Photronics Q3 revenue falls 6% YoY to $211M; authorizes $100M share repurchase

PHOTRONICS INC

2024-Q3 EPS reported $1.55 revenue$644,318,000

GAAP EPS $0.55 vs $0.44 in prior year; non-GAAP EPS $0.51 flat YoY.
IC revenue $155.9M (-4% YoY); FPD revenue $55.1M (-10% YoY).
Board expands share repurchase authorization to $100M from remaining $31.7M.
Q4 guidance: revenue $213M–$221M; non-GAAP EPS $0.48–$0.54.
Operating cash flow $75.1M; cash and short-term investments $606.4M; debt $20.1M.

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