Brookfield, CT, United States
Brookfield, CT, United States

Photronics, Inc is an American semiconductor photomask manufacturer. It was a third largest photomask supplier at 2009 Wikipedia.

SEARCH FILTERS
Time filter
Source Type

BROOKFIELD, CT--(Marketwired - July 31, 2017) - Photronics, Inc. ( : PLAB), a worldwide leader in supplying innovative imaging technology solutions for the global electronics industry, is scheduled to announce financial results for the third quarter of fiscal 2017 on Monday, August 14, 2017, after the market closes. Photronics will host a public conference call the same day at 4:30 p.m. Eastern time. During the call, Company management will respond to questions concerning, but not limited to, the Company's financial performance, business conditions and industry outlook. Some responses may contain information not previously disclosed. The call will be broadcast live and on-demand on the "Investor" section of the Photronics website at www.photronics.com. Analysts and investors who wish to participate in the Q&A portion of the call may dial (877) 377-7095 or (408) 774-4601 outside of the United States and Canada. It is suggested that participants dial in five minutes prior to the call's scheduled start time. Photronics is also scheduled to participate in the D.A. Davidson 9th Annual Technology Forum, where they will meet with investors on Tuesday, August 15, 2017 in NYC. 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", 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.


News Article | August 14, 2017
Site: www.marketwired.com

Photronics, Inc. ( : PLAB), a worldwide leader in supplying innovative imaging technology solutions for the global electronics industry, today reported financial results for fiscal 2017 third quarter ended July 30, 2017. Third quarter sales were $111.6 million, up 3% sequentially and down 9% compared with last year. Sales of integrated circuits (IC) photomasks were $85.1 million, up 3% sequentially and down 7% compared with last year, while sales of flat panel display (FPD) photomasks were $26.5 million, up 3% sequentially and down 16% compared with last year. Net income attributable to Photronics, Inc. shareholders was $4.0 million ($0.06 per diluted share), compared with $1.8 million ($0.03 per diluted share), for the second quarter of 2017; and $8.1 million ($0.12 per diluted share) for the third quarter of 2016. "Third quarter sales improved sequentially as we were able to achieve moderate growth in both IC and FPD," said Peter Kirlin, chief executive officer. "IC sales were generally in line with our expectations, as high-end memory grew and high-end logic remained flat. FPD sales were also higher, although slightly below our expectations due to unfavorable product mix. Operating income was modestly lower as an increase in gross profit was offset mostly by higher R&D, as qualification activity remained robust. As we ramped up capex during the quarter, primarily to complete our FPD investment, our cash balance declined slightly. However, we still have tremendous financial strength and flexibility to fund strategic growth initiatives." Kirlin continued, "Our outlook for the fourth quarter calls for performance similar to the third quarter. High-end memory should continue to grow steadily as we've seen every quarter year-to-date. The anticipated recovery in high-end logic has been delayed until 2018. High-end FPD capacity will expand during the quarter, with actual sales growth dependent on the mix of high-end business, which may remain tepid for the quarter. Shifting focus to our balance sheet, our cash balance will likely decrease during the fourth quarter as we ramp up investments for our China expansion." For the fourth quarter of 2017, Photronics expects revenues to be between $108 million and $116 million and net income attributable to Photronics, Inc. shareholders to be between $0.03 and $0.09 per diluted share. A conference call to discuss these results is scheduled for 4:30 p.m. Eastern time on Monday, August 14, 2017. The call can be accessed by logging onto Photronics' web site at www.photronics.com. The live dial-in number is (877) 377-7095 or (408) 774-4601 outside of the United States and Canada. The call will be archived on Photronics' web site for instant replay access. Non-GAAP net income attributable to Photronics, Inc. shareholders, non-GAAP earnings per share, and non-GAAP EBITDA are "non-GAAP financial measures" as such term is defined by the Securities and Exchange Commission, and may differ from non-GAAP financial measures used by other companies. The attached financial supplement reconciles Photronics, Inc.'s financial results under GAAP to non-GAAP financial information. Photronics, Inc. believes these non-GAAP financial measures that exclude certain non-cash or non-recurring income or expense items are useful for analysts and investors to evaluate Photronics, Inc.'s future on-going performance because they enable a more meaningful comparison of Photronics, Inc.'s projected earnings and performance with its historical results of prior periods. These non-GAAP metrics are not intended to represent funds available for Photronics, Inc.'s discretionary use and are not intended to represent, or be used as a substitute for, operating income, net income or cash flows from operations data as measured under GAAP. The items excluded from these non-GAAP metrics, but included in the calculation of their closest GAAP equivalent, are significant components of the condensed consolidated statements of income and must be considered in performing a comprehensive assessment of overall financial performance. Non-GAAP financial information is adjusted for the following items: 1. Net cash defined as cash and cash equivalents less long-term borrowings (including current portion), as reported in accordance with GAAP. 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", 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. Notes: (a) Represents tax benefit primarily related to the recognition of prior period tax benefits and other tax positions no longer deemed necessary in Taiwan (b) Represents gain on sale of investment in a foreign entity (c) Includes net income attributable to noncontrolling interests, and in 2016 includes gain on sale of investment in a foreign entity (d) Consists of stock compensation expense


