Photronics, Inc. (PLAB)

Photronics Income Statement

Financials in millions USD. Fiscal year is November - October.

Year	2023	2022	2021	2020	2019
Revenue	892.08	824.55	663.76	609.69	550.66
Revenue Growth (YoY)	8.19%	24.22%	8.87%	10.72%	2.87%
Cost of Revenue	555.91	530.34	496.72	475.04	429.82
Gross Profit	336.16	294.21	167.04	134.65	120.84
Selling, General & Admin	69.46	63.99	57.53	53.58	52.33
Research & Development	13.65	18.34	18.49	17.14	16.39
Other Operating Expenses	0	0.02	-3.53	0	0
Operating Expenses	83.11	82.35	72.49	70.73	68.72
Operating Income	253.05	211.87	94.55	63.93	52.12
Interest Expense / Income	0.43	1.86	1.69	2.37	1.43
Other Expense / Income	56.82	31.43	14.23	6.48	10.69
Pretax Income	195.8	178.58	78.64	55.08	40
Income Tax	70.31	59.79	23.19	21.26	10.21
Net Income	125.49	118.79	55.45	33.82	29.79
Net Income Growth	5.64%	114.23%	63.95%	13.52%	-29.16%
Shares Outstanding (Basic)	61	61	61	65	66
Shares Outstanding (Diluted)	62	61	62	65	69
Shares Change	0.93%	-1.31%	-5.30%	-5.33%	-7.57%
EPS (Basic)	2.05	1.96	0.90	0.52	0.45
EPS (Diluted)	2.03	1.94	0.89	0.52	0.44
EPS Growth	4.64%	117.98%	71.15%	18.18%	-25.42%
Free Cash Flow	170.88	162.85	41.67	72.23	-109.99
Free Cash Flow Per Share	2.79	2.69	0.68	1.11	-1.66
Gross Margin	37.68%	35.68%	25.17%	22.09%	21.94%
Operating Margin	28.37%	25.69%	14.25%	10.49%	9.47%
Profit Margin	14.07%	14.41%	8.35%	5.55%	5.41%
Free Cash Flow Margin	19.16%	19.75%	6.28%	11.85%	-19.97%
Effective Tax Rate	35.91%	33.48%	29.49%	38.60%	25.52%
EBITDA	277.07	260.76	170.72	151.26	125.31
EBITDA Margin	31.06%	31.63%	25.72%	24.81%	22.76%
Depreciation & Amortization	80.84	80.33	90.4	93.81	83.88
EBIT	196.23	180.43	80.32	57.45	41.43
EBIT Margin	22.00%	21.88%	12.10%	9.42%	7.52%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).