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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2026
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 June 30, 2026: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total segment revenue |  | $ | 213,179 |  |  | $ | 216,137 |  |  | $ | 47,589 |  |  | $ | - |  |  | $ | 476,905 |
Intersegment revenue |  |  | (8,521 | ) |  |  | (6,145 | ) |  |  | (158 | ) |  |  | - |  |  |  | (14,824 | )
Consolidated revenue from external customers |  |  | 204,658 |  |  |  | 209,992 |  |  |  | 47,431 |  |  |  | - |  |  |  | 462,081 |
Cost of products sold |  |  | 147,173 |  |  |  | 115,404 |  |  |  | 26,705 |  |  |  | - |  |  |  | 289,282 |
Selling and administrative expense |  |  | 27,054 |  |  |  | 40,074 |  |  |  | 9,766 |  |  |  | 19,205 |  |  |  | 96,099 |
Operating income (loss) |  |  | 30,431 |  |  |  | 54,514 |  |  |  | 10,960 |  |  |  | (19,205 | ) |  |  | 76,700 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,174 |
Earnings before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 68,526 |
Assets |  |  | 925,512 |  |  |  | 969,338 |  |  |  | 133,983 |  |  |  | 342,270 |  |  |  | 2,371,103 |
Capital expenditures |  |  | 13,761 |  |  |  | 22,249 |  |  |  | 684 |  |  |  | 2,082 |  |  |  | 38,776 |
Depreciation and amortization |  |  | 7,911 |  |  |  | 6,367 |  |  |  | 578 |  |  |  | 1,034 |  |  |  | 15,890 |
Three months ended June 30, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total segment revenue |  | $ | 203,251 |  |  | $ | 179,282 |  |  | $ | 42,744 |  |  | $ | - |  |  | $ | 425,277 |
Intersegment revenue |  |  | (5,770 | ) |  |  | (5,210 | ) |  |  | (67 | ) |  |  | - |  |  |  | (11,047 | )
Consolidated revenue from external customers |  |  | 197,481 |  |  |  | 174,072 |  |  |  | 42,677 |  |  |  | - |  |  |  | 414,230 |
Cost of products sold |  |  | 142,625 |  |  |  | 101,762 |  |  |  | 25,222 |  |  |  | 1,789 |  |  |  | 271,398 |
Selling and administrative expense |  |  | 26,350 |  |  |  | 33,388 |  |  |  | 8,512 |  |  |  | 16,876 |  |  |  | 85,126 |
Operating income (loss) |  |  | 28,506 |  |  |  | 38,922 |  |  |  | 8,943 |  |  |  | (18,665 | ) |  |  | 57,706 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,391 |
Earnings before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 50,315 |
Assets |  |  | 843,445 |  |  |  | 887,924 |  |  |  | 130,214 |  |  |  | 342,978 |  |  |  | 2,204,561 |
Capital expenditures |  |  | 14,472 |  |  |  | 4,959 |  |  |  | 429 |  |  |  | 1,321 |  |  |  | 21,181 |
Depreciation and amortization |  |  | 7,676 |  |  |  | 6,062 |  |  |  | 570 |  |  |  | 952 |  |  |  | 15,260 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Corporate & Other |  |  | Consolidated |
Six months ended June 30, 2026: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total segment revenue |  | $ | 415,004 |  |  | $ | 414,313 |  |  | $ | 92,844 |  |  | $ | - |  |  | $ | 922,161 |
Intersegment revenue |  |  | (14,240 | ) |  |  | (9,799 | ) |  |  | (207 | ) |  |  | - |  |  |  | (24,246 | )
Consolidated revenue from external customers |  |  | 400,764 |  |  |  | 404,514 |  |  |  | 92,637 |  |  |  | - |  |  |  | 897,915 |
Cost of products sold |  |  | 289,108 |  |  |  | 231,307 |  |  |  | 52,013 |  |  |  | - |  |  |  | 572,428 |
Selling and administrative expense |  |  | 54,475 |  |  |  | 76,628 |  |  |  | 18,484 |  |  |  | 32,472 |  |  |  | 182,059 |
Operating income (loss) |  |  | 57,181 |  |  |  | 96,579 |  |  |  | 22,140 |  |  |  | (32,472 | ) |  |  | 143,428 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 16,076 |
Earnings before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 127,352 |
Assets |  |  | 925,512 |  |  |  | 969,338 |  |  |  | 133,983 |  |  |  | 342,270 |  |  |  | 2,371,103 |
Capital expenditures |  |  | 24,213 |  |  |  | 39,013 |  |  |  | 993 |  |  |  | 3,294 |  |  |  | 67,513 |
Depreciation and amortization |  |  | 15,671 |  |  |  | 12,524 |  |  |  | 1,163 |  |  |  | 2,070 |  |  |  | 31,428 |
Six months ended June 30, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total segment revenue |  | $ | 396,932 |  |  | $ | 347,032 |  |  | $ | 84,645 |  |  | $ | - |  |  | $ | 828,609 |
Intersegment revenue |  |  | (11,653 | ) |  |  | (10,324 | ) |  |  | (77 | ) |  |  | - |  |  |  | (22,054 | )
Consolidated revenue from external customers |  |  | 385,279 |  |  |  | 336,708 |  |  |  | 84,568 |  |  |  | - |  |  |  | 806,555 |
Cost of products sold |  |  | 280,559 |  |  |  | 198,199 |  |  |  | 49,585 |  |  |  | 3,603 |  |  |  | 531,946 |
Selling and administrative expense |  |  | 51,225 |  |  |  | 64,735 |  |  |  | 16,598 |  |  |  | 30,815 |  |  |  | 163,373 |
Operating income (loss) |  |  | 53,495 |  |  |  | 73,774 |  |  |  | 18,385 |  |  |  | (34,418 | ) |  |  | 111,236 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 14,732 |
Earnings before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 96,504 |
Assets |  |  | 843,445 |  |  |  | 887,924 |  |  |  | 130,214 |  |  |  | 342,978 |  |  |  | 2,204,561 |
Capital expenditures |  |  | 27,008 |  |  |  | 8,481 |  |  |  | 604 |  |  |  | 1,942 |  |  |  | 38,035 |
Depreciation and amortization |  |  | 15,316 |  |  |  | 11,998 |  |  |  | 1,118 |  |  |  | 1,902 |  |  |  | 30,334 |
Product Lines | Product Lines
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Three months ended June 30, 2026: |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 146,613 |  |  | $ | - |  |  | $ | - |  |  | $ | 146,613 |
Agricultural Ingredients |  |  | 66,566 |  |  |  | - |  |  |  | - |  |  |  | 66,566 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 167,741 |  |  |  | - |  |  |  | 167,741 |
Personal Care |  |  | - |  |  |  | 48,396 |  |  |  | - |  |  |  | 48,396 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 47,589 |  |  |  | 47,589 |
Intersegment Revenue |  |  | (8,521 | ) |  |  | (6,145 | ) |  |  | (158 | ) |  |  | (14,824 | )
Total revenue from external customers |  | $ | 204,658 |  |  | $ | 209,992 |  |  | $ | 47,431 |  |  | $ | 462,081 |
Three months ended June 30, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 141,736 |  |  | $ | - |  |  | $ | - |  |  | $ | 141,736 |
Agricultural Ingredients |  |  | 61,515 |  |  |  | - |  |  |  | - |  |  |  | 61,515 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 136,377 |  |  |  | - |  |  |  | 136,377 |
Personal Care |  |  | - |  |  |  | 42,905 |  |  |  | - |  |  |  | 42,905 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 42,744 |  |  |  | 42,744 |
Intersegment Revenue |  |  | (5,770 | ) |  |  | (5,210 | ) |  |  | (67 | ) |  |  | (11,047 | )
Total revenue from external customers |  | $ | 197,481 |  |  | $ | 174,072 |  |  | $ | 42,677 |  |  | $ | 414,230 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Six months ended June 30, 2026: |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 285,177 |  |  | $ | - |  |  | $ | - |  |  | $ | 285,177 |
