Exhibit 99.5
PHOTRONICS, INC.
Reconciliation of GAAP to Non-GAAP Financial Information
(in thousands)
(Unaudited)
Three Months ended | ||||||||||||
April 28, 2024 | January 28, 2024 | April 30, 2023 | ||||||||||
Reconciliation of GAAP to Non-GAAP Net Income: | ||||||||||||
GAAP Net Income | $ | 36,251 | $ | 26,180 | $ | 39,929 | ||||||
FX (gain) loss | (14,766 | ) | 8,909 | (10,718 | ) | |||||||
Estimated tax effects of above | 3,743 | (2,244 | ) | 2,823 | ||||||||
Estimated noncontrolling interest effects of above | 3,489 | (2,939 | ) | 901 | ||||||||
Non-GAAP Net Income | $ | 28,717 | $ | 29,906 | $ | 32,935 | ||||||
Weighted-average number of common shares outstanding - Diluted | 62,409 | 62,283 | 61,507 | |||||||||
Reconciliation of GAAP to Non-GAAP EPS: | ||||||||||||
GAAP diluted earnings per share | $ | 0.58 | $ | 0.42 | $ | 0.65 | ||||||
Effects of the above adjustments | $ | (0.12 | ) | $ | 0.06 | $ | (0.11 | ) | ||||
Non-GAAP diluted earnings per share | $ | 0.46 | $ | 0.48 | $ | 0.54 |