Segment Reporting

9 Months Ended

Sep. 30, 2024

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 September 30,						Nine Months Ended September 30,
(in millions)	2024			2023			2024			2023
Net Sales:
Personal Care	$	98.6		$	97.0		$	291.1		$	263.8
Home Care		26.5			22.3			77.2			65.7
Other		38.5			25.9			116.2			94.9
Performance Chemicals		163.6			145.2			484.5			424.4
Refinery and Performance		120.9			126.0			375.1			394.6
Other		44.9			43.3			134.2			119.2
Fuel Specialties		165.8			169.3			509.3			513.8
Oilfield Services		114.0			149.6			384.8			515.9
	$	443.4		$	464.1		$	1,378.6		$	1,454.1
Operating income/(loss):
Performance Chemicals	$	20.0		$	16.9		$	62.3		$	36.5
Fuel Specialties		30.9			27.6			94.7			77.1
Oilfield Services		7.1			16.4			31.3			60.3
Corporate costs		(11.8	)		(19.0	)		(49.6	)		(56.8	)
Adjustment to fair value of contingent consideration		(0.7	)		—			(2.1	)		—
Profit on disposal of property, plant and equipment		0.1			—			0.2			—
Total operating income	$	45.6		$	41.9		$	136.8		$	117.1

- 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.

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+ Details