Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 28, 2024 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Securities registered pursuant to Section 12(b) of the Act: ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number 000-15451 PHOTRONICS, INC. (Exact name of registrant as specif ...

BROOKFIELD, Conn., May 28, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today announced that Eric Rivera, has been promoted to chief financial officer, effective immediately. Eric previously held the role of interim CFO since February 2024 and served as chief accounting officer since 2020. For Further Information: "I am pleased to have Eric join our leadership team in this important role as we work together to continue growing profitabl ...

BROOKFIELD, Conn., May 28, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today announced that Eric Rivera, has been promoted to chief financial officer, effective immediately. Eric previously held the role of interim CFO since February 2024 and served as chief accounting officer since 2020. "I am pleased to have Eric join our leadership team in this important role as we work together to continue growing profitably and creating shareholde ...

Photronics (PLAB) reported second-quarter fiscal 2024 non-GAAP earnings of 46 cents per share, missing the Zacks Consensus Estimate by 16.36% and decreasing 14.8% year over year. Revenues of $217 million inched down 5% year over year and up 0.3% sequentially. The year-over-year decline was caused by the impact of the Taiwan earthquake and the Chinese New Year holiday. The earthquake also resulted in a sales decline of approximately $3 million due to production downtime and losses in inventory across the IC ...

财务数据和关键指标变化 - 第二季度销售额略有增长,但受到中国新年假期后市场疲软和台湾地震的影响 [12][13][16] - 毛利率与上一季度基本持平,但较去年有所下降,主要是高端产品溢价收入减少 [27][28] - 营业利润率较上季度和去年有所下降,主要是研发费用增加 [27][28][29] - 第三季度预计收入为2.21亿美元至2.29亿美元,非GAAP每股收益为0.53美元至0.59美元 [32][33] 各条业务线数据和关键指标变化 - IC业务收入环比有所改善,但同比下降,主要是高端需求下降抵消了主流需求增长 [26] - FPD业务收入环比和同比均有所下降,受到季节性疲软和地震影响 [27] 各个市场数据和关键指标变化 - 美国市场高端需求疲软,但亚洲市场IC客户持续向更小尺寸工艺迁移 [19][20] - 移动显示屏需求预计将在第三季度因新款旗舰手机即将推出而回升 [27] 公司战略和发展方向及行业竞争 - 公司保持乐观的长期展望,认为AI等行业趋势将推动芯片设计活动,为公司带来机遇 [20] - 公司在先进制程和新技术如EUV的资格认证方面持续投入,为未来需求做好准备 [29] - 公司有信心凭借技术领先优势、产能优势和成本控制能力,在行业内保持增长 [22] 管理层对经营环境和未来前景的评论 - 第二季度订单在中国新年假期后恢复速度低于预期,但进入第三季度后订单有所回升 [16][51][52][53] - 公司对IC和显示业务的长期前景保持乐观,认为行业趋势如AI和供应链区域化将带来机遇 [20][21][22] 问答环节重要的提问和回答 问题1 **Linda Umwali 提问** 地震对公司的影响有多大,是否会影响全年资本支出计划 [39][45][46] **Eric Rivera 回答** 地震对本季度收入造成了约300万美元的影响,主要是生产损失时间,不会影响全年资本支出计划 [41][46] 问题2 **Linda Umwali 提问** 公司收入同比仍有5%左右的下降,主要原因是什么,是否主要受终端市场疲软、市场份额下降或新项目推迟等因素影响 [50][51][52][53] **Frank Lee 回答** 公司认为主要是受到中国新年假期后订单恢复速度放缓的影响,尤其是高端业务,但进入第三季度后订单有所回升 [51][52][53] 问题3 **Eric Reckwood 提问** 地震是否会导致一些光掩膜需要报废或维修,从而带来未来季度收入的增长 [66][67] **Frank Lee 回答** 公司的设备有自动保护机制,在地震中受损的光掩膜都会被拒绝使用,不会流向客户,但需要维修或报废,不会带来未来季度的收入增长 [67][68]

Safe Harbor Statement | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | Q2 2024 Financial | | | | | | | | | Results Conference Call | | | | | | | | | May 22, 2024 | | | | | | | | PHOTRONICS, INC. 2 This presentation and some of our comments during this presentation may contain projections or other forward-looking statements regarding future events, our future financial performance, and/o ...

Exhibit 99.2 (in thousands, except per share amounts) PHOTRONICS, INC. Condensed Consolidated Statements of Income | | | April 28, | | Three Months Ended January 28, | | April 30, | | April 28, | Six Months Ended | April 30, | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2024 | | 2024 | | 2023 | | 2024 | | 2023 | | Revenue | $ | 217,000 | $ | 216,334 | $ | 229,306 | $ | 433,334 | $ | 440,397 | | Cost of goods sold | | 137,749 | | 137,079 | | 140,904 | | 274,828 | | 275,918 | | G ...

BROOKFIELD, Conn., May 22, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today reported financial results for its second quarter of fiscal year 2024 ended April 28, 2024. "Second quarter revenue and gross margin were in line with the first quarter as positive seasonality trends were offset by business headwinds primarily related to temporary soft demand following the Chinese New Year holiday and the impact from earthquakes in Taiwan begi ...

Photronics (PLAB) is set to report its second-quarter fiscal 2024 results on May 22. For the to-be-reported quarter, PLAB expects revenues between $226 million and $236 million. Non-GAAP earnings are expected to be between 50 cents and 58 cents. The Zacks Consensus Estimate for earnings is pegged at 55 cents, unchanged in the past 30 days and indicating 1.85% year-over-year growth. The company's earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing the same on two occ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 28, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Registrant's telephone number, including area code (203) 775-9000 Securities registered pursuant to Section 12(b) of the Act: | | | Name of eac ...