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Net Sales and Revenue Recognition
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Net Sales and Revenue Recognition Net Sales and Revenue Recognition
Customer Concentration
A significant portion of the Company’s revenues are realized from the sale of process fluids and services to manufacturers of steel, aluminum, automotive, aerospace, industrial and agricultural equipment, and durable goods. During the year ended December 31, 2025, the Company’s five largest customers (each composed of multiple subsidiaries or divisions with semiautonomous purchasing authority) accounted for approximately 11% of consolidated net sales, with its largest customer accounting for approximately 3% of consolidated net sales.
Contract Assets and Liabilities
The Company had no material contract assets recorded on its Consolidated Balance Sheets as of December 31, 2025 and 2024.
The Company had approximately $3.6 million and $4.2 million of deferred revenue as of December 31, 2025 and 2024, respectively. During the years ended December 31, 2025 and 2024, the Company satisfied materially all of the associated performance obligations and recognized into revenue the advance payments received and recorded as of December 31, 2024 and 2023, respectively.
Disaggregated Revenue
The Company sells its industrial process fluids, specialty chemicals and technical expertise as a global product portfolio. The Company generally manages and evaluates its performance by reportable segment first, and then by customer industries. Net sales of each of the Company’s major product lines are generally spread throughout all three of the Company’s segments, and in most cases, approximately proportionate to the level of total sales in each segment.
The following tables present disaggregated information regarding the Company’s net sales, first by major product lines that represent more than 10% of the Company’s consolidated net sales for the years ended December 31, 2025, 2024 and 2023, and followed then by a disaggregation of the Company’s net sales by segment and customer industry for the years ended December 31, 2025, 2024 and 2023.
Major Product Line202520242023
Metal removal fluids19.0 %22.4 %23.6 %
Rolling lubricants18.3 %20.5 %19.5 %
Hydraulic fluids12.2 %14.2 %14.1 %
Surface solutions10.9 %5.2 %5.0 %
Net sales for the year ending December 31, 2025
AmericasEMEAAsia/PacificConsolidated
Total
Customer Industries
Metals$255,281 $138,908 $216,354 $610,543 
Metalworking and other610,051 409,202 258,838 1,278,091 
$865,332 $548,110 $475,192 $1,888,634 
Net sales for the year ending December 31, 2024
AmericasEMEAAsia/PacificConsolidated
Total
Customer Industries
Metals$258,818 $135,373 $207,324 $601,515 
Metalworking and other623,313 401,062 213,796 1,238,171 
$882,131 $536,435 $421,120 $1,839,686 
Net sales for the year ending December 31, 2023
AmericasEMEAAsia/PacificConsolidated
Total
Customer Industries
Metals$268,174 $136,979 $195,578 $600,731 
Metalworking and other708,921 434,368 209,293 1,352,582 
$977,095 $571,347 $404,871 $1,953,313