Ecovyst, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Earnings per Share (Tables)

Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2026

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,
		2026	2025
Weighted average shares outstanding – Basic		110,693,992	117,264,124
Dilutive effect of unvested common shares and RSUs with service conditions, PSUs considered probable of vesting and assumed stock option exercises and conversions		1,098,782	—
Weighted average shares outstanding – Diluted		111,792,774	117,264,124

Calculation of Basic and Diluted Earnings per Share

Basic and diluted income per share are calculated as follows:


	Three months ended March 31,
		2026		2025
Numerator:
Net income (loss) from continuing operations		$	5,746	$	(8,134)
Net (loss) income from discontinued operations, net of tax		(1,432)		4,537
Net income (loss)		$	4,314	$	(3,597)

Denominator:
Weighted average shares outstanding – Basic		110,693,992		117,264,124
Weighted average shares outstanding – Diluted		111,792,774		117,264,124

Net income (loss) per share:
Basic income (loss) per share - continuing operations		$	0.05	$	(0.07)
Diluted income (loss) per share - continuing operations		$	0.05	$	(0.07)
Basic (loss) income per share - discontinued operations		$	(0.01)	$	0.04
Diluted (loss) income per share - discontinued operations		$	(0.01)	$	0.04
Basic income (loss) per share		$	0.04	$	(0.03)
Diluted income (loss) per share		$	0.04	$	(0.03)

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,
		2026	2025


Anti-dilutive RSUs and PSUs		222,852	1,365,654
Anti-dilutive stock options		367,100	367,100