Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

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 June 30,						Six Months Ended June 30,
	2021			2020			2021			2020
(Dollars in millions)
Revenues from external customers:
Railroad and Utility Products and Services	$	195.5		$	209.9		$	387.4		$	399.9
Performance Chemicals		145.6			137.1			269.2			248.5
Carbon Materials and Chemicals^(a)		99.9			89.6			191.9			190.1
Total	$	441.0		$	436.6		$	848.5		$	838.5
Intersegment revenues:
Performance Chemicals	$	3.8		$	3.7		$	7.3		$	6.9
Carbon Materials and Chemicals		18.5			21.4			36.3			39.4
Total	$	22.3		$	25.1		$	43.6		$	46.3
Depreciation and amortization expense:
Railroad and Utility Products and Services	$	5.3		$	5.0		$	11.6		$	9.9
Performance Chemicals		4.7			4.4			9.5			8.9
Carbon Materials and Chemicals^(b)		3.9			3.9			8.9			8.0
Total	$	13.9		$	13.3		$	30.0		$	26.8
Operating profit (loss):
Railroad and Utility Products and Services	$	4.3		$	16.2		$	13.0		$	25.4
Performance Chemicals		28.7			32.6			53.5			36.7
Carbon Materials and Chemicals^(c)		13.4			1.5			24.2			2.2
Corporate		(2.1	)		(0.6	)		(2.5	)		(1.0	)
Total	$	44.3		$	49.7		$	88.2		$	63.3

(a)

Revenue excludes KJCC revenue of $12.9 million and $22.8 million for the three and six months ended June 30, 2020, respectively.

(b)

Depreciation and amortization expense excludes KJCC expenses of $(0.4) million and $0.5 million for the three and six months ended June 30, 2020, respectively.

(c)

Operating profit (loss) excludes KJCC amounts of $(0.2) million and $(5.3) million for the three and six months ended June 30, 2020, 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 June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
(Dollars in millions)
Railroad and Utility Products and Services:
Railroad treated products	$	111.8	$	125.0	$	220.8	$	237.0
Utility poles		63.7		66.0		126.4		127.8
Railroad infrastructure services		7.6		8.2		16.5		14.1
Rail joints		6.7		6.0		12.2		12.5
Other products		5.7		4.7		11.5		8.5
Total		195.5		209.9		387.4		399.9
Performance Chemicals:
Wood preservative products		137.5		130.3		254.8		237.9
Other products		8.1		6.8		14.4		10.6
Total		145.6		137.1		269.2		248.5
Carbon Materials and Chemicals:
Pitch and related products		56.1		58.3		107.3		108.5
Phthalic anhydride and other chemicals		15.9		11.6		32.4		35.2
Creosote and distillates		16.6		8.4		29.6		23.6
Naphthalene		4.8		3.9		9.4		8.9
Other products		6.5		7.4		13.2		13.9
Total		99.9		89.6		191.9		190.1
Total	$	441.0	$	436.6	$	848.5	$	838.5

Summary of Tangible and Intangible Assets by Segments

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

	June 30, 2021		December 31, 2020
(Dollars in millions)
Segment assets:
Railroad and Utility Products and Services	$	590.0	$	583.1
Performance Chemicals		606.1		536.1
Carbon Materials and Chemicals		446.0		424.2
All other		31.9		55.2
Total	$	1,674.0	$	1,598.6
Goodwill:
Railroad and Utility Products and Services	$	121.0	$	121.1
Performance Chemicals		176.3		176.7
Total	$	297.3	$	297.8