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May 20, 2014
08:23 EDTPLABPhototronics sees Q3 EPS 2c-7c, may not compare to consensus 14c
Sees Q3 revenue $120M-$125M, consensus $116.13M. Sees Q3 taxes $2.5M-$3.5M. Sees FY14 taxes $12M-$14M. Sees FY14 cash CapEx $75M-$90M. Says expects to provide more efficient CapEx allocations in the future. Says in terms of the Impact of the DNP Taiwan joint venture, DNP Taiwan assets were consolidated by Photronics at fair value. Says impact to Photronics consolidated balance sheet increase in net assets of $115M. Says expects at $20M of increased revenues. Expects annual cash synergies of $5M-$7M, to commence in FY15. Says operating expenses, or SG&A and R&D is expected to increase $1M-$2M quarterly on a consolidated basis. Says sees depreciation and amortization, to ramp $3M-$4M quarterly, which is inclusive of all Photronics’ capital expenditures, as well as PDMC’s. Says the company will be able to benefit from assumed Taiwan NOL, reducing cash taxes. The company says its minority interest expenses projected to be $2.5M-$3.5M next quarter. Says expects top-line and EBITDA improvement in FY14 and says it has "excellent growth prospects in 2H14. Says "well positioned" to capture leading market share due to strong financial position and advanced technology. The company also said that it is pleased with the Taiwan integration and expects it to provide "excellent" growth opportunities. Comments taken from slides of the company's Q2 earnings conference call.
News For PLAB From The Last 14 Days
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May 20, 2015
07:36 EDTPLABJPMorgan to hold a conference
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May 19, 2015
08:46 EDTPLABPhototronics says 2015 looks 'progressively stronger'
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08:34 EDTPLABPhototronics sees FY15 CapEx $110M
Sees FY15 taxes $9M-$11M. Expects EBITDA to grow in 2015. Expects top- and bottom-line improvement in 2015.
08:33 EDTPLABPhototronics sees Q3 EPS 6c-13c, consensus 12c
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May 18, 2015
16:33 EDTPLABPhototronics reports Q2 EPS 14c, consensus 10c
Reports Q2 revenue $127.3M, consensus $126.95M. Diluted EPS of 14c includes 2c related to the reduction of foreign tax net operating loss valuation allowance.
15:00 EDTPLABNotable companies reporting after market close
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