| 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 table disaggregates the Company’s sales, by segment and end use, for the years ended December 31, 2019 and 2018:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, 2019 |
|
|
Refining Services |
|
Catalysts |
|
Performance Materials |
|
Performance Chemicals |
|
Total |
Industrial & process chemicals |
|
$ |
80,661 |
|
|
$ |
109 |
|
|
$ |
50,380 |
|
|
$ |
226,089 |
|
|
$ |
357,239 |
|
Fuels & emission control(1)
|
|
252,294 |
|
|
— |
|
|
— |
|
|
— |
|
|
252,294 |
|
Packaging & engineered plastics |
|
48,056 |
|
|
85,558 |
|
|
68,000 |
|
|
52,836 |
|
|
254,450 |
|
Highway safety & construction(1)
|
|
— |
|
|
— |
|
|
231,081 |
|
|
84,358 |
|
|
315,439 |
|
Consumer products |
|
— |
|
|
— |
|
|
— |
|
|
260,868 |
|
|
260,868 |
|
Natural resources |
|
66,070 |
|
|
— |
|
|
13,504 |
|
|
60,986 |
|
|
140,560 |
|
Total segment sales |
|
447,081 |
|
|
85,667 |
|
|
362,965 |
|
|
685,137 |
|
|
1,580,850 |
|
Inter-segment sales eliminations |
|
(3,398 |
) |
|
(109 |
) |
|
(225 |
) |
|
(10,046 |
) |
|
(13,778 |
) |
Total |
|
$ |
443,683 |
|
|
$ |
85,558 |
|
|
$ |
362,740 |
|
|
$ |
675,091 |
|
|
$ |
1,567,072 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, 2018 |
|
|
Refining Services |
|
Catalysts |
|
Performance Materials |
|
Performance Chemicals |
|
Total |
Industrial & process chemicals |
|
$ |
77,866 |
|
|
$ |
86 |
|
|
$ |
51,262 |
|
|
$ |
240,214 |
|
|
$ |
369,428 |
|
Fuels & emission control(1)
|
|
246,452 |
|
|
— |
|
|
— |
|
|
— |
|
|
246,452 |
|
Packaging & engineered plastics |
|
59,168 |
|
|
72,013 |
|
|
76,489 |
|
|
54,507 |
|
|
262,177 |
|
Highway safety & construction(1)
|
|
— |
|
|
— |
|
|
235,555 |
|
|
84,579 |
|
|
320,134 |
|
Consumer products |
|
— |
|
|
— |
|
|
— |
|
|
272,576 |
|
|
272,576 |
|
Natural resources |
|
72,076 |
|
|
— |
|
|
14,973 |
|
|
65,459 |
|
|
152,508 |
|
Total segment sales |
|
455,562 |
|
|
72,099 |
|
|
378,279 |
|
|
717,335 |
|
|
1,623,275 |
|
Inter-segment sales eliminations |
|
(3,237 |
) |
|
(86 |
) |
|
(300 |
) |
|
(11,498 |
) |
|
(15,121 |
) |
Total |
|
$ |
452,325 |
|
|
$ |
72,013 |
|
|
$ |
377,979 |
|
|
$ |
705,837 |
|
|
$ |
1,608,154 |
|
|
|
|
|
|
|
|
|
|
|
|
(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.
|