| Quarterly Financial Information |
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 |
|
|
|
|
|
|
|
|
|
|
|