EX-99.5 6 ef20029616_ex99-5.htm EXHIBIT 99.5
Exhibit 99.5

PHOTRONICS, INC.
Reconciliation of GAAP to Non-GAAP Financial Information
(in thousands)
(Unaudited)
 
   
Three Months ended
  

  
April 28,
2024
      
January 28,
2024
      
April 30,
2023
   
                   
Reconciliation of GAAP to Non-GAAP Net Income:
                  
                   
GAAP Net Income
  
$
36,251
    
$
26,180
    
$
39,929
  
FX (gain) loss
    
(14,766
)
    
8,909
      
(10,718
)
Estimated tax effects of above
    
3,743
      
(2,244
)
    
2,823
  
Estimated noncontrolling interest effects of above
    
3,489
      
(2,939
)
    
901
  
Non-GAAP Net Income
  
$
28,717
    
$
29,906
    
$
32,935
  
                         
Weighted-average number of common shares outstanding - Diluted
    
62,409
      
62,283
      
61,507
  
                         
Reconciliation of GAAP to Non-GAAP EPS:
                        
                         
GAAP diluted earnings per share
  
$
0.58
    
$
0.42
    
$
0.65
  
Effects of the above adjustments
  
$
(0.12
)
  
$
0.06
    
$
(0.11
)
Non-GAAP diluted earnings per share
  
$
0.46
    
$
0.48
    
$
0.54