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Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Net Sales by Segment

Net Sales by Segment

						Second Quarter Ended June 30,												Six Months Ended June 30,
(in thousands)						2024						2023						2024						2023
Petroleum additives
Lubricant additives						$	575,194					$	588,506					$	1,147,109					$	1,191,080
Fuel additives						94,632						95,463						199,981						192,880
Total						669,826						683,969						1,347,090						1,383,960
Specialty materials						38,010						0						55,057						0
All other						2,392						1,161						4,817						3,959
Net sales						$	710,228					$	685,130					$	1,406,964					$	1,387,919

Segment Operating Profit

Segment Operating Profit

						Second Quarter Ended June 30,												Six Months Ended June 30,
(in thousands)						2024						2023						2024						2023
Petroleum additives						$	147,819					$	132,138					$	298,728					$	264,206
Specialty materials						4,972						0						5						0
All other						(1,374)						(1,022)						(1,455)						(1,997)
Segment operating profit						151,417						131,116						297,278						262,209
Corporate, general, and administrative expenses						(3,985)						(6,810)						(9,542)						(13,301)
Interest and financing expenses, net						(15,910)						(10,255)						(31,564)						(21,028)
Other income (expense), net						11,472						10,659						24,515						21,978
Income before income tax expense						$	142,994					$	124,710					$	280,687					$	249,858

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

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-Name Accounting Standards Codification
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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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No definition available.

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