Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Summary (Unaudited)

v3.19.3.a.u2
Quarterly Financial Summary (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Summary (Unaudited)
28. Quarterly Financial Summary (Unaudited):
The following tables summarize the Company’s quarterly financial results during the years ended December 31, 2019 and 2018:
 
 
2019
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Sales
 
$
359,221

 
$
431,675

 
$
423,801

 
$
352,375

Gross profit
 
80,910

 
115,495

 
112,897

 
81,220

Operating income
 
29,463

 
70,301

 
57,574

 
30,464

Net income
 
3,441

 
30,719

 
26,819

 
19,331

Net income attributable to PQ Group Holdings Inc.
 
3,151

 
30,574

 
26,713

 
19,101

Net income per share:
 
 
 
 
 
 
 
 
Basic income per share
 
$
0.02

 
$
0.23

 
$
0.20

 
$
0.14

Diluted income per share
 
$
0.02

 
$
0.23

 
$
0.20

 
$
0.14

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

 
 
 
 
 
 
 
 
 
 
 
2018
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Sales
 
$
366,197

 
$
434,713

 
$
427,203

 
$
380,041

Gross profit
 
78,121

 
108,404

 
107,500

 
87,609

Operating income
 
28,189

 
49,054

 
48,854

 
57,459

Net income
 
556

 
16,159

 
14,436

 
28,470

Net income attributable to PQ Group Holdings Inc.
 
214

 
15,782

 
14,185

 
28,119

Net income per share:
 
 
 
 
 
 
 
 
Basic income per share
 
$
—

 
$
0.12

 
$
0.11

 
$
0.21

Diluted income per share
 
$
—

 
$
0.12

 
$
0.11

 
$
0.21

Weighted average shares outstanding:
 
 
 
 
 
 
 
 
Basic
 
133,154,144

 
133,222,463

 
133,336,352

 
133,765,294

Diluted
 
133,884,983

 
134,209,740

 
134,576,162

 
134,987,604