v3.25.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Information [Abstract]  
Operating Results by Segment
Operating results by segment for the periods presented are as follows:

 (In thousands)  
Flavors &
Extracts
    
Color
    
Asia Pacific
    
Corporate
& Other
    
Consolidated
  
Three months ended June 30, 2025:
                              
Total segment revenue
   $
203,251
     $
179,282
     $
42,744
     $
-
     $
425,277
  
Intersegment revenue
    
(5,770
)
    
(5,210
)
    
(67
)
    
-
      
(11,047
)
Consolidated revenue from external customers
    
197,481
      
174,072
      
42,677
      
-
      
414,230
  
Cost of products sold
    
142,625
      
101,762
      
25,222
      
1,789
      
271,398
  
Selling and administrative expense
    
26,350
      
33,388
      
8,512
      
16,876
      
85,126
  
Operating income (loss)
    
28,506
      
38,922
      
8,943
      
(18,665
)
    
57,706
  
Interest expense
                                    
7,391
  
Earnings before income taxes
                                   $
50,315
  
                                         
Assets
    
843,445
      
887,924
      
130,214
      
342,978
      
2,204,561
  
Capital expenditures
    
14,472
      
4,959
      
429
      
1,321
      
21,181
  
Depreciation and amortization
    
7,676
      
6,062
      
570
      
952
      
15,260
  
                                         
Three months ended June 30, 2024:
                                        
Total segment revenue
   $
209,213
     $
167,700
     $
38,580
     $
-
     $
415,493
  
Intersegment revenue
    
(7,193
)
    
(4,775
)
    
-
   
-
      
(11,968
)
Consolidated revenue from external customers
    
202,020
      
162,925
      
38,580
      
-
      
403,525
  
Cost of products sold
    
149,346
      
100,349
      
22,901
      
207
      
272,803
  
Selling and administrative expense
    
26,465
      
31,074
      
7,799
      
15,727
      
81,065
  
Operating income (loss)
    
26,209
      
31,502
      
7,880
      
(15,934
)
    
49,657
  
Interest expense
                                    
7,653
  
Earnings before income taxes
                                   $
42,004
  
                                         
Assets
    
763,530
      
831,381
      
112,361
      
287,595
      
1,994,867
  
Capital expenditures
    
4,917
      
4,842
      
874
      
1,187
      
11,820
  
Depreciation and amortization
    
7,638
      
5,749
      
617
      
1,012
      
15,016
  

 
(In thousands)
  
Flavors &
Extracts
    
Color
    
Asia Pacific
    
Corporate
& Other
    
Consolidated
  
Six months ended June 30, 2025:
                              
Total segment revenue
  
$
396,932
    
$
347,032
    
$
84,645
    
$
-
    
$
828,609
  
Intersegment revenue
    
(11,653
)
    
(10,324
)
    
(77
)
    
-
      
(22,054
)
Consolidated revenue from external customers
    
385,279
      
336,708
      
84,568
      
-
      
806,555
  
Cost of products sold
    
280,559
      
198,199
      
49,585
      
3,603
      
531,946
  
Selling and administrative expense
    
51,225
      
64,735
      
16,598
      
30,815
      
163,373
  
Operating income (loss)
    
53,495
      
73,774
      
18,385
      
(34,418
)
    
111,236
  
Interest expense
                                    
14,732
  
Earnings before income taxes
                                  
$
96,504
  
                                         
Assets
    
843,445
      
887,924
      
130,214
      
342,978
      
2,204,561
  
Capital expenditures
    
27,008
      
8,481
      
604
      
1,942
      
38,035
  
Depreciation and amortization
    
15,316
      
11,998
      
1,118
      
1,902
      
30,334
  
                                         
Six months ended June 30, 2024:
                                        
Total segment revenue
  
$
402,305
    
$
327,725
    
$
78,886
    
$
-
    
$
808,916
  
Intersegment revenue
    
(12,263
)
    
(8,436
)
    
(22
)
    
-
      
(20,721
)
Consolidated revenue from external customers
    
390,042
      
319,289
      
78,864
      
-
      
788,195
  
Cost of products sold
    
288,328
      
195,352
      
46,930
      
314
      
530,924
  
Selling and administrative expense
    
51,827
      
60,756
      
15,278
      
30,347
      
158,208
  
Operating income (loss)
    
49,887
      
63,181
      
16,656
      
(30,661
)
    
99,063
  
Interest expense
                                    
14,698
  
Earnings before income taxes
                                  
$
84,365
  
                                         
Assets
    
763,530
      
831,381
      
112,361
      
287,595
      
1,994,867
  
Capital expenditures
    
9,498
      
10,059
      
1,264
      
2,029
      
22,850
  
Depreciation and amortization
    
15,258
      
11,189
      
1,253
      
2,025
      
29,725
  
Product Lines
Product Lines
(In thousands)
  
Flavors &
Extracts
    
Color
    
Asia Pacific
    
Consolidated
  
Three months ended June 30, 2025:
                        
