Enhanced Investments - Financial Portal

Published: 2022-12-13 07:36:40 ET

EX-99.2 3 brhc10045360_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							Year Ended
	October 31, 2022		July 31, 2022			October 31, 2021		October 31, 2022			October 31, 2021

Revenue	$	210,266	$	219,948		$	181,288	$	824,549		$	663,761

Cost of goods sold		129,997		136,085			129,347		530,336			496,717

Gross Profit		80,269		83,863			51,941		294,213			167,044

Operating Expenses:

Selling, general and administrative		15,683		15,960			14,322		63,989			57,525

Research and development		4,045		4,151			4,100		18,341			18,490

Total Operating Expenses		19,728		20,111			18,422		82,330			76,015

Other operating (loss) income, net		-		(23	)		-		(17	)		3,525

Operating Income		60,541		63,729			33,519		211,866			94,554

Non-operating income, net		10,797		3,641			3,809		27,167			7,452

Income Before Income Tax Provision		71,338		67,370			37,328		239,033			102,006

Income tax provision		16,074		18,146			8,697		59,791			23,190

Net Income		55,264		49,224			28,631		179,242			78,816

Net income attributable to noncontrolling interests		18,204		17,994			8,820		60,456			23,367

Net income attributable to Photronics, Inc. shareholders	$	37,060	$	31,230		$	19,811	$	118,786		$	55,449

Earnings per share:

Basic	$	0.61	$	0.51		$	0.33	$	1.96		$	0.90

Diluted	$	0.60	$	0.51		$	0.33	$	1.94		$	0.89

Weighted-average number of common shares outstanding:

Basic		60,773		60,701			60,216		60,559			61,407

Diluted		61,374		61,299			60,908		61,189			61,999

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.