Photronics ( (PLAB) ) has released its Q3 earnings. Here is a breakdown of the information Photronics presented to its investors.
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Photronics, Inc. is a global leader in photomask technology, providing essential components for integrated circuits and flat panel displays, with operations spanning Asia, Europe, and North America. In its third quarter of fiscal 2025, Photronics reported robust financial results, surpassing expectations in revenue, profitability, and earnings per share. The company achieved a revenue of $210.4 million, with a slight decline from the previous year, while net income attributable to shareholders stood at $22.9 million. Despite a year-over-year revenue drop, the company experienced a significant increase in flat panel display revenue by 14%. Photronics also announced a $25 million increase in its share repurchase authorization, reflecting confidence in its financial stability. Looking ahead, Photronics remains committed to enhancing operational efficiency and geographic diversification to support sustained growth in revenue and earnings.