Photronics Q4 FY2023 revenue $227.5M (+8% YoY); full-year record $892.1M, sixth consecutive record

PHOTRONICS INC

2023-FY EPS reported $2.03 revenue$892,076,000

Q4 GAAP EPS $0.72, non-GAAP EPS $0.60; full-year GAAP EPS $2.03, non-GAAP $2.04.
IC revenue $164.5M (+5% YoY); FPD record $63.0M (+17% YoY) driving growth.
Q4 operating margin 28.5%; cash from operations $106.6M; free cash flow $170.9M for FY.
Q1 FY2024 guidance: revenue $217M-$225M, non-GAAP EPS $0.45-$0.53.
Cash and equivalents $499.3M, net cash $474.7M; debt $24.6M.

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 0.95

PHOTRONICS INC reported full year and fourth quarter of fiscal year 2023 ended October 31, 2023 results: revenue $892.1 million, net income $125.5 million, EPS $2.03 per diluted share. Guidance initiated.

Period: full year and fourth quarter of fiscal year 2023 ended October 31, 2023
Revenue: $892.1 million
Net income: $125.5 million
EPS: $2.03 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

I am proud of our team’s performance and look forward to even greater achievements as we execute our strategy in the year to come.” Full Year Fiscal 2023 Results • Revenue was $892.1 million, up 8% over the previous year – the sixth consecutive year of record revenue • GAAP net income attributable to Photronics, Inc. shareholders was $125.5 million, or $2.03 per

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Source: SEC EDGAR

accession 0001140361-23-057413

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