Photronics Q4 2020 Earnings Report
Key Takeaways
Photronics reported a decrease in fourth-quarter revenue by 4% year-over-year to $149.3 million. Net income for the quarter was $6.5 million, or $0.10 per diluted share. The company achieved record annual revenue for the third consecutive year, despite global challenges. They increased their cash balance while investing in organic growth and share repurchases.
Full year revenue was a record $609.7 million, up 11% compared with 2019.
Fourth quarter revenue was $149.3 million, down 4% year-over-year.
Net income for the full year was $33.8 million, or $0.52 per diluted share.
Fourth quarter net income was $6.5 million, or $0.10 per diluted share.
Photronics
Photronics
Photronics Revenue by Segment
Forward Guidance
For the first quarter of 2021, Photronics expects revenue to be between $145 million and $155 million, and net income attributable to Photronics, Inc. shareholders to be between $0.07 and $0.14 per diluted share.
Positive Outlook
- Revenue between $145 million and $155 million expected.
- Net income attributable to Photronics, Inc. shareholders to be between $0.07 and $0.14 per diluted share expected.
Revenue & Expenses
Visualization of income flow from segment revenue to net income