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Published: 2021-08-25 00:00:00 ET
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Exhibit 99.2
PHOTRONICS, INC.
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
(Unaudited)

   
Three Months Ended
    
Nine Months Ended
  
     
August 1,
2021
      
May 2,
2021
      
August 2,
2020
      
August 1,
2021
      
August 2,
2020
   
                               
Revenue
  
$
170,643
    
$
159,763
    
$
157,895
    
$
482,473
    
$
460,405
  
                                         
Cost of goods sold
    
125,318
      
120,514
      
120,161
      
367,370
      
357,636
  
                                         
Gross Profit
    
45,325
      
39,249
      
37,734
      
115,103
      
102,769
  
                                         
Operating Expenses:
                                        
                                         
Selling, general and administrative
    
15,083
      
14,067
      
13,306
      
43,203
      
40,792
  
                                         
Research and development
    
5,305
      
4,375
      
4,492
      
14,390
      
13,034
  
                                         
Total Operating Expenses
    
20,388
      
18,442
      
17,798
      
57,593
      
53,826
  
                                         
Other operating income, net
    
3,525
      
-
      
-
      
3,525
      
-
  
                                         
Operating Income
    
28,462
      
20,807
      
19,936
      
61,035
      
48,943
  
                                         
Other non-operating income (expense), net
    
3,735
      
(772
)
    
(2,135
)
    
3,643
      
610
  
                                         
Income Before Income Tax Provision
    
32,197
      
20,035
      
17,801
      
64,678
      
49,553
  
                                         
Income tax provision
    
7,842
      
3,714
      
4,937
      
14,493
      
17,789
  
                                         
Net Income
    
24,355
      
16,321
      
12,864
      
50,185
      
31,764
  
                                         
Net income attributable to noncontrolling interests
    
7,279
      
5,795
      
2,088
      
14,547
      
4,404
  
                                         
Net income attributable to Photronics, Inc. shareholders
  
$
17,076
    
$
10,526
    
$
10,776
    
$
35,638
    
$
27,360
  
                                         
Earnings per share:
                                        
                                         
Basic
  
$
0.28
    
$
0.17
    
$
0.17
    
$
0.58
    
$
0.42
  
 
                                        
Diluted
  
$
0.28
    
$
0.17
    
$
0.17
    
$
0.57
    
$
0.42
  
                                         
Weighted-average number of common shares outstanding:
                                        
                                         
Basic
    
60,884
      
62,054
      
64,780
      
61,804
      
65,090
  
 
                                        
Diluted
    
61,515
      
62,568
      
65,247
      
62,362
      
65,704