Photronics Q2 2020 Earnings Report
Key Takeaways
Photronics reported second quarter revenue of $142.8 million, a 9% increase year-over-year. Net income was $6.3 million, or $0.10 per diluted share. The company provided guidance for the third quarter, expecting revenue between $145 million and $155 million, and diluted EPS between $0.11 and $0.17.
Second quarter revenue reached $142.8 million, up 9% year-over-year.
Net income attributable to Photronics, Inc. shareholders was $6.3 million, or $0.10 per diluted share.
Cash provided by operating activities was $30.5 million, resulting in a cash balance of $237.8 million.
Third quarter guidance projects revenue between $145 million and $155 million with diluted EPS between $0.11 and $0.17.
Photronics
Photronics
Photronics Revenue by Segment
Forward Guidance
For the third 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