Exhibit 99.2

PHOTRONICS, INC.

Condensed Consolidated Statements of Income

(in thousands, except per share amounts)

(Unaudited)

	Three Months Ended						Six Months Ended
	April 28, 2019		January 27, 2019		April 29, 2018		April 28, 2019		April 29, 2018
Revenue	$	131,580	$	124,712	$	130,779	$	256,291	$	254,225
Cost of goods sold		105,570		98,610		97,960		204,179		193,744
Gross profit		26,010		26,102		32,819		52,112		60,481
Operating Expenses:
Selling, general and administrative		13,269		13,792		13,637		27,061		25,387
Research and development		3,542		4,263		3,817		7,805		7,921
Total Operating Expenses		16,811		18,055		17,454		34,866		33,308
Operating income		9,199		8,047		15,365		17,246		27,173
Other income (expense), net		3,931		1,108		3,332		5,039		(774	)
Income before income taxes		13,130		9,155		18,697		22,285		26,399
Income tax provision		3,278		1,387		3,508		4,665		1,729
Net income		9,852		7,768		15,189		17,620		24,670
Net income attributable to noncontrolling interests		1,373		2,501		4,524		3,874		8,107
Net income attributable to Photronics, Inc. shareholders	$	8,479	$	5,267	$	10,665	$	13,746	$	16,563
Earnings per share:
Basic	$	0.13	$	0.08	$	0.15	$	0.21	$	0.24
Diluted	$	0.13	$	0.08	$	0.15	$	0.20	$	0.23
Weighted-average number of common shares outstanding:
Basic		66,261		66,583		69,293		66,422		69,024
Diluted		70,597		67,047		75,190		71,593		75,052