OverviewSuggest Edit

Photronics is a company that manufactures and sells photomasks. It offers photomasks, which are high precision photographic quartz plates containing microscopic images of electronic circuits for use in the manufacture of semiconductors and flat panel displays (FPDs), as well as that are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel display substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components. The company sells its products to semiconductor or FPD designers, manufacturers, and foundries, as well as to other high-performance electronics manufacturers through its sales personnel and customer service representatives.
TypePublic
Founded1969
HQBrookfield, CT, US
Websitephotronics.com
Employee Ratings3
Overall CultureD

Latest Updates

Employees (est.) (Oct 2021)1,728
Job Openings40
Revenue (FY, 2021)$663.8 M(+9%)
Share Price (May 2022)$15.4(+5%)
Cybersecurity ratingCMore
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Key People/Management at Photronics

Peter S. Kirlin

Peter S. Kirlin

Chief Executive Officer
Richelle Burr

Richelle Burr

Executive Vice President, Chief Administrative Officer
John Jordan

John Jordan

Executive Vice President, Chief Financial Officer
Peter C. Broadbent

Peter C. Broadbent

Vice President, U.S. and Europe
Laurie Conley

Laurie Conley

Vice President, Human Resources
Christopher J. Progler

Christopher J. Progler

Executive Vice President, Chief Technology Officer, Strategic Planning
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Photronics Office Locations

Photronics has offices in Brookfield, Allen, Boise, Hefei and in 9 other locations
Brookfield, CT, US (HQ)
15 Secor Rd
Allen, TX, US
601 Millennium Dr
Boise, ID, US
10136 S Federal Way
Hefei, CN
No. 360 Mingzhu Revenue Hi-Tech Zone
Shanghai, CN
Room 911, Building A 169 Shengxia Road Zhangjiang Hi-Tech Zone Pudong
Xiamen, CN
Xiang'an
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Photronics Financials and Metrics

Photronics Revenue

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Photronics's revenue was reported to be $663.76 m in FY, 2021 which is a 8.9% increase from the previous period.
USD

Revenue (Q1, 2022)

189.8m

Gross profit (Q1, 2022)

59.9m

Gross profit margin (Q1, 2022), %

31.5%

Net income (Q1, 2022)

31.7m

EBIT (Q1, 2022)

38.2m

Market capitalization (13-May-2022)

908.7m

Closing stock price (13-May-2022)

15.4

Cash (30-Jan-2022)

314.2m

EV

691.3m
Photronics's current market capitalization is $908.7 m.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

535.3m550.7m609.7m663.8m

Revenue growth, %

19%3%11%9%

Cost of goods sold

403.8m429.8m475.0m496.7m

Gross profit

131.5m120.8m134.7m167.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

124.7m131.6m138.1m159.7m142.8m157.9m152.1m159.8m170.6m189.8m

Cost of goods sold

98.6m105.6m107.5m125.1m112.3m120.2m121.5m120.5m125.3m130.0m

Gross profit

26.1m26.0m30.6m34.6m30.4m37.7m30.5m39.2m45.3m59.9m

Gross profit Margin, %

21%20%22%22%21%24%20%25%27%32%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

206.5m278.7m276.7m

Accounts Receivable

134.5m134.5m174.4m

Inventories

48.2m57.3m55.2m

Current Assets

427.5m500.1m550.6m
Quarterly
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

40.5m40.3m78.8m

Depreciation and Amortization

83.9m89.2m90.4m

Inventories

(23.1m)(6.9m)3.0m

Accounts Payable

(12.0m)(3.5m)25.4m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

10.9m18.9m31.8m9.5m25.8m50.2m31.7m

Depreciation and Amortization

24.6m47.9m71.1m23.7m47.1m69.3m20.8m

Inventories

(1.4m)(9.0m)(6.2m)2.1m2.3m5.1m(7.0m)

Accounts Payable

(2.7m)7.8m(381.0k)(7.5m)(5.5m)10.6m15.6m
USDFY, 2018

Revenue/Employee

339.9k
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Photronics Operating Metrics

Photronics's Customers was reported to be 550 in FY, 2019.
FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Customers

600600600600600550

Manufacturing Facilities Leased

333333

Manufacturing Facilities Owned

666668

Patents (US)

5050404942
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Photronics Acquisitions / Subsidiaries

Company NameDateDeal Size
Microphase LaboratoriesJune 21, 1995
Align-Rite International, Ltd.
PDMC Shanghai, Ltd.
Photronics Advanced Mask Corporation
Photronics California, Inc.
Photronics Cheonan Co., Ltd.
Photronics DNP Mask Corporation 
Photronics Idaho, Inc.
Photronics Mask Corporation Hefei 
Photronics MZD, GmbH
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Photronics Revenue Breakdown

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Photronics revenue breakdown by business segment: 15.3% from FPD, 34.7% from IC, 15.3% from FPD and 34.7% from IC

