Company to Webcast Presentation Tomorrow at 9:30 AM ET
BROOKFIELD, Conn.--(BUSINESS WIRE)--
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 Broadbent
Vice President, Investor
Relations & Marketing
(203) 775-9000
pbroadbent@photronics.com
Source: Photronics, Inc.
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