Financial Information by Segment (Tables)

Segment operating results for the three months ended September 30, 2026 and 2025 are as follows:


	Rubber		Specialty		Corporate		Total
	(In millions)
2026
Net sales from external customers	$	306.4	$	166.4	$	—	$	472.8
Less:
Cost of Sales	250.8		131.2		—		382.0

Selling, general and administrative expenses	35.7		24.0		0.2		59.9


Other segment items	3.3		3.5		1.3		8.1

Add:
Equity in earnings of affiliated companies, net of tax	0.1		—		—		0.1
LTIP and other non-operating charges	1.4		1.4		1.5		4.3


Depreciation of property, plant and equipment and amortization of intangible assets and right of use assets	23.3		16.3		—		39.6



Adjusted EBITDA	$	41.4	$	25.4	$	—	$	66.8

Capital expenditures	6.1		5.7		—		11.8


2025
Net sales from external customers	$	290.9	$	160.0	$	—	$	450.9
Less:
Cost of Sales	237.9		127.4		—		365.3

Selling, general and administrative expenses	34.1		23.2		0.2		57.5
Recovery due to misappropriation of assets, net	—		—		(7.3)		(7.3)
Goodwill impairment	32.3		48.5		—		80.8
Other segment items	4.2		4.1		—		8.3

Add:
Equity in earnings of affiliated companies, net of tax	0.5		—		—		0.5
LTIP and other non-operating charges	1.8		1.7		0.2		3.7
Recovery due to misappropriation of assets, net	—		—		(7.3)		(7.3)
Goodwill impairment	32.3		48.5		—		80.8
Depreciation of property, plant and equipment and amortization of intangible assets and right of use assets	19.1		14.6		—		33.7



Adjusted EBITDA	$	36.1	$	21.6	$	—	$	57.7

Capital expenditures	15.5		25.4		—		40.9

Other segment items—Other segment items for each reportable segment include Research and Development costs and Other expense (income), net.

Segment operating results for the nine months ended September 30, 2026 and 2025 are as follows:


	Rubber		Specialty		Corporate		Total
	(In millions)
2026
Net sales from external customers	$	912.3	$	520.9	$	—	$	1,433.2
Less:
Cost of Sales	782.0		388.2		—		1,170.2

Selling, general and administrative expenses	105.8		75.2		0.7		181.7


Other segment items	11.3		11.9		2.6		25.8

Add:
Equity in earnings of affiliated companies, net of tax	0.4		—		—		0.4
LTIP and other non-operating charges	3.3		3.4		3.3		10.0


Depreciation of property, plant and equipment and amortization of intangible assets and right of use assets	62.7		42.5		—		105.2



Adjusted EBITDA	$	79.6	$	91.5	$	—	$	171.1
Assets	$	1,119.1	$	680.1	$	159.1	$	1,958.3
Capital expenditures	26.5		46.8		—		73.3


2025
Net sales from external customers	$	916.2	$	478.8	$	—	$	1,395.0
Less:
Cost of Sales	739.3		373.6		—		1,112.9

Selling, general and administrative expenses	104.4		68.4		0.8		173.6
Recovery due to misappropriation of assets, net	—		—		(6.5)		(6.5)
Goodwill impairment	32.3		48.5		—		80.8
Other segment items	12.1		12.5		—		24.6

Add:
Equity in earnings of affiliated companies, net of tax	1.6		—		—		1.6
LTIP and other non-operating charges	4.6		4.6		0.8		10.0
Recovery due to misappropriation of assets, net	—		—		(6.5)		(6.5)
Goodwill impairment	32.3		48.5		—		80.8
Depreciation of property, plant and equipment and amortization of intangible assets and right of use assets	59.2		38.0		—		97.2



Adjusted EBITDA	$	125.8	$	66.9	$	—	$	192.7
Assets	$	1,109.9	$	701.6	$	152.4	$	1,963.9
Capital expenditures	46.4		65.9		—		112.3

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 September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
	(In millions)
Income (loss) before earnings in affiliated companies and income taxes	$	5.0	$	(68.1)	$	6.7	$	(37.6)
LTIP and other non-operating charges	4.3		3.7		10.0		10.0
Depreciation of property, plant and equipment and amortization of intangible assets and right of use assets	39.6		33.7		105.2		97.2
Recovery due to misappropriation of assets, net	—		(7.3)		—		(6.5)


Goodwill impairment	—		80.8		—		80.8
Equity in earnings of affiliated companies, net of tax	0.1		0.5		0.4		1.6
Interest and other financial expense, net	17.8		14.4		48.8		47.2

Adjusted EBITDA	$	66.8	$	57.7	$	171.1	$	192.7

Long term incentive plan (“LTIP”) and other non-operating charges include the following:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
	(In millions)
Long term incentive plan	$	3.1	$	3.7	$	7.5	$	10.0





Other non-operating	1.2		—		2.5		—
LTIP and other non-operating charges	$	4.3	$	3.7	$	10.0	$	10.0