Photronics reports record FY2022 revenue of $824.5M; Q4 EPS $0.60; Q1 guidance $0.40-0.48

PHOTRONICS INC

2022-FY EPS reported $1.94 revenue$824,549,000

Full year revenue $824.5M (+24% YoY), net income $118.8M ($1.94 diluted EPS) vs $55.4M ($0.89) in 2021.
Q4 revenue $210.3M (-4% seq, +16% YoY), net income $37.1M ($0.60 diluted) vs $31.2M ($0.51) in Q3 2022.
IC revenue $156.2M (-3% seq); FPD revenue $54.1M (-8% seq); management cites soft high-end logic and FPD demand.
Q1 2023 guidance: revenue $203-213M, diluted EPS $0.40-0.48; cash from ops $275M in FY2022; debt reduced significantly.
Record revenue for fifth consecutive year; cash and short-term investments $359M; capex of $112M invested in growth.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PHOTRONICS INC reported first quarter of 2023 results: revenue between $203 million and $213 million, net income between $0.40 and $0.48 per diluted share. Guidance initiated.

Period: first quarter of 2023
Revenue: between $203 million and $213 million
Net income: between $0.40 and $0.48 per diluted share
Guidance: initiated
Result: guidance update

Exact text from the filing

For the first quarter of 2023, Photronics expects revenue to be between $203 million and $213 million and net income attributable to Photronics, Inc. shareholders to be between $0.40 and $0.48 per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PHOTRONICS INC reported fourth quarter ended October 31, 2022 results: revenue $210.3 million, net income $37.1 million ($0.60 per diluted share).

Period: fourth quarter ended October 31, 2022
Revenue: $210.3 million
Net income: $37.1 million ($0.60 per diluted share)
Result: reported results

Exact text from the filing

to $359 million, with $275 million generated from operating activities and $112 million invested in growth through capital expenditures Fourth Quarter 2022 Results • Revenue was $210.3 million, down 4% sequentially and up 16% compared with the same period of last year • Net income attributable to Photronics, Inc. shareholders was $37.1 million ($0.60 per diluted

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PHOTRONICS INC reported fiscal 2022 full year ended October 31, 2022 results: revenue $824.5 million, net income $118.8 million ($1.94 per diluted share).

Period: fiscal 2022 full year ended October 31, 2022
Revenue: $824.5 million
Net income: $118.8 million ($1.94 per diluted share)
Result: reported results

Exact text from the filing

uncertainty. The global Photronics team performed well in 2022 and we believe we will continue to achieve our goals in 2023 and beyond.” Full Year 2022 Results • Revenue of $824.5 million was up 24% over the previous year and was the fifth consecutive year of record revenue • Net income attributable to Photronics, Inc. shareholders was $118.8 million ($1.94 per

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Source: SEC EDGAR

accession 0001140361-22-045331

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