Attached files
| file | filename |
|---|---|
| EX-99.5 - EXHIBIT 99.5 - PHOTRONICS INC | ex99_5.htm |
| EX-99.4 - EXHIBIT 99.4 - PHOTRONICS INC | ex99_4.htm |
| EX-99.3 - EXHIBIT 99.3 - PHOTRONICS INC | ex99_3.htm |
| EX-99.1 - EXHIBIT 99.1 - PHOTRONICS INC | ex99_1.htm |
| 8-K - 8-K - PHOTRONICS INC | form8k.htm |
Exhibit 99.2
PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
(Unaudited)
|
Three Months Ended
|
||||||||||||
|
January 28,
2018
|
October 29,
2017
|
January 29,
2017
|
||||||||||
|
Revenue
|
$
|
123,446
|
$
|
120,971
|
$
|
109,831
|
||||||
|
Cost of goods sold
|
(95,784
|
)
|
(94,529
|
)
|
(86,832
|
)
|
||||||
|
Gross profit
|
27,662
|
26,442
|
22,999
|
|||||||||
|
Operating Expenses:
|
||||||||||||
|
Selling, general and administrative
|
(11,750
|
)
|
(10,182
|
)
|
(10,871
|
)
|
||||||
|
Research and development
|
(4,104
|
)
|
(3,838
|
)
|
(3,485
|
)
|
||||||
|
Total Operating Expenses
|
(15,854
|
)
|
(14,020
|
)
|
(14,356
|
)
|
||||||
|
Operating income
|
11,808
|
12,422
|
8,643
|
|||||||||
|
Other (expense) income, net
|
(4,105
|
)
|
536
|
(2,083
|
)
|
|||||||
|
Income before income taxes
|
7,703
|
12,958
|
6,560
|
|||||||||
|
Income tax benefit (provision)
|
1,778
|
(2,462
|
)
|
(2,050
|
)
|
|||||||
|
Net income
|
9,481
|
10,496
|
4,510
|
|||||||||
|
Net income attributable to noncontrolling interests
|
(3,583
|
)
|
(5,110
|
)
|
(2,564
|
)
|
||||||
|
Net income attributable to Photronics, Inc. shareholders
|
$
|
5,898
|
$
|
5,386
|
$
|
1,946
|
||||||
|
Earnings per share:
|
||||||||||||
|
Basic
|
$
|
0.09
|
$
|
0.08
|
$
|
0.03
|
||||||
|
Diluted
|
$
|
0.09
|
$
|
0.08
|
$
|
0.03
|
||||||
|
Weighted-average number of common shares outstanding:
|
||||||||||||
|
Basic
|
68,755
|
68,615
|
68,176
|
|||||||||
|
Diluted
|
69,372
|
69,218
|
69,169
|
|||||||||