its fourth quarter fiscal 2024 financial results on Wednesday, December 11, 2024, before market opens. The company will host a public conference call at 8:30 a.m. Eastern time, where management will address questions about financial performance, business conditions, and industry outlook. The call will be available live and on-demand through the Events and Presentations section of Photronics' website.

Photronics (Nasdaq:PLAB) has appointed Christopher J. Lutzo as Vice President, General Counsel and Corporate Secretary. Lutzo, who joins the company's executive leadership team, will oversee all legal functions, global operations support, corporate governance, compliance, and risk management programs. He brings over 15 years of experience in commercial, transactional, corporate, securities, and compliance practices. Prior to joining Photronics, Lutzo worked at Crane Company and holds a Juris Doctor from Quinnipiac University.

Photronics, Inc. (NASDAQ:PLAB) reported its Q3 fiscal 2024 results. Revenue decreased 6% year-over-year to $211.0 million. GAAP Net income was $34.4 million, or $0.55 per diluted share. Non-GAAP Net income was $32.0 million, or $0.51 per diluted share. IC revenue fell 4% to $155.9 million, while FPD revenue dropped 10% to $55.1 million. The company generated $75.1 million in operating cash flow and invested $24.4 million in capital expenditures. Photronics ended the quarter with $606.4 million in cash and short-term investments. The Board authorized an increase in the share repurchase program to $100 million. For Q4 fiscal 2024, the company expects revenue between $213 million and $221 million and non-GAAP EPS between $0.48 and $0.54.

Photronics (Nasdaq: PLAB), a global leader in photomask technologies, has announced it will release its third quarter fiscal 2024 financial results on Thursday, August 29, 2024, before the market opens. The company will host a public conference call at 8:30 a.m. Eastern time on the same day to discuss the results and respond to questions about financial performance, business conditions, and industry outlook.

Management may disclose previously unreleased information during the Q&A session. The call will be broadcast live and on-demand via the company's website. Analysts and investors can participate in the Q&A portion by registering through a provided link, preferably 15 minutes before the call's start time.