| Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
Segment operating results for the three months ended June 30, 2026 and 2025 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Rubber | | Specialty | | Corporate | | Total | | (In millions) | | 2026 | | | | | | | | | Net sales from external customers | $ | 316.1 | | | $ | 184.8 | | | $ | — | | | $ | 500.9 | | | Less: | | | | | | | | | Cost of Sales | 277.4 | | | 130.5 | | | — | | | 407.9 | | | | | | | | | | | Selling, general and administrative expenses | 36.3 | | | 26.3 | | | 0.1 | | | 62.7 | | | | | | | | | | | | | | | | | | | Other segment items | 4.2 | | | 3.9 | | | 0.9 | | | 9.0 | | | | | | | | | | | Add: | | | | | | | | | Equity in earnings of affiliated companies, net of tax | 0.2 | | | — | | | — | | | 0.2 | | | LTIP and other non-operating charges | 1.3 | | | 1.5 | | | 1.0 | | | 3.8 | | | | | | | | | | | | | | | | | | | Depreciation and amortization of intangible assets, right of use assets, and property, plant and equipment | 19.5 | | | 13.4 | | | — | | | 32.9 | | | | | | | | | | | | | | | | | | | | | | | | | | | Adjusted EBITDA | $ | 19.2 | | | $ | 39.0 | | | $ | — | | | $ | 58.2 | | | | | | | | | | | Capital expenditures | 4.6 | | | 20.8 | | | — | | | 25.4 | | | | | | | | | | | | | | | | | | | 2025 | | | | | | | | | Net sales from external customers | $ | 308.3 | | | $ | 158.1 | | | $ | — | | | $ | 466.4 | | | Less: | | | | | | | | | Cost of Sales | 242.5 | | | 125.5 | | | — | | | 368.0 | | | | | | | | | | | Selling, general and administrative expenses | 34.2 | | | 23.2 | | | 0.3 | | | 57.7 | | | | | | | | | | | Other segment items | 3.3 | | | 4.8 | | | 0.5 | | | 8.6 | | | | | | | | | | | Add: | | | | | | | | | Equity in earnings of affiliated companies, net of tax | 0.6 | | | — | | | — | | | 0.6 | | | LTIP and other non-operating charges | 1.0 | | | 2.3 | | | 0.8 | | | 4.1 | | | | | | | | | | | Depreciation and amortization of intangible assets, right of use assets, and property, plant and equipment | 19.0 | | | 13.0 | | | — | | | 32.0 | | | | | | | | | | | | | | | | | | | | | | | | | | | Adjusted EBITDA | $ | 48.9 | | | $ | 19.9 | | | $ | — | | | $ | 68.8 | | | | | | | | | | | Capital expenditures | 16.8 | | | 25.4 | | | — | | | 42.2 | | Other segment items—Other segment items for each reportable segment includes Research and Development costs and Other expense (income), net.Segment operating results for the six months ended June 30, 2026 and 2025 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Rubber | | Specialty | | Corporate | | Total | | (In millions) | | 2026 | | | | | | | | | Net sales from external customers | $ | 605.9 | | | $ | 354.5 | | | $ | — | | | $ | 960.4 | | | Less: | | | | | | | | | Cost of Sales | 531.2 | | | 257.0 | | | — | | | 788.2 | | | | | | | | | | | Selling, general and administrative expenses | 70.1 | | | 51.2 | | | 0.5 | | | 121.8 | | | | | | | | | | | | | | | | | | | Other segment items | 8.0 | | | 8.4 | | | 1.3 | | | 17.7 | | | | | | | | | | | Add: | | | | | | | | | Equity in earnings of affiliated companies, net of tax | 0.3 | | | — | | | — | | | 0.3 | | | LTIP and other non-operating charges | 1.9 | | | 2.0 | | | 1.8 | | | 5.7 | | | | | | | | | | | | | | | | | | | Depreciation and amortization of intangible assets, right of use assets, and property, plant and equipment | 39.4 | | | 26.2 | | | — | | | 65.6 | | | | | | | | | | | | | | | | | | | | | | | | | | | Adjusted EBITDA | $ | 38.2 | | | $ | 66.1 | | | $ | — | | | $ | 104.3 | | | Assets | $ | 1,145.6 | | | $ | 703.0 | | | $ | 138.4 | | | $ | 1,987.0 | | | Capital expenditures | 20.4 | | | 41.1 | | | — | | | 61.5 | | | | | | | | | | | | | | | | | | | 2025 | | | | | | | | | Net sales from external customers | $ | 625.3 | | | $ | 318.8 | | | $ | — | | | $ | 944.1 | | | Less: | | | | | | | | | Cost of Sales | 501.4 | | | 246.2 | | | — | | | 747.6 | | | | | | | | | | | Selling, general and administrative expenses | 70.3 | | | 45.2 | | | 0.6 | | | 116.1 | | | | | | | | | | | Other segment items | 7.9 | | | 8.4 | | | 0.8 | | | 17.1 | | | | | | | | | | | Add: | | | | | | | | | Equity in earnings of affiliated companies, net of tax | 1.1 | | | — | | | — | | | 1.1 | | | LTIP and other non-operating charges | 2.8 | | | 2.9 | | | 1.4 | | | 7.1 | | | | | | | | | | | Depreciation and amortization of intangible assets, right of use assets, and property, plant and equipment | 40.1 | | | 23.4 | | | — | | | 63.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | Adjusted EBITDA | $ | 89.7 | | | $ | 45.3 | | | $ | — | | | $ | 135.0 | | | Assets | $ | 1,130.3 | | | $ | 765.5 | | | $ | 129.1 | | | $ | 2,024.9 | | | Capital expenditures | 30.9 | | | 40.5 | | | — | | | 71.4 | | Other segment items—Other segment items for each reportable segment includes Research and Development costs and Other expense (income), net.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 June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (In millions) | | Income before earnings in affiliated companies and income taxes | $ | 5.0 | | | $ | 13.0 | | | $ | 1.7 | | | $ | 30.5 | | | LTIP and other non-operating charges | 3.8 | | | 4.1 | | | 5.7 | | | 7.1 | | | Depreciation and amortization of intangible assets, right of use assets, and property, plant and equipment | 32.9 | | | 32.0 | | | 65.6 | | | 63.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Equity in earnings of affiliated companies, net of tax | 0.2 | | | 0.6 | | | 0.3 | | | 1.1 | | | Interest and other financial expense, net | 16.3 | | | 19.1 | | | 31.0 | | | 32.8 | | | | | | | | | | | Adjusted EBITDA | $ | 58.2 | | | $ | 68.8 | | | $ | 104.3 | | | $ | 135.0 | |
Long term incentive plan (“LTIP”) and other non-operating charges include the following: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (In millions) | | | | Long term incentive plan | $ | 3.0 | | | $ | 3.6 | | | $ | 4.4 | | | $ | 6.3 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other non-operating | 0.8 | | | 0.5 | | | 1.3 | | | 0.8 | | | LTIP and other non-operating charges | $ | 3.8 | | | $ | 4.1 | | | $ | 5.7 | | | $ | 7.1 | |
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