PHOTRONICS INC

For the period ended May 4, 2025. Filed Jun 11, 2025.

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.

May 4, 2025 · Filed Jun 11, 2025

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
	May 4, 2025	April 28, 2024	May 4, 2025	April 28, 2024
Revenue	$210,992	$217,000	$423,130	$433,334
Cost of goods sold	133,086	137,749	269,689	274,828
Gross profit	77,906	79,251	153,441	158,506
Operating expenses:
Selling, general, and administrative	18,099	18,996	37,201	37,317
Research and development	4,090	4,292	8,346	7,736
Total operating expenses	22,189	23,288	45,547	45,053
Other operating income, net	-	89	-	89
Operating income	55,717	56,052	107,894	113,542
Other income (expense):
Foreign currency transactions impact, net	(31,111)	14,766	(12,668)	5,858
Interest income and other income, net	5,329	5,878	11,915	11,128
Interest expense	(4)	(110)	(52)	(200)
Income before income tax provision	29,931	76,586	107,089	130,328
Income tax provision	5,714	20,214	24,615	34,874
Net income	24,217	56,372	82,474	95,454
Net income attributable to noncontrolling interests	15,356	20,121	30,762	33,023
Net income attributable to Photronics, Inc. shareholders	$8,861	$36,251	$51,712	$62,431
Earnings per share:
Basic	$0.15	$0.59	$0.84	$1.01
Diluted	$0.15	$0.58	$0.84	$1.00
Weighted-average number of common shares outstanding:
Basic	60,793	61,771	61,443	61,613
Diluted	60,974	62,409	61,817	62,346

Condensed Consolidated Statements of

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