Photronics Q1 2020 Earnings Report
Key Takeaways
Photronics reported record first-quarter revenue of $159.7 million, a 28% increase year-over-year. Net income was $10.3 million, or $0.16 per diluted share. The company's cash flow from operations was $30.8 million, resulting in a cash balance of $218.3 million.
First quarter revenue reached a record $159.7 million, up 28% year-over-year.
Net income attributable to Photronics, Inc. shareholders was $10.3 million, or $0.16 per diluted share.
Cash provided by operating activities was $30.8 million, resulting in a cash balance of $218.3 million.
The company repurchased 0.9 million shares for $11.0 million.
Photronics
Photronics
Photronics Revenue by Segment
Forward Guidance
For the second quarter of 2020, Photronics expects revenue to be between $145 million and $155 million, and net income attributable to Photronics, Inc. shareholders to be between $0.11 and $0.17 per diluted share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income