| Disaggregation of Revenue |
The Company’s portfolio of products are integrated into a variety of end uses, which are described in the table below.
|
|
|
Key End Uses |
Key Products |
Industrial & process chemicals |
• Silicate precursors for the tire industry |
|
• Glass beads, or microspheres, for metal finishing end uses |
Fuels & emission control |
• Refinery catalysts |
|
• Emission control catalysts |
|
• Catalyst recycling services |
|
• Silicate for catalyst manufacturing |
Packaging & engineered plastics |
• Catalysts for high-density polyethlene and chemicals syntheses |
|
• Antiblocks for film packaging |
|
• Solid and hollow microspheres for composite plastics |
|
• Sulfur derivatives for nylon production |
Highway safety & construction |
• Reflective markings for roadways and airports |
|
• Silica gels for surface coatings |
Consumer products |
• Silica gels for edible oil and beer clarification |
|
• Precipitated silicas, silicates and zeolites for the dentifrice and |
|
dishwasher and laundry detergent applications |
Natural resources |
• Silicates for drilling muds |
|
• Hollow glass beads, or microspheres, for oil well cements |
|
• Silicates and alum for water treatment mining |
|
• Bleaching aids for paper |
|
|
The following tables disaggregate the Company’s sales, by segment and end use, for the three and six months ended June 30, 2019 and 2018:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2019 |
|
Refining
Services
|
|
Catalysts |
|
Performance Materials |
|
Performance Chemicals |
|
Total |
Industrial & process chemicals |
$ |
21,903 |
|
|
$ |
— |
|
|
$ |
12,783 |
|
|
$ |
60,662 |
|
|
$ |
95,348 |
|
Fuels & emission control (1)
|
63,505 |
|
|
— |
|
|
— |
|
|
— |
|
|
63,505 |
|
Packaging & engineered plastics |
14,067 |
|
|
20,857 |
|
|
17,595 |
|
|
14,344 |
|
|
66,863 |
|
Highway safety & construction (1)
|
— |
|
|
— |
|
|
85,257 |
|
|
22,297 |
|
|
107,554 |
|
Consumer products |
— |
|
|
— |
|
|
— |
|
|
65,440 |
|
|
65,440 |
|
Natural resources |
17,815 |
|
|
— |
|
|
3,237 |
|
|
15,085 |
|
|
36,137 |
|
Total segment sales |
117,290 |
|
|
20,857 |
|
|
118,872 |
|
|
177,828 |
|
|
434,847 |
|
Eliminations |
(895 |
) |
|
214 |
|
|
(104 |
) |
|
(2,387 |
) |
|
(3,172 |
) |
Total |
$ |
116,395 |
|
|
$ |
21,071 |
|
|
$ |
118,768 |
|
|
$ |
175,441 |
|
|
$ |
431,675 |
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2019 |
|
Refining
Services
|
|
Catalysts |
|
Performance Materials |
|
Performance Chemicals |
|
Total |
Industrial & process chemicals |
$ |
40,305 |
|
|
$ |
62 |
|
|
$ |
25,812 |
|
|
$ |
120,313 |
|
|
$ |
186,492 |
|
Fuels & emission control (1)
|
121,195 |
|
|
— |
|
|
— |
|
|
— |
|
|
121,195 |
|
Packaging & engineered plastics |
26,756 |
|
|
36,661 |
|
|
34,977 |
|
|
29,073 |
|
|
127,467 |
|
Highway safety & construction (1)
|
— |
|
|
— |
|
|
112,617 |
|
|
44,236 |
|
|
156,853 |
|
Consumer products |
— |
|
|
— |
|
|
— |
|
|
133,949 |
|
|
133,949 |
|
Natural resources |
34,878 |
|
|
— |
|
|
6,555 |
|
|
30,719 |
|
|
72,152 |
|
Total segment sales |
223,134 |
|
|
36,723 |
|
|
179,961 |
|
|
358,290 |
|
|
798,108 |
|
Eliminations |
(1,782 |
) |
|
(62 |
) |
|
(152 |
) |
|
(5,216 |
) |
|
(7,212 |
) |
Total |
$ |
221,352 |
|
|
$ |
36,661 |
|
|
$ |
179,809 |
|
|
$ |
353,074 |
|
|
$ |
790,896 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2018 |
|
|
Refining
Services
|
|
Catalysts |
|
Performance Materials |
|
Performance Chemicals |
|
Total |
Industrial & process chemicals |
|
$ |
17,281 |
|
|
$ |
54 |
|
|
$ |
14,289 |
|
|
$ |
65,660 |
|
|
$ |
97,284 |
|
Fuels & emission control (1)
|
|
60,212 |
|
|
— |
|
|
— |
|
|
— |
|
|
60,212 |
|
Packaging & engineered plastics |
|
16,626 |
|
|
17,293 |
|
|
19,593 |
|
|
14,373 |
|
|
67,885 |
|
Highway safety & construction (1)
|
|
— |
|
|
— |
|
|
88,767 |
|
|
21,979 |
|
|
110,746 |
|
Consumer products |
|
— |
|
|
— |
|
|
— |
|
|
65,388 |
|
|
65,388 |
|
Natural resources |
|
17,952 |
|
|
— |
|
|
3,889 |
|
|
16,361 |
|
|
38,202 |
|
Total segment sales |
|
112,071 |
|
|
17,347 |
|
|
126,538 |
|
|
183,761 |
|
|
439,717 |
|
Eliminations |
|
(812 |
) |
|
(54 |
) |
|
(261 |
) |
|
(3,877 |
) |
|
(5,004 |
) |
Total |
|
$ |
111,259 |
|
|
$ |
17,293 |
|
|
$ |
126,277 |
|
|
$ |
179,884 |
|
|
$ |
434,713 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2018 |
|
|
Refining
Services
|
|
Catalysts |
|
Performance Materials |
|
Performance Chemicals |
|
Total |
Industrial & process chemicals |
|
$ |
34,320 |
|
|
$ |
54 |
|
|
$ |
26,807 |
|
|
$ |
131,296 |
|
|
$ |
192,477 |
|
Fuels & emission control (1)
|
|
116,209 |
|
|
— |
|
|
— |
|
|
— |
|
|
116,209 |
|
Packaging & engineered plastics |
|
28,396 |
|
|
33,766 |
|
|
39,485 |
|
|
26,289 |
|
|
127,936 |
|
Highway safety & construction (1)
|
|
— |
|
|
— |
|
|
115,426 |
|
|
42,465 |
|
|
157,891 |
|
Consumer products |
|
— |
|
|
— |
|
|
— |
|
|
142,118 |
|
|
142,118 |
|
Natural resources |
|
33,860 |
|
|
— |
|
|
7,562 |
|
|
31,556 |
|
|
72,978 |
|
Total segment sales |
|
212,785 |
|
|
33,820 |
|
|
189,280 |
|
|
373,724 |
|
|
809,609 |
|
Eliminations |
|
(1,624 |
) |
|
(54 |
) |
|
(333 |
) |
|
(6,688 |
) |
|
(8,699 |
) |
Total |
|
$ |
211,161 |
|
|
$ |
33,766 |
|
|
$ |
188,947 |
|
|
$ |
367,036 |
|
|
$ |
800,910 |
|
(1)
As described in Note 1, the Company experiences seasonal sales fluctuations to customers in the fuels & emission control and highway safety & construction end uses.
|