Last $8.18 USD
Change Today +0.06 / 0.74%
Volume 205.6K
PLAB On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

photronics inc (PLAB) Snapshot

Open
$8.09
Previous Close
$8.12
Day High
$8.26
Day Low
$8.07
52 Week High
12/11/13 - $9.75
52 Week Low
04/22/13 - $6.92
Market Cap
504.4M
Average Volume 10 Days
266.5K
EPS TTM
$0.31
Shares Outstanding
61.7M
EX-Date
--
P/E TM
26.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for PHOTRONICS INC (PLAB)

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photronics inc (PLAB) Details

Photronics, Inc., together with its subsidiaries, manufactures and sells photomasks in the United States. Photomasks are high precision photographic quartz plates containing microscopic images of electronic circuits. It offers photomasks for the use in the manufacture of semiconductors and flat panel displays (FPDs), as well as for use as masters to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components. The company sells and markets its products to semiconductor designers, manufacturers, and foundries, as well as to other high performance electronics manufacturers primarily through its sales personnel and customer service representatives. It also operates in Korea, Taiwan, Europe, and internationally. Photronics, Inc. was founded in 1969 and is headquartered in Brookfield, Connecticut.

1,300 Employees
Last Reported Date: 01/3/14
Founded in 1969

photronics inc (PLAB) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $660.0K
President
Total Annual Compensation: $364.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $412.5K
President of Asia Operations and Chief Operat...
Total Annual Compensation: $475.0K
Chief Technology Officer and Vice President
Total Annual Compensation: $330.0K
Compensation as of Fiscal Year 2013.

photronics inc (PLAB) Key Developments

Photronics, Inc. Announces Closing of Joint Venture with Dai Nippon Printing Co., Ltd

Photronics Inc. announced the closing of the joint venture with Dai Nippon Printing Co. Ltd. The joint venture, Photronics DNP Mask Corporation (PDMC), will focus on serving semiconductor manufacturers in Taiwan. The closing followed regulatory approvals received from Taiwan authorities on March 28, 2014. The joint venture was effective at 12:00 a.m., Taiwan time, April 4, 2014. Governance of PDMC will be shared by Photronics and DNP through a seven member board of directors with four Photronics members and three DNP members.

Photronics Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended February 2, 2014; Provides Earnings Guidance for the Second Quarter and Full Year of 2014

Photronics Inc. reported unaudited consolidated earnings results for the first quarter ended February 2, 2014. For the quarter, the company reported net sales of $101,542,000 compared to $99,839,000 a year ago. Operating income was $5,630,000 compared to $5,192,000 a year ago. Income before income taxes was $4,757,000 compared to $4,601,000 a year ago. Net income attributable to the company’s shareholders was $1,993,000 or $0.03 basic and diluted per share compared to $2,323,000 or $0.04 basic and diluted per share a year ago. Net cash provided by operating activities was $14,197,000 compared to $18,665,000 a year ago. Purchases of property, plant and equipment were $12,184,000 compared to $15,539,000 a year ago. Non-GAAP net income attributable to the company’s shareholders was $2,430,000 or $0.04 diluted per share compared to $2,323,000 or $0.04 diluted per share a year ago. Cash flow used in investing activities for CapEx during quarter amounted to approximately $12 million. EBITDA, as defined in credit agreement for the quarter, was $25.7 million. The company expects cash CapEx needs for 2014 to be in the range of $70 million to $90 million. The company have the flexibility to accelerate or decelerate spend depending upon market conditions. The company expects to continue to generate free cash flow, once again, in 2014. For fiscal 2014, the company estimates total taxes will range from $11 million to $13 million. During second quarter, the company expects depreciation and amortization to increase $1 million to $2 million sequentially, as certain tools will be placed into production. The company is projecting revenue for the second quarter of 2014 to be in the range of $100 million to $105 million. As a result, based upon current operating model, it estimates EPS, exclusive of any JV transaction costs, in the second quarter of 2014 to be in the range of $0.01 to $0.05 per diluted share.

Photronics Inc. Revises Earning Guidance for the First Quarter Ended February 2, 2014

Photronics Inc. revised earning guidance for the first quarter ended February 2, 2014. For the quarter, the company now expects to report revenue of around $101.5 million, lagging its previous guidance looking for $103 million to $107 million in revenue during the period. The revenue shortfall also is resulting in the company's per-share earnings likely coming up short of its predicted range of $0.06 to $0.10, with PLAB now expecting EPS of $0.03 to $0.04. The company expects that its first quarter revenue and EPS will be lower than previously anticipated as a result of a number of factors, including a slower than projected post-holiday recovery in its mainstream business in the U.S. and Europe, a delayed ramp in its high-end memory, and the absence of a pre-Lunar New Year pull-in in Taiwan.

 

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PLAB

Industry Average

Valuation PLAB Industry Range
Price/Earnings 28.7x
Price/Sales 1.2x
Price/Book 0.9x
Price/Cash Flow 28.6x
TEV/Sales 0.3x
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