Sector: Technology | Industry: Semiconductor Equipment & Testing |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 15 Secor Rd BROOKFIELD CT 06804-5226 |
Tel: | N/A |
Website: | https://www.photronics.com |
IR: | See website |
Key People | ||
Constantine S. Macricostas Chairman of the Board | Frank Lee President, Chief Executive Officer, Director | Eric Rivera Interim Chief Financial Officer |
Christopher J. Progler Executive Vice President, Chief Technology Officer and Strategic Planning | Richelle E. Burr Executive Vice President, Chief Administrative Officer, General Counsel, Secretary | H. K. Park Senior Vice President and General Manager of FPD Operations |
Business Overview |
Photronics, Inc. is a manufacturer of integrated circuit (IC) and flat panel display (FPD) photomasks. Photomasks are a key element in the manufacture of ICs and FPDs and are used as masters to transfer circuit patterns onto semiconductor wafers and FPD substrates during the fabrication of ICs, a variety of FPDs and, to a lesser extent, other types of electrical and optical components. The Company sells its photomasks to semiconductor designers and manufacturers, and manufacturers of FPDs. Photomask technology is also being applied to the fabrication of other electronic products such as photonics, microelectronic mechanical systems, and certain nanotechnology applications. The Company operates approximately 11 manufacturing facilities, out of which three are located in Taiwan, one in Korea, three in the United States, two in Europe, and two in China. |
Financial Overview |
For the 13 weeks ended 28 January 2024, Photronics, Inc. revenues increased 2% to $216.3M. Net income increased 87% to $26.2M. Revenues reflect IC-High-end segment increase of 27% to $60.9M, FPD-High-end segment increase of 11% to $50.6M, United states segment increase of 10% to $32.7M, Korea segment increase of 7% to $40.3M. Net income benefited from Foreign currency transaction (losses decrease of 47% to $8.9M (expense). |
Employees: | 1,885 as of Oct 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,238M as of Jan 28, 2024 |
Annual revenue (TTM): | $897.32M as of Jan 28, 2024 |
EBITDA (TTM): | $337.02M as of Jan 28, 2024 |
Net annual income (TTM): | $137.68M as of Jan 28, 2024 |
Free cash flow (TTM): | $172.41M as of Jan 28, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 63,353,714 as of Feb 29, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |