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Segment Reporting
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Reporting
NOTE 2 – SEGMENT REPORTING
The Company reports its financial performance based on the following three reportable segments: Performance Chemicals, Fuel Specialties and Oilfield Services.
The Performance Chemicals, Fuel Specialties and Oilfield Services segments operate in markets where we actively seek growth opportunities although their ultimate customers are different.
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

March 31
 
(in millions)
  
2022
    
2021
 
Net Sales:
                 
Personal Care
     103.4        68.2  
Home Care
     24.4        23.0  
Other
     39.3        34.7  
    
 
 
    
 
 
 
Performance Chemicals
   $ 167.1      $ 125.9  
    
 
 
    
 
 
 
Refinery and Performance
     148.4        99.3  
Other
     43.4        40.0  
    
 
 
    
 
 
 
Fuel Specialties
     191.8        139.3  
    
 
 
    
 
 
 
Oilfield Services
     113.5        74.4  
    
 
 
    
 
 
 
     $ 472.4      $ 339.6  
    
 
 
    
 
 
 
Gross profit:
                 
Performance Chemicals
   $ 40.8      $ 31.4  
Fuel Specialties
     60.7        44.9  
Oilfield Services
     37.8        24.5  
    
 
 
    
 
 
 
     $ 139.3      $ 100.8  
    
 
 
    
 
 
 
Operating income/(loss):
                 
Performance Chemicals
   $ 25.3      $ 18.3  
Fuel Specialties
     35.5        23.8  
Oilfield Services
     2.5        1.2  
Corporate costs
     (19.0      (15.1
    
 
 
    
 
 
 
Total operating income
   $ 44.3      $ 28.2