Segment Financial Information (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Segment operating results are as follows:


	Rubber		Specialty		Corporate		Total
	(In millions)
2025
Net sales from external customers	$	1,188.2	$	618.5	$	—	$	1,806.7
Less:
Cost of Sales	969.2		477.7		—		1,446.9

Selling, general and administrative expenses	139.5		90.1		1.1		230.7
Loss (recovery) due to misappropriation of assets, net	—		—		(6.9)		(6.9)
Goodwill impairment	32.3		48.5		—		80.8
Other segment items	13.8		13.9		—		27.7
Add:

LTIP and other non-operating charges	6.6		6.5		1.1		14.2
Loss (recovery) due to misappropriation of assets, net	—		—		(6.9)		(6.9)
Goodwill impairment	32.3		48.5		—		80.8
Equity in earnings of affiliated companies, net of tax	0.5		—		—		0.5
Depreciation and amortization of intangible assets, right of use assets, and property, plant and equipment	81.7		50.2		—		131.9


Adjusted EBITDA	$	154.5	$	93.5	—		$	248.0
Assets	$	1,093.7	$	688.6	$	125.3	$	1,907.6
Capital expenditures	66.0		95.0		—		161.0

2024
Net sales from external customers	$	1,231.2	$	646.3	$	—	$	1,877.5
Less:

Cost of Sales	954.3		494.4		—		1448.7
Selling, general and administrative expenses	152.1		84.7		1.0		237.8
Loss (recovery) due to misappropriation of assets, net	—		—		59.3		59.3
Other segment items	14.3		15.7		(1.0)		29.0
Add:

LTIP and other non-operating charges	7.2		7.1		—		14.3
Loss (recovery) due to misappropriation of assets, net	—		—		59.3		59.3
Equity in earnings of affiliated companies, net of tax	0.6		—		—		0.6
Depreciation and amortization of intangible assets, right of use assets, and property, plant and equipment	75.8		49.5		—		125.3



Adjusted EBITDA	$	194.1	$	108.1	—		$	302.2
Assets	$	1,047.8	$	698.3	$	111.2	$	1,857.3
Capital expenditures	102.1		104.6		—		206.7

2023
Net sales from external customers	$	1,283.3	$	610.6	$	—	$	1,893.9
Less:

Cost of Sales	992.6		450.3		—		1442.9
Selling, general and administrative expenses	135.0		85.7		1.2		221.9
Other segment items	12.2		13.5		(1.9)		23.8
Add:

LTIP and other non-operating charges	7.2		7.0		(0.7)		13.5
Equity in earnings of affiliated companies, net of tax	0.5		—		—		0.5
Depreciation and amortization of intangible assets, right of use assets, and property, plant and equipment	70.4		42.6		—		113.0



Adjusted EBITDA	$	221.6	$	110.7	—		$	332.3
Assets	$	1,014.3	$	703.4	$	115.7	$	1,833.4
Capital expenditures	99.5		73.3		—		172.8

Other segment items—Other segment items for each reportable segment includes Research and development costs and Other expense (income), net.

A reconciliation of Adjusted EBITDA to Income from continuing operations before income taxes for each of the periods presented is as follows:


	2025		2024		2023
	(In millions)
Income (loss) before earnings in affiliated companies and income taxes	$	(34.8)	$	53.3	$	163.3
LTIP and other non-operating charges	14.2		14.3		13.5
Depreciation and amortization of intangible assets, right of use assets, and property, plant and equipment	131.9		125.3		113.0
Loss (recovery) due to misappropriation of assets, net
Misappropriation of assets, net	(9.2)		55.7		—
Professional fees related to misappropriation of assets	2.3		3.6		—
Goodwill impairment	80.8		—		—
Equity in earnings of affiliated companies, net of tax	0.5		0.6		0.5
Interest and other financial expense, net	62.3		49.4		50.9
Reclassification of actuarial (gains)/losses from AOCI	—		—		(8.9)
Adjusted EBITDA	$	248.0	$	302.2	$	332.3

LTIP and other non-operating charges include the following:


	2025		2024		2023
	(In millions)



LTIP	$	13.6	$	15.3	$	15.4

Environmental reserves	—		—		(2.2)
Other non-operating	0.6		(1.0)		0.3
	$	14.2	$	14.3	$	13.5

Schedule of Geographic Information

Geographic information:


Net sales	Years Ended December 31,
	2025		2024		2023
	(In millions)
Americas	$	607.3	$	622.5	$	657.4
USA	407.7		430.0		470.4
Brazil	157.7		145.5		145.4
Rest of Americas	41.9		47.0		41.6
EMEA	794.9		831.6		804.5
Germany	165.4		168.3		189.5
Czech Republic	74.3		57.7		49.4
Italy	82.1		83.6		84.8
Poland	56.3		54.7		59.9
South Africa	52.4		66.8		69.5
Spain	47.6		53.3		52.8
Rest of EMEA	316.8		347.2		298.6
APAC	404.5		423.4		432.0
China	184.2		187.0		178.3
Republic of Korea	128.9		130.4		139.0
Rest of Asia	91.4		106.0		114.7
Total	$	1,806.7	$	1,877.5	$	1,893.9


Long-lived tangible assets(1)	December 31
	2025		2024
	(In millions)
Germany	$	197.9	$	168.6
Sweden	29.9		24.5
Italy	65.4		62.1
Poland	26.1		22.1
Rest of Europe	25.8		23.1
Subtotal Europe	345.1		300.4
United States	600.8		530.1
South Korea	95.6		98.2
South Africa	30.8		27.5
Brazil	18.3		17.7
China	104.7		108.9
Other	0.1		0.1
Total	$	1,195.4	$	1,082.9

(1) Long-lived assets include property, plant and equipment, net and right-of-use assets, net.