EXHIBIT 99.2

PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)

	Three Months Ended								Year Ended
	October 28				October 29				October 28				October 29
	2007				2006				2007				2006
Net sales	$	101,571			$	115,297			$	421,479			$	454,875
Costs and expenses:
Cost of sales		(81,614		)		(79,166		)		(321,958		)		(307,851		)
Selling, general and administrative		(14,585		)		(15,777		)		(61,507		)		(62,215		)
Research and development		(4,015		)		(4,353		)		(17,300		)		(27,337		)
Consolidation, restructuring, and related charges		-				(2,423		)		-				(15,639		)
Gain on sale of facility		-				-				2,254				-
Operating income		1,357				13,578				22,968				41,833
Other income (expense), net		(96		)		(739		)		916				3,553
Income before income taxes and minority interest		1,261				12,839				23,884				45,386
Income tax (provision) benefit		(784		)		(1,139		)		3,178				(10,462		)
Income before minority interest		477				11,700				27,062				34,924
Minority interest		(115		)		(1,881		)		(2,539		)		(5,592		)
Net income	$	362			$	9,819			$	24,523			$	29,332
Earnings per share:
Basic	$	0.01			$	0.24			$	0.59			$	0.71
Diluted	$	0.01			$	0.21			$	0.56			$	0.66
Weighted average number of common shares
outstanding:
Basic			41,611				41,442				41,539				41,369
Diluted			41,624				51,179				51,282				51,072