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Photronics(PLAB) - 2024 Q3 - Quarterly Results
PLABPhotronics(PLAB)2024-08-30 18:41

Revenue and Income - Revenue for the three months ended July 28, 2024, was 210,984,000,adecreaseof5.4210,984,000, a decrease of 5.4% from 224,206,000 for the same period in 2023[1] - Net income attributable to Photronics, Inc. shareholders for the three months ended July 28, 2024, was 34,388,000,downfrom34,388,000, down from 36,251,000 in the prior year, representing a decrease of 5.1%[1] - Operating income for the three months ended July 28, 2024, was 52,148,000,adeclineof7.452,148,000, a decline of 7.4% compared to 56,052,000 in the same quarter of 2023[1] Profitability Metrics - Gross profit for the three months ended July 28, 2024, was 75,138,000,down5.375,138,000, down 5.3% from 79,251,000 in the prior year[1] - Basic earnings per share for the three months ended July 28, 2024, was 0.56,comparedto0.56, compared to 0.59 for the same period in 2023, reflecting a decrease of 5.1%[1] Expenses - Research and development expenses for the three months ended July 28, 2024, were 3,555,000,anincreaseof1.43,555,000, an increase of 1.4% from 3,505,000 in the prior year[1] - Total operating expenses for the three months ended July 28, 2024, were 22,991,000,slightlydownfrom22,991,000, slightly down from 23,288,000 in the same quarter of 2023[1] - Income tax provision for the three months ended July 28, 2024, was 14,124,000,downfrom14,124,000, down from 20,214,000 in the same period of 2023[1] Non-Operating Income - Non-operating income for the three months ended July 28, 2024, was 10,145,000,adecreaseof50.710,145,000, a decrease of 50.7% from 20,534,000 in the prior year[1] Share Information - Weighted-average number of diluted shares outstanding for the three months ended July 28, 2024, was 62,414, compared to 62,409 in the prior year[1]