XML 32 R25.htm IDEA: XBRL DOCUMENT

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Segment Reporting

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


		Three Months Ended March 31,
(in millions)		2025				2024
Net Sales:
Personal Care		$	100.6			$	94.8
Home Care			26.3				26.4
Other			41.5				39.6
Performance Chemicals			168.4				160.8
Refinery and Performance			129.4				145.1
Other			40.9				31.8
Fuel Specialties			170.3				176.9
Oilfield Services			102.1				162.5
		$	440.8			$	500.2
Gross profit:
Performance Chemicals		$	35.3			$	37.7
Fuel Specialties			60.8				60.6
Oilfield Services			29.0				57.4
Total gross profit		$	125.1			$	155.7
Operating income/(loss):
Performance Chemicals		$	19.8			$	21.1
Fuel Specialties			36.9				33.4
Oilfield Services			4.1				16.9
Corporate costs			(17.7	)			(20.2	)
Adjustment to fair value of contingent consideration			(0.7	)			(0.8	)
Profit on disposal of property, plant and equipment			0.1				0.1
Total operating income		$	42.5			$	50.5

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)		2025				2024
Performance Chemicals		$	133.1			$	123.1
Fuel Specialties			109.5				116.3
Oilfield Services			73.1				105.1
Total cost of goods sold		$	315.7			$	344.5

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)		2025				2024
Performance Chemicals		$	15.5			$	16.6
Fuel Specialties			23.9				27.2
Oilfield Services			24.9				40.5
Corporate			17.7				20.2
Total selling, general and administrative expenses and research and development expenses		$	82.0			$	104.5