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-99.3 - EXHIBIT 99.3 - PHOTRONICS INC | ex99_3.htm |
| EX-99.1 - EXHIBIT 99.1 - PHOTRONICS INC | ex99_1.htm |
| 8-K - 8-K - PHOTRONICS INC | form8k.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 29,
2017
|
July 30,
2017
|
October 30,
2016
|
October 29,
2017
|
October 30,
2016
|
||||||||||||||||
|
Revenue
|
$
|
120,971
|
$
|
111,579
|
$
|
107,368
|
$
|
450,678
|
$
|
483,456
|
||||||||||
|
Cost of goods sold
|
(94,529
|
)
|
(89,862
|
)
|
(86,835
|
)
|
(359,363
|
)
|
(364,750
|
)
|
||||||||||
|
Gross profit
|
26,442
|
21,717
|
20,533
|
91,315
|
118,706
|
|||||||||||||||
|
Operating Expenses:
|
||||||||||||||||||||
|
Selling, general and administrative
|
(10,182
|
)
|
(11,639
|
)
|
(10,191
|
)
|
(43,585
|
)
|
(44,577
|
)
|
||||||||||
|
|
||||||||||||||||||||
|
Research and development
|
(3,838
|
)
|
(4,812
|
)
|
(5,041
|
)
|
(15,862
|
)
|
(21,654
|
)
|
||||||||||
|
Total Operating Expenses
|
(14,020
|
)
|
(16,451
|
)
|
(15,232
|
)
|
(59,447
|
)
|
(66,231
|
)
|
||||||||||
|
Operating income
|
12,422
|
5,266
|
5,301
|
31,868
|
52,475
|
|||||||||||||||
|
Gain on sale of investment
|
-
|
-
|
-
|
-
|
8,940
|
|||||||||||||||
|
Other income (expense), net
|
536
|
(134
|
)
|
(69
|
)
|
(5,303
|
)
|
(941
|
)
|
|||||||||||
|
Income before income taxes
|
12,958
|
5,132
|
5,232
|
26,565
|
60,474
|
|||||||||||||||
|
Income tax (provision) benefit
|
(2,462
|
)
|
(333
|
)
|
1,337
|
(5,276
|
)
|
(4,798
|
)
|
|||||||||||
|
Net income
|
10,496
|
4,799
|
6,569
|
21,289
|
55,676
|
|||||||||||||||
|
Net income attributable to noncontrolling interests
|
(5,110
|
)
|
(798
|
)
|
(1,313
|
)
|
(8,159
|
)
|
(9,476
|
)
|
||||||||||
|
Net income attributable to Photronics, Inc. shareholders
|
$
|
5,386
|
$
|
4,001
|
$
|
5,256
|
$
|
13,130
|
$
|
46,200
|
||||||||||
|
Earnings per share:
|
||||||||||||||||||||
|
Basic
|
$
|
0.08
|
$
|
0.06
|
$
|
0.08
|
$
|
0.19
|
$
|
0.68
|
||||||||||
|
Diluted
|
$
|
0.08
|
$
|
0.06
|
$
|
0.08
|
$
|
0.19
|
$
|
0.64
|
||||||||||
|
Weighted-average number of common shares outstanding:
|
||||||||||||||||||||
|
Basic
|
68,615
|
68,525
|
68,025
|
68,436
|
67,539
|
|||||||||||||||
|
Diluted
|
69,218
|
69,380
|
68,906
|
69,288
|
76,354
|
|||||||||||||||