Photronics reports record Q3 revenue $170.6M, EPS $0.28; guides Q4 rev up to $179M

PHOTRONICS INC

2021-Q3 EPS reported $0.57 revenue$482,473,000

Revenue $170.6M (record), up 7% sequentially and 8% YoY; IC $117.8M, FPD $52.9M.
GAAP diluted EPS $0.28; net income $17.1M (incl. $0.06 gain on asset sale).
Q4 guidance: revenue $171-179M, diluted EPS $0.21-0.29.
Q3 operating cash flow $54.9M, capex $18.8M, share repurchases $12.5M; cash $283.2M.

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