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Jan 28, 2024
Photronics Q1 2024 Earnings Report
Photronics reported first quarter fiscal 2024 results with revenue up year-over-year and improved order rates.
Key Takeaways
Photronics' first quarter fiscal 2024 saw a revenue increase of 2% year-over-year to $216.3 million. GAAP net income was $26.2 million, or $0.42 per diluted share, while non-GAAP net income was $29.9 million, or $0.48 per diluted share. The company expects growth in the second quarter, building momentum for another record year in 2024.
Revenue increased by 2% year-over-year to $216.3 million.
GAAP net income was $26.2 million, or $0.42 per diluted share.
Non-GAAP net income was $29.9 million, or $0.48 per diluted share.
Second quarter revenue is expected to be between $226 million and $236 million.
Revenue by Segment
Forward Guidance
For the second quarter of fiscal 2024, Photronics expects revenue to be between $226 million and $236 million and non-GAAP net income attributable to Photronics, Inc. shareholders to be between $0.50 and $0.58 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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