Photronics, Inc. (PLAB) Reports In-Line Q4 EPS, Revenues Beat; Offers Q1 EPS/Revenue Guidance Above Consensus
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Photronics Reports Fourth Quarter Fiscal 2019 Results
December 11, 2019 6:00 AM ESTFourth quarter 2019 revenue increased 13% sequentially and 8% year-over-year to $156.3 million, a record overall and for both IC and FPD photomasksEffective cost control and operating leverage at the increased revenue level helped expand operating margin to 13.7%Net income attributable to Photronics, Inc. shareholders was $9.7 million, or $0.15 per diluted shareCash provided by operating activities was $48.3 million, resulting in a cash balance of $206.5 million1.0 million shares were repurchased for $11.0 millionFirst quarter 2020 guidance: revenue between $146 and $154 million with diluted EPS between $0.13 and $0.18
BROOKFIELD, Conn., Dec. 11, 2019 (GLOBE NEWSWIRE) --... More
