| 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, 2021 and 2020:
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2021 |
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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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$ |
126,624 |
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$ |
146,952 |
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$ |
167,428 |
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$ |
170,197 |
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| Gross profit |
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30,119 |
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38,473 |
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53,644 |
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54,425 |
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| Operating income |
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2,482 |
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11,652 |
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22,494 |
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17,979 |
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| Net income (loss) from continuing operations |
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(2,748) |
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(7,870) |
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4,689 |
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7,723 |
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| Net income (loss) from discontinued operations, net of tax |
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(89,770) |
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6,520 |
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(75,872) |
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17,712 |
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| Net (loss) income |
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(92,518) |
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(1,350) |
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(71,183) |
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25,435 |
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| Less: Net income (loss) attributable to the noncontrolling interest - discontinued operations |
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117 |
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140 |
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76 |
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— |
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| Net income (loss) attributable to Ecovyst Inc. |
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(92,635) |
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(1,490) |
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(71,259) |
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25,435 |
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| Earnings (loss) per common share - basic |
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| Continuing operations |
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$ |
(0.02) |
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$ |
(0.06) |
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$ |
0.03 |
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$ |
0.06 |
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| Discontinued operations |
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$ |
(0.66) |
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$ |
0.05 |
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$ |
(0.56) |
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$ |
0.13 |
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| Net earnings (loss) per share - basic |
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$ |
(0.68) |
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$ |
(0.01) |
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$ |
(0.52) |
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$ |
0.19 |
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| Earnings (loss) per common share - diluted: |
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| Continuing operations |
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$ |
(0.02) |
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$ |
(0.06) |
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$ |
0.03 |
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$ |
0.06 |
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| Discontinued operations |
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$ |
(0.66) |
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$ |
0.05 |
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$ |
(0.55) |
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$ |
0.13 |
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| Net earnings (loss) per share - diluted |
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$ |
(0.68) |
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$ |
(0.01) |
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$ |
(0.52) |
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$ |
0.18 |
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| Weighted average shares outstanding: |
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| Basic |
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136,006,082 |
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136,095,060 |
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136,129,591 |
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136,256,601 |
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| Diluted |
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136,006,082 |
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136,095,060 |
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137,354,427 |
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137,528,028 |
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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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$ |
125,554 |
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$ |
115,641 |
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$ |
130,675 |
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$ |
124,050 |
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| Gross profit |
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37,704 |
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34,872 |
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40,831 |
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37,546 |
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| Operating income |
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11,974 |
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9,845 |
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18,754 |
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10,993 |
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| Net income from continuing operations |
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(3,347) |
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34,317 |
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(22,658) |
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45,968 |
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| Net income (loss) from discontinued operations, net of tax |
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3,856 |
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(18,071) |
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30,470 |
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(352,239) |
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| Net income |
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509 |
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16,246 |
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7,812 |
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(306,271) |
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| Less: Net income attributable to the noncontrolling interest - discontinued operations |
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285 |
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321 |
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298 |
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(3,837) |
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| Net income attributable to Ecoyvst Inc. |
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224 |
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15,925 |
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7,514 |
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(302,434) |
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| Earnings (loss) per common share - basic: |
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| Continuing operations |
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$ |
(0.03) |
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$ |
0.25 |
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$ |
(0.17) |
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$ |
0.34 |
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| Discontinued operations |
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$ |
0.03 |
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$ |
(0.13) |
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$ |
0.23 |
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$ |
(2.57) |
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| Net earnings per share - basic |
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$ |
— |
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$ |
0.12 |
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$ |
0.06 |
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$ |
(2.23) |
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| Earnings (loss) per common share - diluted: |
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| Continuing operations |
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$ |
(0.03) |
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$ |
0.25 |
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$ |
(0.17) |
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$ |
0.34 |
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| Discontinued operations |
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$ |
0.03 |
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$ |
(0.13) |
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$ |
0.23 |
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$ |
(2.56) |
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| Net earnings per share - diluted |
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$ |
— |
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$ |
0.12 |
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$ |
0.06 |
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$ |
(2.22) |
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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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135,240,897 |
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135,671,830 |
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135,106,969 |
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136,284,272 |
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