| Segment Information |
10. Segment Information The Company is managed on a consolidated basis with a single reportable segment, chemical manufacturing, which is not an aggregation of individual operating segments. There have been no changes in the basis of segmentation or in the basis of measurement of segment profit or loss since the filing of our 2025 Form 10-K. Information about reported segment revenue, measures of a segment’s profit or loss, significant segment expenses, and measure of a segment's assets:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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(In Thousands) |
Net sales |
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$158,602 |
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$155,431 |
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$496,181 |
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$450,159 |
Less: |
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Cost of sales excluding depreciation, amortization
and turnaround expense |
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86,968 |
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109,453 |
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301,872 |
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321,310 |
Depreciation and amortization |
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22,263 |
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19,348 |
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64,988 |
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60,027 |
Turnaround expense |
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6,269 |
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1,087 |
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38,964 |
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5,722 |
Total cost of sales |
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115,500 |
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129,888 |
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405,824 |
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387,059 |
Selling, general and administrative |
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Wages and benefits |
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8,347 |
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5,953 |
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26,664 |
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18,210 |
Other selling general and administrative |
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6,417 |
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4,380 |
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14,856 |
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12,120 |
Total selling general and administrative |
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14,764 |
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10,333 |
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41,520 |
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30,330 |
Interest expense |
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6,755 |
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7,363 |
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20,942 |
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23,313 |
Loss on extinguishment of debt |
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— |
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— |
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— |
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59 |
Loss from PP&E write-downs and disposals |
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2,374 |
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434 |
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3,303 |
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3,033 |
Income tax provision |
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5,543 |
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2,536 |
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1,496 |
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3,337 |
Other segment income, net (a) |
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(2,681) |
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(2,238) |
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(6,747) |
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(5,453) |
Segment net income |
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16,347 |
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7,115 |
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29,843 |
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8,481 |
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Reconciliation of profit or loss |
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Adjustments and reconciling items |
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— |
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— |
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— |
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— |
Consolidated net income |
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$16,347 |
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$7,115 |
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$29,843 |
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$8,481 |
_____________________________ (a) For the periods presented, amount consisted primarily of interest income. The measure of our chemical manufacturing segment assets is reported on the condensed consolidated balance sheet as total assets. Expenditures for long-lived chemical manufacturing segment assets are reported on our condensed consolidated statement of cash flows.
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