Highest-materiality recent filing
Photronics Q2 FY2026 revenue $209.9M (-0.5% YoY); GAAP EPS $0.54 vs $0.15; Q3 guidance $207-215M
GAAP net income $31.4M ($0.54 diluted EPS) vs $8.9M ($0.15) YoY; non-GAAP EPS $0.42 vs $0.40.
Shareholders elected eight directors: Michelle Almeida, David A. Garcia, Dr. Frank Lee, Adam Lewis, Daniel Liao, Constantine S. Macricostas, George C. Macricostas, and Mitchell G. Tyson.
Photronics Q1 FY2026 revenue $225.1M (+6.1% YoY); non-GAAP EPS $0.61 vs $0.52 YoY
GAAP net income $42.9M ($0.74 diluted EPS); non-GAAP net income $35.7M ($0.61 diluted EPS).
Eric Rivera appointed President effective Jan 12, 2026; continues as CFO and principal financial officer.
Photronics appoints Michelle Almeida to Board, expanding from 8 to 9 members
Board expanded from 8 to 9 members; Almeida appointed independent director effective Jan 1, 2026.
Photronics CTO Dr. Christopher Progler steps down effective Dec 29; considering advisory role
Dr. Progler entitled to $445,805 severance (12 months base salary) plus 360 days medical/dental coverage.
Photronics reports FY2025 revenue $849.3M (-2% YoY); GAAP EPS $2.28 vs $2.05
Full year revenue $849.3M (-2% YoY); GAAP diluted EPS $2.28 vs $2.05; non-GAAP EPS $2.01 vs $2.05.
Photronics Q3 net income $22.9M, non-GAAP EPS $0.51; guides Q4 rev $201-209M
Revenue $210.4M, down 0.3% YoY; GAAP EPS $0.39 vs $0.55 YoY; non-GAAP EPS $0.51 flat YoY.
Photronics amends CEO Macricostas employment agreement with $675K salary, 3-year term
CEO George C. Macricostas gets $675,000 base salary under amended employment agreement effective May 28, 2025.
Photronics Q2 GAAP EPS $0.15 vs $0.58 YoY; CEO Frank Lee steps down, George Macricostas named CEO
GAAP net income $8.9M ($0.15/diluted) vs $36.3M ($0.58) in Q2 2024; non-GAAP $24.3M ($0.40) vs $28.7M ($0.46).
Photronics signs employment pact with CFO Rivera; $425K base, 3-year term
Base salary $425,261, subject to annual review by Compensation Committee for increase only.
Photronics enters employment agreement with Executive Chairman Macricostas through 2028
Base salary $500K/year; eligible for discretionary annual bonuses.
Shareholders elected eight directors; David A. Garcia received 49,885,106 votes for, Mitchell G. Tyson 38,921,822.
Revenue $212.1M, down 2% YoY and 5% sequentially.
Director Walter M. Fiederowicz not standing for re-election at Photronics annual meeting
Independent director Walter M. Fiederowicz notified the Board on Jan 21, 2025 of decision not to stand for re-election.
Photronics appoints George C. Macricostas as Executive Chairman, effective Jan 6, 2025
George Macricostas, board member since 2002, named Executive Chairman; previously chaired Compensation Committee.
Photronics appoints David Garcia to board, expanding to nine directors
David Garcia elected to Board on Dec 12, 2024; board expands from 8 to 9 members, 7 independent.
Photronics reports Q4 revenue $222.6M, GAAP EPS $0.54; guides Q1 $208-216M
Full-year fiscal 2024 revenue $866.9M, down 3% YoY; GAAP EPS $2.09 vs $2.03 prior year.
Christopher Lutzo appointed VP, General Counsel and Corporate Secretary, reporting directly to CEO Frank Lee.
Richelle Burr retired as EVP, CAO, General Counsel & Secretary effective Sept 30, 2024.
Photronics Q3 revenue falls 6% YoY to $211M; authorizes $100M share repurchase
GAAP EPS $0.55 vs $0.44 in prior year; non-GAAP EPS $0.51 flat YoY.
Photronics places EVP Richelle Burr on paid leave amid internal review of transactions
Richelle E. Burr (EVP, CAO, General Counsel) placed on paid administrative leave on June 11, 2024.
Photronics appoints Eric Rivera as permanent CFO; annual salary $350K
Eric Rivera named CFO effective May 23, 2024; previously interim CFO since Feb 2024 and CAO since 2020.
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).
Photronics annual meeting: all 3 proposals pass; director Tyson receives 42% withheld votes
Elected eight directors; each received majority for. Director Tyson had 29.4M for and 21.5M withheld (42% of votes cast withheld).
Photronics Q1 revenue $216.3M (+2% YoY), GAAP EPS $0.42; Q2 guidance $226-236M rev
Revenue $216.3M, +2% YoY; GAAP net income $26.2M ($0.42 diluted) vs $14.0M ($0.23) YoY.
Photronics CFO John Jordan to retire Feb 23; Eric Rivera named interim CFO
CFO John Jordan retires effective Feb 23, 2024; receives $410,000 severance (12 months' base salary) in 26 installments.
Photronics Q4 FY2023 revenue $227.5M (+8% YoY); full-year record $892.1M, sixth consecutive record
Q4 GAAP EPS $0.72, non-GAAP EPS $0.60; full-year GAAP EPS $2.03, non-GAAP $2.04.
