PHOTRONICS INC - 10-Q Summary
Business Context and Reporting Period
This filing covers the nine-month period ended August 1, 1999, for Photronics Inc. The financial data is presented in thousands of dollars.
Key Financial Metrics
| Metric | Value ($000s) |
|---|---|
| Total Revenues | 160,675 |
| Cost of Goods Sold | 114,190 |
| Gross Profit | 46,485 |
| Net Income | 5,925 |
| Earnings Per Share (Basic & Diluted) | 0.25 |
| Total Assets | 387,075 |
| Cash and Equivalents | 7,574 |
| Total Liabilities | 166,037 |
| Long-Term Debt (Bonds) | 115,799 |
| Current Liabilities | 50,238 |
Calculated Margins: Gross Margin is approximately 28.9%. Net Profit Margin is approximately 3.7%.
Material Changes
The filing text does not provide comparative data for the prior period; therefore, material changes versus the prior comparable period cannot be determined from the provided source.
Outlook and Risks
The provided text contains no management commentary, guidance, outlook, or specific discussion of risks and contingencies. No unusual items or discontinued operations were reported for this period.
Investor Verification Checklist
- Verify the full text of the Condensed Consolidated Statement of Earnings and Balance Sheet referenced in the legend.
- Confirm the nature and terms of the $115.8 million in bonds outstanding.
- Assess liquidity given cash of $7.6 million against current liabilities of $50.2 million.
- Review the allowance for doubtful accounts ($235k) relative to receivables ($37.4m).