Enhanced Investments - Financial Portal

Published: 2023-05-24 06:40:14 ET

EX-99.2 3 brhc20053410_ex99-2.htm EXHIBIT 99.2

Exhibit 99.2

PHOTRONICS, INC.

Condensed Consolidated Statements of Income

(in thousands, except per share amounts)

(Unaudited)

	Three Months Ended							Six Months Ended
	April 30, 2023		January 29, 2023			May 1, 2022		April 30, 2023			May 1, 2022

Revenue	$	229,306	$	211,090		$	204,509	$	440,397		$	394,336

Cost of goods sold		140,904		135,013			134,289		275,918			264,253

Gross Profit		88,402		76,077			70,220		164,479			130,083

Operating Expenses:

Selling, general and administrative		17,878		16,818			16,613		34,696			32,340

Research and development		3,479		3,302			4,206		6,781			10,145

Total Operating Expenses		21,357		20,120			20,819		41,477			42,485

Operating Income		67,045		55,957			49,401		123,002			87,598

Non-operating (loss) income, net		13,571		(14,425	)		8,021		(854	)		12,728

Income Before Income Tax Provision		80,616		41,532			57,422		122,148			100,326

Income tax provision		21,343		12,582			14,393		33,925			25,571

Net Income		59,273		28,950			43,029		88,223			74,755

Net income attributable to noncontrolling interests		19,344		14,964			15,597		34,308			24,259

Net income attributable to Photronics, Inc. shareholders	$	39,929	$	13,986		$	27,432	$	53,915		$	50,496

Earnings per share:

Basic	$	0.65	$	0.23		$	0.45	$	0.88		$	0.84

Diluted	$	0.65	$	0.23		$	0.45	$	0.88		$	0.83

Weighted-average number of common shares outstanding:

Basic		61,138		60,894			60,606		61,016			60,382

Diluted		61,507		61,470			61,145		61,489			61,041

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.