Quarterly report pursuant to Section 13 or 15(d)

Investments in Affiliated Companies (Tables)

v3.24.3
Investments in Affiliated Companies (Tables)
9 Months Ended
Sep. 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 September 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
September 30,
Nine months ended
September 30,
2024 2023 2024 2023
Sales $ 76,568  $ 81,115  $ 204,073  $ 236,200 
Gross profit 9,200  22,205  43,129  66,776 
Operating (loss) income (1,608) 12,414  10,976  39,916 
Net (loss) income (623) 12,617  11,387  42,189 
(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.