| 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 and nine months ended September 30, 2019 and 2018:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
) |
Total |
$ |
117,522 |
|
|
$ |
25,565 |
|
|
$ |
115,116 |
|
|
$ |
165,598 |
|
|
$ |
423,801 |
|
|
|
|
|
|
|
|
|
|
|
|
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 |
) |
Total |
$ |
338,874 |
|
|
$ |
62,226 |
|
|
$ |
294,925 |
|
|
$ |
518,672 |
|
|
$ |
1,214,697 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2018 |
|
|
Refining
Services
|
|
Catalysts |
|
Performance Materials |
|
Performance Chemicals |
|
Total |
Industrial & process chemicals |
|
$ |
21,027 |
|
|
$ |
— |
|
|
$ |
11,263 |
|
|
$ |
55,589 |
|
|
$ |
87,879 |
|
Fuels & emission control (1)
|
|
66,095 |
|
|
— |
|
|
— |
|
|
— |
|
|
66,095 |
|
Packaging & engineered plastics |
|
16,636 |
|
|
16,347 |
|
|
17,763 |
|
|
14,086 |
|
|
64,832 |
|
Highway safety & construction (1)
|
|
— |
|
|
— |
|
|
82,738 |
|
|
22,466 |
|
|
105,204 |
|
Consumer products |
|
— |
|
|
— |
|
|
— |
|
|
67,138 |
|
|
67,138 |
|
Natural resources |
|
19,611 |
|
|
— |
|
|
3,616 |
|
|
15,443 |
|
|
38,670 |
|
Total segment sales |
|
123,369 |
|
|
16,347 |
|
|
115,380 |
|
|
174,722 |
|
|
429,818 |
|
Eliminations |
|
(833 |
) |
|
— |
|
|
119 |
|
|
(1,901 |
) |
|
(2,615 |
) |
Total |
|
$ |
122,536 |
|
|
$ |
16,347 |
|
|
$ |
115,499 |
|
|
$ |
172,821 |
|
|
$ |
427,203 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2018 |
|
|
Refining
Services
|
|
Catalysts |
|
Performance Materials |
|
Performance Chemicals |
|
Total |
Industrial & process chemicals |
|
$ |
55,347 |
|
|
$ |
54 |
|
|
$ |
38,070 |
|
|
$ |
186,886 |
|
|
$ |
280,357 |
|
Fuels & emission control (1)
|
|
182,304 |
|
|
— |
|
|
— |
|
|
— |
|
|
182,304 |
|
Packaging & engineered plastics |
|
45,032 |
|
|
50,113 |
|
|
57,247 |
|
|
40,375 |
|
|
192,767 |
|
Highway safety & construction (1)
|
|
— |
|
|
— |
|
|
198,165 |
|
|
64,930 |
|
|
263,095 |
|
Consumer products |
|
— |
|
|
— |
|
|
— |
|
|
209,256 |
|
|
209,256 |
|
Natural resources |
|
53,471 |
|
|
— |
|
|
11,178 |
|
|
46,999 |
|
|
111,648 |
|
Total segment sales |
|
336,154 |
|
|
50,167 |
|
|
304,660 |
|
|
548,446 |
|
|
1,239,427 |
|
Eliminations |
|
(2,456 |
) |
|
(54 |
) |
|
(214 |
) |
|
(8,590 |
) |
|
(11,314 |
) |
Total |
|
$ |
333,698 |
|
|
$ |
50,113 |
|
|
$ |
304,446 |
|
|
$ |
539,856 |
|
|
$ |
1,228,113 |
|
(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.
|