Enhanced Investments - Financial Portal

Published: 2021-12-08 06:30:35 ET

EX-99.2 3 brhc10031620_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, 2021		August 1, 2021		October 31, 2020			October 31, 2021		October 31, 2020

Revenue	$	181,288	$	170,643	$	149,286		$	663,761	$	609,691

Cost of goods sold		129,347		125,318		117,401			496,717		475,037

Gross Profit		51,941		45,325		31,885			167,044		134,654

Operating Expenses:

Selling, general and administrative		14,322		15,083		12,790			57,525		53,582

Research and development		4,100		5,305		4,110			18,490		17,144

Total Operating Expenses		18,422		20,388		16,900			76,015		70,726

Other operating income, net		-		3,525		-			3,525		-

Operating Income		33,519		28,462		14,985			94,554		63,928

Non-operating income (expense), net		3,809		3,735		(2,937	)		7,452		(2,327	)

Income Before Income Tax Provision		37,328		32,197		12,048			102,006		61,601

Income tax provision		8,697		7,842		3,469			23,190		21,258

Net Income		28,631		24,355		8,579			78,816		40,343

Net income attributable to noncontrolling interests		8,820		7,279		2,119			23,367		6,523

Net income attributable to Photronics, Inc. shareholders	$	19,811	$	17,076	$	6,460		$	55,449	$	33,820

Earnings per share:

Basic	$	0.33	$	0.28	$	0.10		$	0.90	$	0.52

Diluted	$	0.33	$	0.28	$	0.10		$	0.89	$	0.52

Weighted-average number of common shares outstanding:

Basic		60,216		60,884		64,193			61,407		64,866

Diluted		60,908		61,515		64,768			61,999		65,470

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.