| 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 six months months ended June 30, 2018:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2018 |
|
|
Environmental Catalysts & Services |
|
Performance Materials & Chemicals |
|
Total |
Industrial & process chemicals |
|
$ |
17,335 |
|
|
$ |
75,811 |
|
|
$ |
93,146 |
|
Fuels & emission control (1)
|
|
60,212 |
|
|
— |
|
|
60,212 |
|
Packaging & engineered plastics |
|
33,919 |
|
|
33,966 |
|
|
67,885 |
|
Highway safety & construction (1)
|
|
— |
|
|
110,746 |
|
|
110,746 |
|
Consumer products |
|
— |
|
|
65,388 |
|
|
65,388 |
|
Natural resources |
|
17,952 |
|
|
20,250 |
|
|
38,202 |
|
Total |
|
129,418 |
|
|
306,161 |
|
|
435,579 |
|
Inter-segment sales eliminations |
|
(866 |
) |
|
— |
|
|
(866 |
) |
Total segment sales |
|
$ |
128,552 |
|
|
$ |
306,161 |
|
|
$ |
434,713 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2018 |
|
|
Environmental Catalysts & Services |
|
Performance Materials & Chemicals |
|
Total |
Industrial & process chemicals |
|
$ |
34,374 |
|
|
$ |
151,082 |
|
|
$ |
185,456 |
|
Fuels & emission control (1)
|
|
116,209 |
|
|
— |
|
|
116,209 |
|
Packaging & engineered plastics |
|
62,162 |
|
|
65,774 |
|
|
127,936 |
|
Highway safety & construction (1)
|
|
— |
|
|
157,891 |
|
|
157,891 |
|
Consumer products |
|
— |
|
|
142,118 |
|
|
142,118 |
|
Natural resources |
|
33,860 |
|
|
39,118 |
|
|
72,978 |
|
Total |
|
246,605 |
|
|
555,983 |
|
|
802,588 |
|
Inter-segment sales eliminations |
|
(1,678 |
) |
|
— |
|
|
(1,678 |
) |
Total segment sales |
|
$ |
244,927 |
|
|
$ |
555,983 |
|
|
$ |
800,910 |
|
|
|
|
|
|
|
|
|
|
(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.
|
|