Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES        
REVENUES $ 69,371 $ 68,106 $ 134,526 $ 139,847
OPERATING COSTS AND EXPENSES        
Cost of Sales and Processing (including depreciation and amortization of $4,229 and $2,830, respectively) 58,806 59,964 113,888 121,565
GROSS PROFIT 10,565 8,142 20,638 18,282
GENERAL AND ADMINISTRATIVE EXPENSES        
General and administrative 6,081 4,554 12,131 10,889
Depreciation 208 191 421 387
GENERAL AND ADMINISTRATIVE EXPENSES 6,289 4,745 12,552 11,276
OPERATING INCOME 4,276 3,397 8,086 7,006
OTHER INCOME (EXPENSE)        
Interest income 0 14 5 21
Interest expense (1,401) (815) (2,900) (1,693)
Equity in (losses) earnings of AMAK (91) 228 (150) 458
Miscellaneous income (expense), net 284 (13) 256 (39)
OTHER INCOME (EXPENSE) (1,208) (586) (2,789) (1,253)
INCOME BEFORE INCOME TAXES 3,068 2,811 5,297 5,753
INCOME TAX EXPENSE 664 596 1,142 1,186
NET INCOME 2,404 2,215 4,155 4,567
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 0 0 0 0
NET INCOME ATTRIBUTABLE TO TRECORA RESOURCES $ 2,404 $ 2,215 $ 4,155 $ 4,567
Basic Earnings per Common Share        
Net Income Attributable to Trecora Resources (in dollars per share) $ 0.10 $ 0.09 $ 0.17 $ 0.19
Basic Weighted Average Number of Common Shares Outstanding (in shares) 24,696 24,370 24,675 24,354
Diluted Earnings per Common Share        
Net Income Attributable to Trecora Resources (in dollars per share) $ 0.10 $ 0.09 $ 0.17 $ 0.18
Diluted Weighted Average Number of Common Shares Outstanding (in shares) 25,091 25,014 25,089 25,119
Product sales        
REVENUES        
REVENUES $ 65,329 $ 63,569 $ 126,822 $ 130,268
Processing fees        
REVENUES        
REVENUES $ 4,042 $ 4,537 $ 7,704 $ 9,579