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v3.24.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Information [Abstract] |
Operating Results by Segment | Operating results by segment for the periods presented are as follows:
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Corporate & Other |  |  | Consolidated |
Three months ended September 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 194,222 |  |  | $ | 156,672 |  |  | $ | 41,719 |  |  | $ | - |  |  | $ | 392,613 |
Intersegment revenue |  |  | 9,057 |  |  |  | 5,408 |  |  |  | 59 |  |  |  | - |  |  |  | 14,524 |
Total revenue |  | $ | 203,279 |  |  | $ | 162,080 |  |  | $ | 41,778 |  |  | $ | - |  |  | $ | 407,137 |
Operating income (loss) |  | $ | 25,862 |  |  | $ | 29,806 |  |  | $ | 9,307 |  |  | $ | (14,455 | ) |  | $ | 50,520 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,696 |  |  |  | 7,696 |
Earnings (loss) before income taxes |  | $ | 25,862 |  |  | $ | 29,806 |  |  | $ | 9,307 |  |  | $ | (22,151 | ) |  | $ | 42,824 |
Three months ended September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 185,029 |  |  | $ | 142,026 |  |  | $ | 36,774 |  |  | $ | - |  |  | $ | 363,829 |
Intersegment revenue |  |  | 5,968 |  |  |  | 2,913 |  |  |  | - |  |  |  | - |  |  |  | 8,881 |
Total revenue |  | $ | 190,997 |  |  | $ | 144,939 |  |  | $ | 36,774 |  |  | $ | - |  |  | $ | 372,710 |
Operating income (loss) |  | $ | 23,078 |  |  | $ | 22,925 |  |  | $ | 8,095 |  |  | $ | (9,567 | ) |  | $ | 44,531 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 6,294 |  |  |  | 6,294 |
Earnings (loss) before income taxes |  | $ | 23,078 |  |  | $ | 22,925 |  |  | $ | 8,095 |  |  | $ | (15,861 | ) |  | $ | 38,237 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Corporate & Other |  |  | Consolidated |
Nine months ended September 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 584,264 |  |  | $ | 475,961 |  |  | $ | 120,583 |  |  | $ | - |  |  | $ | 1,180,808 |
Intersegment revenue |  |  | 21,320 |  |  |  | 13,844 |  |  |  | 81 |  |  |  | - |  |  |  | 35,245 |
Total revenue |  | $ | 605,584 |  |  | $ | 489,805 |  |  | $ | 120,664 |  |  | $ | - |  |  | $ | 1,216,053 |
Operating income (loss) |  | $ | 75,749 |  |  | $ | 92,987 |  |  | $ | 25,963 |  |  | $ | (45,116 | ) |  | $ | 149,583 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 22,394 |  |  |  | 22,394 |
Earnings (loss) before income taxes |  | $ | 75,749 |  |  | $ | 92,987 |  |  | $ | 25,963 |  |  | $ | (67,510 | ) |  | $ | 127,189 |
Nine months ended September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 538,753 |  |  | $ | 455,507 |  |  | $ | 112,888 |  |  | $ | - |  |  | $ | 1,107,148 |
Intersegment revenue |  |  | 19,380 |  |  |  | 11,056 |  |  |  | - |  |  |  | - |  |  |  | 30,436 |
Total revenue |  | $ | 558,133 |  |  | $ | 466,563 |  |  | $ | 112,888 |  |  | $ | - |  |  | $ | 1,137,584 |
Operating income (loss) |  | $ | 69,714 |  |  | $ | 84,027 |  |  | $ | 24,911 |  |  | $ | (31,692 | ) |  | $ | 146,960 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 18,648 |  |  |  | 18,648 |
Earnings (loss) before income taxes |  | $ | 69,714 |  |  | $ | 84,027 |  |  | $ | 24,911 |  |  | $ | (50,340 | ) |  | $ | 128,312 |
Product Lines | Product Lines
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Three months ended September 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 128,990 |  |  | $ | - |  |  | $ | - |  |  | $ | 128,990 |
Natural Ingredients |  |  | 74,289 |  |  |  | - |  |  |  | - |  |  |  | 74,289 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 118,883 |  |  |  | - |  |  |  | 118,883 |
Personal Care |  |  | - |  |  |  | 43,197 |  |  |  | - |  |  |  | 43,197 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 41,778 |  |  |  | 41,778 |
Intersegment Revenue |  |  | (9,057 | ) |  |  | (5,408 | ) |  |  | (59 | ) |  |  | (14,524 | )
Total revenue from external customers |  | $ | 194,222 |  |  | $ | 156,672 |  |  | $ | 41,719 |  |  | $ | 392,613 |
Three months ended September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 124,697 |  |  | $ | - |  |  | $ | - |  |  | $ | 124,697 |
