| 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 nine months ended September 30, 2018:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2018 |
|
|
Environmental Catalysts & Services |
|
Performance Materials & Chemicals |
|
Total |
Industrial & process chemicals |
|
$ |
21,027 |
|
|
$ |
65,070 |
|
|
$ |
86,097 |
|
Fuels & emission control (1)
|
|
66,095 |
|
|
— |
|
|
66,095 |
|
Packaging & engineered plastics |
|
32,983 |
|
|
31,848 |
|
|
64,831 |
|
Highway safety & construction (1)
|
|
— |
|
|
105,204 |
|
|
105,204 |
|
Consumer products |
|
— |
|
|
67,138 |
|
|
67,138 |
|
Natural resources |
|
19,611 |
|
|
19,059 |
|
|
38,670 |
|
Total |
|
139,716 |
|
|
288,319 |
|
|
428,035 |
|
Inter-segment sales eliminations |
|
(832 |
) |
|
— |
|
|
(832 |
) |
Total segment sales |
|
$ |
138,884 |
|
|
$ |
288,319 |
|
|
$ |
427,203 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2018 |
|
|
Environmental Catalysts & Services |
|
Performance Materials & Chemicals |
|
Total |
Industrial & process chemicals |
|
$ |
55,401 |
|
|
$ |
216,152 |
|
|
$ |
271,553 |
|
Fuels & emission control (1)
|
|
182,304 |
|
|
— |
|
|
182,304 |
|
Packaging & engineered plastics |
|
95,145 |
|
|
97,622 |
|
|
192,767 |
|
Highway safety & construction (1)
|
|
— |
|
|
263,095 |
|
|
263,095 |
|
Consumer products |
|
— |
|
|
209,256 |
|
|
209,256 |
|
Natural resources |
|
53,471 |
|
|
58,177 |
|
|
111,648 |
|
Total |
|
386,321 |
|
|
844,302 |
|
|
1,230,623 |
|
Inter-segment sales eliminations |
|
(2,510 |
) |
|
— |
|
|
(2,510 |
) |
Total segment sales |
|
$ |
383,811 |
|
|
$ |
844,302 |
|
|
$ |
1,228,113 |
|
|
|
|
|
|
|
|
|
|
(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.
|
|