Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Summary of Results of Segment Operations

The following table sets forth certain sales and operating data, net of all intersegment transactions, for our segments for the periods indicated:

	Three Months Ended March 31,
	2020			2019
(Dollars in millions)
Revenues from external customers:
Railroad and Utility Products and Services	$	190.0		$	166.1
Performance Chemicals		111.4			99.0
Carbon Materials and Chemicals^(a)		100.5			111.8
Total	$	401.9		$	376.9
Intersegment revenues:
Railroad and Utility Products and Services	$	0.0		$	0.3
Performance Chemicals		3.2			3.1
Carbon Materials and Chemicals		18.0			17.9
Total	$	21.2		$	21.3
Depreciation and amortization expense:
Railroad and Utility Products and Services	$	4.9		$	4.8
Performance Chemicals		4.5			4.9
Carbon Materials and Chemicals^(b)		4.1			3.9
Total	$	13.5		$	13.6
Operating profit (loss):
Railroad and Utility Products and Services	$	9.2		$	8.7
Performance Chemicals		4.1			12.8
Carbon Materials and Chemicals^(c)		0.7			3.3
Corporate		(0.4	)		(0.5	)
Total	$	13.6		$	24.3

(a)

Revenue excludes KJCC discontinued operations of $9.9 million and $58.0 million for the three months ended March 31, 2020 and 2019, respectively.

(b)

Depreciation and amortization expense excludes KJCC discontinued operations of $1.0 million for the three months ended March 31, 2020 and 2019.

(c)

Operating profit (loss) excludes KJCC discontinued operations of $(5.1) million and $4.1 million for the three months ended March 31, 2020 and 2019, respectively.

Schedule of Segment Revenues for Significant Product Lines

The following table sets forth revenues for significant product lines, net of all intersegment transactions, for our segments for the periods indicated:

	Three Months Ended March 31,
	2020		2019
(Dollars in millions)
Railroad and Utility Products and Services:
Railroad treated products	$	112.0	$	88.6
Utility poles		61.9		54.5
Rail joints		6.4		8.3
Railroad infrastructure services		6.0		8.8
Other products		3.7		5.9
Total		190.0		166.1
Performance Chemicals:
Wood preservative products		107.6		96.4
Other products		3.8		2.6
Total		111.4		99.0
Carbon Materials and Chemicals:
Pitch and related products		50.2		62.8
Creosote and distillates		15.2		15.9
Phthalic anhydride and other chemicals		23.5		21.0
Naphthalene		5.0		6.4
Other products		6.6		5.8
Total		100.5		111.8
Total	$	401.9	$	376.9

Summary of Tangible and Intangible Assets by Segments

The following table sets forth tangible and intangible assets allocated to each of our segments as of the dates indicated:

	March 31, 2020		December 31, 2019
(Dollars in millions)
Segment assets:
Railroad and Utility Products and Services	$	572.4	$	562.2
Performance Chemicals		468.5		457.7
Carbon Materials and Chemicals^(a)		485.5		502.1
All other		46.7		42.6
Total^(a)	$	1,573.1	$	1,564.6
Goodwill:
Railroad and Utility Products and Services	$	120.2	$	120.7
Performance Chemicals		172.5		175.4
Total	$	292.7	$	296.1

(a)

The Carbon Materials and Chemicals segment includes $67.5 million and $76.4 million of discontinued operations assets held for sale related to our KJCC business at March 31, 2020 and December 31, 2019, respectively.