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Segment Information (Tables)

9 Months Ended

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

(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