Welcome to our dedicated page for Photronics news (Ticker: PLAB), a resource for investors and traders seeking the latest updates and insights on Photronics stock.
Photronics Inc. (symbol: PLAB) is a leading industry player in the design, development, and production of reticles and photomasks for semiconductor and microelectronic applications. Established in Connecticut in 1969, the company has grown from its humble beginnings to become a publicly-held corporation in 1987 and now operates an extensive network of nine manufacturing facilities worldwide.
Photronics specializes in manufacturing photomasks, which are critical components in the production of integrated circuits and flat-panel displays. These photomasks are photographic quartz plates featuring microscopic images of electronic circuits. The core business of Photronics lies in the production of these photomasks, with a significant portion of the company's revenue coming from integrated circuits products, while the rest is derived from flat-panel display products.
The company's operations are strategically located across the globe, with significant assets in Taiwan, Korea, and the United States. Photronics generates revenue from various regions, including the United States, Europe, Taiwan, Korea, China, and other parts of Asia. Taiwan stands out as a major revenue contributor for the company.
Photronics continues to innovate and lead the market by maintaining robust partnerships, delivering cutting-edge products, and embarking on various projects to enhance its technological capabilities. The company's latest endeavors include forward-looking projects aimed at expanding its technological impact and market reach.
For the most recent updates and further information, you can reach out to John P. Jordan, the Executive Vice President & CFO, at jjordan@photronics.com.
Photronics, Inc. (NASDAQ:PLAB) reported its fiscal first quarter 2023 results, achieving a revenue of $211.1 million, a 0.4% increase sequentially and an 11% increase year-over-year. Net income attributable to shareholders was $14 million ($0.23 per share), down from $37.1 million ($0.60) in the previous quarter. The company noted strong demand in its IC segment, generating $156.6 million revenue, up 21% year-over-year. However, profit margins softened due to mix and customer premiums. For Q2 2023, revenue guidance is between $205 million and $215 million, with expected net income of $0.38 to $0.48 per share.
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