Photronics Q3 rev $224.2M (+2% YoY), GAAP EPS $0.44, guides Q4 rev $222-232M
GAAP net income $27.0M ($0.44/diluted) vs $31.2M ($0.51) YoY; non-GAAP $31.6M ($0.51).
Photronics Q2 revenue $229.3M (record), GAAP EPS $0.65, non-GAAP $0.54; Q3 guidance $224-234M
Revenue $229.3M, up 9% sequentially and 12% YoY; IC revenue $167.1M (+15% YoY), FPD $62.3M (+6% YoY).
Photronics shareholders approve 1M share increase to equity compensation plan
Shareholders approved amendment to 2016 Equity Plan; authorized shares increased by 1,000,000 to 5,000,000.
Photronics confirms zero exposure to SVB, First Republic, Signature Bank
No cash or other assets on deposit with Silicon Valley Bank, First Republic Bank, or Signature Bank.
Photronics Q1 revenue $211.1M (+11% YoY); GAAP EPS $0.23, non-GAAP $0.40; Q2 guidance $205-215M
GAAP net income $14.0M ($0.23 diluted EPS) vs $37.1M ($0.60) in Q4 2022; non-GAAP net income $24.4M ($0.40) vs $31.2M ($0.51).
Photronics presents at 25th Annual Needham Growth Conference on January 12, 2023
Photronics (PLAB) presented at the 25th Annual Needham Growth Conference on January 12, 2023.
Photronics reports record FY2022 revenue of $824.5M; Q4 EPS $0.60; Q1 guidance $0.40-0.48
Full year revenue $824.5M (+24% YoY), net income $118.8M ($1.94 diluted EPS) vs $55.4M ($0.89) in 2021.
Photronics Korea subsidiary loses power; Q4 financial impact expected, already in guidance
Power outage at Cheonan, Korea facility on August 15, 2022.
Photronics Q3 revenue $219.9M record, up 29% YoY; EPS $0.51 vs $0.28
Revenue $219.9M, up 29% YoY; sixth consecutive quarterly record.
Photronics reports Q2 revenue $204.5M, up 28% YoY; EPS $0.49 vs $0.17 YoY; raises guidance
Q2 revenue $204.5M, up 8% sequentially and 28% YoY; net income $29.8M ($0.49 diluted EPS).
Photronics names Frank Lee CEO, adds Adam Lewis to board
Dr. Frank Lee, previously President, named CEO and joins Board; base salary $650,000 and 35,000 RSUs vesting over 4 years.
CEO Peter Kirlin retires; Dr. Frank Lee named President; Chairman Macricostas interim CEO
Peter Kirlin retired as CEO and resigned from Board effective March 11, 2022.
Photronics Q1 revenue $189.8M (+25% YoY), EPS $0.38; Q2 guidance $188-196M
Net income attributable to shareholders $23.1M ($0.38 per diluted share) vs $8.0M ($0.13) YoY.
Photronics schedules conference presentation; no material news disclosed
Company to present at 24th Annual Needham Growth Conference on January 14, 2022.
Photronics FY2021 revenue record $663.8M (+9%); Q4 EPS $0.33 vs $0.10 YoY
Record full-year revenue $663.8M, up 9% YoY; net income $55.4M ($0.89 diluted EPS).
Photronics reports record Q3 revenue $170.6M, EPS $0.28; guides Q4 rev up to $179M
Revenue $170.6M (record), up 7% sequentially and 8% YoY; IC $117.8M, FPD $52.9M.
Mr. George Macricostas will simultaneously assume the role of Chief Executive Officer of Photronics, Inc., while remaining Chairman of the Board.
On May 24, 2025, Dr. Frank Lee informed the Photronics, Inc. Board of Directors of his plans to retire in the next year or two. In order to prepare for this transition, effective with the earnings release on May 28, 2025, Dr. Lee has stepped down from his role as CEO of Photronics, Inc.
On January 6, 2025, Photronics, Inc. (the “Company”) appointed George C. Macricostas to the position of Executive Chairman.
On November 18, 2024, Photronics, Inc. (the “Company”) appointed Christopher Lutzo as Vice President, General Counsel, and Corporate Secretary, effective immediately.
Photronics, Inc. (the “Company”) announces that Richelle Burr retired from her position as executive vice president, chief administrative officer, general counsel and secretary of the Company, effective September 30, 2024.
On June 11, 2024, Photronics, Inc. (the “Company”) placed Richelle E. Burr, Executive Vice President, Chief Administrative Officer, General Counsel and Secretary, and a “named executive officer,” on a paid administrative leave during the pendency of an ongoing internal review regarding certain Company transactions and other matters.
On May 23, 2024, Photronics, Inc. (the “Company”) named Eric Rivera Chief Financial Officer.
On January 23, 2024, the Company issued a press release announcing the retirement of Mr. Jordan and the appointment of Mr. Rivera
On January 23, 2024, the Company announced it would appoint Eric Rivera, currently the Company’s vice president, chief accounting officer and corporate controller, to the role of interim chief financial officer of the Company, effective February 23, 2024 upon Mr. Jordan’s retirement.
has been named Chief Executive Officer (“CEO”) and will join the Company’s Board of Directors.
Mr. Macricostas will continue to serve as Chairman.
Adam Lewis is joining the Board of Directors.
Max materiality 0.85 · Median 0.60 · Most common event earnings