Photronics, Inc. (PLAB) Tops Q2 EPS by 3c
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Photronics Reports Second Quarter Fiscal 2016 Results
May 18, 2016 6:00 AM EDTBROOKFIELD, CT -- (Marketwired) -- 05/18/16 --
Second quarter sales were $122.9 million, down 3% compared with last year Net income of $11.9 million ($0.16 per diluted share) includes net, non-recurring tax benefit of $3.0 million ($0.03 per diluted share) FPD sales increased 36% year-over-year, with high-end FPD sales up 66%; investing $40 million through 2017 in additional FPD capacity and capability Reduced total debt $60 million and grew net cash $23 million sequentially, providing additional financial strength and flexibility to fund growth Third quarter 2016 guidance: sales between $118 and $128 million; diluted EPS between $0.10 and $0.18... More
