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Jul 31, 2022
Photronics Q3 2022 Earnings Report
Photronics achieved record revenue for the sixth consecutive quarter, driven by strong end market demand and favorable pricing.
Key Takeaways
Photronics reported record revenue for Q3 2022, driven by strong end market demand and favorable pricing dynamics. The company's net income also increased compared to the previous quarter and the same period last year. Photronics is expanding capacity and growing volumes while controlling costs and capitalizing on operating leverage to deliver higher margins. The company expects revenue to be between $205 million and $215 million and net income attributable to Photronics, Inc. shareholders to be between $0.44 and $0.52 per diluted share for the fourth quarter of 2022.
Photronics achieved its sixth consecutive quarter of record revenue.
Q3 2022 revenue was $219.9 million, up 29% compared to the same period last year.
Net income attributable to Photronics, Inc. shareholders was $31.2 million ($0.51 per diluted share).
Cash balance increased to $381 million, with $93 million generated from operating activities.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2022, Photronics expects revenue to be between $205 million and $215 million and net income attributable to Photronics, Inc. shareholders to be between $0.44 and $0.52 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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