Quarterly report pursuant to Section 13 or 15(d)

Investments in Affiliated Companies (Tables)

v3.23.3
Investments in Affiliated Companies (Tables)
 9 Months Ended
Sep. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Ownership Percentage and Summarized Income Statement Affiliated companies accounted for on the equity basis as of September 30, 2023 are as follows:
Company Country Percent
ownership
Zeolyst International USA 50%
Zeolyst C.V. Netherlands 50%
Following is summarized information of the combined investments(1):
Three months ended
September 30,		 Nine months ended
September 30,
2023 2022 2023 2022
Sales $ 81,115  $ 67,043  $ 236,200  $ 218,389 
Gross profit 22,205  17,794  66,776  70,546 
Operating income 12,414  10,228  39,916  44,340 
Net income 12,617  9,540  42,189  44,448 
(1)Summarized information of the combined investments is presented at 100%; the Company’s share of the net assets and net income of affiliates is calculated based on the percent ownership specified in the table above.