Attached files
| file | filename |
|---|---|
| EX-99.5 - EXHIBIT 99.5 - PHOTRONICS INC | brhc10014680_ex99-5.htm |
| EX-99.4 - EXHIBIT 99.4 - PHOTRONICS INC | brhc10014680_ex99-4.htm |
| EX-99.3 - EXHIBIT 99.3 - PHOTRONICS INC | brhc10014680_ex99-3.htm |
| EX-99.1 - EXHIBIT 99.1 - PHOTRONICS INC | brhc10014680_ex99-1.htm |
| 8-K - 8-K - PHOTRONICS INC | brhc10014680_8k.htm |
Exhibit 99.2
PHOTRONICS, INC.
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
(Unaudited)
|
Three Months Ended
|
Nine Months Ended
|
|||||||||||||||||||
|
August 2,
2020
|
May 3,
2020
|
July 28,
2019
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August 2,
2020
|
July 28,
2019
|
||||||||||||||||
|
Revenue
|
$
|
157,895
|
$
|
142,774
|
$
|
138,112
|
$
|
460,405
|
$
|
394,404
|
||||||||||
|
Cost of goods sold
|
120,161
|
112,341
|
107,542
|
357,636
|
311,721
|
|||||||||||||||
|
Gross profit
|
37,734
|
30,433
|
30,570
|
102,769
|
82,683
|
|||||||||||||||
|
Operating Expenses:
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||||||||||||||||||||
|
Selling, general and administrative
|
13,306
|
13,267
|
13,124
|
40,792
|
40,186
|
|||||||||||||||
|
Research and development
|
4,492
|
4,462
|
4,046
|
13,034
|
11,852
|
|||||||||||||||
|
Total Operating Expenses
|
17,798
|
17,729
|
17,170
|
53,826
|
52,038
|
|||||||||||||||
|
Operating income
|
19,936
|
12,704
|
13,400
|
48,943
|
30,645
|
|||||||||||||||
|
Other (expense) income, net
|
(2,135
|
)
|
(951
|
)
|
(348
|
)
|
610
|
4,692
|
||||||||||||
|
Income before income taxes
|
17,801
|
11,753
|
13,052
|
49,553
|
35,337
|
|||||||||||||||
|
Income tax provision
|
4,937
|
3,781
|
3,218
|
17,789
|
7,883
|
|||||||||||||||
|
Net income
|
12,864
|
7,972
|
9,834
|
31,764
|
27,454
|
|||||||||||||||
|
Net income attributable to noncontrolling interests
|
2,088
|
1,688
|
3,487
|
4,404
|
7,361
|
|||||||||||||||
|
Net income attributable to Photronics, Inc. shareholders
|
$
|
10,776
|
$
|
6,284
|
$
|
6,347
|
$
|
27,360
|
$
|
20,093
|
||||||||||
|
Earnings per share:
|
||||||||||||||||||||
|
Basic
|
$
|
0.17
|
$
|
0.10
|
$
|
0.10
|
$
|
0.42
|
$
|
0.30
|
||||||||||
|
Diluted
|
$
|
0.17
|
$
|
0.10
|
$
|
0.10
|
$
|
0.42
|
$
|
0.30
|
||||||||||
|
Weighted-average number of common shares outstanding:
|
||||||||||||||||||||
|
Basic
|
64,780
|
64,937
|
66,313
|
65,090
|
66,386
|
|||||||||||||||
|
Diluted
|
65,247
|
65,417
|
66,570
|
65,704
|
69,919
|
|||||||||||||||