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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting, Measurement Disclosures [Abstract]  
Segment Reporting
The following table presents information about the performance of the Company’s reportable segments for the three and six months ended June 30, 2026 and 2025:
AmericasEMEAAsia/PacificTotals
Three Months Ended June 30, 2026
Net sales (1)
$236,513 $158,436 $137,601 $532,550 
Significant segment expenses
Product costs (2)
120,870 84,509 73,095 278,474 
Other segment items (3)
58,402 41,187 27,947 127,536 
Segment operating earnings$57,241 $32,740 $36,559 $126,540 
Six Months Ended June 30, 2026
Net sales (1)
$450,241 $300,519 $262,269 $1,013,029 
Significant segment expenses
Product costs (2)
226,957 157,539 137,506 522,002 
Other segment items (3)
112,096 84,679 53,928 250,703 
Segment operating earnings$111,188 $58,301 $70,835 $240,324 
AmericasEMEAAsia/PacificTotals
Three Months Ended June 30, 2025
Net sales (1)
$221,062 $139,923 $122,415 $483,400 
Significant segment expenses
Product costs (2) (4) (5)
109,500 74,739 67,731 251,970 
Other segment items (3)
52,586 40,189 25,969 118,744 
Segment operating earnings$58,976 $24,995 $28,715 $112,686 
Six Months Ended June 30, 2025
Net sales (1)
$434,773 $269,201 $222,340 $926,314 
Significant segment expenses
Product costs (2) (4) (5)
214,005 144,841 120,829 479,675 
Other segment items (3)
103,330 75,972 46,866 226,168 
Segment operating earnings$117,438 $48,388 $54,645 $220,471 
(1) Net sales relate to external customers only. All intersegment sales are eliminated in consolidation.
(2) Product costs include the costs of raw materials and are recorded in Cost of goods sold in the Company’s Condensed Consolidated Statements of Operations.
(3) Other segment items include overhead costs of operating the Company’s production facilities and providing chemical management services to customers and direct SG&A costs.
(4) Product costs includes the $6.0 million amortization of the fair value step-up in Dipsol's inventories as a result of the acquisition during the three and six months ended June 30, 2025, which is comprised of approximately $2.6 million in the Americas segment, $3.0 million in the Asia/Pacific segment, and $0.4 million in the EMEA segment.
(5) Product costs includes a $3.6 million gain related to immaterial out-of-period adjustments for inventory during the three and six months ended June 30, 2025, which is comprised of approximately $1.4 million in the Americas segment and $2.2 million in the EMEA segment.
The following table presents a reconciliation of the Company’s segment operating earnings to income (loss) before taxes and equity in net income of associated companies in the Company’s Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Segment operating earnings$126,540 $112,686 $240,324 $220,471 
Restructuring and related charges, net(8,116)(8,793)(15,497)(23,383)
Impairment charges— (88,840)— (88,840)
Non-operating and administrative expenses(60,203)(50,860)(115,290)(101,577)
Depreciation of corporate assets and amortization(17,618)(16,703)(35,345)(31,557)
Operating income (loss)40,603 (52,510)74,192 (24,886)
Other income (expense), net406 (653)383 (1,362)
Interest expense(9,873)(12,779)(19,752)(22,324)
Income (loss) before taxes and equity in net income of associated companies$31,136 $(65,942)$54,823 $(48,572)
The following table presents information regarding the Company’s reportable segments’ depreciation for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
Depreciation2026202520262025
Americas$3,205 $2,903 $6,672 $5,558 
EMEA2,396 2,076 4,804 3,953 
Asia/Pacific2,151 1,996 4,190 3,210 
Total segment depreciation$7,752 $6,975 $15,666 $12,721