Current Report Filing (8-k)
May 14 2015 - 5:20PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
____________________________
FORM 8-K
CURRENT REPORT
Pursuant To Section 13 Or
15(d) Of The Securities Exchange Act Of 1934
Date of report (Date of earliest event
reported) |
May 11,
2015 |
PHOTRONICS,
INC. |
(Exact name of registrant as specified in
its charter) |
Connecticut |
|
0-15451 |
|
06-0854886 |
(State or other jurisdiction |
|
(Commission |
|
(IRS Employer |
of incorporation) |
|
File Number) |
|
Identification
Number) |
15 Secor Road,
Brookfield, CT |
|
06804 |
(Address of Principal Executive
Offices) |
|
(Zip
Code) |
Registrant's Telephone Number, including area code |
(203)
775-9000 |
|
(Former name or former address, if changed
since last report) |
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
☐ |
|
Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425) |
☐ |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12) |
☐ |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02 Results of
Operations and Financial Condition
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.
A copy of the press release is furnished as Exhibit 99.1 to this report. The information contained in this Item 2.02 and the attached Exhibits 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be incorporated by reference in any filing under the Securities Act of 1933 except as shall be expressly set forth by specific reference in such filing.
Item
9.01. Financial Statements and
Exhibits
|
(d) |
Exhibits |
|
|
99.1 |
|
Press Release dated
May 11, 2015 |
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
PHOTRONICS,
INC. |
(Registrant) |
DATE: May 14,
2015 |
BY |
/s/ Richelle E. Burr |
|
|
Richelle E.
Burr |
|
|
Vice President,
General Counsel |
Press
Release |
For Further
Information: Pete
Broadbent Vice President, Investor Relations & Marketing (203)
775-9000 pbroadbent@photronics.com |
PHOTRONICS NARROWS SECOND
QUARTER OF FISCAL 2015 REVENUE GUIDANCE
TO HIGH END OF RANGE AND EXPECTS EPS
ABOVE RANGE IN ADVANCE OF
JEFFERIES CONFERENCE PRESENTATION
COMPANY TO WEBCAST
PRESENTATION TOMORROW AT 9:30 AM ET
BROOKFIELD, Connecticut May
11, 2015 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 Companys 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 Companys 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.
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