News Article | August 14, 2017
Site: www.marketwired.com

Photronics, Inc. ( : PLAB), a worldwide leader in supplying innovative imaging technology solutions for the global electronics industry, today announced plans to broaden its China expansion. Photronics UK, Ltd., a wholly owned subsidiary of Photronics, Inc., has signed an investment agreement with the Hefei State High-tech Industry Development Zone (High-tech Zone), a national-level high-tech zone in China, to establish a manufacturing facility in Hefei, China. Under the terms of the agreement, Photronics, through its subsidiary, will build and operate a facility to engage in research and development, manufacture and sale of FPD photomasks. In return, the High-tech Zone will provide certain investment incentives and support. "Today's announcement follows exactly one-year after our announcement to build an IC manufacturing facility in Xiamen, China, and is the next, logical step of our geographic expansion into the country," said Peter Kirlin, chief executive officer. "China is becoming an increasingly important manufacturing region for flat panel display, both LCD and AMOLED. The investment we are announcing today will place Photronics in the strategically enviable position as the largest merchant FPD photomask supplier in China, with leading edge technology for large format displays, including G10.5+, and AMOLED for mobile displays. We are pleased to partner with the High-tech Zone in Hefei and look forward to bringing our technology to the market, enabling our customers to make advanced displays." Over the next five years, Photronics plans to invest a minimum of $160 million under the agreement, in exchange for certain considerations and investment incentives from the High-tech Zone. Construction is planned to begin in late 2017 and production should start in the early spring of 2019. In conjunction with the investment agreement, Photronics has obtained customer commitments from two of the largest domestic display manufacturers in China, which should help quickly fill the planned production capacity of the facility and enable profitability soon after start up. Financing for the project will be a mix of transferred capital and cash, with the option of local financing. "The display market in China is very dynamic at the moment, with many leading-edge fabs under construction," said Kirlin. "We want to take a measured approach to our investment, while continuously monitoring the market as it develops. We have the discipline and flexibility to alter the speed of our investment, and even significantly increase the amount of capital committed if the market develops more quickly." A conference call with investors and the media is scheduled for 4:30 p.m. Eastern time on Monday, August 14, 2017. The call can be accessed by logging onto Photronics' web site at www.photronics.com. The live dial-in number is (877) 377-7095 or (408) 774-4601 outside of the United States and Canada. The call will be archived on Photronics' web site for instant replay access. 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", 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.


News Article | August 14, 2017
Site: www.marketwired.com

BROOKFIELD, CT--(Marketwired - August 14, 2017) - Photronics, Inc. ( : PLAB), a worldwide leader in supplying innovative imaging technology solutions for the global electronics industry, today announced that Sean T. Smith will retire as senior vice president and chief financial officer of the company, a position he has held since 2002, effective September 4, 2017. Smith will remain with the company as principle accounting officer through September, and then as a consultant through early December, to ensure a smooth transition. The company also announced that the board of directors has named John P. Jordan as senior vice president and chief financial officer, effective September 5, 2017. Jordan has most recently been interim vice president, chief financial officer, treasurer and controller of AstroNova, Inc. ( : ALOT), a global leader in data visualization technologies. "On behalf of the board of directors, the executive team, and all Photronics employees, I express my sincere gratitude to Sean for his years of service and dedication, and wish him well in his retirement," said Peter Kirlin, chief executive officer. "Under his leadership, the finance organization has been a key player in our drive to become the photomask merchant market leader while at the same time building a balance sheet that positions us to make significant investments in our strategic growth initiatives. Looking forward, I am very excited to have John join the team, and given his wealth of experience, including several years as the CFO of three publicly-held corporations, I am confident that he will be a key asset to the team in driving future growth." Before joining AstroNova, Jordan served as vice president, CFO and treasurer of Zygo Corporation from 2011 to 2014. Prior to that he was vice president, CFO and treasurer of Baldwin Technology Company, Inc. for four years. Jordan also held senior finance roles at Paxar Corporation, Amscan and Bodwell Fashion Group. He began his career in public accounting and has a BSBA in Accounting from the University of Florida. 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", 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.


