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Photronics
🇺🇸 NASDAQ:PLAB
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Jul 30, 2023

Photronics Q3 2023 Earnings Report

Photronics' third quarter performance reflected strong margins amidst a temporary demand slowdown in some end markets, with revenue up 2% year-over-year.

Key Takeaways

Photronics reported revenue of $224.2 million, a 2% increase year-over-year. GAAP net income was $27.0 million, or $0.44 per diluted share, while non-GAAP net income was $31.6 million, or $0.51 per diluted share. The company's cash balance at the end of the quarter was $448.5 million.

Revenue increased 2% year-over-year to $224.2 million.

GAAP net income was $27.0 million, or $0.44 per diluted share.

Non-GAAP net income was $31.6 million, or $0.51 per diluted share.

Cash balance at the end of the quarter was $448.5 million.

Total Revenue
$224M
Previous year: $220M
+1.9%
EPS
$0.51
Previous year: $0.51
+0.0%
Gross Profit
$86.8M
Previous year: $83.9M
+3.5%
Cash and Equivalents
$449M
Previous year: $381M
+17.7%
Free Cash Flow
$64.8M
Previous year: $81.1M
-20.1%
Total Assets
$1.5B
Previous year: $1.35B
+11.4%

Photronics

Photronics

Photronics Revenue by Segment

Forward Guidance

For the fourth quarter of fiscal 2023, Photronics expects revenue to be between $222 million and $232 million and non-GAAP net income attributable to Photronics, Inc. shareholders to be between $0.51 and $0.59 per diluted share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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