Photronics Inc. (NASDAQ:PLAB) Q4 2019 Earnings Conference Call - Final Transcript

Dec 11, 2019 • 08:30 am ET


Photronics Inc. (NASDAQ:PLAB) Q4 2019 Earnings Conference Call - Final Transcript


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John P. Jordan

trade discussions between the US and China or from tensions between Korea and Japan could potentially have an adverse impact on our industry and therefore our results.

Given those caveats, we expect first quarter revenue to be in the range of $146 million to $154 million. The first fiscal quarter is typically a seasonally slower quarter for Photronics, but we assume that our IC markets will be stable to improving and the strength in mobile displays will continue to fuel the FPD business. We also anticipate increasing contribution from our new China facilities. Based on this revenue expectation and our current operating model, we estimate earnings for the first quarter to be in the range of $0.13 to $0.18 per diluted share.

At the beginning of 2019, we spoke of a cautious optimism as market conditions appeared challenging, and we needed to complete and equip our new China facilities, but we're encouraged by our financial strength and market position. At the end of the year, looking into 2020, we believe we have performed well and are in a great position. We are financially strong and our market position is better than ever. We are optimistic and look forward to even greater accomplishments next year.

I will now turn the call over to the operator for your questions.