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Feb 02, 2020
Photronics Q1 2020 Earnings Report
Photronics achieved record revenues for the second consecutive quarter, with design activity remaining high and FPD leadership extended.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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