v3.26.1
Financial Information by Segment (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated
Segment operating results for the three months ended March 31, 2026 and 2025 are as follows:
RubberSpecialtyCorporateTotal
(In millions)
2026
Net sales from external customers$289.8 $169.7 $— $459.5 
Less:
Cost of Sales253.8 126.5 — 380.3 
Selling, general and administrative expenses33.8 24.9 0.4 59.1 
Other segment items3.8 4.5 0.4 8.7 
Add:
Equity in earnings of affiliated companies, net of tax0.1 — — 0.1 
LTIP and other non-operating charges0.6 0.5 0.8 1.9 
Depreciation and amortization of intangible assets, right of use assets, and property, plant and equipment19.9 12.8 — 32.7 
Adjusted EBITDA$19.0 $27.1 $— $46.1 
Assets$1,004.6 $588.5 $337.6 $1,930.7 
Capital expenditures15.8 20.3 — 36.1 
2025
Net sales from external customers$317.0 $160.7 $— $477.7 
Less:
Cost of Sales258.9 120.7 — 379.6 
Selling, general and administrative expenses36.1 22.0 0.3 58.4 
Other segment items4.6 3.6 0.3 8.5 
Add:
Equity in earnings of affiliated companies, net of tax0.5 — — 0.5 
LTIP and other non-operating charges1.8 0.6 0.6 3.0 
Depreciation and amortization of intangible assets, right of use assets, and property, plant and equipment21.1 10.4 — 31.5 
Adjusted EBITDA$40.8 $25.4 $— $66.2 
Assets$1,105.4 $732.6 $130.2 $1,968.2 
Capital expenditures14.1 15.1 — 29.2 
A reconciliation of Income before earnings in affiliated companies and income taxes to Adjusted EBITDA for each of the periods presented is as follows:
Three Months Ended March 31,
20262025
(In millions)
Income (loss) before earnings in affiliated companies and income taxes $(3.3)$17.5 
LTIP and other non-operating charges1.9 3.0 
Depreciation and amortization of intangible assets, right of use assets, and property, plant and equipment32.7 31.5 
Equity in earnings of affiliated companies, net of tax0.1 0.5 
Interest and other financial expense, net14.7 13.7 
Adjusted EBITDA$46.1 $66.2 
LTIP and other non-operating charges include the following:
Three Months Ended March 31,
20262025
(In millions)
Long term incentive plan$1.4 $2.7 
Other non-operating0.5 0.3 
LTIP and other non-operating charges$1.9 $3.0