Photronics (PLAB) PT Raised to $14 at Needham & Company Amid 'Beat and Raise'

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Go back to Photronics (PLAB) PT Raised to $14 at Needham & Company Amid 'Beat and Raise'

Photronics Reports Fourth Quarter Fiscal 2015 Results

December 2, 2015 4:35 PM EST

Record quarterly sales of $141.7 million, up 14% compared with last year and the sixth consecutive quarter of year-over-year revenue growth Net income rose to $18.6 million ($0.25 per diluted share) Gross margin of 31.5% and operating margin of 19.2%, driven by high incremental margins High-End IC and FPD increased 49% and 48% Y/Y, respectively EBITDA of $50 million, up 54% from Q414 Net cash of $73 million, up $23 million from 2014, providing financial strength and flexibility to fund growth

BROOKFIELD, Conn.--(BUSINESS WIRE)--... More