Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Sales $ 146,952 $ 115,641 $ 273,576 $ 241,195
Cost of goods sold 108,479 80,768 204,984 168,618
Gross profit 38,473 34,873 68,592 72,577
Selling, general and administrative expenses 21,856 20,585 43,986 42,865
Other operating expense, net 4,965 4,442 10,472 7,892
Operating income 11,652 9,846 14,134 21,820
Equity in net (income) from affiliated companies (6,755) (11,468) (11,965) (19,763)
Interest expense, net 8,741 15,136 19,197 30,434
Debt extinguishment costs 11,717 0 11,717 2,513
Other (income) expense, net (1,875) (3,509) 3,299 3,961
(Loss) income from continuing operations before income taxes and noncontrolling interest (176) 9,687 (8,114) 4,675
Provision (benefit) for income taxes 7,694 (24,630) 2,504 (26,295)
Net (loss) income from continuing operations (7,870) 34,317 (10,618) 30,970
Net income (loss) from discontinued operations, net of tax 6,520 (18,070) (83,250) (14,214)
Net (loss) income (1,350) 16,247 (93,868) 16,756
Less: Net income attributable to the noncontrolling interest - discontinued operations 140 321 257 606
Net (loss) income attributable to Ecovyst Inc. (1,490) 15,926 (94,125) 16,150
(Loss) income from continuing operations attributable to Ecovyst Inc. (7,870) 34,317 (10,618) 30,970
Income (loss) from discontinued operations attributable to Ecovyst Inc. $ 6,380 $ (18,391) $ (83,507) $ (14,820)
Net income (loss) per share:        
Basic (loss) income per share - continuing operations $ (0.06) $ 0.25 $ (0.08) $ 0.23
Diluted (loss) income per share - continuing operations (0.06) 0.25 (0.08) 0.23
Basic income (loss) per share - discontinued operations 0.05 (0.14) (0.61) (0.11)
Diluted income (loss) per share - discontinued operations 0.05 (0.14) (0.61) (0.11)
Basic (loss) income per share (0.01) 0.12 (0.69) 0.12
Diluted (loss) income per share $ (0.01) $ 0.12 $ (0.69) $ 0.12
Weighted average shares outstanding:        
Basic (shares) 136,095,060 135,083,126 136,072,165 135,278,764
Diluted (shares) 136,095,060 135,671,830 136,072,165 136,079,540