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
|
Nine Months Ended
|
|||||||||||||||||||
|
July 29,
2018
|
April 29,
2018
|
July 30,
2017
|
July 29,
2018
|
July 30,
2017
|
||||||||||||||||
|
Revenue
|
$
|
136,391
|
$
|
130,779
|
$
|
111,579
|
$
|
390,616
|
$
|
329,707
|
||||||||||
|
Cost of goods sold
|
(100,794
|
)
|
(97,960
|
)
|
(89,862
|
)
|
(294,538
|
)
|
(264,835
|
)
|
||||||||||
|
Gross profit
|
35,597
|
32,819
|
21,717
|
96,078
|
64,872
|
|||||||||||||||
|
Operating Expenses:
|
||||||||||||||||||||
|
Selling, general and administrative
|
(12,504
|
)
|
(13,637
|
)
|
(11,639
|
)
|
(37,891
|
)
|
(33,403
|
)
|
||||||||||
|
Research and development
|
(2,653
|
)
|
(3,817
|
)
|
(4,812
|
)
|
(10,574
|
)
|
(12,023
|
)
|
||||||||||
|
Total Operating Expenses
|
(15,157
|
)
|
(17,454
|
)
|
(16,451
|
)
|
(48,465
|
)
|
(45,426
|
)
|
||||||||||
|
Operating income
|
20,440
|
15,365
|
5,266
|
47,613
|
19,446
|
|||||||||||||||
|
Other income (expense), net
|
1,411
|
3,332
|
(134
|
)
|
637
|
(5,839
|
)
|
|||||||||||||
|
Income before income taxes
|
21,851
|
18,697
|
5,132
|
48,250
|
13,607
|
|||||||||||||||
|
Income tax provision
|
(2,054
|
)
|
(3,508
|
)
|
(333
|
)
|
(3,783
|
)
|
(2,814
|
)
|
||||||||||
|
Net income
|
19,797
|
15,189
|
4,799
|
44,467
|
10,793
|
|||||||||||||||
|
Net income attributable to noncontrolling interests
|
(6,792
|
)
|
(4,524
|
)
|
(798
|
)
|
(14,899
|
)
|
(3,048
|
)
|
||||||||||
|
Net income attributable to Photronics, Inc. shareholders
|
$
|
13,005
|
$
|
10,665
|
$
|
4,001
|
$
|
29,568
|
$
|
7,745
|
||||||||||
|
Earnings per share:
|
||||||||||||||||||||
|
Basic
|
$
|
0.19
|
$
|
0.15
|
$
|
0.06
|
$
|
0.43
|
$
|
0.11
|
||||||||||
|
Diluted
|
$
|
0.18
|
$
|
0.15
|
$
|
0.06
|
$
|
0.41
|
$
|
0.11
|
||||||||||
|
Weighted-average number of common shares outstanding:
|
||||||||||||||||||||
|
Basic
|
69,374
|
69,293
|
68,525
|
69,141
|
68,376
|
|||||||||||||||
|
Diluted
|
75,258
|
75,190
|
69,380
|
75,121
|
69,311
|
|||||||||||||||