PHOTRONICS INC

For the period ended Oct 31, 2024. Filed Dec 19, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Dec 19, 2024

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

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Contents

Consolidated Statements of Income

(in thousands, except per share amounts)

	Year Ended
	October 31, 2024	October 31, 2023	October 31, 2022
Revenue	$866,946	$892,076	$824,549
Cost of goods sold	551,000	555,914	530,336
Gross profit	315,946	336,162	294,213
Operating expenses:
Selling, general and administrative	77,760	69,458	63,989
Research and development	16,576	13,654	18,341
Total operating expenses	94,336	83,112	82,330
Other operating expense	(92)	-	(17)
Operating income	221,518	253,050	211,866
Non-operating income (expense):
Foreign currency transactions impacts, net	2,168	2,466	27,344
Interest income and other income, net	24,063	14,863	1,680
Interest expense, net of subsidies	(334)	(433)	(1,857)
Income before income tax provision	247,415	269,946	239,033
Income tax provision	63,567	70,312	59,791
Net income	183,848	199,634	179,242
Net income attributable to noncontrolling interests	53,160	74,149	60,456
Net income attributable to Photronics, Inc. shareholders	$130,688	$125,485	$118,786
Earnings per share:
Basic	2.12	$2.05	$1.96
Diluted	2.09	$2.03	$1.94
Weighted-average number of common shares outstanding:
Basic	61,726	61,139	60,559
Diluted	62,391	61,755	61,189

Consolidated Statements of Comprehensive Income (Loss)

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.