Calumet Inc DE
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
CLMT$34.91-3.2%Stored close · as of Nov 10, 2026
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Unaudited Condensed Consolidated Statements of Operations
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · Three Months Ended September 30, · Nine Months Ended September 30, | ||||||||||||
| · 2024 · 2023 · 2024 · 2023 | ||||||||||||
| · (In millions, except share and per share data) | ||||||||||||
| · · · · · (As Restated and Recast) · · · · · (As Restated and Recast) | ||||||||||||
| Sales | | $1,100.4 | | $1,149.4 | | $3,239.9 | | $3,204.5 | ||||
| Cost of sales | | | 1,095.5 | | 887.9 | | | 3,092.7 | | 2,774.9 | ||
| Gross profit | | | 4.9 | | 261.5 | | | 147.2 | | 429.6 | ||
| Operating costs and expenses: | | | | | | | | | | | | |
| Selling | | | 14.9 | | 12.4 | | | 43.7 | | 41.4 | ||
| General and administrative | | | 40.2 | | 40.2 | | | 101.0 | | 103.0 | ||
| Other operating (income) expense | | | 6.9 | | (4.1) | | | 17.1 | | 4.1 | ||
| Operating income (loss) | | | (57.1) | | 213.0 | | | (14.6) | | 281.1 | ||
| | | | | | | | | | | | | |
| Other income (expense): | | | | | | | ||||||
| Interest expense | | | (57.7) | | (58.7) | | | (175.3) | | (163.7) | ||
| Debt extinguishment costs | | | — | | (0.3) | | | (0.3) | | (5.5) | ||
| Gain (loss) on derivative instruments | | | 15.2 | | (54.3) | | | 9.6 | | (14.5) | ||
| Other income (expense) | | | (0.3) | | 0.6 | | | 0.7 | | 0.1 | ||
| Total other expense | | | (42.8) | | (112.7) | | | (165.3) | | (183.6) | ||
| Net income (loss) before income taxes | | | (99.9) | | 100.3 | | | (179.9) | | 97.5 | ||
| Income tax expense | | | 0.7 | | 0.5 | | | 1.4 | | 1.4 | ||
| Net income (loss) | | $(100.6) | | $99.8 | | $(181.3) | | $96.1 | ||||
| Earnings per share: | | | | | ||||||||
| Basic | | $(1.18) | | $1.24 | | $(2.21) | | $1.20 | ||||
| Diluted | | $(1.18) | | $1.24 | | $(2.21) | | $1.20 | ||||
| Average number of common shares outstanding: | | | | | ||||||||
| Basic | | 85,530,080 | | 80,172,810 | | 82,158,405 | | 80,046,930 | ||||
| Diluted | | 85,530,080 | | 80,387,278 | | 82,158,405 | | 80,148,519 | ||||
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