Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - PHOTRONICS INC | ex99_1.htm |
| EX-99.4 - EXHIBIT 99.4 - PHOTRONICS INC | ex99_4.htm |
| EX-99.3 - EXHIBIT 99.3 - PHOTRONICS INC | ex99_3.htm |
| 8-K - PHOTRONICS, INC 8-K 2-15-2017 - PHOTRONICS INC | form8k.htm |
| EX-99.5 - EXHIBIT 99.5 - PHOTRONICS INC | ex99_5.htm |
Exhibit 99.2
PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
(Unaudited)
|
Three Months Ended
|
||||||||||||
|
January 29,
2017
|
October 30,
2016
|
January 31,
2016
|
||||||||||
|
Net sales
|
$
|
109,831
|
$
|
107,368
|
$
|
129,956
|
||||||
|
Costs and expenses:
|
||||||||||||
|
Cost of sales
|
(86,832
|
)
|
(86,835
|
)
|
(94,520
|
)
|
||||||
|
Gross profit
|
22,999
|
20,533
|
35,436
|
|||||||||
|
Selling, general and administrative
|
(10,871
|
)
|
(10,191
|
)
|
(12,198
|
)
|
||||||
|
Research and development
|
(3,485
|
)
|
(5,041
|
)
|
(5,700
|
)
|
||||||
|
Operating income
|
8,643
|
5,301
|
17,538
|
|||||||||
|
Gain on sale of investment
|
-
|
-
|
8,785
|
|||||||||
|
Other income (expense), net
|
(2,083
|
)
|
(69
|
)
|
878
|
|||||||
|
Income before income taxes
|
6,560
|
5,232
|
27,201
|
|||||||||
|
Income tax provision
|
(2,050
|
)
|
1,337
|
(3,700
|
)
|
|||||||
|
Net income
|
4,510
|
6,569
|
23,501
|
|||||||||
|
Net income attributable to noncontrolling interests
|
(2,564
|
)
|
(1,313
|
)
|
(2,499
|
)
|
||||||
|
Net income attributable to Photronics, Inc. shareholders
|
$
|
1,946
|
$
|
5,256
|
$
|
21,002
|
||||||
|
Earnings per share:
|
||||||||||||
|
Basic
|
$
|
0.03
|
$
|
0.08
|
$
|
0.31
|
||||||
|
Diluted
|
$
|
0.03
|
$
|
0.08
|
$
|
0.28
|
||||||
|
Weighted-average number of common shares outstanding:
|
||||||||||||
|
Basic
|
68,176
|
68,025
|
66,807
|
|||||||||
|
Diluted
|
69,169
|
68,906
|
79,136
|
|||||||||