Photronics, Inc. (PLAB) Misses Q4 EPS by 5c, Revenues Miss; Offers 1Q EPS Guidance Below Consensus

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Go back to Photronics, Inc. (PLAB) Misses Q4 EPS by 5c, Revenues Miss; Offers 1Q EPS Guidance Below Consensus

Photronics Reports Full Year and Fourth Quarter Fiscal 2020 Results

December 9, 2020 6:00 AM EST

2020 revenue was a record $609.7 million, an increase of 11% compared with 2019 and the third consecutive year of record annual revenueFourth quarter 2020 revenue was $149.3 million, down 5% sequentially and 4% year-over-yearNet income attributable to Photronics, Inc. shareholders was $33.8 million, or $0.52 per diluted share, for the full year of 2020; and $6.5 million, or $0.10 per diluted share, for the fourth quarter of 2020During the fourth quarter, cash provided by operating activities was $64.8 million, capex was $34.1 million, share repurchases were $17.5 million, and ending cash balance was $278.7 millionFirst quarter 2021 guidance: revenue between $145 and $155 million with diluted EPS between $0.07 and $0.14

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