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, a leader in photomask technologies, will announce its financial results for Q1 fiscal 2023 on February 22, 2023, before the market opens. A public conference call will follow at 8:30 a.m. ET, where management will discuss the company's financial performance, business conditions, and industry outlook. The call will be available live and on-demand on their website. Photronics manufactures integrated circuit and flat panel display photomasks, critical in the manufacturing process, and employs 1,828 individuals across 11 global facilities.
Photronics, Inc. (NASDAQ:PLAB) reported its fiscal 2022 results, achieving record revenue for the fifth consecutive year at $824.5 million, a 24% increase from the previous year. Net income rose to $118.8 million ($1.94 per diluted share). Despite challenges in the integrated circuit (IC) and flat panel display (FPD) sectors, IC revenue grew 29% to $593 million. The company generated $79 million in cash from operations, with plans for continued investments in growth. For Q1 2023, revenue guidance is between $203 million and $213 million.
Photronics, Inc. (Nasdaq:PLAB) will announce its fourth quarter financial results for fiscal 2022 on December 13, 2022, before the market opens. A public conference call is scheduled for the same day at 8:30 a.m. Eastern time, where management will discuss financial performance, business conditions, and industry outlook. This call will provide potentially undisclosed information, and interested analysts and investors are encouraged to register in advance.
Founded in 1969, Photronics is a leading manufacturer of photomasks used in integrated circuit and flat panel display production.
Photronics, Inc. (NASDAQ:PLAB) reported strong financial results for Q3 2022, achieving $219.9 million in revenue, an 8% sequential increase and a 29% year-over-year growth. Net income rose to $31.2 million ($0.51 per diluted share), up from $27.4 million in Q2 2022 and $17.1 million in Q3 2021. Integrated circuit revenue reached $161.3 million, an 11% sequential increase, while flat panel display revenue was $58.7 million. The company expects Q4 2022 revenue between $205 million and $215 million, with net income projected between $0.44 and $0.52 per diluted share.
Photronics, Inc. (Nasdaq: PLAB) will release its third-quarter fiscal 2022 financial results on August 30, 2022, before market opening. This announcement will be followed by a public conference call at 8:30 a.m. Eastern time to discuss the company's performance, business conditions, and industry outlook. Photronics, a leading manufacturer of photomasks for integrated circuits and flat panel displays, operates 11 facilities globally and has been a trusted supplier since its founding in 1969.
Photronics, Inc. (NASDAQ:PLAB) reported strong fiscal Q2 results for 2022, achieving record revenue of $204.5 million, an increase of 28% year-over-year. Net income soared to $29.8 million ($0.49 per share), a 29% rise from Q1 2022. Integrated circuit revenue reached $145.8 million, growing 12% sequentially, while flat panel display revenue was $58.7 million, reflecting a 23% year-over-year increase. For Q3 2022, Photronics anticipates revenue between $205 million and $215 million, with earnings per share projected at $0.45 to $0.55.
Photronics, a global leader in photomask technologies, will announce its second-quarter fiscal 2022 financial results on May 25, 2022, before market opening. The company will host a conference call at 8:30 AM ET on the same day to discuss financial performance, business conditions, and industry outlook, with live streaming available on its website. Photronics, founded in 1969, manufactures photomasks crucial for integrated circuit and flat panel display production, operating 11 facilities across Asia, Europe, and North America, employing 1,728 people as of October 31, 2021.
Photronics, Inc. (Nasdaq: PLAB) has announced Dr. Frank Lee as its new Chief Executive Officer, effective immediately. Lee, appointed President in March 2022, previously held leadership roles at major tech companies. He will also join the Board of Directors as part of a strategy aimed at advancing the company's global growth, particularly in Asia. Additionally, Adam Lewis has been appointed as an independent director, bringing over 20 years of financial advisory experience. The changes are expected to enhance Photronics' strategic growth plans in the photomask industry.
Photronics, Inc. (Nasdaq: PLAB) announced the appointment of Dr. Frank Lee as President, effective immediately, succeeding Peter Kirlin, who is retiring after 14 years. Dr. Lee previously led operations in Asia and aims to capitalize on growth opportunities in the semiconductor industry. Chairman Deno Macricostas is serving as interim CEO while the board initiates a search for a new CEO. The company reaffirmed that its Q2 performance is on target, indicating a continued focus on expansion in the photomask market.
Photronics, Inc. (NASDAQ:PLAB) reported its fiscal 2022 Q1 results, showcasing a record revenue of $189.8 million, up 25% year-over-year and 5% sequentially. Net income attributable to shareholders reached $23.1 million (or $0.38 per diluted share), reflecting a 15% sequential increase in EPS and a nearly 300% year-over-year surge. Strong demand in sectors like AMOLED, high-end logic devices, and mainstream ICs continues to drive growth. For Q2 2022, revenue is projected between $188 million and $196 million.
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