| Quarterly Financial Information |
The following tables summarize the Company’s quarterly financial results during the years ended December 31, 2019 and 2018:
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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
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Sales |
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$ |
359,221 |
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$ |
431,675 |
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$ |
423,801 |
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$ |
352,375 |
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Gross profit |
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80,910 |
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115,495 |
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|
112,897 |
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|
81,220 |
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Operating income |
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29,463 |
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70,301 |
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57,574 |
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30,464 |
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Net income |
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3,441 |
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30,719 |
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26,819 |
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19,331 |
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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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26,713 |
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19,101 |
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Net income per share: |
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Basic income per share |
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$ |
0.02 |
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$ |
0.23 |
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$ |
0.20 |
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$ |
0.14 |
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Diluted income per share |
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$ |
0.02 |
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$ |
0.23 |
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$ |
0.20 |
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$ |
0.14 |
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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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2018 |
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First
Quarter
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Second
Quarter
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Third
Quarter
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Fourth
Quarter
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Sales |
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$ |
366,197 |
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$ |
434,713 |
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$ |
427,203 |
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$ |
380,041 |
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Gross profit |
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78,121 |
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|
108,404 |
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|
107,500 |
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|
87,609 |
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Operating income |
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28,189 |
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49,054 |
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48,854 |
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|
57,459 |
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Net income |
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556 |
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|
16,159 |
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|
14,436 |
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|
28,470 |
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Net income attributable to PQ Group Holdings Inc. |
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214 |
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15,782 |
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14,185 |
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28,119 |
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Net income per share: |
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Basic income per share |
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$ |
— |
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$ |
0.12 |
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$ |
0.11 |
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$ |
0.21 |
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Diluted income per share |
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$ |
— |
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$ |
0.12 |
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$ |
0.11 |
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$ |
0.21 |
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Weighted average shares outstanding: |
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Basic |
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133,154,144 |
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133,222,463 |
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133,336,352 |
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133,765,294 |
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Diluted |
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133,884,983 |
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134,209,740 |
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134,576,162 |
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134,987,604 |
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