| Disaggregation of Revenue |
The Company’s portfolio of products are integrated into a variety of end uses, which are described in the table below.
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| Key End Uses |
Key Products |
| Industrial & process chemicals |
• Silicate precursors for the tire industry |
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• Glass beads, or microspheres, for metal finishing end uses |
| Fuels & emission control |
• Refinery catalysts |
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• Emission control catalysts |
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• Catalyst recycling services |
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• Silicate for catalyst manufacturing |
| Packaging & engineered plastics |
• Catalysts for high-density polyethlene and chemicals syntheses |
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• Antiblocks for film packaging |
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• Solid and hollow microspheres for composite plastics |
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• Sulfur derivatives for nylon production |
| Highway safety & construction |
• Reflective markings for roadways and airports |
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• Silica gels for surface coatings |
| Consumer products |
• Silica gels for edible oil and beer clarification |
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• Precipitated silicas, silicates and zeolites for the dentifrice and |
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dishwasher and laundry detergent applications |
| Natural resources |
• Silicates for drilling muds |
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• Hollow glass beads, or microspheres, for oil well cements |
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• Silicates and alum for water treatment mining |
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• Bleaching aids for paper |
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The following tables disaggregate the Company’s sales, by segment and end use, for the three and six months ended June 30, 2020 and 2019:
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Three months ended June 30, 2020 |
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Refining
Services |
|
Catalysts |
|
Performance
Materials |
|
Performance
Chemicals |
|
Total |
| Industrial & process chemicals |
$ |
16,713 |
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|
$ |
2 |
|
|
$ |
9,314 |
|
|
$ |
43,747 |
|
|
$ |
69,776 |
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Fuels & emission control(1)
|
50,681 |
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|
— |
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|
42 |
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|
— |
|
|
50,723 |
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| Packaging & engineered plastics |
7,473 |
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|
25,206 |
|
|
13,645 |
|
|
9,552 |
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|
55,876 |
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Highway safety & construction(1)
|
— |
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|
— |
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|
78,340 |
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|
18,312 |
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|
96,652 |
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| Consumer products |
— |
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|
— |
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|
— |
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|
59,907 |
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|
59,907 |
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| Natural resources |
15,565 |
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|
— |
|
|
2,862 |
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|
11,123 |
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|
29,550 |
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| Total segment sales |
90,432 |
|
|
25,208 |
|
|
104,203 |
|
|
142,641 |
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|
362,484 |
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| Eliminations |
(780) |
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|
(2) |
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|
(54) |
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|
(2,123) |
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|
(2,959) |
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| Total |
$ |
89,652 |
|
|
$ |
25,206 |
|
|
$ |
104,149 |
|
|
$ |
140,518 |
|
|
$ |
359,525 |
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|
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Three months ended June 30, 2019 |
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Refining
Services |
|
Catalysts |
|
Performance
Materials |
|
Performance
Chemicals |
|
Total |
| Industrial & process chemicals |
$ |
21,903 |
|
|
$ |
— |
|
|
$ |
12,783 |
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|
$ |
60,662 |
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|
$ |
95,348 |
|
Fuels & emission control(1)
|
63,505 |
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|
— |
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|
— |
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|
— |
|
|
63,505 |
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| Packaging & engineered plastics |
14,067 |
|
|
20,857 |
|
|
17,595 |
|
|
14,344 |
|
|
66,863 |
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Highway safety & construction(1)
|
— |
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|
— |
|
|
85,257 |
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|
22,297 |
|
|
107,554 |
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| Consumer products |
— |
|
|
— |
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|
— |
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|
65,440 |
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|
65,440 |
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| Natural resources |
17,815 |
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|
— |
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|
3,237 |
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|
15,085 |
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|
36,137 |
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| Total segment sales |
117,290 |
|
|
20,857 |
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|
118,872 |
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|
177,828 |
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|
434,847 |
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| Eliminations |
(895) |
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|
214 |
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|
(104) |
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(2,387) |
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(3,172) |
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| Total |
$ |
116,395 |
|
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$ |
21,071 |
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|
$ |
118,768 |
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$ |
175,441 |
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$ |
431,675 |
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Six months ended June 30, 2020 |
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Refining
Services |
|
Catalysts |
|
Performance
Materials |
|
Performance
Chemicals |
|
Total |
| Industrial & process chemicals |
|
$ |
36,071 |
|
|
$ |
49 |
|
|
$ |
21,438 |
|
|
$ |
103,581 |
|
|
$ |
161,139 |
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Fuels & emission control(1)
|
|
106,393 |
|
|
— |
|
|
81 |
|
|
— |
|
|
106,474 |
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| Packaging & engineered plastics |
|
18,207 |
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|
50,023 |
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|
31,115 |
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|
23,827 |
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|
123,172 |
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Highway safety & construction(1)
|
|
— |
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|
— |
|
|
110,983 |
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|
38,501 |
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|
149,484 |
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| Consumer products |
|
— |
|
|
— |
|
|
— |
|
|
123,933 |
|
|
123,933 |
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| Natural resources |
|
30,452 |
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|
— |
|
|
6,155 |
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|
27,078 |
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|
63,685 |
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| Total segment sales |
|
191,123 |
|
|
50,072 |
|
|
169,772 |
|
|
316,920 |
|
|
727,887 |
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| Eliminations |
|
(1,705) |
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|
(49) |
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|
(109) |
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|
(4,901) |
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(6,764) |
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| Total |
|
$ |
189,418 |
|
|
$ |
50,023 |
|
|
$ |
169,663 |
|
|
$ |
312,019 |
|
|
$ |
721,123 |
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Six months ended June 30, 2019 |
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|
Refining
Services |
|
Catalysts |
|
Performance
Materials |
|
Performance
Chemicals |
|
Total |
| Industrial & process chemicals |
|
$ |
40,305 |
|
|
$ |
62 |
|
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$ |
25,812 |
|
|
$ |
120,313 |
|
|
$ |
186,492 |
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Fuels & emission control(1)
|
|
121,195 |
|
|
— |
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|
— |
|
|
— |
|
|
121,195 |
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| Packaging & engineered plastics |
|
26,756 |
|
|
36,661 |
|
|
34,977 |
|
|
29,073 |
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|
127,467 |
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Highway safety & construction(1)
|
|
— |
|
|
— |
|
|
112,617 |
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|
44,236 |
|
|
156,853 |
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| Consumer products |
|
— |
|
|
— |
|
|
— |
|
|
133,949 |
|
|
133,949 |
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| Natural resources |
|
34,878 |
|
|
— |
|
|
6,555 |
|
|
30,719 |
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|
72,152 |
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| Total segment sales |
|
223,134 |
|
|
36,723 |
|
|
179,961 |
|
|
358,290 |
|
|
798,108 |
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| Eliminations |
|
(1,782) |
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(62) |
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|
(152) |
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(5,216) |
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(7,212) |
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| Total |
|
$ |
221,352 |
|
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$ |
36,661 |
|
|
$ |
179,809 |
|
|
$ |
353,074 |
|
|
$ |
790,896 |
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(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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