Quarterly report pursuant to Section 13 or 15(d)

Investments in Affiliated Companies (Tables)

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Investments in Affiliated Companies (Tables)
3 Months Ended
Mar. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Ownership Percentage and Summarized Income Statement Affiliated companies accounted for on the equity basis as of March 31, 2024 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
March 31,
2024 2023
Sales $ 56,860  $ 55,897 
Gross profit 17,177  10,110 
Operating income 6,844  2,399 
Net income 7,345  3,647 
(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.