Attached files
| file | filename |
|---|---|
| EX-99.6 - EXHIBIT 99.6 - PHOTRONICS INC | ex99_6.htm |
| EX-99.5 - EXHIBIT 99.5 - PHOTRONICS INC | ex99_5.htm |
| EX-99.4 - EXHIBIT 99.4 - PHOTRONICS INC | ex99_4.htm |
| EX-99.2 - EXHIBIT 99.2 - PHOTRONICS INC | ex99_2.htm |
| EX-99.1 - EXHIBIT 99.1 - PHOTRONICS INC | ex99_1.htm |
| 8-K - 8-K - PHOTRONICS INC | form8k.htm |
Exhibit 99.3
PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
(Unaudited)
|
Three Months Ended
|
Six Months Ended
|
|||||||||||||||||||
|
April 30,
2017 |
January 29,
2017 |
May 1,
2016 |
April 30,
2017 |
May 1,
2016 |
||||||||||||||||
|
Net sales
|
$
|
108,297
|
$
|
109,831
|
$
|
122,923
|
$
|
218,128
|
$
|
252,879
|
||||||||||
|
Costs and expenses:
|
||||||||||||||||||||
|
Cost of sales
|
(88,140
|
)
|
(86,832
|
)
|
(91,636
|
)
|
(174,972
|
)
|
(186,156
|
)
|
||||||||||
|
Gross profit
|
20,157
|
22,999
|
31,287
|
43,156
|
66,723
|
|||||||||||||||
|
Selling, general and administrative
|
(10,894
|
)
|
(10,871
|
)
|
(11,024
|
)
|
(21,765
|
)
|
(23,222
|
)
|
||||||||||
|
Research and development
|
(3,726
|
)
|
(3,485
|
)
|
(5,447
|
)
|
(7,211
|
)
|
(11,148
|
)
|
||||||||||
|
Operating income
|
5,537
|
8,643
|
14,816
|
14,180
|
32,353
|
|||||||||||||||
|
Gain on sale of investment
|
-
|
-
|
-
|
-
|
8,785
|
|||||||||||||||
|
Other income (expense), net
|
(3,622
|
)
|
(2,083
|
)
|
(2,989
|
)
|
(5,705
|
)
|
(2,111
|
)
|
||||||||||
|
Income before income taxes
|
1,915
|
6,560
|
11,827
|
8,475
|
39,027
|
|||||||||||||||
|
Income tax (provision) benefit
|
(431
|
)
|
(2,050
|
)
|
2,326
|
(2,481
|
)
|
(1,374
|
)
|
|||||||||||
|
Net income
|
1,484
|
4,510
|
14,153
|
5,994
|
37,653
|
|||||||||||||||
|
Net Loss (income) attributable to noncontrolling interests
|
313
|
(2,564
|
)
|
(2,299
|
)
|
(2,251
|
)
|
(4,797
|
)
|
|||||||||||
|
Net income attributable to Photronics, Inc. shareholders
|
$
|
1,797
|
$
|
1,946
|
$
|
11,854
|
$
|
3,743
|
$
|
32,856
|
||||||||||
|
Earnings per share:
|
||||||||||||||||||||
|
Basic
|
$
|
0.03
|
$
|
0.03
|
$
|
0.18
|
$
|
0.05
|
$
|
0.49
|
||||||||||
|
Diluted
|
$
|
0.03
|
$
|
0.03
|
$
|
0.16
|
$
|
0.05
|
$
|
0.44
|
||||||||||
|
Weighted-average number of common shares outstanding:
|
||||||||||||||||||||
|
Basic
|
68,426
|
68,176
|
67,372
|
68,301
|
67,090
|
|||||||||||||||
|
Diluted
|
69,385
|
69,169
|
77,516
|
69,277
|
78,326
|
|||||||||||||||