Photronics Q3 2016 Earnings Conference Call

Photronics reported Q3 2016 earnings with sales slightly higher sequentially but down 6% year-over-year, driven by strong FPD growth and momentum in OLED transition, offset by memory headwinds. The company is investing $40M through 2017 in FPD capacity and $160M over five years for a new IC manufacturing facility in China, positioning for long-term growth opportunities.