Ecovyst, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Investments in Affiliated Companies (Tables)

Investments in Affiliated Companies (Tables)

9 Months Ended

Sep. 30, 2018

Equity Method Investments and Joint Ventures [Abstract]

The Company accounts for investments in affiliated companies under the equity method. Affiliated companies accounted for on the equity basis as of September 30, 2018 are as follows:



Company	Country	Percent Ownership
PQ Silicates Ltd.	Taiwan	50%
Zeolyst International	USA	50%
Zeolyst C.V.	Netherlands	50%
Quaker Holdings	South Africa	49%

Following is summarized information of the combined investments⁽¹⁾:



	Three months ended September 30,				Nine months ended September 30,
	2018		2017		2018		2017
Net sales	$	74,088	$	83,983	$	271,562	$	225,770
Gross profit	24,495		33,276		100,686		91,862
Operating income	14,594		22,713		72,257		60,408
Net income	14,545		23,819		72,204		63,663


⁽¹⁾	Summarized information of the combined investments is presented at 100%; the Company’s share of the net assets and net income of affiliates is calculated based on the percent ownership specified in the table above.