secwatch.observer — SEC 8-K summary
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Issuer:     PHOTRONICS INC (PLAB)
CIK:        0000810136
Form:       8-K
Filed at:   2022-12-13T23:59:59+00:00
Accession:  0001140361-22-045331
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810136/000114036122045331/0001140361-22-045331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810136/000114036122045331/brhc10045360_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-045331

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