Ecovyst, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2024

Reconciliation from Basic to Diluted Weighted Average Shares Outstanding

The reconciliation from basic to diluted weighted average shares outstanding is as follows:


	Three months ended March 31,
		2024	2023
Weighted average shares outstanding – Basic		116,955,043	122,178,867
Dilutive effect of unvested common shares and RSUs with service conditions, PSUs considered probable of vesting and assumed stock option exercises and conversions		496,106	—
Weighted average shares outstanding – Diluted		117,451,149	122,178,867

Calculation of Basic and Diluted Earnings per Share

Basic and diluted income per share are calculated as follows:


	Three months ended March 31,
		2024		2023
Numerator:
Net income (loss)		$	1,221	$	(1,471)

Denominator:
Weighted average shares outstanding – Basic		116,955,043		122,178,867
Weighted average shares outstanding – Diluted		117,451,149		122,178,867

Net income (loss) per share:
Basic income (loss) per share		$	0.01	$	(0.01)
Diluted income (loss) per share		$	0.01	$	(0.01)

Anti-dilutive Shares

The table below presents the details of the Company’s weighted average equity-based awards outstanding during each respective period that were excluded from the calculation of diluted earnings per share:


	Three months ended March 31,
		2024	2023
RSAs with performance only targets not achieved		—	200,096
Stock options with performance only targets not achieved		—	208,968
Anti-dilutive RSUs and PSUs(1)		558,989	432,308
Anti-dilutive stock options(1)		367,100	695,777

(1)Does not include 1,044,098 of RSUs and PSUs, and 352,771 of stock options, for the three months ended March 31, 2023 due to the net loss attributable to Ecovyst Inc. for the period.