Photronics Q2 revenue $229.3M (record), GAAP EPS $0.65, non-GAAP $0.54; Q3 guidance $224-234M

PHOTRONICS INC

2023-Q2 EPS reported $0.88 revenue$440,397,000

Revenue $229.3M, up 9% sequentially and 12% YoY; IC revenue $167.1M (+15% YoY), FPD $62.3M (+6% YoY).
GAAP net income $39.9M ($0.65 diluted EPS) vs $14.0M ($0.23) in Q1 and $27.4M ($0.45) in Q2 2022.
Non-GAAP net income $32.9M ($0.54 diluted EPS) vs $24.4M ($0.40) in Q1 and $23.1M ($0.38) in Q2 2022.
Cash from operations $82M; capex $27M; cash $367.5M, debt $28M; net cash $339.1M.
Q3 FY2023 guidance: revenue $224-234M, non-GAAP EPS $0.48-0.54 per diluted share.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PHOTRONICS INC reported second quarter of fiscal year 2023 ended April 30, 2023 results: revenue $229.3 million, net income $39.9 million ($0.65 per diluted share), EPS $0.65 per diluted share. Guidance initiated.

Period: second quarter of fiscal year 2023 ended April 30, 2023
Revenue: $229.3 million
Net income: $39.9 million ($0.65 per diluted share)
EPS: $0.65 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

our long-term financial goals. I am confident that our team will continue to perform well to create value for our shareholders.” Second Quarter Fiscal 2023 Results • Revenue was $229.3 million up 9% sequentially and 12% year-over-year • GAAP net income attributable to Photronics, Inc. shareholders was $39.9 million ($0.65 per diluted share), compared with $14.0 million

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Source: SEC EDGAR

accession 0001140361-23-026351

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