Three Months Ended
|
|
|
Nine Months Ended
|
|||||||||||||||||
July 30,
|
|
|
April 30,
|
|
|
July 31,
|
|
|
July 30,
|
|
|
July 31,
|
||||||||
2023
|
|
|
2023
|
|
|
2022
|
|
|
2023
|
|
|
2022
|
||||||||
Revenue
|
$
|
224,206
|
$
|
229,306
|
$
|
219,948
|
$
|
664,603
|
$
|
614,283
|
||||||||||
Cost of goods sold
|
137,405
|
140,904
|
136,085
|
413,323
|
400,338
|
|||||||||||||||
Gross Profit
|
86,801
|
88,402
|
83,863
|
251,280
|
213,945
|
|||||||||||||||
Operating Expenses:
|
||||||||||||||||||||
Selling, general and administrative
|
18,032
|
17,878
|
15,960
|
52,728
|
48,306
|
|||||||||||||||
|
||||||||||||||||||||
Research and development
|
3,505
|
3,479
|
4,151
|
10,287
|
14,297
|
|||||||||||||||
|
||||||||||||||||||||
Total Operating Expenses
|
21,537
|
21,357
|
20,111
|
63,015
|
62,603
|
|||||||||||||||
Other operating loss
|
-
|
-
|
(23
|
)
|
-
|
(17
|
)
|
|||||||||||||
Operating Income
|
65,264
|
67,045
|
63,729
|
188,265
|
151,325
|
|||||||||||||||
Non-operating (loss) income, net
|
(911
|
)
|
13,571
|
3,641
|
(1,764
|
)
|
16,370
|
|||||||||||||
Income Before Income Tax Provision
|
64,353
|
80,616
|
67,370
|
186,501
|
167,695
|
|||||||||||||||
Income tax provision
|
16,098
|
21,343
|
18,146
|
50,023
|
43,717
|
|||||||||||||||
Net Income
|
48,255
|
59,273
|
49,224
|
136,478
|
123,978
|
|||||||||||||||
Net income attributable to noncontrolling interests
|
21,296
|
19,344
|
17,994
|
55,604
|
42,252
|
|||||||||||||||
Net income attributable to Photronics, Inc. shareholders
|
$
|
26,959
|
$
|
39,929
|
$
|
31,230
|
$
|
80,874
|
$
|
81,726
|
||||||||||
Earnings per share:
|
||||||||||||||||||||
Basic
|
$
|
0.44
|
$
|
0.65
|
$
|
0.51
|
$
|
1.32
|
$
|
1.35
|
||||||||||
|
||||||||||||||||||||
Diluted
|
$
|
0.44
|
$
|
0.65
|
$
|
0.51
|
$
|
1.31
|
$
|
1.34
|
||||||||||
Weighted-average number of common shares outstanding:
|
||||||||||||||||||||
Basic
|
61,233
|
61,138
|
60,701
|
61,089
|
60,488
|
|||||||||||||||
|
||||||||||||||||||||
Diluted
|
61,974
|
61,507
|
61,299
|
61,650
|
61,127
|