Photronics Reports Fourth Quarter EPS of $.14

Photronics, Inc. PLAB today reported financial results for the fourth quarter and fiscal year ended October 31, 2010.

• Quarterly sales increase 16% year-over-year to $110 million; Annual sales up 18%
• EPS of $0.14 at mid-range of guidance on sales slightly below guidance
• High-end IC photomask sales increased sequentially, and up 121% for the year
• Working capital increased by $9 million sequentially
• Net cash increased $43 million year-over-year