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SEC Filings

8-K
FORTERRA, INC. filed this Form 8-K on 08/08/2018
Entire Document
 
EXHIBIT 99.1

Condensed Consolidated Statements of Operations
(in thousands, except per share data)


 
Three months ended
 
Six months ended
 
June 30,
 
June 30,
 
2018
2017
 
2018
2017
 
(unaudited)
 
(unaudited)
Net sales
$
416,087

$
436,685

 
$
706,047

$
774,987

Cost of goods sold
340,774

361,089

 
596,369

660,424

Gross profit
75,313

75,596

 
109,678

114,563

Selling, general & administrative expenses
(51,263
)
(67,297
)
 
(103,125
)
(132,598
)
Impairment and exit charges
(276
)
(11,376
)
 
(1,721
)
(11,811
)
Earnings from equity method investee
3,672

3,342

 
5,521

6,513

Other operating income, net
4,536

2,010

 
5,326

3,243

 
(43,331
)
(73,321
)
 
(93,999
)
(134,653
)
Income (loss) from operations
31,982

2,275

 
15,679

(20,090
)
 
 
 
 
 
 
Other income (expense)
 
 
 
 
 
Interest expense
(17,745
)
(17,078
)
 
(31,053
)
(30,620
)
Other income, net


 
6,016


Income (loss) before income taxes
14,237

(14,803
)
 
(9,358
)
(50,710
)
Income tax benefit (expense)
(7,243
)
3,630

 
(3,558
)
16,994

Net income (loss)
$
6,994

$
(11,173
)
 
$
(12,916
)
$
(33,716
)
 
 
 
 
 
 
Basic and Diluted earnings (loss) per share:
 
 
 
 
 
Net income (loss)
$
0.11

$
(0.18
)
 
$
(0.20
)
$
(0.53
)
 
 
 
 
 
 
Weighted average common shares outstanding:
 
 
 
 
 
Basic
63,893

63,793

 
63,865

63,791

Diluted
64,209

63,793

 
63,865

63,791


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