| Quarterly Financial Information |
The following tables summarize the Company’s quarterly financial results during the years ended December 31, 2017 and 2016:
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2017 |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
Sales |
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$ |
332,931 |
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$ |
389,267 |
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$ |
391,829 |
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$ |
358,074 |
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Gross profit |
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82,712 |
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107,414 |
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|
102,559 |
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|
84,151 |
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Operating income |
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37,915 |
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55,149 |
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46,558 |
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27,882 |
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Net income (loss) |
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(2,315 |
) |
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(1,670 |
) |
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(3,016 |
) |
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65,564 |
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Net income (loss) attributable to PQ Group Holdings Inc. |
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(2,454 |
) |
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(1,609 |
) |
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(3,345 |
) |
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65,011 |
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Net income (loss) per common share: |
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Basic income (loss) per share |
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$ |
(0.02 |
) |
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$ |
(0.02 |
) |
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$ |
(0.03 |
) |
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$ |
0.49 |
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Diluted income (loss) per share |
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$ |
(0.02 |
) |
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$ |
(0.02 |
) |
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$ |
(0.03 |
) |
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$ |
0.49 |
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Weighted average shares outstanding: |
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Basic |
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103,947,888 |
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104,015,815 |
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104,096,837 |
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133,138,140 |
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Diluted |
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103,947,888 |
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104,015,815 |
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104,096,837 |
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133,895,646 |
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2016 |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
Sales |
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$ |
93,913 |
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$ |
277,554 |
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$ |
369,979 |
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$ |
322,731 |
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Gross profit |
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26,101 |
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|
62,298 |
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|
95,299 |
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|
70,394 |
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Operating income |
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8,048 |
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|
16,749 |
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|
44,254 |
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|
15,139 |
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Net income (loss) |
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(3,131 |
) |
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(76,948 |
) |
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(9,606 |
) |
|
10,527 |
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Net income (loss) attributable to PQ Group Holdings Inc. |
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(3,131 |
) |
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(77,262 |
) |
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(10,017 |
) |
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10,664 |
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Net income (loss) per common share: |
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Basic loss per share |
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$ |
(0.14 |
) |
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$ |
(0.99 |
) |
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$ |
(0.10 |
) |
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$ |
0.10 |
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Diluted loss per share |
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$ |
(0.14 |
) |
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$ |
(0.99 |
) |
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$ |
(0.10 |
) |
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$ |
0.10 |
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Weighted average shares outstanding: |
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Basic |
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22,694,161 |
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77,842,216 |
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103,783,719 |
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103,947,888 |
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Diluted |
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22,694,161 |
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77,842,216 |
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103,783,719 |
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103,947,888 |
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