PHOTRONICS INC
For the period ended Jan 28, 2024. Filed Mar 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 28, 2024 · Filed Mar 7, 2024
PLAB$28.10-2.8%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
| Three Months Ended | ||
|---|---|---|
| January 28, 2024 | January 29, 2023 | |
| Revenue | $216,334 | $211,090 |
| Cost of goods sold | 137,079 | 135,013 |
| Gross profit | 79,255 | 76,077 |
| Operating expenses: | ||
| Selling, general, and administrative | 18,321 | 16,818 |
| Research and development | 3,445 | 3,302 |
| Total operating expenses | 21,766 | 20,120 |
| Operating income | 57,489 | 55,957 |
| Other income (expense): | ||
| Foreign currency transactions impact, net | (8,908) | (16,944) |
| Interest income and other income, net | 5,251 | 2,584 |
| Interest expense | (90) | (65) |
| Income before income tax provision | 53,742 | 41,532 |
| Income tax provision | 14,660 | 12,582 |
| Net income | 39,082 | 28,950 |
| Net income attributable to noncontrolling interests | 12,902 | 14,964 |
| Net income attributable to Photronics, Inc. shareholders | $26,180 | $13,986 |
| Earnings per share: | ||
| Basic | $0.43 | $0.23 |
| Diluted | $0.42 | $0.23 |
| Weighted-average number of common shares outstanding: | ||
| Basic | 61,455 | 60,894 |
| Diluted | 62,283 | 61,470 |
Condensed Consolidated Statements ofComprehensive Income
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