Quarterly report pursuant to Section 13 or 15(d)

Investments in Affiliated Companies (Tables)

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Investments in Affiliated Companies (Tables)
6 Months Ended
Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Ownership Percentage and Summarized Income Statement Affiliated companies accounted for on the equity basis as of June 30, 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
June 30,
Six months ended
June 30,
2024 2023 2024 2023
Sales $ 70,644  $ 99,188  $ 127,505  $ 155,085 
Gross profit 16,751  34,461  33,929  44,571 
Operating income 5,739  25,103  12,583  27,502 
Net income 4,665  25,926  12,010  29,573 
(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.