Photronics, Inc. (PLAB) Tops Q1 EPS by 1c; Q2 Guidance Comes in Light
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Photronics Reports First Quarter Fiscal 2016 Results
February 24, 2016 6:00 AM ESTRecord first-quarter sales of $130.0 million, up 5% compared with last year and the seventh consecutive quarter of year-over-year revenue growth Net income of $21.0 million ($0.28 per diluted share) includes a non-recurring net gain of $8.8 million ($0.11 per diluted share) FPD sales increased 37% year-over-year, with high-end FPD sales up 56% EBITDA of $49.7 million, up 46% from the first quarter of 2015 Net cash of $101 million, up $28 million sequentially, providing financial strength and flexibility to fund growth Second quarter 2016 guidance: sales between $120 and $130 million; diluted EPS between $0.08... More
