secwatch.observer — SEC 8-K summary
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Issuer:     PHOTRONICS INC (PLAB)
CIK:        0000810136
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001140361-23-007732
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Photronics Q1 revenue $211.1M (+11% YoY); GAAP EPS $0.23, non-GAAP $0.40; Q2 guidance $205-215M
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- GAAP net income $14.0M ($0.23 diluted EPS) vs $37.1M ($0.60) in Q4 2022; non-GAAP net income $24.4M ($0.40) vs $31.2M ($0.51).
- IC revenue $156.6M (+21% YoY); FPD revenue $54.5M (-9% YoY); total revenue up 0.4% sequentially.
- Q2 2023 guidance: revenue $205-215M, diluted EPS $0.38-0.48.
- Operating cash flow $27.7M; capex $31.1M; free cash flow negative $2.4M.
- Non-operating loss of $14.4M driven by FX; GAAP EPS impacted by $0.17 per share from FX adjustments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810136/000114036123007732/0001140361-23-007732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810136/000114036123007732/brhc10048518_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-007732

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer