Photronics Q3 rev $224.2M (+2% YoY), GAAP EPS $0.44, guides Q4 rev $222-232M

PHOTRONICS INC

2023-Q3 EPS reported $1.31 revenue$664,603,000

GAAP net income $27.0M ($0.44/diluted) vs $31.2M ($0.51) YoY; non-GAAP $31.6M ($0.51).
IC revenue $163.1M (+1% YoY); FPD revenue $61.1M (+4% YoY); both down ~2% sequentially.
Cash from ops $85.9M; capex $21.1M; ending cash $448.5M; total debt $26.7M.
Q4 FY2023 guidance: revenue $222M-$232M, non-GAAP EPS $0.51-$0.59.
Management cites temporary demand slowdown in some end markets; long-term outlook positive.

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 third quarter of fiscal year 2023 ended July 30, 2023 results: revenue $224.2 million, net income $27.0 million, or $0.44 per diluted share, EPS $0.44 per diluted share. Guidance initiated.

Period: third quarter of fiscal year 2023 ended July 30, 2023
Revenue: $224.2 million
Net income: $27.0 million, or $0.44 per diluted share
EPS: $0.44 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

risks. As the world’s largest merchant photomask manufacturer, we are well positioned to benefit from these ongoing trends.” Third Quarter Fiscal 2023 Results • Revenue was $224.2 million, up 2% year-over-year and down 2% sequentially • GAAP net income attributable to Photronics, Inc. shareholders was $27.0 million, or $0.44 per diluted share, compared with $31.2

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Source: SEC EDGAR

accession 0001140361-23-042837

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