Flavors, Extracts & Flavor Ingredients
  
$
141,736
    
$
-
    
$
-
    
$
141,736
  
Natural Ingredients
    
61,515
      
-
      
-
      
61,515
  
Food & Pharmaceutical Colors
    
-
      
136,377
      
-
      
136,377
  
Personal Care
    
-
      
42,905
      
-
      
42,905
  
Asia Pacific
    
-
      
-
      
42,744
      
42,744
  
Intersegment Revenue
    
(5,770
)
    
(5,210
)
    
(67
)
    
(11,047
)
Total revenue from external customers
  
$
197,481
    
$
174,072
    
$
42,677
    
$
414,230
  
                                 
Three months ended June 30, 2024:
                                
Flavors, Extracts & Flavor Ingredients
  
$
134,749
    
$
-
    
$
-
    
$
134,749
  
Natural Ingredients
    
74,464
      
-
      
-
      
74,464
  
Food & Pharmaceutical Colors
    
-
      
125,327
      
-
      
125,327
  
Personal Care
    
-
      
42,373
      
-
      
42,373
  
Asia Pacific
    
-
      
-
      
38,580
      
38,580
  
Intersegment Revenue
    
(7,193
)
    
(4,775
)
    
-
      
(11,968
)
Total revenue from external customers
  
$
202,020
    
$
162,925
    
$
38,580
    
$
403,525
  

(In thousands)
  
Flavors &
Extracts
    
Color
    
Asia Pacific
    
Consolidated
  
Six months ended June 30, 2025:
                        
Flavors, Extracts & Flavor Ingredients
  
$
271,917
    
$
-
    
$
-
    
$
271,917
  
Natural Ingredients
    
125,015
      
-
      
-
      
125,015
  
Food & Pharmaceutical Colors
    
-
      
260,977
      
-
      
260,977
  
Personal Care
    
-
      
86,055
      
-
      
86,055
  
Asia Pacific
    
-
      
-
      
84,645
      
84,645
  
Intersegment Revenue
    
(11,653
)
    
(10,324
)
    
(77
)
    
(22,054
)
Total revenue from external customers
  
$
385,279
    
$
336,708
    
$
84,568
    
$
806,555
  
                                 
Six months ended June 30, 2024:
                                
Flavors, Extracts & Flavor Ingredients
  
$
259,554
    
$
-
    
$
-
    
$
259,554
  
Natural Ingredients
    
142,751
      
-
      
-
      
142,751
  
Food & Pharmaceutical Colors
    
-
      
242,385
      
-
      
242,385
  
Personal Care
    
-
      
85,340
      
-
      
85,340
  
Asia Pacific
    
-
      
-
      
78,886
      
78,886
  
Intersegment Revenue
    
(12,263
)
    
(8,436
)
    
(22
)
    
(20,721
)
Total revenue from external customers
  
$
390,042
    
$
319,289
    
$
78,864
    
$
788,195
  
Geographical Markets
Geographic Markets
(In thousands)
  
Flavors &
Extracts
    
Color
    
Asia Pacific
    
Consolidated
  
Three months ended June 30, 2025:
                        
North America
  
$
152,292
    
$
84,402
    
$
14
    
$
236,708
  
Europe
    
33,284
      
50,686
      
16
      
83,986
  
Asia Pacific
    
4,722
      
17,048
      
41,078
      
62,848
  
Other
    
7,183
      
21,936
      
1,569
      
30,688
  
Total revenue from external customers
  
$
197,481
    
$
174,072
    
$
42,677
    
$
414,230
  
                                 
Three months ended June 30, 2024:
                                
North America
  
$
156,650
    
$
82,535
    
$
82
    
$
239,267
  
Europe
    
32,064
      
45,825
      
60
      
77,949
  
Asia Pacific
    
5,103
      
15,648
      
37,017
      
57,768
  
Other
    
8,203
      
18,917
      
1,421
      
28,541
  
Total revenue from external customers
  
$
202,020
    
$
162,925
    
$
38,580
    
$
403,525
  

(In thousands)
  
Flavors &
Extracts
    
Color
    
Asia Pacific
    
Consolidated
  
Six months ended June 30, 2025:
                        
North America
  
$
301,919
    
$
163,071
    
$
15
    
$
465,005
  
Europe
    
61,441
      
98,409
      
38
      
159,888
  
Asia Pacific
    
9,244
      
33,674
      
81,842
      
124,760
  
Other
    
12,675
      
41,554
      
2,673
      
56,902
  
Total revenue from external customers
  
$
385,279
    
$
336,708
    
$
84,568
    
$
806,555
  
                                 
Six months ended June 30, 2024:
                                
North America
  
$
303,602
    
$
157,655
    
$
82
    
$
461,339
  
Europe
    
64,221
      
91,987
      
106
      
156,314
  
Asia Pacific
    
8,809
      
33,067
      
75,702
      
117,578
  
Other
    
13,410
      
36,580
      
2,974
      
52,964
  
Total revenue from external customers
  
$
390,042
    
$
319,289
    
$
78,864
    
$
788,195