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Last $8.32 USD
Change Today -0.07 / -0.83%
Volume 163.7K
PLAB On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

photronics inc (PLAB) Key Developments

Photronics Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended May 3, 2015; Provides Earnings Guidance for the Third Quarter and Full Year 2015

Photronics Inc. reported unaudited consolidated earnings results for the second quarter and six months ended May 3, 2015. For the quarter, net sales were $127,309,000 against $104,882,000 a year ago. Operating income was $14,865,000 against $2,832,000 a year ago. Income before income taxes was $13,408,000 against $17,982,000 a year ago. Net income attributable to the company’s shareholders was $10,060,000 or $0.14 per diluted share against $15,540,000 or $0.22 per diluted share a year ago. Non-GAAP net income attributable to the company’s shareholders was $10,060,000 or $0.14 against $1,186,000 or $0.02 a year ago. EBITDA for the quarter was $34.8 million. At the end of the quarter, $56 million of CapEx was accrued for, which was down $10 million sequentially. Cash provided by operations was approximately $36 million. For six months, net sales were $250,814,000 against $206,424,000 a year ago. Operating income was $26,424,000 against $8,462,000 a year ago. Income before income taxes was $23,684,000 against $22,739,000 a year ago. Net income attributable to the company’s shareholders was $13,897,000 or $0.21 per diluted share against $17,533,000 or $0.27 per diluted share a year ago. Net cash provided by operating activities was $57,907,000 against $39,899,000 a year ago. Purchases of property, plant and equipment was $67,935,000 against $42,385,000 a year ago. Non-GAAP net income attributable to the company’s shareholders was $14,798,000 or $0.22 against $3,616,000 or $0.06 a year ago. EBITDA was $139 million. The company is projecting revenue for the third quarter of 2015 to be in the range of $124 million to $133 million. The company also expect depreciation and amortization expense to increase this quarter to approximately $2 million to $2.7 million as additional tools come online. As a result, based upon current operating model, the company estimates earnings per share to be in the range of $0.06 to $0.13 per diluted share. The company expects 2015 cash CapEx needs to be approximately $110 million. The company expects to generate free cash flow once again in 2015 and expect EBITDA to grow in 2015.

Photronics Inc. to Report Q2, 2015 Results on May 18, 2015

Photronics Inc. announced that they will report Q2, 2015 results at 4:30 PM, US Eastern Standard Time on May 18, 2015

Photronics Inc., Q2 2015 Earnings Call, May 19, 2015

Photronics Inc., Q2 2015 Earnings Call, May 19, 2015

Photronics, Inc. Revises Earnings Guidance for the Second Quarter Ended May 3, 2015

Photronics Inc. revised earnings guidance for the second quarter ended May 3, 2015. The company expects revenues will be approximately $127 million and EPS will be in the range of $0.11 to $0.12, compared with previous guidance announced on its first quarter conference call of revenues in the range of $121 to $128 million and EPS in the range of $0.04 to $0.09.

Photronics Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-12-2015 09:30 AM

Photronics Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-12-2015 09:30 AM. Venue: Mandarin Oriental Brickell, Miami, Florida, United States.

 

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PLAB

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Valuation PLAB Industry Range
Price/Earnings 24.1x
Price/Sales 1.1x
Price/Book 0.9x
Price/Cash Flow 25.0x
TEV/Sales 0.3x
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