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Segment and Related Information (Tables)
 6 Months Ended
Jun. 29, 2025
Segment and Related Information [Abstract]  
Segment Information

Segment revenues, expenses, operating income and a reconciliation of the operating segment totals to the applicable line items on the Condensed Consolidated Financial Statements is as follows for the three and six-month periods ended June 29, 2025 and June 30, 2024 is as follows:

 
Three Months Ended
 
Jun. 29, 2025
  
Jun. 30, 2024
(millions of dollars)
Consumer &
Specialties
  
Engineered
Solutions
  
Total
  
Consumer &
Specialties
  
Engineered
Solutions
  
Total
Net Sales
$
277.7
  
$
251.2
  
$
528.9
  
$
284.3
  
$
256.9
  
$
541.2
Cost of goods sold
  
218.1
    
173.9
    
392.0
    
219.6
    
177.7
    
397.3
Segment production margin
  
59.6
    
77.3
    
136.9
    
64.7
    
79.2
    
143.9
                                   
Marketing and administrative expenses
  
19.1
    
31.1
    
50.2
    
17.6
    
31.9
    
49.5
Research and development expenses
  
3.2
    
2.5
    
5.7
    
3.2
    
2.6
    
5.8
Restructuring and other items
  
3.3
    
2.5
    
5.8
    
—
    
—
    
—
Gain on sale of assets, net
  
—
    
(5.6)
    
(5.6)
    
—
    
—
    
—
Segment income from operations
$
34.0
  
$
46.8
  
$
80.8
  
$
43.9
  
$
44.7
  
$
88.6

 
Six Months Ended
 
Jun. 29, 2025
  
Jun. 30, 2024
(millions of dollars)
Consumer &
Specialties
  
Engineered
Solutions
  
Total
  
Consumer &
Specialties
  
Engineered
Solutions
  
Total
Net Sales
$
546.0
  
$
474.7
  
$
1,020.7
  
$
581.2
  
$
494.5
  
$
1,075.7
Cost of goods sold
  
433.8
    
330.4
    
764.2
    
452.9
    
343.0
    
795.9
Segment production margin
  
112.2
    
144.3
    
256.5
    
128.3
    
151.5
    
279.8
                                   
Marketing and administrative expenses
  
38.3
    
61.3
    
99.6
    
36.2
    
63.1
    
99.3
Research and development expenses
  
6.6
    
4.9
    
11.5
    
6.2
    
5.2
    
11.4
Restructuring and other items
  
5.8
    
3.3
    
9.1
    
—
    
—
    
—
Gain on sale of assets, net
  
—
    
(5.6)
    
(5.6)
    
—
    
—
    
—
Segment income from operations
$
61.5
  
$
80.4
  
$
141.9
  
$
85.9
  
$
83.2
  
$
169.1

Segment information is as follows for the three and six-month periods ended June 29, 2025 and June 30, 2024:

 
Three Months Ended
    
Six Months Ended
  
(in millions of dollars)
  
Jun. 29,
2025
    
Jun. 30,
2024
    
Jun. 29,
2025
    
Jun. 30,
2024
  
Depreciation, Depletion and Amortization
                        
Consumer & Specialties
  
$
10.1
    
$
12.2
    
$
20.9
    
$
23.6
  
Engineered Solutions
    
11.9
      
11.8
      
24.6
      
23.9
  
       Total
    
22.0
      
24.0
      
45.5
      
47.5
  
                                 
                                 
Capital Expenditures
                                
Consumer & Specialties
  
$
18.9
    
$
12.7
    
$
30.4
    
$
19.2
  
Engineered Solutions
    
8.5
      
6.6
      
14.3
      
15.7
  
Corporate
    
1.7
      
0.9
      
2.7
      
1.8
  
       Total
  
$
29.1
    
$
20.2
    
$
47.4
    
$
36.7
  
Reconciliation of Segment Income to Consolidated
 
Three Months Ended
    
Six Months Ended
  
(in millions of dollars)
  
Jun. 29,
2025
    
Jun. 30,
2024
    
Jun. 29,
2025
    
Jun. 30,
2024
  
Segment income from operations
  
$
80.8
    
$
88.6
    
$
141.9
    
$
169.1
  
Interest expense, net
    
(13.6
)
    
(14.9
)
    
(27.8
)
    
(29.8
)
Other non-operating deductions, net
    
(1.9
)
    
(1.1
)
    
(3.9
)
    
(1.3
)
Unallocated expenses:
                                
    Provision for litigation reserve and credit losses
    
—
      
30.0
      
215.0
      
30.0
  
    Restructuring and other items
    
—
      
—
      
2.2
      
—
  
    Litigation expenses
    
4.2
      
4.2
      
7.0
      
6.3
  
    Unallocated corporate expenses
    
2.0
      
3.8
      
3.2
      
7.0
  
   Income (loss) before taxes and equity in earnings
  
$
59.1
    
$
34.6
    
$
(117.2
)
  
$
94.7
  
Reconciliation of Segment Assets to Consolidated

The Company's segment assets as of June 29, 2025 and December 31, 2024 are as follows:

(in millions of dollars)
Jun. 29,
  
Dec. 31,
Segment Assets
2025
  
2024
Consumer & Specialties
$
1,319.4
  
$
1,289.4
Engineered Solutions
  
2,069.6
    
2,028.0
Corporate
  
65.8
    
76.5
   Total
$
3,454.8
  
$
3,393.9
Sales by Product Category

The Company’s sales by product category are as follows:

 
Three Months Ended
    
Six Months Ended
  
(in millions of dollars)
  
Jun. 29,
2025
    
Jun. 30,
2024
    
Jun. 29,
2025
    
Jun. 30,
2024
  
Household & Personal Care
  
$
127.4
    
$
126.8
    
$
250.5
    
$
265.2
  
Specialty Additives
    
150.3
      
157.5
      
295.5
      
316.0
  
High-Temperature Technologies
    
178.4
      
184.7
      
347.8
      
362.0
  
Environmental & Infrastructure
    
72.8
      
72.2
      
126.9
      
132.5
  
Total
  
$
528.9
    
$
541.2
    
$
1,020.7
    
$
1,075.7