Photronics revenue breakdown by geographic segment: 11.8% from Korea, 8.7% from China, 18.7% from Taiwan, 7.9% from United States, 11.8% from Korea, 8.7% from China, 18.7% from Taiwan, 7.9% from United States and 5.7% from Other

Photronics Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

SecurityScorecard logo

Photronics Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Photronics Online and Social Media Presence

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Photronics Company Culture

  • Overall Culture

    D

    57/100

  • CEO Rating

    F

    47/100

  • Compensation

    D

    54/100

Learn more on Comparably

Photronics News and Updates

Photronics Announces Executive Leadership Changes

BROOKFIELD, Conn., March 14, 2022 (GLOBE NEWSWIRE) -- Photronics, Inc. (Nasdaq: PLAB), a worldwide leader in photomask technologies and solutions, today announced that Dr. Frank Lee, who has led the growth of the business in Asia for more than 15 years, has been named President of the company, eff…

Q1 2022 Financial Results Conference Call

Net income attributable to Photronics, Inc. shareholders of $23.1M ($0.38/share) • Updating long-term target model based upon improving performance and positive demand outlook • Investing in mainstream IC capacity to capitalize on market growth trends

Photronics to Report First Quarter Earnings

Photronics, Inc. (Nasdaq:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to announce financial results for the first quarter of fiscal 2022 on Wednesday, February 23, 2022, before the market opens.

Photronics to Present at 24th Annual Needham Virtual Growth Conference

Photronics, Inc. (Nasdaq:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to present at the 24th Annual Needham Virtual Growth Conference on Friday, January 14, 2022 at 9:15 a.m. Eastern Time.

Photronics stock surges after profit and revenue top forecasts, and upbeat outlook

Shares of Photronics Inc. surged 5.5% in premarket trading Wednesday, after the semiconductor and flat panel display company reported fiscal fourth-quarter profit and revenue that rose above expectations and provided an upbeat outlook for the current quarter. Net income for the quarter to Oct. 31 r…

Photronics Reports Full Year and Fourth Quarter Fiscal 2021 Results

BROOKFIELD, Conn., Dec. 08, 2021 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today reported financial results for its full year and fourth quarter fiscal 2021 ended October 31, 2021.
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Photronics Blogs

Photronics to Present at 24th Annual Needham Virtual Growth Conference

BROOKFIELD, Conn. , Jan. 03, 2022 (GLOBE NEWSWIRE) — Photronics,   Inc. (Nasdaq:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to present at the 24 th Annual Needham Virtual Growth Conference on Friday, January 14, 2022 at 9:15 a.m. Eastern Time . The post Photronics…

Photronics to Present at 23rd Annual Needham Virtual Growth Conference

BROOKFIELD, Conn. , Jan. 08, 2021 (GLOBE NEWSWIRE) — Photronics, Inc. (Nasdaq:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to present at the 23 rd Annual Needham Virtual Growth Conference on Friday, January 15, 2021 at 1:15 p.m. Eastern Time . The post Photronics t…

Photronics to Host Virtual Analyst and Investor Day

BROOKFIELD, Conn. , Nov. 30, 2020 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in supplying innovative imaging technology solutions for the global electronics industry, will host a virtual analyst and investor event on Monday, December 14, 2020 , at 10:00 a.m.

Photronics Announces $100 Million Share Repurchase Program

Photronics Announces $100 Million Share Repurchase Program Content Import Mon, 09/14/2020 - 08:01 Photronics Announces $100 Million Share Repurchase Program September 14, 2020 at 8:00 AM EDT This release is a backfill from a News Wire General …

Photronics Welcomes Daniel Liao to Board of Directors

BROOKFIELD, Conn. , July 16, 2020 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, announced that Daniel Liao will join its Board of Directors as an independent director, effective September 10, 2020 .

Photronics to Present at Virtual Investor Conferences in June

Photronics to Present at Virtual Investor Conferences in June Content Import Thu, 05/28/2020 - 10:01 Photronics to Present at Virtual Investor Conferences in June May 28, 2020 at 10:00 AM EDT This release is a backfill from a News Wire General …
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Photronics Frequently Asked Questions

  • When was Photronics founded?

    Photronics was founded in 1969.

  • Who are Photronics key executives?

    Photronics's key executives are Peter S. Kirlin, Richelle Burr and John Jordan.

  • How many employees does Photronics have?

    Photronics has 1,728 employees.

  • What is Photronics revenue?

    Latest Photronics annual revenue is $663.8 m.

  • What is Photronics revenue per employee?

    Latest Photronics revenue per employee is $384.1 k.

  • Who are Photronics competitors?

    Competitors of Photronics include Rogers Corporation, Atotech and Entegris.

  • Where is Photronics headquarters?

    Photronics headquarters is located at 15 Secor Rd, Brookfield.

  • Where are Photronics offices?

    Photronics has offices in Brookfield, Allen, Boise, Hefei and in 9 other locations.

  • How many offices does Photronics have?

    Photronics has 13 offices.