Photronics Narrows Second Quarter of Fiscal 2015 Revenue Guidance to High End of Range & Expects EPS above Range in Advance o...
May 11 2015 - 4:30PM
Business Wire
Company to Webcast Presentation Tomorrow at
9:30 AM ET
Photronics, Inc. (Nasdaq:PLAB), a worldwide leader in supplying
innovative imaging technology solutions for the global electronics
industry, narrowed its guidance range on revenue and expects
earnings per share (EPS) above its previous guidance range for the
second quarter of fiscal 2015 in advance of its presentation at the
Jefferies 2015 TMT Conference.
For the second quarter ended May 3, 2015, Photronics expects
revenues will be approximately $127 million and EPS will be in the
range of $0.11 to $0.12, compared with previous guidance announced
on its first quarter conference call of revenues in the range of
$121 to $128 million and EPS in the range of $0.04 to $0.09.
"Increased demand for advanced memory photomasks and stronger
shipments of FPD masks drove our revenues towards the high end of
our guidance," stated Peter Kirlin, Photronics' chief executive
officer. "Based upon strong operational execution, we expect to
deliver earnings per share above the high end of our EPS guidance
range."
Photronics is scheduled to present at the Jefferies 2015 TMT
Conference on Tuesday, May 12 at 9:30 a.m. Eastern Time in Miami. A
live webcast of the presentation can be accessed at
www.photronics.com.
Photronics is a leading worldwide manufacturer of photomasks.
Photomasks are high precision quartz plates that contain
microscopic images of electronic circuits. A key element in the
manufacture of semiconductors and flat panel displays, photomasks
are used to transfer circuit patterns onto semiconductor wafers and
flat panel substrates during the fabrication of integrated
circuits, a variety of flat panel displays and, to a lesser extent,
other types of electrical and optical components. They are produced
in accordance with product designs provided by customers at
strategically located manufacturing facilities in Asia, Europe, and
North America. Additional information on the Company can be
accessed at www.photronics.com
The Private Securities Litigation Reform Act of 1995 provides a
“safe harbor” for forward-looking statements made by or on behalf
of Photronics, Inc. and its subsidiaries (the Company). The
forward-looking statements contained in this press release and
other parts of Photronics’ web site involve risks and uncertainties
that may affect the Company’s operations, markets, products,
services, prices, and other factors. These risks and uncertainties
include, but are not limited to, economic, competitive, legal,
governmental, and technological factors as well as decisions we may
make in the future regarding our business, capital structure and
other matters. These forward-looking statements generally can be
identified by phrases such as “believes”, “expects”, “anticipates”,
“plans”, “projects”, “could”, “estimate”, “intend”, “may”, “will”
and similar expressions. Accordingly, there is no assurance that
the Company’s expectations will be realized. For a fuller
discussion of the factors that may affect the Company's operations,
see "Forward Looking Statements" in the Company's Quarterly and
Annual Reports to the Securities and Exchange Commission on Forms
10-Q and 10-K. The Company assumes no obligation to provide
revisions to any forward-looking statements.
11-2015
Photronics, Inc.Pete BroadbentVice President, Investor Relations
& Marketing(203) 775-9000pbroadbent@photronics.com
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