|
Three Months Ended
|
||||||||||||
|
January 29,
2023
|
October 31,
2022
|
January 30,
2022
|
||||||||||
|
Revenue
|
$
|
211,090
|
$
|
210,266
|
$
|
189,827
|
||||||
|
Cost of goods sold
|
135,013
|
129,997
|
129,964
|
|||||||||
|
Gross Profit
|
76,077
|
80,269
|
59,863
|
|||||||||
|
Operating Expenses:
|
||||||||||||
|
Selling, general and administrative
|
16,818
|
15,683
|
15,727
|
|||||||||
|
|
||||||||||||
|
Research and development
|
3,302
|
4,045
|
5,939
|
|||||||||
|
|
||||||||||||
|
Total Operating Expenses
|
20,120
|
19,728
|
21,666
|
|||||||||
|
Operating Income
|
55,957
|
60,541
|
38,197
|
|||||||||
|
Non-operating (loss) income, net
|
(14,425
|
)
|
10,797
|
4,707
|
||||||||
|
Income Before Income Tax Provision
|
41,532
|
71,338
|
42,904
|
|||||||||
|
Income tax provision
|
12,582
|
16,074
|
11,178
|
|||||||||
|
Net Income
|
28,950
|
55,264
|
31,726
|
|||||||||
|
Net income attributable to noncontrolling interests
|
14,964
|
18,204
|
8,662
|
|||||||||
|
Net income attributable to Photronics, Inc. shareholders
|
$
|
13,986
|
$
|
37,060
|
$
|
23,064
|
||||||
|
Earnings per share:
|
||||||||||||
|
Basic
|
$
|
0.23
|
$
|
0.61
|
$
|
0.38
|
||||||
|
|
||||||||||||
|
Diluted
|
$
|
0.23
|
$
|
0.60
|
$
|
0.38
|
||||||
|
Weighted-average number of common shares outstanding:
|
||||||||||||
|
Basic
|
60,894
|
60,773
|
60,158
|
|||||||||
|
|
||||||||||||
|
Diluted
|
61,470
|
61,374
|
60,936
|
|||||||||