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Segment Reporting

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Segment Reporting

NOTE 2 – SEGMENT REPORTING

The Company reports its financial performance based on three reportable segments, which are Performance Chemicals, Fuel Specialties and Oilfield Services.

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)		2022				2021				2022				2021
Net sales:
Personal Care		$	102.4			$	75.8			$	311.1			$	217.8
Home Care			22.6				24.4				72.3				68.7
Other			34.7				32.6				112.4				100.4
Performance Chemicals			159.7				132.8				495.8				386.9
Refinery and Performance			133.2				113.8				405.5				307.9
Other			45.5				42.6				141.4				130.9
Fuel Specialties			178.7				156.4				546.9				438.8
Oilfield Services			174.6				86.9				410.3				244.5
		$	513.0			$	376.1			$	1,453.0			$	1,070.2
Gross profit:
Performance Chemicals		$	39.1			$	32.6			$	123.5			$	95.6
Fuel Specialties			53.4				49.1				171.0				144.1
Oilfield Services			63.5				31.2				140.6				82.3
		$	156.0			$	112.9			$	435.1			$	322.0
Operating income/(loss):
Performance Chemicals		$	25.4			$	17.8			$	79.5			$	54.0
Fuel Specialties			27.9				26.6				94.9				78.9
Oilfield Services			14.2				2.7				21.2				6.1
Corporate costs			(17.4	)			(15.7	)			(54.9	)			(42.4	)
Total operating income		$	50.1			$	31.4			$	140.7			$	96.6

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- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599

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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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-URI https://asc.fasb.org/topic&trid=2134510

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