Photronics, Inc. Q3 2021 Financial Results Conference Call August 25, 2021 PHOTRONICS, INC. PHOTRONICS, INC. Safe Harbor Statement This presentation and some of our comments may contain projections or other forward-looking statements regarding future events, our future financial performance and/or the future performance of the industry. These statements are predictions, and contain risks and uncertainties. Actual events or results may differ materially from those presented. These statements include words li ...

Global Merchant Photomask Leader Stifel 2021 Virtual Cross Sector Insight Conference June 8, 2021 PHOTRONICS, INC. PHOTRONICS, INC. Safe Harbor Statement This presentation and some of our comments may contain projections or other forward-looking statements regarding future events, our future financial performance, and/or the future performance of the industry. These statements are predictions, and contain risks and uncertainties. Actual events or results may differ materially from those presented. These sta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 2, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number 0-15451 PHOTRONICS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organiz ...

Photronics, Inc. (NASDAQ:PLAB) Q2 2021 Earnings Conference Call May 26, 2021 8:30 AM ET Company Participants Troy Dewar – Vice President-Investor Relations Peter Kirlin – Chief Executive Officer John Jordan – Chief Financial Officer Chris Progler – Chief Technology Officer Conference Call Participants Patrick Ho – Stifel Gus Richard – Northland Tom Diffely – D.A. Davidson Orin Hirschman – AIGH Operator Good morning, ladies and gentlemen, and welcome to the Photronics Q2 2021 Earnings Results Conference Call ...

Photronics, Inc. Q2 2021 Financial Results Conference Call May 26, 2021 PHOTRONICS, INC. PHOTRONICS, INC. Safe Harbor Statement This presentation and some of our comments may contain projections or other forward-looking statements regarding future events, our future financial performance and/or the future performance of the industry. These statements are predictions, and contain risks and uncertainties. Actual events or results may differ materially from those presented. These statements include words like ...

Financial Performance - In Q1 FY21, the company's revenue was $152.1 million, with a gross margin of 20.1% compared to 21.4% in Q4 FY20[122] - The total revenue from IC photomasks decreased by $1.0 million, or 0.9%, from Q4 FY20, while FPD photomasks increased by $3.7 million, or 8.6%[125] - The company's operating income for Q1 FY21 was $11.7 million, representing 7.7% of revenue, down from 10.0% in Q4 FY20[122] - The company experienced a decrease in net income attributable to shareholders, which was 5.3% in Q1 FY21 compared to 4.3% in Q4 FY20[122] - Revenue decreased by 4.8% in Q1 FY21 compared to Q1 FY20, with IC demand declining by 1.9% and FPD demand falling by 10.7%[129] - Gross margin decreased by 1.3 percentage points in Q1 FY21 from Q4 FY20, primarily due to an unfavorable product mix and increased material costs[130] - Gross profit for Q1 FY21 was $30.5 million, down from $31.9 million in Q4 FY20 and $34.6 million in Q1 FY20[130] - Selling, general and administrative expenses were $14.1 million in Q1 FY21, an increase from $12.8 million in Q4 FY20[132] - Net cash provided by operating activities was $26.3 million in Q1 FY21, a decrease of $4.5 million from $30.8 million in Q1 FY20[139] - Cash and cash equivalents at the end of Q1 FY21 were $278.5 million, a slight decrease from $278.7 million at the end of fiscal 2020[138] - Net income attributable to noncontrolling interests was $1.5 million in Q1 FY21, down from $2.1 million in Q4 FY20, mainly due to decreased net income at the Taiwan-based IC facility[137] Investments and Financing - The company entered into a five-year finance lease for a high-end lithography tool valued at $35.6 million, with monthly payments starting at $0.04 million[110] - The interest rate for the finance lease of the high-end inspection tool is 1.09%[111] - The company received initial proceeds of approximately $6.3 million from a loan approved for 200 million RMB (approximately $30.9 million) in Q4 FY20[112] - A dividend of approximately $16.2 million was paid to noncontrolling interests from the company's majority-owned IC subsidiary in Taiwan[115] - The company authorized a stock repurchase program of up to $100 million in Q4 FY20, repurchasing 2.5 million shares at an average price of $11.34 per share[120] Research and Development - Research and development expenses increased to 3.1% of revenue in Q1 FY21, up from 2.8% in Q4 FY20[122] - Research and development expenses rose to $4.7 million in Q1 FY21, compared to $4.1 million in both Q4 FY20 and Q1 FY20, reflecting increased development activities in the U.S.[133] Future Outlook - The company expects Q4 FY20 revenue to increase in the high single digits as a percentage of FY20 revenue[146] - Operating profit is anticipated to grow at a rate similar to the 23% increase experienced in FY20[146] - Growth drivers for IC include added capacity from the China IC facility, increased demand for semiconductor masks, and recovery in high-end IC logic[146] - FPD revenue is expected to rise due to increased demand for AMOLED displays and the transition from LCD to OLED technologies[146] - The company has invested in three additional FPD write tools to support the anticipated increase in demand for high-end display masks[146] Market and Economic Conditions - A 10% adverse movement in foreign currencies could result in a net unrealized pre-tax loss of $32.5 million, with significant exposures to the Chinese renminbi and South Korean won[152] - The company does not expect a material effect from a 10% adverse movement in interest rates on variable rate borrowings[153] - The majority of growth in the IC and FPD markets is expected to come from the Asia region, predominantly China[148] - The company is continually assessing its global manufacturing strategy, which may lead to future facility closures or expansions based on market conditions[148] - Recent changes in U.S. leadership may improve trade relations with China, potentially affecting the company's operations[147]

Photronics, Inc. (NASDAQ:PLAB) Q1 2021 Earnings Conference Call February 24, 2021 8:30 AM ET Company Participants Peter Kirlin - CEO John Jordan - CFO Troy Dewar - VP, IR Conference Call Participants Tom Diffely - D.A. Davidson & Co. Patrick Ho - Stifel Nicolaus Gus Richard - Northland Capital Markets Operator Good morning, ladies and gentlemen, and welcome to the Photronics First Quarter Fiscal Year 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will cond ...

Photronics, Inc. Q1 2021 Financial Results Conference Call February 24, 2021 PHOTRONICS, INC. PHOTRONICS, INC. Safe Harbor Statement This presentation and some of our comments may contain projections or other forward-looking statements regarding future events, our future financial performance and/or the future performance of the industry. These statements are predictions, and contain risks and uncertainties. Actual events or results may differ materially from those presented. These statements include words ...

Global Merchant Photomask Leader 23rd Annual Needham Virtual Growth Conference January 15, 2021 PHOTRONICS, INC. PHOTRONICS, INC. Safe Harbor Statement This presentation and some of our comments may contain projections or other forward-looking statements regarding future events, our future financial performance, and/or the future performance of the industry. These statements are predictions, and contain risks and uncertainties. Actual events or results may differ materially from those presented. These state ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) Connecticut 06-0854886 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ...