PHOTRONICS INC

For the period ended Apr 28, 2024. Filed Jun 7, 2024.

About this filing

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.

Apr 28, 2024 · Filed Jun 7, 2024

PLAB$28.10-2.8%Stored close · as of Nov 10, 2026

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Condensed Consolidated Statements of Income

Statements of Income

(in thousands, except per share amounts)

	Three Months Ended		Six Months Ended
	April 28, 2024	April 30, 2023	April 28, 2024	April 30, 2023
Revenue	$217,000	$229,306	$433,334	$440,397
Cost of goods sold	137,749	140,904	274,828	275,918
Gross profit	79,251	88,402	158,506	164,479
Operating expenses:
Selling, general, and administrative	18,996	17,878	37,317	34,696
Research and development	4,292	3,479	7,736	6,781
Total operating expenses	23,288	21,357	45,053	41,477
Other operating income, net	89	-	89	-
Operating income	56,052	67,045	113,542	123,002
Other income (expense):
Foreign currency transactions impact, net	14,766	10,718	5,858	(6,226)
Interest income and other income, net	5,878	2,987	11,128	5,570
Interest expense	(110)	(134)	(200)	(198)
Income before income tax provision	76,586	80,616	130,328	122,148
Income tax provision	20,214	21,343	34,874	33,925
Net income	56,372	59,273	95,454	88,223
Net income attributable to noncontrolling interests	20,121	19,344	33,023	34,308
Net income attributable to Photronics, Inc. shareholders	$36,251	$39,929	$62,431	$53,915
Earnings per share:
Basic	$0.59	$0.65	$1.01	$0.88
Diluted	$0.58	$0.65	$1.00	$0.88
Weighted-average number of common shares outstanding:
Basic	61,771	61,138	61,613	61,016
Diluted	62,409	61,507	62,346	61,489

Condensed Consolidated Statements of

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.