secwatch.observer — SEC 8-K summary
======================================

Issuer:     PHOTRONICS INC (PLAB)
CIK:        0000810136
Form:       8-K
Filed at:   2024-05-22T23:59:59+00:00
Accession:  0001140361-24-027114
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Photronics Q2 revenue $217M (-5% YoY); GAAP EPS $0.58; Q3 guidance $221-229M
----------------------------------------------------------------------------

- Revenue $217.0M, down 5% YoY; IC $160.9M (-4% YoY), FPD $56.1M (-10% YoY).
- GAAP net income $36.3M ($0.58 diluted EPS); Non-GAAP $28.7M ($0.46 diluted EPS).
- Taiwan earthquakes and slower post-Lunar New Year demand caused ~$3M revenue impact.
- Q3 fiscal 2024 guidance: revenue $221-229M, non-GAAP EPS $0.53-0.59 per diluted share.
- Cash from operations $76.5M; cash balance $539.2M, debt $21.8M, net cash $517.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810136/000114036124027114/0001140361-24-027114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810136/000114036124027114/ef20029616_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-027114

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