Quarterly Financial Summary (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2021

The following tables summarize the Company’s quarterly financial results during the years ended December 31, 2021 and 2020:


	2021
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Sales	$	126,624	$	146,952	$	167,428	$	170,197
Gross profit	30,119		38,473		53,644		54,425
Operating income	2,482		11,652		22,494		17,979
Net income (loss) from continuing operations	(2,748)		(7,870)		4,689		7,723
Net income (loss) from discontinued operations, net of tax	(89,770)		6,520		(75,872)		17,712
Net (loss) income	(92,518)		(1,350)		(71,183)		25,435

Less: Net income (loss) attributable to the noncontrolling interest - discontinued operations	117		140		76		—
Net income (loss) attributable to Ecovyst Inc.	(92,635)		(1,490)		(71,259)		25,435

Earnings (loss) per common share - basic
Continuing operations	$	(0.02)	$	(0.06)	$	0.03	$	0.06
Discontinued operations	$	(0.66)	$	0.05	$	(0.56)	$	0.13
Net earnings (loss) per share - basic	$	(0.68)	$	(0.01)	$	(0.52)	$	0.19

Earnings (loss) per common share - diluted:
Continuing operations	$	(0.02)	$	(0.06)	$	0.03	$	0.06
Discontinued operations	$	(0.66)	$	0.05	$	(0.55)	$	0.13
Net earnings (loss) per share - diluted	$	(0.68)	$	(0.01)	$	(0.52)	$	0.18

Weighted average shares outstanding:
Basic	136,006,082		136,095,060		136,129,591		136,256,601
Diluted	136,006,082		136,095,060		137,354,427		137,528,028


	2020
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Sales	$	125,554	$	115,641	$	130,675	$	124,050
Gross profit	37,704		34,872		40,831		37,546
Operating income	11,974		9,845		18,754		10,993
Net income from continuing operations	(3,347)		34,317		(22,658)		45,968
Net income (loss) from discontinued operations, net of tax	3,856		(18,071)		30,470		(352,239)
Net income	509		16,246		7,812		(306,271)

Less: Net income attributable to the noncontrolling interest - discontinued operations	285		321		298		(3,837)
Net income attributable to Ecoyvst Inc.	224		15,925		7,514		(302,434)

Earnings (loss) per common share - basic:
Continuing operations	$	(0.03)	$	0.25	$	(0.17)	$	0.34
Discontinued operations	$	0.03	$	(0.13)	$	0.23	$	(2.57)
Net earnings per share - basic	$	—	$	0.12	$	0.06	$	(2.23)

Earnings (loss) per common share - diluted:
Continuing operations	$	(0.03)	$	0.25	$	(0.17)	$	0.34
Discontinued operations	$	0.03	$	(0.13)	$	0.23	$	(2.56)
Net earnings per share - diluted	$	—	$	0.12	$	0.06	$	(2.22)

Weighted average shares outstanding:
Basic	135,240,897		135,083,126		135,106,969		135,406,081
Diluted	135,240,897		135,671,830		135,106,969		136,284,272