PHOTRONICS INC Earnings Per Share Disclosure
|
Year Ended
|
||||||||||||
|
October 31,
|
October 31,
|
October 31,
|
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|
(in thousands, except for per share data)
|
2025
|
2024
|
2023
|
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|
Net income attributable to Photronics, Inc. shareholders
|
$
|
136,405 |
$
|
130,688 |
$
|
125,485 |
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Weighted-average common shares outstanding (in thousands):
|
||||||||||||
|
Basic
|
59,606 |
61,726 |
61,139 |
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|
Effect of dilutive securities:
|
||||||||||||
|
Share-based payment awards
|
314 |
665 |
616 |
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|
Potentially dilutive common shares
|
314 |
665 |
616 |
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|
Weighted-average common shares-Diluted
|
59,920 |
62,391 |
61,755 |
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| Earnings per share: | ||||||||||||
|
Net Income attributable to Photronics shareholders - Basic
|
$
|
2.29 |
$
|
2.12 |
$
|
2.05 |
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|
Net Income attributable to Photronics shareholders - Diluted
|
$
|
2.28 |
$
|
2.09 |
$
|
2.03 |
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|
Year Ended
|
||||||||||||
|
October 31,
2025
|
October 31,
2024
|
October 31,
2023
|
||||||||||
|
Share-based payment awards, in shares
|
792 |
371 |
136 |
|||||||||
|
Total potentially dilutive shares excluded
|
792 |
371 |
136 |
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Dec 17, 2025 | Showing above |
| 2024 | Dec 19, 2024 | |
| 2023 | Dec 26, 2023 | |
| 2022 | Dec 23, 2022 | |
| 2021 | Dec 17, 2021 | |
| 2020 | Jan 15, 2021 | |
| 2019 | Dec 23, 2019 | |
| 2018 | Dec 21, 2018 | |
| 2017 | Dec 20, 2017 | |
| 2016 | Jan 6, 2017 | |
| 2015 | Jan 7, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.