|
Three Months Ended
|
Nine Months Ended
|
|||||||||||||||||||
|
July 28,
2024
|
April 28,
2024
|
July 30,
2023
|
July 28,
2024
|
July 30,
2023
|
||||||||||||||||
|
Revenue
|
$
|
210,984
|
$
|
217,000
|
$
|
224,206
|
$
|
644,318
|
$
|
664,603
|
||||||||||
|
Cost of goods sold
|
135,846
|
137,749
|
137,405
|
410,674
|
413,323
|
|||||||||||||||
|
Gross Profit
|
75,138
|
79,251
|
86,801
|
233,644
|
251,280
|
|||||||||||||||
|
Operating Expenses:
|
||||||||||||||||||||
|
Selling, general and administrative
|
19,436
|
18,996
|
18,032
|
56,753
|
52,728
|
|||||||||||||||
|
Research and development
|
3,555
|
4,292
|
3,505
|
11,291
|
10,287
|
|||||||||||||||
|
Total Operating Expenses
|
22,991
|
23,288
|
21,537
|
68,044
|
63,015
|
|||||||||||||||
|
Other operating gain
|
1
|
89
|
-
|
90
|
-
|
|||||||||||||||
|
Operating Income
|
52,148
|
56,052
|
65,264
|
165,690
|
188,265
|
|||||||||||||||
|
Non-operating (loss) income, net
|
10,145
|
20,534
|
(911
|
)
|
26,931
|
(1,764
|
)
|
|||||||||||||
|
Income Before Income Tax Provision
|
62,293
|
76,586
|
64,353
|
192,621
|
186,501
|
|||||||||||||||
|
Income tax provision
|
14,124
|
20,214
|
16,098
|
48,998
|
50,023
|
|||||||||||||||
|
Net Income
|
48,169
|
56,372
|
48,255
|
143,623
|
136,478
|
|||||||||||||||
|
Net income attributable to noncontrolling interests
|
13,781
|
20,121
|
21,296
|
46,804
|
55,604
|
|||||||||||||||
|
Net income attributable to Photronics, Inc. shareholders
|
$
|
34,388
|
$
|
36,251
|
$
|
26,959
|
$
|
96,819
|
$
|
80,874
|
||||||||||
|
Earnings per share:
|
||||||||||||||||||||
|
Basic
|
$
|
0.56
|
$
|
0.59
|
$
|
0.44
|
$
|
1.57
|
$
|
1.32
|
||||||||||
|
Diluted
|
$
|
0.55
|
$
|
0.58
|
$
|
0.44
|
$
|
1.55
|
$
|
1.31
|
||||||||||
|
Weighted-average number of common shares outstanding:
|
||||||||||||||||||||
|
Basic
|
61,815
|
61,771
|
61,233
|
61,681
|
61,089
|
|||||||||||||||
|
Diluted
|
62,414
|
62,409
|
61,974
|
62,369
|
61,650
|
|||||||||||||||