Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Summary (Unaudited) (Tables)

v3.20.4
Quarterly Financial Summary (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
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