Joseph Fiorita - Photronics Independent Director

PLAB
 Stock
  

USD 23.71  0.70  2.87%   

  Director
Mr. Joseph A. Fiorita Jr., CPA, is Independent Director of the company. Mr. Fiorita was a partner since 1973 at Fiorita, Kornhaas Company, P.C., an independent certified public accounting firm with offices located in Danbury and Southbury, Connecticut. He is a member of the Connecticut Society of Certified Public Accountants and American Institute of Certified Public Accountants . He serves as an advisory board member of various closelyheld companies and charitable organizations. He is also a Corporationrationrator for Newtown Savings Bank. Mr. Fiorita is Chairman of the Audit Committee and Vice Chairman of the Compensation Committee of the Board. Mr. Fiorita qualifies as an audit committee financial expert as defined under Item 407 of Regulations SK audit committee rules. Mr. Fiorita brings to the Board of Directors broad experience in corporate finance and is highly qualified in the fields of accounting and internal controls, both of which contribute to his effective service on the Board of Directors.
Age: 73  Director Since 1987  CPA    
203 775-9000  www.photronics.com

Photronics Management Efficiency

Photronics has return on total asset (ROA) of 7.03 % which means that it generated profit of $7.03 on every $100 spent on asset. This is normal as compared to the sector avarege. Similarly, it shows return on stockholders equity (ROE) of 12.52 %, meaning that it created $12.52 on every $100 dollars invested by stockholders. Photronics management efficiency ratios could be used to measure how well the company manages its routine affairs as well as how well it operates its assets and liabilities. The current year Return on Invested Capital is expected to grow to 0.1, whereas Return on Investment is forecasted to decline to 7.99. Photronics Goodwill and Intangible Assets are projected to decrease significantly based on the last few years of reporting. The past year's Goodwill and Intangible Assets were at 11.13 Million. The current year Revenue to Assets is expected to grow to 0.61, whereas Total Assets are forecasted to decline to about 1 B.
The company currently holds 86.68 M in liabilities with Debt to Equity (D/E) ratio of 0.08, which may suggest the company is not taking enough advantage from borrowing. Photronics has a current ratio of 3.31, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Photronics until it has trouble settling it off, either with new capital or with free cash flow. So, Photronics' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Photronics sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Photronics to invest in growth at high rates of return. When we think about Photronics' use of debt, we should always consider it together with cash and equity.

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Photronics, Inc., together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, Korea, Europe, China, and internationally. Photronics, Inc. was incorporated in 1969 and is based in Brookfield, Connecticut. Photronics operates under Semiconductor Equipment Materials classification in the United States and is traded on NASDAQ Exchange. It employs 1728 people. Photronics (PLAB) is traded on NASDAQ Exchange in USA and employs 1,728 people.

Photronics Leadership Team

Elected by the shareholders, the Photronics' board of directors comprises two types of representatives: Photronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Photronics. The board's role is to monitor Photronics' management team and ensure that shareholders' interests are well served. Photronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Photronics' outside directors are responsible for providing unbiased perspectives on the board's policies.
Richelle Burr, VP, General Counsel and Secretary
Liang Hsia, Independent Director
Christopher Progler, CTO and VP
Joseph Fiorita, Independent Director
Pete Broadbent, Vice President - Investor Relations & Marketing
Walter Fiederowicz, Lead Independent Director
Sean Smith, CFO and Sr. VP
Constantine Macricostas, Executive Chairman
George Macricostas, Director
John Jordan, CFO, Senior Vice President
Mitchell Tyson, Independent Director
Peter Kirlin, CEO and Director
Troy Dewar, IR Contact Officer
Frank Lee, President of Asia IC Photomask SBU

Photronics Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Photronics a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Is Photronics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Photronics. If investors know Photronics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Photronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
1.65
Market Capitalization
1.5 B
Quarterly Revenue Growth YOY
0.28
Return On Assets
0.0703
Return On Equity
0.13
The market value of Photronics is measured differently than its book value, which is the value of Photronics that is recorded on the company's balance sheet. Investors also form their own opinion of Photronics' value that differs from its market value or its book value, called intrinsic value, which is Photronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Photronics' market value can be influenced by many factors that don't directly affect Photronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Photronics' value and its price as these two are different measures arrived at by different means. Investors typically determine Photronics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Photronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.