The company’s sales were $602 million for the second quarter of 2020, which was 24% lower than the first quarter of 2020 and 39% lower than the second quarter of 2019.
The sequential decline was across all segments and sectors except gas utilities, which was up $3 million. As compared to the second quarter of 2019, the decrease was across all sectors and segments as the impact of the COVID-19 pandemic and lower commodity prices significantly reduced customer spending. Net loss attributable to common stockholders for the second quarter of 2020was$287million, or $3.50 per diluted share, as compared the second quarter of 2019 net income of $18 million, or $0.21 per diluted share.