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 for the first quarter of fiscal
2013.
Photronics expects revenues for the first quarter ended January 27, 2013
will be in the range of $99 million to $100 million compared with
previous guidance announced on December 5, 2012 of $96 million to $100
million.
"High-end semiconductor orders began to strengthen late in the quarter
and flat panel display (FPD) photomask demand gained momentum as the
quarter progressed," stated Constantine ("Deno") Macricostas,
Photronics' chairman and chief executive officer. "The IC business was
soft at the beginning of the quarter, as we anticipated, but demand for
high-end masks accelerated in January."
Photronics is scheduled to present at the Stifel Nicolaus 2013
Technology Conference on Wednesday, February 6, 2013 at 10:55 a.m.
Pacific Time at the Ritz-Carlton Hotel in San Francisco. A live webcast
of the Fireside Chat can be accessed at www.photronics.com.
Photronics plans to announce its fiscal first quarter 2013 financial
results at 4:30 p.m. Eastern Time on Wednesday, February 13, 2013 and
host a conference call with investors to discuss these results at 8:30
a.m. Eastern Time on Thursday, February 14, 2013. The live dial-in
number is (408) 774-4601. The call can also be accessed by logging onto
Photronics' web site at www.photronics.com.
About Photronics
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 as discussed in filings with the United States Securities and
Exchange Commission. These risks and uncertainties include, but are not
limited to, economic, competitive, legal, governmental, and
technological factors. Accordingly, there is no assurance that the
Company's expectations will be realized. The Company assumes no
obligation to provide revisions to any forward-looking statements.
03-2013
Photronics, Inc.
Pete Broadbent, 203-775-9000
Vice President,
Investor Relations & Marketing
pbroadbent@photronics.com
Source: Photronics, Inc.
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