secwatch.observer — SEC 8-K summary
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Issuer:     PHOTRONICS INC (PLAB)
CIK:        0000810136
Form:       8-K
Filed at:   2023-05-24T23:59:59+00:00
Accession:  0001140361-23-026351
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810136/000114036123026351/0001140361-23-026351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810136/000114036123026351/brhc20053410_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-026351

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