Attached files
| file | filename |
|---|---|
| EX-99.5 - EXHIBIT 99.5 - PHOTRONICS INC | ex99_5.htm |
| 8-K - 8-K - PHOTRONICS INC | form8k.htm |
| EX-99.1 - EXHIBIT 99.1 - PHOTRONICS INC | ex99_1.htm |
| EX-99.3 - EXHIBIT 99.3 - PHOTRONICS INC | ex99_3.htm |
| EX-99.4 - EXHIBIT 99.4 - PHOTRONICS INC | ex99_4.htm |
Exhibit 99.2
PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
(Unaudited)
|
Three Months Ended
|
Year Ended
|
|||||||||||||||||||
|
October 31,
2018
|
July 29,
2018
|
October 29,
2017
|
October 31,
2018
|
October 29,
2017
|
||||||||||||||||
|
Revenue
|
$
|
144,660
|
$
|
136,391
|
$
|
120,971
|
$
|
535,276
|
$
|
450,678
|
||||||||||
|
Cost of goods sold
|
(109,236
|
)
|
(100,794
|
)
|
(94,529
|
)
|
(403,773
|
)
|
(359,363
|
)
|
||||||||||
|
Gross profit
|
35,424
|
35,597
|
26,442
|
131,503
|
91,315
|
|||||||||||||||
|
Operating Expenses:
|
||||||||||||||||||||
|
Selling, general and administrative
|
(13,504
|
)
|
(12,504
|
)
|
(10,182
|
)
|
(51,395
|
)
|
(43,585
|
)
|
||||||||||
|
Research and development
|
(3,906
|
)
|
(2,653
|
)
|
(3,838
|
)
|
(14,481
|
)
|
(15,862
|
)
|
||||||||||
|
Total Operating Expenses
|
(17,410
|
)
|
(15,157
|
)
|
(14,020
|
)
|
(65,876
|
)
|
(59,447
|
)
|
||||||||||
|
Operating income
|
18,014
|
20,440
|
12,422
|
65,627
|
31,868
|
|||||||||||||||
|
Other income (expense), net
|
2,307
|
1,411
|
536
|
2,944
|
(5,303
|
)
|
||||||||||||||
|
Income before income taxes
|
20,321
|
21,851
|
12,958
|
68,571
|
26,565
|
|||||||||||||||
|
Income tax provision
|
(3,552
|
)
|
(2,054
|
)
|
(2,462
|
)
|
(7,335
|
)
|
(5,276
|
)
|
||||||||||
|
Net income
|
16,769
|
19,797
|
10,496
|
61,236
|
21,289
|
|||||||||||||||
|
Net income attributable to noncontrolling interests
|
(4,282
|
)
|
(6,792
|
)
|
(5,110
|
)
|
(19,181
|
)
|
(8,159
|
)
|
||||||||||
|
Net income attributable to Photronics, Inc. shareholders
|
$
|
12,487
|
$
|
13,005
|
$
|
5,386
|
$
|
42,055
|
$
|
13,130
|
||||||||||
|
Earnings per share:
|
||||||||||||||||||||
|
Basic
|
$
|
0.18
|
$
|
0.19
|
$
|
0.08
|
$
|
0.61
|
$
|
0.19
|
||||||||||
|
Diluted
|
$
|
0.18
|
$
|
0.18
|
$
|
0.08
|
$
|
0.59
|
$
|
0.19
|
||||||||||
|
Weighted-average number of common shares outstanding:
|
||||||||||||||||||||
|
Basic
|
67,894
|
69,374
|
68,615
|
68,829
|
68,436
|
|||||||||||||||
|
Diluted
|
73,921
|
75,258
|
69,218
|
74,821
|
69,288
|
|||||||||||||||