Photronics Inc. (PLAB) 2Q FY'2011 Record Sales of $133.1M; Exceeds Guidance of $117 - $121M

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Photronics Incorporated is a leading worldwide manufacturer of photomasks. Photronics’ manufacturing locations in Asia, North America and Europe are strategically located to insure customers can obtain local service, typically in their native language, and product delivery in the shortest time possible
Photronics Incorporated recently reported results for the second quarter ended May 1, 2011. Highlights Include - Sales for the second quarter were $133.1 million, as compared to the guided range of $117 million to $121 million. This is a 27% increase from $105.1 million in revenue reported for the second quarter of fiscal year 2010 - Record non-GAAP net income of $14.8 million or $0.24 earnings per diluted share, as compared to the previously guided range of $0.15 to $0.18. This is an increase of 215% compared to the second quarter of 2010 - Sales for the first six months of 2011 rose 25% to $253.9 million from $203.3 million for the first six months of fiscal 2010