Fourth Quarter Fiscal 2023 Results
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Revenue was $227.5 million, up 8% year-over-year and 1% sequentially |
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GAAP net income attributable to Photronics, Inc. shareholders was $44.6 million, or $0.72 per diluted share, compared with $37.1 million, or $0.60 per diluted share in the fourth quarter 2022 and $27.0 million, or $0.44 per diluted share in the third quarter of 2023 |
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Non-GAAP net income attributable to Photronics, Inc. shareholders was $37.2 million, or $0.60 per diluted share, compared with $31.2 million, or $0.51 per diluted share in the fourth quarter 2022 and $31.6 million, or $0.51 per diluted share in the third quarter of 2023 |
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IC revenue was $164.5 million, up 5% year-over-year and 1% sequentially |
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FPD revenue was a record at $63.0 million, up 17% from the same quarter last year and 3% sequentially |
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Cash generated from operating activities was $106.6 million, and cash invested in organic growth through capital expenditures was $52.5 million |
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Cash balance at the end of the quarter was $499.3 million, with $12.9 million in short-term investments and $24.6 million in debt |
