Attached files
| file | filename |
|---|---|
| EX-99.7 - EXHIBIT 99.7 - PHOTRONICS INC | ex99_7.htm |
| EX-99.6 - EXHIBIT 99.6 - PHOTRONICS INC | ex99_6.htm |
| EX-99.5 - EXHIBIT 99.5 - PHOTRONICS INC | ex99_5.htm |
| EX-99.4 - EXHIBIT 99.4 - PHOTRONICS INC | ex99_4.htm |
| EX-99.2 - EXHIBIT 99.2 - PHOTRONICS INC | ex99_2.htm |
| EX-99.1 - EXHIBIT 99.1 - PHOTRONICS INC | ex99_1.htm |
| 8-K - 8-K - PHOTRONICS INC | form8k.htm |
Exhibit 99.3
PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
(Unaudited)
|
Three Months Ended
|
Nine Months Ended
|
|||||||||||||||||||
|
July 30,
|
April 30,
|
July 31,
|
July 30,
|
July 31,
|
||||||||||||||||
|
2017
|
2017
|
2016
|
2017
|
2016
|
||||||||||||||||
|
Net sales
|
$
|
111,579
|
$
|
108,297
|
$
|
123,209
|
$
|
329,707
|
$
|
376,088
|
||||||||||
|
Costs and expenses:
|
||||||||||||||||||||
|
Cost of sales
|
(89,862
|
)
|
(88,140
|
)
|
(91,759
|
)
|
(264,835
|
)
|
(277,915
|
)
|
||||||||||
|
Gross profit
|
21,717
|
20,157
|
31,450
|
64,872
|
98,173
|
|||||||||||||||
|
Selling, general and administrative
|
(11,639
|
)
|
(10,894
|
)
|
(11,163
|
)
|
(33,403
|
)
|
(34,386
|
)
|
||||||||||
|
Research and development
|
(4,812
|
)
|
(3,726
|
)
|
(5,466
|
)
|
(12,023
|
)
|
(16,613
|
)
|
||||||||||
|
Operating income
|
5,266
|
5,537
|
14,821
|
19,446
|
47,174
|
|||||||||||||||
|
Gain on sale of investment
|
-
|
-
|
157
|
-
|
8,940
|
|||||||||||||||
|
Other income (expense), net
|
(134
|
)
|
(3,622
|
)
|
1,237
|
(5,839
|
)
|
(872
|
)
|
|||||||||||
|
Income before income taxes
|
5,132
|
1,915
|
16,215
|
13,607
|
55,242
|
|||||||||||||||
|
Income tax provision
|
(333
|
)
|
(431
|
)
|
(4,762
|
)
|
(2,814
|
)
|
(6,136
|
)
|
||||||||||
|
Net income
|
4,799
|
1,484
|
11,453
|
10,793
|
49,106
|
|||||||||||||||
|
Net loss (income) attributable to noncontrolling interests
|
(798
|
)
|
313
|
(3,365
|
)
|
(3,048
|
)
|
(8,162
|
)
|
|||||||||||
|
Net income attributable to Photronics, Inc. shareholders
|
$
|
4,001
|
$
|
1,797
|
$
|
8,088
|
$
|
7,745
|
$
|
40,944
|
||||||||||
|
Earnings per share:
|
||||||||||||||||||||
|
Basic
|
$
|
0.06
|
$
|
0.03
|
$
|
0.12
|
$
|
0.11
|
$
|
0.61
|
||||||||||
|
Diluted
|
$
|
0.06
|
$
|
0.03
|
$
|
0.12
|
$
|
0.11
|
$
|
0.56
|
||||||||||
|
Weighted-average number of common shares outstanding:
|
||||||||||||||||||||
|
Basic
|
68,525
|
68,426
|
67,953
|
68,376
|
67,377
|
|||||||||||||||
|
Diluted
|
69,380
|
69,385
|
74,317
|
69,311
|
76,990
|
|||||||||||||||