Attached files
| file | filename |
|---|---|
| 8-K - 8-K - PHOTRONICS INC | form8k.htm |
| EX-99.5 - EXHIBIT 99.5 - PHOTRONICS INC | ex99_5.htm |
| EX-99.4 - EXHIBIT 99.4 - PHOTRONICS INC | ex99_4.htm |
| EX-99.3 - EXHIBIT 99.3 - PHOTRONICS INC | ex99_3.htm |
| EX-99.1 - EXHIBIT 99.1 - PHOTRONICS INC | ex99_1.htm |
Exhibit 99.2
PHOTRONICS, INC.
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
(Unaudited)
|
Three Months Ended
|
Six Months Ended
|
|||||||||||||||||||
|
May 3,
2020
|
February 2,
2020
|
April 28,
2019
|
May 3,
2020
|
April 28,
2019
|
||||||||||||||||
|
Revenue
|
$
|
142,774
|
$
|
159,736
|
$
|
131,580
|
$
|
302,510
|
$
|
256,291
|
||||||||||
|
Cost of goods sold
|
112,341
|
125,134
|
105,570
|
237,475
|
204,179
|
|||||||||||||||
|
Gross profit
|
30,433
|
34,602
|
26,010
|
65,035
|
52,112
|
|||||||||||||||
|
Operating Expenses:
|
||||||||||||||||||||
|
Selling, general and administrative
|
13,267
|
14,219
|
13,269
|
27,486
|
27,061
|
|||||||||||||||
|
Research and development
|
4,462
|
4,080
|
3,542
|
8,541
|
7,805
|
|||||||||||||||
|
Total Operating Expenses
|
17,729
|
18,299
|
16,811
|
36,027
|
34,866
|
|||||||||||||||
|
Operating income
|
12,704
|
16,303
|
9,199
|
29,008
|
17,246
|
|||||||||||||||
|
Other income (expense), net
|
(951
|
)
|
3,697
|
3,931
|
2,745
|
5,039
|
||||||||||||||
|
Income before income taxes
|
11,753
|
20,000
|
13,130
|
31,753
|
22,285
|
|||||||||||||||
|
Income tax provision
|
3,781
|
9,072
|
3,278
|
12,853
|
4,665
|
|||||||||||||||
|
Net income
|
7,972
|
10,928
|
9,852
|
18,900
|
17,620
|
|||||||||||||||
|
Net income attributable to noncontrolling interests
|
1,688
|
628
|
1,373
|
2,316
|
3,874
|
|||||||||||||||
|
Net income attributable to Photronics, Inc. shareholders
|
$
|
6,284
|
$
|
10,300
|
$
|
8,479
|
$
|
16,584
|
$
|
13,746
|
||||||||||
|
Earnings per share:
|
||||||||||||||||||||
|
Basic
|
$
|
0.10
|
$
|
0.16
|
$
|
0.13
|
$
|
0.25
|
$
|
0.21
|
||||||||||
|
Diluted
|
$
|
0.10
|
$
|
0.16
|
$
|
0.13
|
$
|
0.25
|
$
|
0.20
|
||||||||||
|
Weighted-average number of common shares outstanding:
|
||||||||||||||||||||
|
Basic
|
64,937
|
65,554
|
66,261
|
65,246
|
66,422
|
|||||||||||||||
|
Diluted
|
65,417
|
66,449
|
70,597
|
65,933
|
71,593
|
|||||||||||||||