other material
confidence medium
sentiment negative
materiality 0.40
Photronics Korea subsidiary loses power; Q4 financial impact expected, already in guidance
PHOTRONICS INC
- Power outage at Cheonan, Korea facility on August 15, 2022.
- Power restored within one day, but facility not fully operational for nearly two weeks.
- Facility fully operational as of August 31, 2022.
- Financial impact on Q4 expected and factored into prior Q4 guidance.