Investor Presentaiton
Non-GAAP Financial Measures
PHOTRONICS, INC.
Reconciliation of GAAP to Non-GAAP Financial Information
(in thousands)
(Unaudited)
Three Months ended
Year ended
October 31,
July 30,
2023
2023
October 31,
2022
October 31,
2023
October 31,
2022
Reconciliation of GAAP to Non-GAAP Non-operating (loss) Income:
GAAP Non-operating (loss) income, net
FX (gain) loss
Non-GAAP Non-operating (loss) income, net
$
18,660
(13,234)
$
(911)
$
10,797
$
16,896
$
27,167
4,543
(10,369)
(2,466)
(27,344)
$
5,426
$
3,632
$
428
$
14,430
$
(177)
Reconciliation of GAAP to Non-GAAP Income tax provision:
GAAP Income tax provision
Estimated tax effects of FX (gain) loss
Non-GAAP Income tax provision
20,288
3,437
16,851 $
$
16,098
(1,193)
17,291
$
$
16,074
2,522
13,552
$
70,312
$
59,791
317
5,933
$
69,995
$
53,858
Reconciliation of GAAP to Non-GAAP Noncontrolling interests:
GAAP Noncontrolling interests
$
Estimated noncontrolling interest effects of above
PHOTRONICS, INC.
Non-GAAP Noncontrolling interests
$
18,545 $
2,431
16,114
$
21,296 $
1,328
19,968
18,204
$
1,990
74,149 $
2,676
60,456
4,275
$
16,214
$
71,473 $
56,181
Reconciliation of GAAP to Non-GAAP Net Income:
GAAP Net Income
$
FX (gain) loss
44,611 $
(13,234)
26,959
$
37,060
$
4,543
(10,369)
Estimated tax effects of above
Estimated noncontrolling interest effects of above
Non-GAAP Net Income
3,437
(1,193)
2,522
125,485
(2,466)
317
$
118,786
(27,344)
5,933
2,431
1,328
1,990
2,676
4,275
$
37,245
$
31,637
$
31,203
$
126,012
$
101,650
Weighted-average number of common shares outstanding - Diluted
62,067
61,974
61,374
61,755
61,189
Reconciliation of GAAP to Non-GAAP EPS:
GAAP diluted earnings per share
15
Effects of the above adjustments
Non-GAAP diluted earnings per share
0.72
$
0.44
$
0.60
$
2.03
$
1.94
$
(0.12)
$
0.07
$
(0.10)
$
0.01
$
(0.28)
0.60
$
0.51
$
0.51
$
2.04
$
1.66View entire presentation