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Segment Reporting and Geographical Area Data (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting

The following table analyzes financial information by the Company’s reportable segments:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Net Sales:

 

 

 

 

 

 

 

 

 

Personal Care

 

$

409.2

 

 

$

390.0

 

 

$

352.7

 

Home Care

 

 

109.0

 

 

 

106.6

 

 

 

86.8

 

Other

 

 

163.2

 

 

 

157.1

 

 

 

122.1

 

Performance Chemicals

 

 

681.4

 

 

 

653.7

 

 

 

561.6

 

Refinery and Performance

 

 

509.4

 

 

 

517.4

 

 

 

540.6

 

Other

 

 

192.1

 

 

 

183.7

 

 

 

155.3

 

Fuel Specialties

 

 

701.5

 

 

 

701.1

 

 

 

695.9

 

Oilfield Services

 

 

395.1

 

 

 

490.6

 

 

 

691.3

 

Total net sales

 

$

1,778.0

 

 

$

1,845.4

 

 

$

1,948.8

 

Gross profit:

 

 

 

 

 

 

 

 

 

Performance Chemicals

 

 

122.0

 

 

 

148.4

 

 

 

105.6

 

Fuel Specialties

 

 

252.2

 

 

 

239.9

 

 

 

215.1

 

Oilfield Services

 

 

118.2

 

 

 

154.6

 

 

 

270.4

 

Total gross profit

 

$

492.4

 

 

$

542.9

 

 

$

591.1

 

Operating income/(expense):

 

 

 

 

 

 

 

 

 

Performance Chemicals

 

$

61.0

 

 

$

82.9

 

 

$

54.5

 

Fuel Specialties

 

 

144.8

 

 

 

129.6

 

 

 

109.7

 

Oilfield Services

 

 

23.3

 

 

 

38.8

 

 

 

78.6

 

Corporate costs

 

 

(72.8

)

 

 

(70.2

)

 

 

(81.2

)

Adjustment to fair value of contingent consideration

 

 

15.9

 

 

 

(3.4

)

 

 

 

Restructuring charge

 

 

(0.9

)

 

 

 

 

 

 

Impairment of property, plant and equipment

 

 

(22.9

)

 

 

 

 

 

 

Impairment of intangible assets

 

 

(19.1

)

 

 

 

 

 

 

Profit on disposal of property, plant and equipment

 

 

0.2

 

 

 

0.2

 

 

 

 

Total operating income

 

$

129.5

 

 

$

177.9

 

 

$

161.6

 

Identifiable assets at year-end:

 

 

 

 

 

 

 

 

 

Performance Chemicals

 

$

602.0

 

 

$

598.3

 

 

 

 

Fuel Specialties

 

 

625.5

 

 

 

553.8

 

 

 

 

Oilfield Services

 

 

212.2

 

 

 

272.5

 

 

 

 

Corporate

 

 

392.7

 

 

 

310.1

 

 

 

 

Total assets

 

$

1,832.4

 

 

$

1,734.7

 

 

 

 

Summary of Segment Reporting related to Cost of Goods Sold

The following table analyzes cost of goods sold by the Company’s reportable segments:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Performance Chemicals

 

$

559.4

 

 

$

505.3

 

 

$

456.0

 

Fuel Specialties

 

 

449.3

 

 

 

461.2

 

 

 

480.8

 

Oilfield Services

 

 

276.9

 

 

 

336.0

 

 

 

420.9

 

Total cost of goods sold

 

$

1,285.6

 

 

$

1,302.5

 

 

$

1,357.7

 

Summary of Segment Reporting related to Selling, General and Administrative Expense and Research and Development Expense

The following table analyzes selling, general and administrative expenses and research and development expenses by the Company’s reportable segments:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Performance Chemicals

 

$

61.0

 

 

$

65.5

 

 

$

51.1

 

Fuel Specialties

 

 

107.4

 

 

 

110.3

 

 

 

105.4

 

Oilfield Services

 

 

94.9

 

 

 

115.8

 

 

 

191.8

 

Corporate

 

 

72.8

 

 

 

70.2

 

 

 

81.2

 

Total selling, general and administrative expenses and research and development expenses

 

$

336.1

 

 

$

361.8

 

 

$

429.5

 

Summary of Segment Depreciation and Amortization

The following tables analyze sales and other financial information by location:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Net sales by source:

 

 

 

 

 

 

 

 

 

United States

 

$

951.7

 

 

$

1,039.7

 

 

$

1,227.2

 

United Kingdom

 

 

793.2

 

 

 

823.4

 

 

 

857.7

 

Rest of World

 

 

379.0

 

 

 

288.9

 

 

 

199.4

 

Sales between areas

 

 

(345.9

)

 

 

(306.6

)

 

 

(335.5

)

 

 

$

1,778.0

 

 

$

1,845.4

 

 

$

1,948.8

 

Income before income taxes:

 

 

 

 

 

 

 

 

 

United States

 

$

25.9

 

 

$

90.2

 

 

$

95.2

 

United Kingdom

 

 

67.3

 

 

 

(24.6

)

 

 

59.1

 

Rest of World

 

 

44.9

 

 

 

(24.4

)

 

 

20.1

 

 

 

$

138.1

 

 

$

41.2

 

 

$

174.4

 

Long-lived assets at year-end:

 

 

 

 

 

 

 

 

 

United States

 

$

132.6

 

 

$

156.2

 

 

 

 

United Kingdom

 

 

121.3

 

 

 

88.0

 

 

 

 

Rest of World

 

 

150.4

 

 

 

133.6

 

 

 

 

 

 

$

404.3

 

 

$

377.8

 

 

 

 

Identifiable assets at year-end:

 

 

 

 

 

 

 

 

 

United States

 

$

555.9

 

 

$

593.6

 

 

 

 

United Kingdom

 

 

579.1

 

 

 

488.2

 

 

 

 

Rest of World

 

 

298.4

 

 

 

270.4

 

 

 

 

Goodwill

 

 

399.0

 

 

 

382.5

 

 

 

 

 

 

$

1,832.4

 

 

$

1,734.7