| Quarterly Financial Information |
The following tables summarize the Company’s quarterly financial results during the years ended December 31, 2020 and 2019:
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2020 |
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First
Quarter |
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Second
Quarter |
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Third
Quarter |
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Fourth
Quarter |
| Sales |
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$ |
295,813 |
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$ |
254,896 |
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$ |
275,149 |
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$ |
281,505 |
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| Gross profit |
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72,295 |
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63,662 |
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70,172 |
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|
67,227 |
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| Operating income |
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29,214 |
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20,175 |
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33,310 |
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(245,623) |
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| Net income (loss) from continuing operations |
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6,299 |
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7,896 |
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(6,956) |
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(186,702) |
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| Net income (loss) from discontinued operations, net of tax |
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(5,790) |
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8,351 |
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11,392 |
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(116,194) |
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| Net (loss) income |
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509 |
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16,247 |
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4,436 |
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(302,896) |
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| Less: Net (loss) income attributable to the noncontrolling interest - continuing operations |
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234 |
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250 |
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201 |
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(3,883) |
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| Less: Net income (loss) attributable to the noncontrolling interest - discontinued operations |
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51 |
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71 |
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97 |
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46 |
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| Net income (loss) attributable to PQ Group Holdings Inc. |
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224 |
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15,926 |
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4,138 |
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(299,059) |
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| Earnings (loss) per common share - basic |
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| Continuing operations |
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$ |
0.04 |
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$ |
0.06 |
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$ |
(0.05) |
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$ |
(1.35) |
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| Discontinued operations |
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$ |
(0.04) |
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$ |
0.06 |
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$ |
0.08 |
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$ |
(0.86) |
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| Net earnings (loss) per share - basic |
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$ |
— |
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$ |
0.12 |
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$ |
0.03 |
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$ |
(2.21) |
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| Earnings (loss) per common share - diluted: |
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| Continuing operations |
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$ |
0.04 |
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$ |
0.06 |
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$ |
(0.05) |
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$ |
(1.35) |
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| Discontinued operations |
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$ |
(0.04) |
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$ |
0.06 |
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$ |
0.08 |
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$ |
(0.86) |
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| Net earnings (loss) per share - diluted |
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$ |
— |
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$ |
0.12 |
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$ |
0.03 |
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$ |
(2.21) |
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| Weighted average shares outstanding: |
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| Basic |
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135,240,897 |
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135,083,126 |
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135,106,969 |
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135,406,081 |
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| Diluted |
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136,086,082 |
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135,671,830 |
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135,979,118 |
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135,406,081 |
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2019 |
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|
First
Quarter |
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Second
Quarter |
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Third
Quarter |
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Fourth
Quarter |
| Sales |
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$ |
297,468 |
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$ |
311,641 |
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$ |
307,271 |
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$ |
283,535 |
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| Gross profit |
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67,728 |
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81,863 |
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82,913 |
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65,898 |
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| Operating income |
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28,995 |
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48,840 |
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41,191 |
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28,482 |
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| Net income from continuing operations |
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6,055 |
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19,404 |
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11,888 |
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28,406 |
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| Net income (loss) from discontinued operations, net of tax |
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(2,614) |
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11,315 |
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6,863 |
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(1,007) |
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| Net income |
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3,441 |
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30,719 |
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18,751 |
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27,399 |
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| Less: Net income attributable to the noncontrolling interest - continuing operations |
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231 |
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|
101 |
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82 |
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203 |
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| Less: Net income attributable to the noncontrolling interest - discontinued operations |
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59 |
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44 |
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24 |
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27 |
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| Net income attributable to PQ Group Holdings Inc. |
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3,151 |
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30,574 |
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18,645 |
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27,169 |
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| Earnings (loss) per common share - basic: |
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| Continuing operations |
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$ |
0.04 |
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$ |
0.14 |
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$ |
0.09 |
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$ |
0.21 |
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| Discontinued operations |
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$ |
(0.02) |
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$ |
0.08 |
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$ |
0.05 |
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$ |
(0.01) |
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| Net earnings per share - basic |
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$ |
0.02 |
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$ |
0.23 |
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$ |
0.14 |
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$ |
0.20 |
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| Earnings (loss) per common share - diluted: |
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| Continuing operations |
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$ |
0.04 |
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$ |
0.14 |
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$ |
0.09 |
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$ |
0.21 |
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| Discontinued operations |
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$ |
(0.02) |
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$ |
0.08 |
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$ |
0.05 |
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$ |
(0.01) |
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| Net earnings per share - diluted |
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$ |
0.02 |
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$ |
0.23 |
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$ |
0.14 |
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$ |
0.20 |
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| Weighted average shares outstanding: |
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| Basic |
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133,946,308 |
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134,142,552 |
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134,511,819 |
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134,912,212 |
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| Diluted |
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134,894,354 |
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135,323,024 |
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135,649,710 |
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136,151,739 |
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