Forterra, inc. (FRTA)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Net sales

330,876

363,149

464,526

410,219

291,858

339,155

434,510

416,087

289,960

-

444,257

436,685

-

-

-

-

-

Cost of goods sold

272,134

296,550

362,362

324,405

250,053

280,400

357,374

340,774

255,595

-

362,150

361,089

-

-

-

-

-

Net sales

-

-

-

-

-

-

-

-

-

-

-

-

338,302

-

441,132

381,723

186,996

Cost of goods sold

-

-

-

-

-

-

-

-

-

-

-

-

299,335

-

339,819

298,632

151,305

Gross profit

58,742

66,599

102,164

85,814

41,805

58,755

77,136

75,313

34,365

56,438

82,107

75,596

38,967

60,359

101,313

83,091

35,691

Selling, general & administrative expenses

54,240

56,505

55,234

58,640

51,391

58,260

48,492

51,263

51,862

63,070

59,366

67,297

65,301

63,023

62,355

57,060

33,661

Impairment and exit charges

824

2,197

510

582

231

445

2,170

276

1,445

216

1,193

11,376

435

1,640

555

23

0

Gain (loss) on sale of property, plant, and equipment, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

Other operating income, net

330

76

815

-376

579

2,659

1,538

4,536

790

-54

2,008

2,010

1,233

5,015

1,946

2,116

1,226

Operating expenses

54,734

-

54,929

59,598

51,043

-

49,124

47,003

52,517

-

-

-

-

-

-

-

-

Income (loss) from operations

4,008

-

47,235

26,216

-9,238

-

28,012

28,310

-18,152

-

-

-

-

-

-

-

-

Operating expenses, including earnings from equity method investments

-

-

-

-

-

-

-

-

-

72,789

55,615

73,321

61,332

77,991

56,818

51,402

31,130

Income (loss) from operations

-

-

-

-

-

-

-

-

-

-16,351

26,492

2,275

-22,365

-17,632

44,495

31,689

4,561

Other income (expense)
Interest expense

20,745

21,250

23,272

25,783

24,665

25,344

21,940

17,745

13,308

13,206

15,582

17,078

13,542

51,163

31,756

24,839

17,290

Loss on extinguishment of debt

-50

-

374

-

0

-

0

-

-

-

-

-

-

-

-

-

-

Earnings from equity method investee

2,799

1,507

3,990

3,402

1,567

2,417

2,224

3,672

1,849

2,911

2,936

3,342

3,171

2,933

4,146

3,565

1,303

Other income (expense), net

-

-

0

0

-

0

0

0

6,016

-1,049

-30,866

0

0

-

-217

-1,177

-

Loss before income taxes

-13,988

-10,436

28,327

3,835

-32,336

-20,218

8,296

14,237

-23,595

27,934

-19,956

-14,803

-35,907

-68,248

12,522

5,673

-12,729

Income tax (expense) benefit

100

-2,757

5,897

881

-7,300

-3,266

2,793

7,243

-3,685

-15,224

-8,454

-3,630

-13,364

-23,106

8,154

-26,173

-10,567

Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-45,142

4,368

31,846

-2,162

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,585

4,000

4,843

-1,774

Net loss

-14,066

-7,676

22,430

2,954

-25,039

-16,952

5,503

6,994

-19,910

43,158

-11,502

-11,173

-22,543

-48,727

8,368

36,689

-3,936

Loss per share:
Basic (in dollars per share)

-

-

0.35

-

-

-

0.09

-

-

-

-0.18

-

-

-

-

-

-

Diluted (in dollars per share)

-

-

0.34

-

-

-

0.09

-

-

-

-0.18

-

-

-

-

-

-

Basic and Diluted earnings (loss) per share:
Continuing operations (in usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.98

0.10

0.70

-0.05

Discontinued operations (in usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.09

0.09

0.11

-0.04

Basic and diluted (in shares)

-0.22

-

-

0.05

-0.39

-

-

0.11

-0.31

-

-

-0.18

-0.35

-1.07

0.19

0.81

-0.09

Weighted average common shares outstanding:
Basic (in shares)

-

-

64,210

64,142

-

-

63,919

63,893

-

-

63,799

63,793

-

-

-

-

-

Diluted (in shares)

-

-

64,998

64,464

-

-

64,269

64,209

-

-

63,799

63,793

-

-

-

-

-

Basic and diluted (in dollars per share)

64,804

-

-

-

64,004

-

-

-

63,838

-

-

-

63,789

60,104

45,369

45,369

45,369