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