Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Summary (Unaudited)

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Quarterly Financial Summary (Unaudited)
12 Months Ended
Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Summary (Unaudited)
27. Quarterly Financial Summary (Unaudited):

The following tables summarize the Company’s quarterly financial results during the years ended December 31, 2021 and 2020:
2021
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Sales $ 126,624  $ 146,952  $ 167,428  $ 170,197 
Gross profit 30,119  38,473  53,644  54,425 
Operating income 2,482  11,652  22,494  17,979 
Net income (loss) from continuing operations (2,748) (7,870) 4,689  7,723 
Net income (loss) from discontinued operations, net of tax (89,770) 6,520  (75,872) 17,712 
Net (loss) income (92,518) (1,350) (71,183) 25,435 
Less: Net income (loss) attributable to the noncontrolling interest - discontinued operations 117  140  76  — 
Net income (loss) attributable to Ecovyst Inc. (92,635) (1,490) (71,259) 25,435 
Earnings (loss) per common share - basic
Continuing operations $ (0.02) $ (0.06) $ 0.03  $ 0.06 
Discontinued operations $ (0.66) $ 0.05  $ (0.56) $ 0.13 
Net earnings (loss) per share - basic $ (0.68) $ (0.01) $ (0.52) $ 0.19 
Earnings (loss) per common share - diluted:
Continuing operations $ (0.02) $ (0.06) $ 0.03  $ 0.06 
Discontinued operations $ (0.66) $ 0.05  $ (0.55) $ 0.13 
Net earnings (loss) per share - diluted $ (0.68) $ (0.01) $ (0.52) $ 0.18 
Weighted average shares outstanding:
Basic 136,006,082  136,095,060  136,129,591  136,256,601 
Diluted 136,006,082  136,095,060  137,354,427  137,528,028 
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 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 income 509  16,246  7,812  (306,271)
Less: Net income attributable to the noncontrolling interest - discontinued operations 285  321  298  (3,837)
Net income attributable to Ecoyvst 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 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 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