PHOTRONICS INC

For the period ended Jul 28, 2024. Filed Sep 5, 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.

Jul 28, 2024 · Filed Sep 5, 2024

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

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Contents

Condensed Consolidated Statements of Income

Statements of Income

(in thousands, except per share amounts)

	Three Months Ended		Nine Months Ended
	July 28, 2024	July 30, 2023	July 28, 2024	July 30, 2023
Revenue	$210,984	$224,206	$644,318	$664,603
Cost of goods sold	135,846	137,405	410,674	413,323
Gross profit	75,138	86,801	233,644	251,280
Operating expenses:
Selling, general, and administrative	19,436	18,032	56,753	52,728
Research and development	3,555	3,505	11,291	10,287
Total operating expenses	22,991	21,537	68,044	63,015
Other operating income, net	1	-	90	-
Operating income	52,148	65,264	165,690	188,265
Other income (expense):
Foreign currency transactions impact, net	4,068	(4,543)	9,926	(10,769)
Interest income and other income, net	6,135	3,758	17,263	9,329
Interest expense	(58)	(126)	(258)	(324)
Income before income tax provision	62,293	64,353	192,621	186,501
Income tax provision	14,124	16,098	48,998	50,023
Net income	48,169	48,255	143,623	136,478
Net income attributable to noncontrolling interests	13,781	21,296	46,804	55,604
Net income attributable to Photronics, Inc. shareholders	$34,388	$26,959	$96,819	$80,874
Earnings per share:
Basic	$0.56	$0.44	$1.57	$1.32
Diluted	$0.55	$0.44	$1.55	$1.31
Weighted-average number of common shares outstanding:
Basic	61,815	61,233	61,681	61,089
Diluted	62,414	61,974	62,369	61,650

Condensed Consolidated Statements of

ContentsView on SEC.gov

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