Quarterly report pursuant to Section 13 or 15(d)

Investments in Affiliated Companies (Tables)

v3.23.2
Investments in Affiliated Companies (Tables)
 6 Months Ended
Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
The Company accounts for investments in affiliated companies under the equity method. Affiliated companies accounted for on the equity basis as of June 30, 2023 are as follows:
Company Country Percent
Ownership
Zeolyst International USA 50%
Zeolyst C.V. Netherlands 50%
Following is summarized information of the combined investments(1):
Three months ended
June 30,		 Six months ended
June 30,
2023 2022 2023 2022
Sales $ 99,188  $ 84,663  $ 155,085  $ 151,346 
Gross profit 34,461  29,168  44,571  52,752 
Operating income 25,103  19,476  27,502  34,112 
Net income 25,926  20,210  29,573  34,908 
(1)Summarized information of the combined investments is presented at 100%; the Company’s share of the net assets and net income of affiliates is calculated based on the percent ownership specified in the table above.