| 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 months ended March 31, 2019 and 2018:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended March 31, 2019 |
|
Refining
Services
|
|
Catalysts |
|
Performance Materials |
|
Performance Chemicals |
|
Total |
Industrial & process chemicals |
$ |
18,402 |
|
|
$ |
276 |
|
|
$ |
13,028 |
|
|
$ |
59,652 |
|
|
$ |
91,358 |
|
Fuels & emission control (1)
|
57,690 |
|
|
— |
|
|
— |
|
|
— |
|
|
57,690 |
|
Packaging & engineered plastics |
12,689 |
|
|
15,590 |
|
|
17,382 |
|
|
14,730 |
|
|
60,391 |
|
Highway safety & construction (1)
|
— |
|
|
— |
|
|
27,360 |
|
|
21,938 |
|
|
49,298 |
|
Consumer products |
— |
|
|
— |
|
|
— |
|
|
68,509 |
|
|
68,509 |
|
Natural resources |
17,063 |
|
|
— |
|
|
3,319 |
|
|
15,633 |
|
|
36,015 |
|
Total segment sales |
105,844 |
|
|
15,866 |
|
|
61,089 |
|
|
180,462 |
|
|
363,261 |
|
Eliminations |
(887 |
) |
|
(276 |
) |
|
(48 |
) |
|
(2,829 |
) |
|
(4,040 |
) |
Total |
$ |
104,957 |
|
|
$ |
15,590 |
|
|
$ |
61,041 |
|
|
$ |
177,633 |
|
|
$ |
359,221 |
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended March 31, 2018 |
|
Refining
Services
|
|
Catalysts |
|
Performance Materials |
|
Performance Chemicals |
|
Total |
Industrial & process chemicals |
$ |
17,039 |
|
|
$ |
— |
|
|
$ |
12,518 |
|
|
$ |
65,636 |
|
|
$ |
95,193 |
|
Fuels & emission control (1)
|
55,997 |
|
|
— |
|
|
— |
|
|
— |
|
|
55,997 |
|
Packaging & engineered plastics |
11,770 |
|
|
16,473 |
|
|
19,892 |
|
|
11,916 |
|
|
60,051 |
|
Highway safety & construction (1)
|
— |
|
|
— |
|
|
26,659 |
|
|
20,486 |
|
|
47,145 |
|
Consumer products |
— |
|
|
— |
|
|
— |
|
|
76,730 |
|
|
76,730 |
|
Natural resources |
15,908 |
|
|
— |
|
|
3,673 |
|
|
15,195 |
|
|
34,776 |
|
Total segment sales |
100,714 |
|
|
16,473 |
|
|
62,742 |
|
|
189,963 |
|
|
369,892 |
|
Eliminations |
(812 |
) |
|
— |
|
|
(72 |
) |
|
(2,811 |
) |
|
(3,695 |
) |
Total |
$ |
99,902 |
|
|
$ |
16,473 |
|
|
$ |
62,670 |
|
|
$ |
187,152 |
|
|
$ |
366,197 |
|
|
|
(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.
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