George Macricostas

Executive Chairman, PHOTRONICS INC

Search every verified George Macricostas interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. George Macricostas, executive chairman of Photronics, participated in the company’s second quarter fiscal 2025 earnings call on May 29, 2025. During the call, he discussed the company’s financial results, including quarterly revenue of $211 million, a 3% year-over-year decline, and non-GAAP earnings per share of $0.40. He noted that tariff impacts were negligible due to the company’s global production footprint and that U.S. capacity expansion was on track, citing strong demand for G8.6 AMOLED technology. Macricostas addressed capital allocation, stating that the company repurchased $72 million in shares during the quarter and had $23 million remaining under its existing buyback authorization. He said the company would continue to evaluate share repurchases opportunistically against other investment opportunities. He also commented on potential U.S. market opportunities, mentioning that reshoring efforts and geopolitical factors, including actions by customers such as TSMC, could drive future capital deployment decisions.