Current report filing

Quarterly Financial Summary (Unaudited)

v3.21.2
Quarterly Financial Summary (Unaudited)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
27. Quarterly Financial Summary (Unaudited):
The following tables summarize the Company’s quarterly financial results during the years ended December 31, 2020 and 2019:
 
    
2020
 
    
First

Quarter
    
Second

Quarter
    
Third

Quarter
    
Fourth

Quarter
 
Sales
  
$
125,554
 
  
$
115,641
 
  
$
130,675
 
  
$
124,050
 
Gross profit
     37,704        34,872        40,831        37,546  
Operating income
     11,974        9,845        18,754        10,993  
Net income (loss) from continuing operations
     (3,347 )       34,317        (22,658 )       45,968  
Net income (loss) from discontinued operations, net of tax
     3,856        (18,071 )       30,470        (352,239 ) 
Net (loss) income
     509        16,246        7,812        (306,271 ) 
Less: Net (loss) income attributable to the noncontrolling interest - discontinued operations
     285        321        298        (3,837 ) 
Net income (loss) attributable to Ecovyst Inc.
     224        15,925        7,514        (302,434 ) 
Earnings (loss) per common share - basic
                                   
Continuing operations
  
$
(0.03
) 
  
$
0.25
 
  
$
(0.17
) 
  
$
0.34
 
Discontinued operations
  
$
0.03
 
  
$
(0.13
) 
  
$
0.23
 
  
$
(2.57
) 
Net earnings (loss) per share - basic
  
$
—
  
 
  
$
0.12
 
  
$
0.06
 
  
$
(2.23
) 
Earnings (loss) per common share - diluted:
                                   
Continuing operations
  
$
(0.03
) 
  
$
0.25
 
  
$
(0.17
) 
  
$
0.34
 
Discontinued operations
  
$
0.03
 
  
$
(0.13
) 
  
$
0.23
 
  
$
(2.56
) 
Net earnings (loss) per share - diluted
  
$
—
  
 
  
$
0.12
 
  
$
0.06
 
  
$
(2.22
) 
Weighted average shares outstanding:
                                   
Basic
     135,240,897        135,083,126        135,106,969        135,406,081  
Diluted
     135,240,897        135,671,830        135,106,969        136,284,272  
 
    
2019
 
    
First

Quarter
    
Second

Quarter
    
Third

Quarter
    
Fourth

Quarter
 
Sales
  
$
121,709
 
  
$
138,148
 
  
$
143,947
 
  
$
128,943  
Gross profit
     33,895        45,034        49,984        38,297  
Operating income
     11,650        18,346        24,811        11,160  
Net income from continuing operations
     (406 )       7,330        14,264        9,932  
Net income (loss) from discontinued operations, net of tax
     3,850        23,393        12,546        9,401  
Net income
     3,444        30,723        26,810        19,333  
Less: Net income attributable to the noncontrolling interest - discontinued operations
     290        145        106        230  
Net income attributable to Ecoyvst Inc.
     3,154        30,578        26,704        19,103  
Earnings (loss) per common share - basic:
                                   
Continuing operations
  
$
—
  
 
  
$
0.06
 
  
$
0.11
 
  
$
0.07
 
Discontinued operations
  
$
0.02
 
  
$
0.17
 
  
$
0.09
 
  
$
0.07
 
Net earnings per share - basic
  
$
0.02
 
  
$
0.23
 
  
$
0.20
 
  
$
0.14
 
Earnings (loss) per common share - diluted:
                                   
Continuing operations
  
$
—
  
 
  
$
0.06
 
  
$
0.11
 
  
$
0.07
 
Discontinued operations
  
$
0.02
 
  
$
0.17
 
  
$
0.09
 
  
$
0.07
 
Net earnings per share - diluted
  
$
0.02
 
  
$
0.23
 
  
$
0.20
 
  
$
0.14
 
Weighted average shares outstanding:
                                   
Basic
     133,946,308        134,142,552        134,511,819        134,912,212  
Diluted
     133,946,308        135,323,024        135,649,710        136,151,739