— The Global Photomask market size will be XX million (USD) in 2022, from the XX million (USD) in 2016, with a CAGR (Compound Annual Growth Rate) XX% from 2016 to 2022. This report studies Photomask in Global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 Photomask Players in each region, with sales, price, revenue and market share for top 5 manufacturer, covering Hoya Dai Nippon SK-Electronics Co., Ltd. Toppan Photomasks Photronics LG Innotek Compugraphics Photomask Solutions Taiwan Mask Infinite Graphics Incorporated Nippon Filcon HTA Photomask Shenzhen Qingyi Photomask Plasma Therm Avail 10% Discount on Single User License. Valid for the period from 15th May 2017 to 15th June 2017 Get a Free PDF Sample of Market Report at: http://www.orbisresearch.com/contacts/request-sample/298083 Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top 5 players in these regions, from 2012 to 2017 (forecast), like North America (United States, Canada and Mexico) Asia-Pacific (China, Japan, Southeast Asia, India and Korea) Europe (Germany, UK, France, Italy and Russia etc. South America (Brazil, Chile, Peru and Argentina) Middle East and Africa (Egypt, South Africa, Saudi Arabia) Split by Product Types, with sales, revenue, price, market share of each type, can be divided into Quartz mask Soda mask Toppan Film Split by applications, this report focuses on sales, market share and growth rate of Photomask in each application, can be divided into Semiconductor Flat panel display Touch industry Circuit board Avail 15% Discount on Corporate Users License Valid for the period from 15th May 2017 to 15th June 2017 Buy the Report@ http://www.orbisresearch.com/contact/purchase/298083 Check Out some Points from table of Contents: 1 Photomask Market Overview 1.1 Product Overview and Scope of Photomask 1.2 Photomask Segment by Types 1.2.1 Global Sales Market Share of Photomask by Types in 2016 1.2.2 Quartz mask 1.2.3 Soda mask 1.2.4 Toppan 1.2.5 Film 1.3 Photomask Segment by Applications 1.3.1 Photomask Consumption Market Share by Applications in 2016 1.3.2 Semiconductor 1.3.3 Flat panel display 1.3.4 Touch industry 1.3.5 Circuit board 1.4 Photomask Market by Regions 1.4.1 North America Status and Prospect (2012-2022) 1.4.1.1 North America Photomask Revenue (Million USD) and Growth Rate (2012-2022) 1.4.2 Asia-Pacific Status and Prospect (2012-2022) 1.4.2.1 Asia-Pacific Photomask Revenue (Million USD) and Growth Rate (2012-2022) 1.4.3 Europe Status and Prospect (2012-2022) 1.4.3.1 Europe Photomask Revenue (Million USD) and Growth Rate (2012-2022) 1.4.4 South America Status and Prospect (2012-2022) 1.4.4.1 South America Photomask Revenue (Million USD) and Growth Rate (2012-2022) 1.4.5 Middle East and Africa Status and Prospect (2012-2022) 1.4.5.1 Middle East and Africa Photomask Revenue (Million USD) and Growth Rate (2012-2022) 1.5 Global Market Size (Value) of Photomask (2012-2022) 2 Global Photomask Sales, Revenue (Value) and Market Share by Players 2.1 Global Photomask Sales and Market Share in 2016 and 2017 by Players 2.1.1 Global Photomask Sales by Players in 2016 and 2017 2.1.2 Global Photomask Sales Market Share (%) by Players in 2016 and 2017 2.2 Global Photomask Revenue and Market Share by Players in 2016 and 2017 2.2.1 Global Photomask Revenue by Players in 2016 and 2017 2.2.2 Global Photomask Revenue Market Share (%) by Players in 2016 and 2017 2.3 Global Photomask Average Price by Players in 2016 and 2017 2.4 Global Photomask Manufacturing Base Distribution, Sales Area, Product Types by Players 2.4.1 Global Photomask Manufacturing Base Distribution and Sales Area by Players 2.4.2 Players Photomask Product Types 2.5 Photomask Market Competitive Situation and Trends 2.5.1 Photomask Market Concentration Rate 2.5.2 Photomask Market Share of Top 3 and Top 5 Players 2.5.3 Mergers & Acquisitions, Expansion 3 Global Photomask Sales, Revenue (Value) by Regions, Type and Application (2012-2017) 3.1 Global Photomask Sales, Revenue and Market Share by Regions (2012-2017) 3.1.1 Global Photomask Sales and Market Share by Regions (2012-2017) 3.1.2 Global Photomask Revenue and Market Share by Regions (2012-2017) 3.2 Global Photomask Sales, Revenue, Market Share and Price by Type (2012-2017) 3.2.1 Global Photomask Sales and Market Share by Type (2012-2017) 3.2.2 Global Photomask Revenue and Market Share by Type (2012-2017) 3.2.3 Global Photomask Price by Type (2012-2017) 3.3 Global Photomask Sales and Market Share by Application (2012-2017) 3.3.1 Global Photomask Sales by Application (2012-2017) 3.3.2 Global Photomask Sales Market Share by Application (2012-2017) 3.4 Global Photomask Sales, Revenue, Price and Gross Margin (2012-2017) 4 North America Top 5 Players Photomask Sales, Revenue and Price 4.1 North America Top 5 Players Photomask Sales, Revenue and Market Share in 2016 and 2017 4.1.1 North America Top 5 Players Photomask Sales and Market Share in 2016 and 2017 4.1.2 North America Top 5 Players Photomask Revenue and Market Share in 2016 and 2017 4.2 North America Photomask Sales, Revenue, Market Share and Price by Type (2012-2017) 4.2.1 North America Photomask Sales and Market Share by Type (2012-2017) 4.2.1.1 North America Photomask Sales by Type (2012-2017) 4.2.1.2 North America Photomask Sales Market Share by Type (2012-2017) 4.2.2 North America Photomask Revenue and Market Share by Type (2012-2017) 4.2.2.1 North America Photomask Revenue by Type (2012-2017) 4.2.2.2 North America Photomask Revenue Market Share by Type (2012-2017) 4.2.3 North America Photomask Price by Type (2012-2017) 4.3 North America Photomask Sales and Market Share by Application (2012-2017) 4.3.1 North America Photomask Sales by Application (2012-2017) 4.3.2 North America Photomask Sales and Market Share by Application (2012-2017) 4.4 North America Photomask Sales and Market Share by Country (US, Canada and Mexico) (2012-2017) 4.4.1 North America Photomask Sales by Country (2012-2017) 4.4.2 North America Photomask Sales Market Share by Country (2012-2017) 4.5 North America Photomask Import & Export (2012-2017) About Us: Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customised reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialisation. This helps our clients to map their needs and we produce the perfect required market research study for our clients. For more information, please visit http://www.orbisresearch.com/reports/index/2017-top-5-photomask-manufacturers-in-north-america-europe-asia-pacific-south-america-middle-east-and-africa


