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Segment Reporting
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Segment Reporting
NOTE 2 – SEGMENT REPORTING
The Company reports its financial performance based on the following four reportable segments: Fuel Specialties, Performance Chemicals, Oilfield Services and Octane Additives.
The Fuel Specialties, Performance Chemicals and Oilfield Services segments operate in markets where we actively seek growth opportunities although their ultimate customers are different. The Octane Additives segment ceased
trading and is no longer
a reporting segment from July 1, 2020, as reported in our Quarterly Report on Form
10-Q
for the quarter ended June 30, 2020 (see Note 4 of the Notes to the Condensed Consolidated Financial Statements for further information).
The Company evaluates the performance of its segments based on operating income. The following tables analyze sales and other financial information by the Company’s reportable segments:

    
Three Months Ended

September 30
     
Nine Months Ended
September 30
    
(in millions)
   
2020
     
2019
     
2020
     
2019
    
Net Sales:
            
Refinery and Performance
    $ 86.8      $ 96.5      $ 270.3      $ 309.0    
Other
      33.2        47.6        104.1        124.4    
  
 
 
     
 
 
     
 
 
     
 
 
    
Fuel Specialties
      120.0        144.1        374.4        433.4    
  
 
 
     
 
 
     
 
 
     
 
 
    
Personal Care
      57.1        55.0        169.9        170.9    
Home Care
      21.6        21.1        64.5        71.2    
Other
      23.3        23.8        76.4        80.6    
  
 
 
     
 
 
     
 
 
     
 
 
    
Performance Chemicals
      102.0        99.9        310.8        322.7    
  
 
 
     
 
 
     
 
 
     
 
 
    
Oilfield Services
      43.1        121.4        197.1        358.1    
Octane Additives
      0.0        6.5        0.0        8.4    
  
 
 
     
 
 
     
 
 
     
 
 
    
   $
265.1
    $  
371.9
    $  
882.3
    $  
1,122.6
 
  
 
 
     
 
 
     
 
 
     
 
 
    
Gross profit/(loss):
            
Fuel Specialties
    $ 40.3      $ 54.1      $ 116.9      $ 154.5    
Performance Chemicals
      24.0        22.6        76.5        73.2    
Oilfield Services
      14.4        41.2        60.5        120.4    
Octane Additives
      0.0        1.2        (2.2 )       (0.1   ) 
  
 
 
     
 
 
     
 
 
     
 
 
    
   $ 78.7      $ 119.1      $ 251.7      $ 348.0    
  
 
 
     
 
 
     
 
 
     
 
 
    
Operating income/(loss):
            
Fuel Specialties
    $ 22.2      $ 31.1      $ 59.0      $ 88.1    
Performance Chemicals
      12.4        9.3        40.2        33.8    
Oilfield Services
      (4.5 )       10.0        (9.7 )       27.9    
Octane Additives
      0.0        0.8        (2.8 )       (1.9   ) 
Corporate costs
      (13.3 )       (13.0 )       (41.5 )       (41.8   ) 
Restructuring charge
      0.0        0.0        (21.1 )       0.0    
Impairment of intangible assets
      0.0        0.0        (19.8 )       0.0    
  
 
 
     
 
 
     
 
 
     
 
 
    
Total operating income
    $ 16.8      $ 38.2      $ 4.3      $ 106.1