| 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 |
• Refining catalysts |
|
• 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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• Antiblock 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 |
|
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 nine months ended September 30, 2020 and 2019:
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Three months ended September 30, 2020 |
|
Refining
Services |
|
Catalysts |
|
Performance
Materials |
|
Performance
Chemicals |
|
Total |
| Industrial & process chemicals |
$ |
17,447 |
|
|
$ |
51 |
|
|
$ |
11,134 |
|
|
$ |
47,786 |
|
|
$ |
76,418 |
|
Fuels & emission control(1)
|
60,022 |
|
|
— |
|
|
— |
|
|
700 |
|
|
60,722 |
|
| Packaging & engineered plastics |
10,941 |
|
|
23,020 |
|
|
15,438 |
|
|
11,987 |
|
|
61,386 |
|
Highway safety & construction(1)
|
— |
|
|
— |
|
|
74,672 |
|
|
19,553 |
|
|
94,225 |
|
| Consumer products |
— |
|
|
— |
|
|
— |
|
|
56,304 |
|
|
56,304 |
|
| Natural resources |
19,194 |
|
|
— |
|
|
3,330 |
|
|
12,183 |
|
|
34,707 |
|
| Total segment sales |
107,604 |
|
|
23,071 |
|
|
104,574 |
|
|
148,513 |
|
|
383,762 |
|
| Eliminations |
(764) |
|
|
(51) |
|
|
(57) |
|
|
(2,571) |
|
|
(3,443) |
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| Total |
$ |
106,840 |
|
|
$ |
23,020 |
|
|
$ |
104,517 |
|
|
$ |
145,942 |
|
|
$ |
380,319 |
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2019 |
|
Refining
Services |
|
Catalysts |
|
Performance
Materials |
|
Performance
Chemicals |
|
Total |
| Industrial & process chemicals |
$ |
20,180 |
|
|
$ |
47 |
|
|
$ |
12,225 |
|
|
$ |
54,696 |
|
|
$ |
87,148 |
|
Fuels & emission control(1)
|
70,048 |
|
|
— |
|
|
— |
|
|
— |
|
|
70,048 |
|
| Packaging & engineered plastics |
12,197 |
|
|
25,565 |
|
|
16,886 |
|
|
12,048 |
|
|
66,696 |
|
Highway safety & construction(1)
|
— |
|
|
— |
|
|
82,502 |
|
|
20,800 |
|
|
103,302 |
|
| Consumer products |
— |
|
|
— |
|
|
— |
|
|
64,849 |
|
|
64,849 |
|
| Natural resources |
15,910 |
|
|
— |
|
|
3,521 |
|
|
15,556 |
|
|
34,987 |
|
| Total segment sales |
118,335 |
|
|
25,612 |
|
|
115,134 |
|
|
167,949 |
|
|
427,030 |
|
| Eliminations |
(813) |
|
|
(47) |
|
|
(18) |
|
|
(2,351) |
|
|
(3,229) |
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| Total |
$ |
117,522 |
|
|
$ |
25,565 |
|
|
$ |
115,116 |
|
|
$ |
165,598 |
|
|
$ |
423,801 |
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|
|
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|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2020 |
|
|
Refining
Services |
|
Catalysts |
|
Performance
Materials |
|
Performance
Chemicals |
|
Total |
| Industrial & process chemicals |
|
$ |
53,518 |
|
|
$ |
100 |
|
|
$ |
32,571 |
|
|
$ |
151,367 |
|
|
$ |
237,556 |
|
Fuels & emission control(1)
|
|
166,416 |
|
|
— |
|
|
3 |
|
|
700 |
|
|
167,119 |
|
| Packaging & engineered plastics |
|
29,147 |
|
|
73,043 |
|
|
46,554 |
|
|
35,814 |
|
|
184,558 |
|
Highway safety & construction(1)
|
|
— |
|
|
— |
|
|
185,733 |
|
|
58,054 |
|
|
243,787 |
|
| Consumer products |
|
— |
|
|
— |
|
|
— |
|
|
180,238 |
|
|
180,238 |
|
| Natural resources |
|
49,646 |
|
|
— |
|
|
9,485 |
|
|
39,260 |
|
|
98,391 |
|
| Total segment sales |
|
298,727 |
|
|
73,143 |
|
|
274,346 |
|
|
465,433 |
|
|
1,111,649 |
|
| Eliminations |
|
(2,469) |
|
|
(100) |
|
|
(166) |
|
|
(7,472) |
|
|
(10,207) |
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| Total |
|
$ |
296,258 |
|
|
$ |
73,043 |
|
|
$ |
274,180 |
|
|
$ |
457,961 |
|
|
$ |
1,101,442 |
|
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|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2019 |
|
|
Refining
Services |
|
Catalysts |
|
Performance
Materials |
|
Performance
Chemicals |
|
Total |
| Industrial & process chemicals |
|
$ |
60,485 |
|
|
$ |
109 |
|
|
$ |
38,037 |
|
|
$ |
175,009 |
|
|
$ |
273,640 |
|
Fuels & emission control(1)
|
|
191,243 |
|
|
— |
|
|
— |
|
|
— |
|
|
191,243 |
|
| Packaging & engineered plastics |
|
38,953 |
|
|
62,226 |
|
|
51,863 |
|
|
41,121 |
|
|
194,163 |
|
Highway safety & construction(1)
|
|
— |
|
|
— |
|
|
195,119 |
|
|
65,036 |
|
|
260,155 |
|
| Consumer products |
|
— |
|
|
— |
|
|
— |
|
|
198,798 |
|
|
198,798 |
|
| Natural resources |
|
50,788 |
|
|
— |
|
|
10,076 |
|
|
46,275 |
|
|
107,139 |
|
| Total segment sales |
|
341,469 |
|
|
62,335 |
|
|
295,095 |
|
|
526,239 |
|
|
1,225,138 |
|
| Eliminations |
|
(2,595) |
|
|
(109) |
|
|
(170) |
|
|
(7,567) |
|
|
(10,441) |
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| Total |
|
$ |
338,874 |
|
|
$ |
62,226 |
|
|
$ |
294,925 |
|
|
$ |
518,672 |
|
|
$ |
1,214,697 |
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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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