PHOTRONICS, INC.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $450.7M | $483.5M | $524.2M | $455.5M | $422.2M | $450.4M | $512.0M | $425.6M |
| Cost of Revenue | $359.4M | $364.8M | $381.1M | $355.2M | $322.5M | $338.5M | $375.8M | $333.7M |
| Gross Profit | $91.3M | $118.7M | $143.1M | $100.3M | $99.6M | $111.9M | $136.2M | $91.8M |
| Gross Margin | 20.3% | 24.6% | 27.3% | 22.0% | 23.6% | 24.8% | 26.6% | 21.6% |
| Operating Expenses | ||||||||
| Research & Development | $15.9M | $21.7M | $21.9M | $21.9M | $20.8M | $19.4M | $15.5M | $14.9M |
| SG&A Expense | $43.6M | $44.6M | $49.0M | $49.6M | $48.2M | $46.7M | $45.2M | $42.4M |
| Operating Income | $31.9M | $52.5M | $72.2M | $28.8M | $30.7M | $44.4M | $75.5M | $39.5M |
| Operating Margin | 7.1% | 10.9% | 13.8% | 6.3% | 7.3% | 9.9% | 14.7% | 9.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $26.6M | $60.5M | $70.0M | $41.3M | $26.8M | $40.6M | $35.9M | $32.6M |
| Income Tax Expense | $5.3M | $4.8M | $13.2M | $9.3M | $7.2M | $10.8M | $15.7M | $7.5M |
| Net Income | $13.1M | $46.2M | $44.6M | $26.0M | $18.0M | $27.9M | $16.2M | $23.9M |
| Net Margin | 2.9% | 9.6% | 8.5% | 5.7% | 4.3% | 6.2% | 3.2% | 5.6% |
| EPS (Basic) | $0.19 | $0.68 | $0.67 | $0.42 | $0.30 | $0.46 | $0.28 | $0.45 |
| EPS (Diluted) | $0.19 | $0.64 | $0.63 | $0.41 | $0.29 | $0.44 | $0.28 | $0.43 |
| Shares Outstanding (Basic) | 68.4M | 67.5M | 66.3M | 61.8M | 60.6M | 60.1M | 57.0M | 53.4M |
| Shares Outstanding (Diluted) | 69.3M | 76.4M | 78.4M | 66.7M | 61.6M | 76.5M | 58.5M | 65.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |