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Segment Information (Tables)

6 Months Ended

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

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

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-Name Accounting Standards Codification
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Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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