| 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, 2020 and 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
|
|
First
Quarter |
|
Second
Quarter |
|
Third
Quarter |
|
Fourth
Quarter |
| Sales |
|
$ |
295,813 |
|
|
$ |
254,896 |
|
|
$ |
275,149 |
|
|
$ |
281,505 |
|
| Gross profit |
|
72,295 |
|
|
63,662 |
|
|
70,172 |
|
|
67,227 |
|
| Operating income |
|
29,214 |
|
|
20,175 |
|
|
33,310 |
|
|
(245,623) |
|
| Net income (loss) from continuing operations |
|
6,299 |
|
|
7,896 |
|
|
(6,956) |
|
|
(186,702) |
|
| Net income (loss) from discontinued operations, net of tax |
|
(5,790) |
|
|
8,351 |
|
|
11,392 |
|
|
(116,194) |
|
| Net (loss) income |
|
509 |
|
|
16,247 |
|
|
4,436 |
|
|
(302,896) |
|
| Less: Net (loss) income attributable to the noncontrolling interest - continuing operations |
|
234 |
|
|
250 |
|
|
201 |
|
|
(3,883) |
|
| Less: Net income (loss) attributable to the noncontrolling interest - discontinued operations |
|
51 |
|
|
71 |
|
|
97 |
|
|
46 |
|
| Net income (loss) attributable to PQ Group Holdings Inc. |
|
224 |
|
|
15,926 |
|
|
4,138 |
|
|
(299,059) |
|
|
|
|
|
|
|
|
|
|
| Earnings (loss) per common share - basic |
|
|
|
|
|
|
|
|
| Continuing operations |
|
$ |
0.04 |
|
|
$ |
0.06 |
|
|
$ |
(0.05) |
|
|
$ |
(1.35) |
|
| Discontinued operations |
|
$ |
(0.04) |
|
|
$ |
0.06 |
|
|
$ |
0.08 |
|
|
$ |
(0.86) |
|
| Net earnings (loss) per share - basic |
|
$ |
— |
|
|
$ |
0.12 |
|
|
$ |
0.03 |
|
|
$ |
(2.21) |
|
|
|
|
|
|
|
|
|
|
| Earnings (loss) per common share - diluted: |
|
|
|
|
|
|
|
|
| Continuing operations |
|
$ |
0.04 |
|
|
$ |
0.06 |
|
|
$ |
(0.05) |
|
|
$ |
(1.35) |
|
| Discontinued operations |
|
$ |
(0.04) |
|
|
$ |
0.06 |
|
|
$ |
0.08 |
|
|
$ |
(0.86) |
|
| Net earnings (loss) per share - diluted |
|
$ |
— |
|
|
$ |
0.12 |
|
|
$ |
0.03 |
|
|
$ |
(2.21) |
|
|
|
|
|
|
|
|
|
|
| Weighted average shares outstanding: |
|
|
|
|
|
|
|
|
| Basic |
|
135,240,897 |
|
|
135,083,126 |
|
|
135,106,969 |
|
|
135,406,081 |
|
| Diluted |
|
136,086,082 |
|
|
135,671,830 |
|
|
135,979,118 |
|
|
135,406,081 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2019 |
|
|
First
Quarter |
|
Second
Quarter |
|
Third
Quarter |
|
Fourth
Quarter |
| Sales |
|
$ |
297,468 |
|
|
$ |
311,641 |
|
|
$ |
307,271 |
|
|
$ |
283,535 |
|
| Gross profit |
|
67,728 |
|
|
81,863 |
|
|
82,913 |
|
|
65,898 |
|
| Operating income |
|
28,995 |
|
|
48,840 |
|
|
41,191 |
|
|
28,482 |
|
| Net income from continuing operations |
|
6,055 |
|
|
19,404 |
|
|
11,888 |
|
|
28,406 |
|
| Net income (loss) from discontinued operations, net of tax |
|
(2,614) |
|
|
11,315 |
|
|
6,863 |
|
|
(1,007) |
|
| Net income |
|
3,441 |
|
|
30,719 |
|
|
18,751 |
|
|
27,399 |
|
| Less: Net income attributable to the noncontrolling interest - continuing operations |
|
231 |
|
|
101 |
|
|
82 |
|
|
203 |
|
| Less: Net income attributable to the noncontrolling interest - discontinued operations |
|
59 |
|
|
44 |
|
|
24 |
|
|
27 |
|
| Net income attributable to PQ Group Holdings Inc. |
|
3,151 |
|
|
30,574 |
|
|
18,645 |
|
|
27,169 |
|
|
|
|
|
|
|
|
|
|
| Earnings (loss) per common share - basic: |
|
|
|
|
|
|
|
|
| Continuing operations |
|
$ |
0.04 |
|
|
$ |
0.14 |
|
|
$ |
0.09 |
|
|
$ |
0.21 |
|
| Discontinued operations |
|
$ |
(0.02) |
|
|
$ |
0.08 |
|
|
$ |
0.05 |
|
|
$ |
(0.01) |
|
| Net earnings per share - basic |
|
$ |
0.02 |
|
|
$ |
0.23 |
|
|
$ |
0.14 |
|
|
$ |
0.20 |
|
|
|
|
|
|
|
|
|
|
| Earnings (loss) per common share - diluted: |
|
|
|
|
|
|
|
|
| Continuing operations |
|
$ |
0.04 |
|
|
$ |
0.14 |
|
|
$ |
0.09 |
|
|
$ |
0.21 |
|
| Discontinued operations |
|
$ |
(0.02) |
|
|
$ |
0.08 |
|
|
$ |
0.05 |
|
|
$ |
(0.01) |
|
| Net earnings per share - diluted |
|
$ |
0.02 |
|
|
$ |
0.23 |
|
|
$ |
0.14 |
|
|
$ |
0.20 |
|
|
|
|
|
|
|
|
|
|
| Weighted average shares outstanding: |
|
|
|
|
|
|
|
|
| Basic |
|
133,946,308 |
|
|
134,142,552 |
|
|
134,511,819 |
|
|
134,912,212 |
|
| Diluted |
|
134,894,354 |
|
|
135,323,024 |
|
|
135,649,710 |
|
|
136,151,739 |
|
|
|
|
|
|
|
|
|
|
|