Natural Ingredients |  |  | 66,300 |  |  |  | - |  |  |  | - |  |  |  | 66,300 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 107,723 |  |  |  | - |  |  |  | 107,723 |
Personal Care |  |  | - |  |  |  | 37,216 |  |  |  | - |  |  |  | 37,216 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 36,774 |  |  |  | 36,774 |
Intersegment Revenue |  |  | (5,968 | ) |  |  | (2,913 | ) |  |  | - |  |  |  | (8,881 | )
Total revenue from external customers |  | $ | 185,029 |  |  | $ | 142,026 |  |  | $ | 36,774 |  |  | $ | 363,829 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Nine months ended September 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 388,544 |  |  | $ | - |  |  | $ | - |  |  | $ | 388,544 |
Natural Ingredients |  |  | 217,040 |  |  |  | - |  |  |  | - |  |  |  | 217,040 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 361,268 |  |  |  | - |  |  |  | 361,268 |
Personal Care |  |  | - |  |  |  | 128,537 |  |  |  | - |  |  |  | 128,537 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 120,664 |  |  |  | 120,664 |
Intersegment Revenue |  |  | (21,320 | ) |  |  | (13,844 | ) |  |  | (81 | ) |  |  | (35,245 | )
Total revenue from external customers |  | $ | 584,264 |  |  | $ | 475,961 |  |  | $ | 120,583 |  |  | $ | 1,180,808 |
Nine months ended September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 383,210 |  |  | $ | - |  |  | $ | - |  |  | $ | 383,210 |
Natural Ingredients |  |  | 174,923 |  |  |  | - |  |  |  | - |  |  |  | 174,923 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 346,635 |  |  |  | - |  |  |  | 346,635 |
Personal Care |  |  | - |  |  |  | 119,928 |  |  |  | - |  |  |  | 119,928 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 112,888 |  |  |  | 112,888 |
Intersegment Revenue |  |  | (19,380 | ) |  |  | (11,056 | ) |  |  | - |  |  |  | (30,436 | )
Total revenue from external customers |  | $ | 538,753 |  |  | $ | 455,507 |  |  | $ | 112,888 |  |  | $ | 1,107,148 |
Geographical Markets | Geographic Markets
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Three months ended September 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 152,753 |  |  | $ | 78,187 |  |  | $ | 15 |  |  | $ | 230,955 |
Europe |  |  | 30,908 |  |  |  | 37,089 |  |  |  | 32 |  |  |  | 68,029 |
Asia Pacific |  |  | 4,500 |  |  |  | 16,477 |  |  |  | 40,101 |  |  |  | 61,078 |
Other |  |  | 6,061 |  |  |  | 24,919 |  |  |  | 1,571 |  |  |  | 32,551 |
Total revenue from external customers |  | $ | 194,222 |  |  | $ | 156,672 |  |  | $ | 41,719 |  |  | $ | 392,613 |
Three months ended September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 147,992 |  |  | $ | 75,417 |  |  | $ | - |  |  | $ | 223,409 |
Europe |  |  | 25,298 |  |  |  | 36,816 |  |  |  | 57 |  |  |  | 62,171 |
Asia Pacific |  |  | 4,881 |  |  |  | 13,344 |  |  |  | 35,791 |  |  |  | 54,016 |
Other |  |  | 6,858 |  |  |  | 16,449 |  |  |  | 926 |  |  |  | 24,233 |
Total revenue from external customers |  | $ | 185,029 |  |  | $ | 142,026 |  |  | $ | 36,774 |  |  | $ | 363,829 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Nine months ended September 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 456,355 |  |  | $ | 235,842 |  |  | $ | 97 |  |  | $ | 692,294 |
Europe |  |  | 95,129 |  |  |  | 129,076 |  |  |  | 138 |  |  |  | 224,343 |
Asia Pacific |  |  | 13,309 |  |  |  | 49,544 |  |  |  | 115,803 |  |  |  | 178,656 |
Other |  |  | 19,471 |  |  |  | 61,499 |  |  |  | 4,545 |  |  |  | 85,515 |
Total revenue from external customers |  | $ | 584,264 |  |  | $ | 475,961 |  |  | $ | 120,583 |  |  | $ | 1,180,808 |
Nine months ended September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 417,095 |  |  | $ | 231,348 |  |  | $ | 124 |  |  | $ | 648,567 |
Europe |  |  | 86,092 |  |  |  | 124,465 |  |  |  | 184 |  |  |  | 210,741 |
Asia Pacific |  |  | 16,372 |  |  |  | 47,801 |  |  |  | 110,380 |  |  |  | 174,553 |
Other |  |  | 19,194 |  |  |  | 51,893 |  |  |  | 2,200 |  |  |  | 73,287 |
Total revenue from external customers |  | $ | 538,753 |  |  | $ | 455,507 |  |  | $ | 112,888 |  |  | $ | 1,107,148 |

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