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Business Segments (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting, Measurement Disclosures [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table presents information about the performance of the Company’s reportable segments for the three months ended March 31, 2026 and 2025:
AmericasEMEAAsia/PacificTotals
Three Months Ended March 31, 2026
Net sales (1)
$213,728 $142,083 $124,668 $480,479 
Significant segment expenses
Product costs (2)
106,087 73,030 64,411 243,528 
Other segment items (3)
53,694 43,492 25,981 123,167 
Segment operating earnings$53,947 $25,561 $34,276 $113,784 
AmericasEMEAAsia/PacificTotals
Three Months Ended March 31, 2025
Net sales (1)
$213,711 $129,278 $99,925 $442,914 
Significant segment expenses
Product costs (2)
104,505 70,102 53,098 227,705 
Other segment items (3)
50,744 35,783 20,897 107,424 
Segment operating earnings$58,462 $23,393 $25,930 $107,785 
(1) Net sales relate to external customers only. All intersegment sales are eliminated in consolidation.
(2) Product costs include the costs of raw materials and are recorded in Cost of goods sold in the Company’s Condensed Consolidated Statements of Operations.
(3) Other segment items include overhead costs of operating the Company’s production facilities and providing chemical management services to customers and direct SG&A costs.
The following table presents a reconciliation of the Company’s segment operating earnings to income before taxes and equity in net income of associated companies in the Company’s Condensed Consolidated Statements of Operations for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31,
20262025
Segment operating earnings$113,784 $107,785 
Restructuring and related charges, net(7,381)(14,590)
Non-operating and administrative expenses(55,087)(50,717)
Depreciation of corporate assets and amortization(17,727)(14,854)
Operating income 33,589 27,624 
Other expense, net(23)(709)
Interest expense(9,879)(9,545)
Income before taxes and equity in net income of associated companies$23,687 $17,370 
The following table presents information regarding the Company’s reportable segments’ depreciation for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31,
Depreciation20262025
Americas$3,466 $2,655 
EMEA2,408 1,877 
Asia/Pacific2,039 1,213 
Total segment depreciation$7,913 $5,745