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Segment Reporting
 3 Months Ended
Mar. 31, 2024
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 table analyzes sales and other financial information by the Company’s reportable segments:

 

 

Three Months Ended
March 31,

 

(in millions)

 

2024

 

 

2023

 

Net Sales:

 

 

 

 

 

 

Personal Care

 

 

94.8

 

 

 

88.2

 

Home Care

 

 

26.4

 

 

 

23.7

 

Other

 

 

39.6

 

 

 

39.5

 

Performance Chemicals

 

$

160.8

 

 

$

151.4

 

Refinery and Performance

 

 

145.1

 

 

 

149.5

 

Other

 

 

31.8

 

 

 

40.8

 

Fuel Specialties

 

 

176.9

 

 

 

190.3

 

Oilfield Services

 

 

162.5

 

 

 

167.9

 

 

$

500.2

 

 

$

509.6

 

Operating income/(loss):

 

 

 

 

 

 

Performance Chemicals

 

$

21.1

 

 

$

10.4

 

Fuel Specialties

 

 

33.4

 

 

 

32.4

 

Oilfield Services

 

 

16.9

 

 

 

15.9

 

Corporate costs

 

 

(20.2

)

 

 

(17.7

)

Adjustment to fair value of contingent consideration

 

 

(0.8

)

 

 

—

 

Profit on disposal of property, plant and equipment

 

 

0.1

 

 

 

—

 

Total operating income

 

$

50.5

 

 

$

41.0