The growth of the FPD market with the diffusion of digital home appliances is driving the large-format photomask market and prompting some companies to enter. In order to remain competitive in such circumstances, companies have been strengthening their technological capabilities and creating higher value-added products, as well as provide products at reasonable cost and with a delivery time that satisfies customer demands. Driving the TFT-LCD photomask market are a generation-shift to bigger glass plates and a design-rule cycle of panel technology that changes every 12 months. In this report, the worldwide markets are analyzed and projected, and market shares of vendors presented. 3.1 Four-Mask TFT-LCD Production Process 3.2 Three-Mask TFT-LCD Production Process 3.3 Photomask Production 3.4 Photomask Company Profiles 3.4.1 Hoya 3.4.2 PKL (Photronics) 3.4.3 SK Electronics 3.4.4 LG Innotek 3.4.5 Supermask Co., Ltd 3.4.6 Toyo Precision Parts Mfg. Co., Ltd For more information about this report visit http://www.researchandmarkets.com/research/2tzhnh/the_tftlcd To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-tft-lcd-photomask-market-report-2017-generation-shift-to-bigger-glass-plates-and-a-design-rule-cycle-of-panel-technology-that-changes-every-12-months---research-and-market-300464504.html


Patent
Photronics | Date: 2013-03-14

A microfluidic mixer including one or more mixer channels, each of the mixer channels having at least one glass surface on which are formed protrusions arranged in a herringbone pattern.


Patent
Photronics | Date: 2016-03-30

A microfluidic panel including at least one substrate, one or more channels formed in the substrate, and fluid disposed within the one or more channels. The fluid is selected to store thermal energy and the microfluidic panel is adapted to convert the thermal energy into useable energy or condition the energy to adjust optical wavelength passband of the panel.


Patent
Photronics | Date: 2014-01-21

A microfluidic panel including at least one substrate, one or more channels formed in the substrate, and fluid disposed within the one or more channels. The fluid is selected to store thermal energy and the microfluidic panel is adapted to convert the thermal energy into useable energy or condition the energy to adjust optical wavelength passband of the panel.


Patent
Photronics | Date: 2013-03-15

A method for forming a three-dimensional microstructure includes providing a photosensitive glass substrate; exposing the photosensitive glass substrate to energy through a continuous tone, variable transmission photomask so as to form opaque portions in the photosensitive glass substrate, each of the opaque portions having one of a variety of depths extending through the entire thickness of the photosensitive glass substrate; and removing the opaque portions so as to form three-dimensional features in the photosensitive glass substrate.

Loading Photronics collaborators
Loading Photronics collaborators