Agricultural Ingredients |  |  | 129,827 |  |  |  | - |  |  |  | - |  |  |  | 129,827 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 319,021 |  |  |  | - |  |  |  | 319,021 |
Personal Care |  |  | - |  |  |  | 95,292 |  |  |  | - |  |  |  | 95,292 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 92,844 |  |  |  | 92,844 |
Intersegment Revenue |  |  | (14,240 | ) |  |  | (9,799 | ) |  |  | (207 | ) |  |  | (24,246 | )
Total revenue from external customers |  | $ | 400,764 |  |  | $ | 404,514 |  |  | $ | 92,637 |  |  | $ | 897,915 |
Six months ended June 30, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 271,917 |  |  | $ | - |  |  | $ | - |  |  | $ | 271,917 |
Agricultural Ingredients |  |  | 125,015 |  |  |  | - |  |  |  | - |  |  |  | 125,015 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 260,977 |  |  |  | - |  |  |  | 260,977 |
Personal Care |  |  | - |  |  |  | 86,055 |  |  |  | - |  |  |  | 86,055 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 84,645 |  |  |  | 84,645 |
Intersegment Revenue |  |  | (11,653 | ) |  |  | (10,324 | ) |  |  | (77 | ) |  |  | (22,054 | )
Total revenue from external customers |  | $ | 385,279 |  |  | $ | 336,708 |  |  | $ | 84,568 |  |  | $ | 806,555 |
Geographical Markets | Geographic Markets
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Three months ended June 30, 2026: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 160,251 |  |  | $ | 110,968 |  |  | $ | 51 |  |  | $ | 271,270 |
Europe |  |  | 33,014 |  |  |  | 56,784 |  |  |  | 10 |  |  |  | 89,808 |
Asia Pacific |  |  | 4,558 |  |  |  | 18,690 |  |  |  | 46,510 |  |  |  | 69,758 |
Other |  |  | 6,835 |  |  |  | 23,550 |  |  |  | 860 |  |  |  | 31,245 |
Total revenue from external customers |  | $ | 204,658 |  |  | $ | 209,992 |  |  | $ | 47,431 |  |  | $ | 462,081 |
Three months ended June 30, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 152,292 |  |  | $ | 84,402 |  |  | $ | 14 |  |  | $ | 236,708 |
Europe |  |  | 33,284 |  |  |  | 50,686 |  |  |  | 16 |  |  |  | 83,986 |
Asia Pacific |  |  | 4,722 |  |  |  | 17,048 |  |  |  | 41,078 |  |  |  | 62,848 |
Other |  |  | 7,183 |  |  |  | 21,936 |  |  |  | 1,569 |  |  |  | 30,688 |
Total revenue from external customers |  | $ | 197,481 |  |  | $ | 174,072 |  |  | $ | 42,677 |  |  | $ | 414,230 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Six months ended June 30, 2026: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 319,194 |  |  | $ | 208,736 |  |  | $ | 92 |  |  | $ | 528,022 |
Europe |  |  | 62,414 |  |  |  | 113,802 |  |  |  | 17 |  |  |  | 176,233 |
Asia Pacific |  |  | 7,377 |  |  |  | 39,641 |  |  |  | 89,688 |  |  |  | 136,706 |
Other |  |  | 11,779 |  |  |  | 42,335 |  |  |  | 2,840 |  |  |  | 56,954 |
Total revenue from external customers |  | $ | 400,764 |  |  | $ | 404,514 |  |  | $ | 92,637 |  |  | $ | 897,915 |
Six months ended June 30, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 301,919 |  |  | $ | 163,071 |  |  | $ | 15 |  |  | $ | 465,005 |
Europe |  |  | 61,441 |  |  |  | 98,409 |  |  |  | 38 |  |  |  | 159,888 |
Asia Pacific |  |  | 9,244 |  |  |  | 33,674 |  |  |  | 81,842 |  |  |  | 124,760 |
Other |  |  | 12,675 |  |  |  | 41,554 |  |  |  | 2,673 |  |  |  | 56,902 |
Total revenue from external customers |  | $ | 385,279 |  |  | $ | 336,708 |  |  | $ | 84,568 |  |  | $ | 806,555 |

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