Attached files
| file | filename |
|---|---|
| 8-K - 8-K - PHOTRONICS INC | form8k.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 |
Exhibit 99.2
PHOTRONICS, INC.
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
(Unaudited)
|
Three Months Ended
|
Six Months Ended
|
|||||||||||||||||||
|
April 29,
2018 |
January 28,
2018 |
April 30,
2017 |
April 29,
2018 |
April 30,
2017 |
||||||||||||||||
|
Revenue
|
$
|
130,779
|
$
|
123,446
|
$
|
108,297
|
$
|
254,225
|
$
|
218,128
|
||||||||||
|
Cost of goods sold
|
(97,960
|
)
|
(95,784
|
)
|
(88,140
|
)
|
(193,744
|
)
|
(174,972
|
)
|
||||||||||
|
Gross profit
|
32,819
|
27,662
|
20,157
|
60,481
|
43,156
|
|||||||||||||||
|
Operating Expenses:
|
||||||||||||||||||||
|
Selling, general and administrative
|
(13,637
|
)
|
(11,750
|
)
|
(10,894
|
)
|
(25,387
|
)
|
(21,765
|
)
|
||||||||||
|
Research and development
|
(3,817
|
)
|
(4,104
|
)
|
(3,726
|
)
|
(7,921
|
)
|
(7,211
|
)
|
||||||||||
|
Total Operating Expenses
|
(17,454
|
)
|
(15,854
|
)
|
(14,620
|
)
|
(33,308
|
)
|
(28,976
|
)
|
||||||||||
|
Operating income
|
15,365
|
11,808
|
5,537
|
27,173
|
14,180
|
|||||||||||||||
|
Other income (expense), net
|
3,332
|
(4,105
|
)
|
(3,622
|
)
|
(774
|
)
|
(5,705
|
)
|
|||||||||||
|
Income before income taxes
|
18,697
|
7,703
|
1,915
|
26,399
|
8,475
|
|||||||||||||||
|
Income tax (provision) benefit
|
(3,508
|
)
|
1,778
|
(431
|
)
|
(1,729
|
)
|
(2,481
|
)
|
|||||||||||
|
Net income
|
15,189
|
9,481
|
1,484
|
24,670
|
5,994
|
|||||||||||||||
|
Net income attributable to noncontrolling interests
|
(4,524
|
)
|
(3,583
|
)
|
313
|
(8,107
|
)
|
(2,251
|
)
|
|||||||||||
|
Net income attributable to Photronics, Inc. shareholders
|
$
|
10,665
|
$
|
5,898
|
$
|
1,797
|
$
|
16,563
|
$
|
3,743
|
||||||||||
|
Earnings per share:
|
||||||||||||||||||||
|
Basic
|
$
|
0.15
|
$
|
0.09
|
$
|
0.03
|
$
|
0.24
|
$
|
0.05
|
||||||||||
|
Diluted
|
$
|
0.15
|
$
|
0.09
|
$
|
0.03
|
$
|
0.23
|
$
|
0.05
|
||||||||||
|
Weighted-average number of common shares outstanding:
|
||||||||||||||||||||
|
Basic
|
69,293
|
68,755
|
68,426
|
69,024
|
68,301
|
|||||||||||||||
|
Diluted
|
75,190
|
69,372
|
69,385
|
75,052
|
69,277
|
|||||||||||||||