Photronics Reports Second Quarter Fiscal 2024 Results [Yahoo! Finance]
Photronics, Inc. (PLAB)
Last photronics, inc. earnings: 3/4 06:00 am
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US:NASDAQ Investor Relations:
investor.shareholder.com/photronics/index.cfm
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Source: Yahoo! Finance
reported financial results for its second quarter of fiscal year 2024 ended April 28, 2024. “Second quarter revenue and gross margin were in line with the first quarter as positive seasonality trends were offset by business headwinds primarily related to temporary soft demand following the Chinese New Year holiday and the impact from earthquakes in Taiwan beginning in early April,” said Frank Lee, chief executive officer. “Order rates, which typically pause during Lunar New Year, have recovered at a slower rate than we typically observe. In addition, the recent earthquakes in Taiwan caused a loss of production across both IC and FPD, resulting in an approximately $3 million revenue impact. Despite these challenges, we maintained gross margin as the global Photronics team performed well, serving our customers by quickly and efficiently recovering from the disruptions. We achieved good earnings and cash generation, further strengthening our balance sheet and positioning us to continue
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- Photronics Reports Second Quarter Fiscal 2024 ResultsGlobeNewswire
PLAB
Earnings
- 5/22/24 - Beat
PLAB
Sec Filings
- 6/28/24 - Form 3
- 6/12/24 - Form 8-K
- 6/10/24 - Form 3
- PLAB's page on the SEC website