Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Information [Abstract]

Operating Results by Segment

Operating results by segment for the periods presented are as follows:

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Corporate & Other			Consolidated
Three months ended June 30, 2024:
Revenue from external customers	$	202,020	$	162,925	$	38,580	$	-		$	403,525
Intersegment revenue		7,193		4,775		-		-			11,968
Total revenue	$	209,213	$	167,700	$	38,580	$	-		$	415,493
Operating income (loss)	$	26,209	$	31,502	$	7,880	$	(15,934	)	$	49,657
Interest expense		-		-		-		7,653			7,653
Earnings (loss) before income taxes	$	26,209	$	31,502	$	7,880	$	(23,587	)	$	42,004
Three months ended June 30, 2023:
Revenue from external customers	$	181,752	$	156,532	$	36,029	$	-		$	374,313
Intersegment revenue		6,532		3,931		-		-			10,463
Total revenue	$	188,284	$	160,463	$	36,029	$	-		$	384,776
Operating income (loss)	$	24,456	$	29,217	$	7,575	$	(9,657	)	$	51,591
Interest expense		-		-		-		6,352			6,352
Earnings (loss) before income taxes	$	24,456	$	29,217	$	7,575	$	(16,009	)	$	45,239

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Corporate & Other			Consolidated
Six months ended June 30, 2024:
Revenue from external customers	$	390,042	$	319,289	$	78,864	$	-		$	788,195
Intersegment revenue		12,263		8,436		22		-			20,721
Total revenue	$	402,305	$	327,725	$	78,886	$	-		$	808,916
Operating income (loss)	$	49,887	$	63,181	$	16,656	$	(30,661	)	$	99,063
Interest expense		-		-		-		14,698			14,698
Earnings (loss) before income taxes	$	49,887	$	63,181	$	16,656	$	(45,359	)	$	84,365
Six months ended June 30, 2023:
Revenue from external customers	$	353,724	$	313,481	$	76,114	$	-		$	743,319
Intersegment revenue		13,412		8,143		-		-			21,555
Total revenue	$	367,136	$	321,624	$	76,114	$	-		$	764,874
Operating income (loss)	$	46,636	$	61,102	$	16,816	$	(22,125	)	$	102,429
Interest expense		-		-		-		12,354			12,354
Earnings (loss) before income taxes	$	46,636	$	61,102	$	16,816	$	(34,479	)	$	90,075

Product Lines

Product Lines

(In thousands)	Flavors & Extracts			Color			Asia Pacific		Consolidated
Three months ended June 30, 2024:
Flavors, Extracts & Flavor Ingredients	$	134,749		$	-		$	-	$	134,749
Natural Ingredients		74,464			-			-		74,464
Food & Pharmaceutical Colors		-			125,327			-		125,327
Personal Care		-			42,373			-		42,373
Asia Pacific		-			-			38,580		38,580
Intersegment Revenue		(7,193	)		(4,775	)		-		(11,968	)
Total revenue from external customers	$	202,020		$	162,925		$	38,580	$	403,525
Three months ended June 30, 2023:
Flavors, Extracts & Flavor Ingredients	$	133,688		$	-		$	-	$	133,688
Natural Ingredients		54,596			-			-		54,596
Food & Pharmaceutical Colors		-			120,165			-		120,165
Personal Care		-			40,298			-		40,298
Asia Pacific		-			-			36,029		36,029
Intersegment Revenue		(6,532	)		(3,931	)		-		(10,463	)
Total revenue from external customers	$	181,752		$	156,532		$	36,029	$	374,313

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Consolidated
Six months ended June 30, 2024:
Flavors, Extracts & Flavor Ingredients	$	259,554		$	-		$	-		$	259,554
Natural Ingredients		142,751			-			-			142,751
Food & Pharmaceutical Colors		-			242,385			-			242,385
Personal Care		-			85,340			-			85,340
Asia Pacific		-			-			78,886			78,886
Intersegment Revenue		(12,263	)		(8,436	)		(22	)		(20,721	)
Total revenue from external customers	$	390,042		$	319,289		$	78,864		$	788,195
Six months ended June 30, 2023:
Flavors, Extracts & Flavor Ingredients	$	258,513		$	-		$	-		$	258,513
Natural Ingredients		108,623			-			-			108,623
Food & Pharmaceutical Colors		-			238,912			-			238,912
Personal Care		-			82,712			-			82,712
Asia Pacific		-			-			76,114			76,114
Intersegment Revenue		(13,412	)		(8,143	)		-			(21,555	)
Total revenue from external customers	$	353,724		$	313,481		$	76,114		$	743,319

Geographical Markets

Geographic Markets

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Consolidated
Three months ended June 30, 2024:
North America	$	156,650	$	82,535	$	82	$	239,267
Europe		32,064		45,825		60		77,949
Asia Pacific		5,103		15,648		37,017		57,768
Other		8,203		18,917		1,421		28,541
Total revenue from external customers	$	202,020	$	162,925	$	38,580	$	403,525
Three months ended June 30, 2023:
North America	$	137,135	$	77,554	$	62	$	214,751
Europe		31,867		44,397		24		76,288
Asia Pacific		6,290		16,308		35,394		57,992
Other		6,460		18,273		549		25,282
Total revenue from external customers	$	181,752	$	156,532	$	36,029	$	374,313

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Consolidated
Six months ended June 30, 2024:
North America	$	303,602	$	157,655	$	82	$	461,339
Europe		64,221		91,987		106		156,314
Asia Pacific		8,809		33,067		75,702		117,578
Other		13,410		36,580		2,974		52,964
Total revenue from external customers	$	390,042	$	319,289	$	78,864	$	788,195
Six months ended June 30, 2023:
North America	$	269,103	$	155,931	$	124	$	425,158
Europe		60,794		87,649		127		148,570
Asia Pacific		11,491		34,457		74,589		120,537
Other		12,336		35,444		1,274		49,054
Total revenue from external customers	$	353,724	$	313,481	$	76,114	$	743,319