Three Months Ended
|
Six Months Ended
|
|||||||||||||||||||
April 28,
2024
|
January 28,
2024
|
April 30,
2023
|
April 28,
2024
|
April 30,
2023
|
||||||||||||||||
Revenue
|
$
|
217,000
|
$
|
216,334
|
$
|
229,306
|
$
|
433,334
|
$
|
440,397
|
||||||||||
Cost of goods sold
|
137,749
|
137,079
|
140,904
|
274,828
|
275,918
|
|||||||||||||||
Gross Profit
|
79,251
|
79,255
|
88,402
|
158,506
|
164,479
|
|||||||||||||||
Operating Expenses:
|
||||||||||||||||||||
Selling, general and administrative
|
18,996
|
18,321
|
17,878
|
37,317
|
34,696
|
|||||||||||||||
|
||||||||||||||||||||
Research and development
|
4,292
|
3,445
|
3,479
|
7,736
|
6,781
|
|||||||||||||||
|
||||||||||||||||||||
Total Operating Expenses
|
23,288
|
21,766
|
21,357
|
45,053
|
41,477
|
|||||||||||||||
Other operating gain
|
89
|
-
|
-
|
89
|
-
|
|||||||||||||||
Operating Income
|
56,052
|
57,489
|
67,045
|
113,542
|
123,002
|
|||||||||||||||
Non-operating (loss) income, net
|
20,534
|
(3,747
|
)
|
13,571
|
16,786
|
(854
|
)
|
|||||||||||||
Income Before Income Tax Provision
|
76,586
|
53,742
|
80,616
|
130,328
|
122,148
|
|||||||||||||||
Income tax provision
|
20,214
|
14,660
|
21,343
|
34,874
|
33,925
|
|||||||||||||||
Net Income
|
56,372
|
39,082
|
59,273
|
95,454
|
88,223
|
|||||||||||||||
Net income attributable to noncontrolling interests
|
20,121
|
12,902
|
19,344
|
33,023
|
34,308
|
|||||||||||||||
Net income attributable to Photronics, Inc. shareholders
|
$
|
36,251
|
$
|
26,180
|
$
|
39,929
|
$
|
62,431
|
$
|
53,915
|
||||||||||
Earnings per share:
|
||||||||||||||||||||
Basic
|
$
|
0.59
|
$
|
0.43
|
$
|
0.65
|
$
|
1.01
|
$
|
0.88
|
||||||||||
|
||||||||||||||||||||
Diluted
|
$
|
0.58
|
$
|
0.42
|
$
|
0.65
|
$
|
1.00
|
$
|
0.88
|
||||||||||
Weighted-average number of common shares outstanding:
|
||||||||||||||||||||
Basic
|
61,771
|
61,455
|
61,138
|
61,613
|
61,016
|
|||||||||||||||
|
||||||||||||||||||||
Diluted
|
62,409
|
62,283
|
61,507
|
62,346
|
61,489
|