Enhanced Investments - Financial Portal

Published: 2023-12-13 06:20:38 ET

EX-99.2 3 ef20016543_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, 2023		July 30, 2023			October 31, 2022		October 31, 2023		October 31, 2022
	October 31, 2023		July 30, 2023			October 31, 2022		October 31, 2023		October 31, 2022

Revenue	$	227,473	$	224,206		$	210,266	$	892,076	$	824,549

Cost of goods sold		142,591		137,405			129,997		555,914		530,336

Gross Profit		84,882		86,801			80,269		336,162		294,213

Operating Expenses:

Selling, general and administrative		16,731		18,032			15,683		69,458		63,989

Research and development		3,367		3,505			4,045		13,654		18,341

Total Operating Expenses		20,098		21,537			19,728		83,112		82,330

Other operating loss		-		-			-		-		(17	)

Operating Income		64,784		65,264			60,541		253,050		211,866

Non-operating (loss) income, net		18,660		(911	)		10,797		16,896		27,167

Income Before Income Tax Provision		83,444		64,353			71,338		269,946		239,033

Income tax provision		20,288		16,098			16,074		70,312		59,791

Net Income		63,156		48,255			55,264		199,634		179,242

Net income attributable to noncontrolling interests		18,545		21,296			18,204		74,149		60,456

Net income attributable to Photronics, Inc. shareholders	$	44,611	$	26,959		$	37,060	$	125,485	$	118,786

Earnings per share:

Basic	$	0.73	$	0.44		$	0.61	$	2.05	$	1.96

Diluted	$	0.72	$	0.44		$	0.60	$	2.03	$	1.94

Weighted-average number of common shares outstanding:

Basic		61,290		61,233			60,773		61,139		60,559

Diluted		62,067		61,974			61,374		61,755		61,189

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.