v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting

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

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

(in millions)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net Sales:

 

 

 

 

 

 

 

 

 

 

 

 

Personal Care

 

$

111.9

 

 

$

105.0

 

 

$

209.1

 

 

$

205.5

 

Home Care

 

 

31.7

 

 

 

26.1

 

 

 

62.5

 

 

 

52.4

 

Other

 

 

46.7

 

 

 

42.7

 

 

 

88.1

 

 

 

84.3

 

Performance Chemicals

 

 

190.3

 

 

 

173.8

 

 

 

359.7

 

 

 

342.2

 

Refinery and Performance

 

 

127.3

 

 

 

112.8

 

 

 

258.2

 

 

 

242.2

 

Other

 

 

58.4

 

 

 

52.3

 

 

 

109.1

 

 

 

93.2

 

Fuel Specialties

 

 

185.7

 

 

 

165.1

 

 

 

367.3

 

 

 

335.4

 

Oilfield Services

 

 

115.4

 

 

 

100.8

 

 

 

217.6

 

 

 

202.9

 

 

$

491.4

 

 

$

439.7

 

 

$

944.6

 

 

$

880.5

 

Gross profit:

 

 

 

 

 

 

 

 

 

 

 

 

Performance Chemicals

 

$

33.0

 

 

$

30.5

 

 

$

61.4

 

 

$

65.8

 

Fuel Specialties

 

 

68.0

 

 

 

62.9

 

 

 

132.3

 

 

 

123.7

 

Oilfield Services

 

 

37.3

 

 

 

29.8

 

 

 

68.1

 

 

 

58.8

 

Total gross profit

 

$

138.3

 

 

$

123.2

 

 

$

261.8

 

 

$

248.3

 

Operating income/(loss):

 

 

 

 

 

 

 

 

 

 

 

 

Performance Chemicals

 

$

16.4

 

 

$

14.3

 

 

$

27.1

 

 

$

34.1

 

Fuel Specialties

 

 

36.3

 

 

 

35.4

 

 

 

74.1

 

 

 

72.3

 

Oilfield Services

 

 

8.7

 

 

 

6.2

 

 

 

14.3

 

 

 

10.3

 

Corporate costs

 

 

(21.6

)

 

 

(20.9

)

 

 

(43.9

)

 

 

(38.6

)

Adjustment to fair value of contingent consideration

 

 

(0.1

)

 

 

(0.8

)

 

 

4.6

 

 

 

(1.5

)

Profit on disposal of property, plant and equipment

 

 

—

 

 

 

0.1

 

 

 

—

 

 

 

0.2

 

Total operating income

 

$

39.7

 

 

$

34.3

 

 

$

76.2

 

 

$

76.8

 
Summary of Segment Reporting related to Cost of Goods Sold

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

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

(in millions)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Performance Chemicals

 

$

157.3

 

 

$

143.3

 

 

$

298.3

 

 

$

276.4

 

Fuel Specialties

 

 

117.7

 

 

 

102.2

 

 

 

235.0

 

 

 

211.7

 

Oilfield Services

 

 

78.1

 

 

 

71.0

 

 

 

149.5

 

 

 

144.1

 

Total cost of goods sold

 

$

353.1

 

 

$

316.5

 

 

$

682.8

 

 

$

632.2

 
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:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

(in millions)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Performance Chemicals

 

$

16.6

 

 

$

16.2

 

 

$

34.3

 

 

$

31.7

 

Fuel Specialties

 

 

31.7

 

 

 

27.5

 

 

 

58.2

 

 

 

51.4

 

Oilfield Services

 

 

28.6

 

 

 

23.6

 

 

 

53.8

 

 

 

48.5

 

Corporate

 

 

21.6

 

 

 

20.9

 

 

 

43.9

 

 

 

38.6

 

Total selling, general and administrative expenses and research and development expenses

 

$

98.5

 

 

$

88.2

 

 

$

190.2

 

 

$

170.2