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Photomask Demand Drives Jump in Profits at Photronics

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BROOKFIELD, Conn., Dec. 4, 2015 — Photronics Inc. increased profits considerably in fiscal 2015, citing strong demand for photomasks for integrated circuit and flat panel display manufacturing. Net income for the fiscal year, which ended Nov. 1, was $56.9 million, or 63 cents per diluted share. That's up 77 percent from $32.0 million, or 41 cents per diluted share, in fiscal 2014. Revenues were $524.2 million, an increase of 15 percent from $455.5 million the previous year. "High-end memory and flat panel display have been strong all year, and those trends continued through the fourth quarter," said CEO Peter...Read full article

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    Published: December 2015
    industrialAmericasConnecticutPhotronicsphotomaskssemiconductorsBusiness

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