Photronics(PLAB)2024-08-30 18:41Revenue and Income - Revenue for the three months ended July 28, 2024, was $210,984,000, 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, 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, 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, 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, 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, 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, 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, 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, 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]