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Photronics
🇺🇸 NASDAQ:PLAB
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Oct 31, 2024

Photronics Q4 2024 Earnings Report

Photronics experienced sequential revenue growth in Q4 2024, driven by increased sales in both IC and FPD, with IC growth led by strong high-end sales in the US and FPD growth led by mainstream demand.

Key Takeaways

Photronics reported Q4 2024 revenue of $222.6 million, a 2% decrease year-over-year but a 6% increase sequentially. GAAP net income was $33.9 million, or $0.54 per diluted share, while non-GAAP net income was $37.1 million, or $0.59 per diluted share. The company is cautiously optimistic about continued favorable photomask demand trends into 2025.

Q4 revenue reached $222.6 million, showing a 6% sequential increase.

GAAP net income was reported at $33.9 million, or $0.54 per diluted share.

Non-GAAP net income amounted to $37.1 million, or $0.59 per diluted share.

IC revenue was $163.7 million, while FPD revenue was $58.9 million.

Total Revenue
$223M
Previous year: $227M
-2.1%
EPS
$0.59
Previous year: $0.6
-1.7%
Gross Profit
$82.3M
Previous year: $84.9M
-3.0%
Cash and Equivalents
$598M
Previous year: $512M
+16.8%
Free Cash Flow
$25.2M
Previous year: $54.1M
-53.5%
Total Assets
$1.71B
Previous year: $1.53B
+12.2%

Photronics

Photronics

Photronics Revenue by Segment

Forward Guidance

For the first quarter of fiscal 2025, Photronics expects revenue to be between $208 million and $216 million and non-GAAP net income attributable to Photronics, Inc. shareholders to be between $0.43 and $0.49 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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