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Segment Reporting and Geographical Area Data (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Segment Reporting

The following table analyzes financial information by the Company’s reportable segments:

(in millions)		2024				2023				2022
Net Sales:
Personal Care		$	390.0			$	352.7			$	393.3
Home Care			106.6				86.8				94.2
Other			157.1				122.1				152.2
Performance Chemicals			653.7				561.6				639.7
Refinery and Performance			517.4				540.6				552.6
Other			183.7				155.3				177.6
Fuel Specialties			701.1				695.9				730.2
Oilfield Services			490.6				691.3				593.8
Total net sales		$	1,845.4			$	1,948.8			$	1,963.7
Gross profit:
Performance Chemicals			148.4				105.6				150.0
Fuel Specialties			239.9				215.1				221.9
Oilfield Services			154.6				270.4				214.8
Total gross profit		$	542.9			$	591.1			$	586.7
Operating income/(expense):
Performance Chemicals		$	82.9			$	54.5			$	95.3
Fuel Specialties			129.6				109.7				121.7
Oilfield Services			38.8				78.6				41.7
Corporate costs			(70.2	)			(81.2	)			(71.4	)
Adjustment to fair value of contingent consideration			(3.4	)			—				—
Profit on disposal			0.2				—				—
Total operating income		$	177.9			$	161.6			$	187.3
Identifiable assets at year-end:
Performance Chemicals		$	598.3			$	580.1			$	610.4
Fuel Specialties			553.8				529.2				500.6
Oilfield Services			272.5				310.8				297.8
Corporate			310.1				287.3				194.9
Total assets		$	1,734.7			$	1,707.4			$	1,603.7

Summary of Segment Reporting related to Cost of Goods Sold

The following table analyzes cost of goods sold by the Company’s reportable segments:

(in millions)		2024				2023				2022
Performance Chemicals		$	505.3			$	456.0			$	489.7
Fuel Specialties			461.2				480.8				508.3
Oilfield Services			336.0				420.9				379.0
Total cost of goods sold		$	1,302.5			$	1,357.7			$	1,377.0

Summary of Segment Reporting related to Selling, General and Administrative Expense and Research and Development Expense

The following table analyzes selling, general and administrative expenses and research and development expenses by the Company’s reportable segments:

(in millions)		2024				2023				2022
Performance Chemicals		$	65.5			$	51.1			$	54.7
Fuel Specialties			110.3				105.4				100.2
Oilfield Services			115.8				191.8				173.1
Corporate			70.2				81.2				71.4
Total selling, general and administrative expenses and research and development expenses		$	361.8			$	429.5			$	399.4

Summary of Segment Depreciation and Amortization

The following tables analyze sales and other financial information by location:

(in millions)		2024				2023				2022
Net sales by source:
United States		$	1,039.7			$	1,227.2			$	1,204.4
United Kingdom			823.4				857.7				932.5
Rest of World			288.9				199.4				225.1
Sales between areas			(306.6	)			(335.5	)			(398.3	)
		$	1,845.4			$	1,948.8			$	1,963.7
Income before income taxes:
United States		$	90.2			$	95.2			$	106.3
United Kingdom			(24.6	)			59.1				43.2
Rest of World			(24.4	)			20.1				35.1
		$	41.2			$	174.4			$	184.6
Long-lived assets at year-end:
United States		$	156.2			$	156.3			$	146.9
United Kingdom			88.0				73.7				50.6
Rest of World			133.6				137.6				112.7
		$	377.8			$	367.6			$	310.2
Identifiable assets at year-end:
United States		$	593.6			$	613.7			$	558.4
United Kingdom			488.2				434.9				462.3
Rest of World			270.4				259.5				224.2
Goodwill			382.5				399.3				358.8
		$	1,734.7			$	1,707.4			$	1,603.7

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

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-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 30
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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