Segment Information (Tables)

9 Months Ended

Sep. 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 September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
(Dollars in millions)
Revenues from external customers:
Railroad and Utility Products and Services	$	186.9		$	191.0		$	574.3		$	590.9
Performance Chemicals		115.2			147.9			384.4			396.4
Carbon Materials and Chemicals^(a)		122.7			98.6			314.6			288.7
Total	$	424.8		$	437.5		$	1,273.3		$	1,276.0
Intersegment revenues:
Performance Chemicals	$	3.9		$	3.4		$	11.2		$	10.3
Carbon Materials and Chemicals		18.9			20.1			55.2			59.5
Total	$	22.8		$	23.5		$	66.4		$	69.8
Depreciation and amortization expense:
Railroad and Utility Products and Services	$	5.3		$	4.9		$	16.9		$	14.8
Performance Chemicals		4.1			4.3			13.6			13.2
Carbon Materials and Chemicals^(b)		4.0			3.7			12.9			11.7
Total	$	13.4		$	12.9		$	43.4		$	39.7
Operating profit (loss):
Railroad and Utility Products and Services	$	(0.7	)	$	15.0		$	12.3		$	40.4
Performance Chemicals		11.6			30.4			65.1			67.1
Carbon Materials and Chemicals^(c)		14.9			13.7			39.1			15.9
Corporate		(1.2	)		(0.5	)		(3.7	)		(1.5	)
Total	$	24.6		$	58.6		$	112.8		$	121.9

(a)

Revenue excludes KJCC revenue of $8.8 million and $31.6 million for the three and nine months ended September 30, 2020, respectively.

(b)

Depreciation and amortization expense excludes KJCC expenses of $0.1 million and $0.6 million for the three and nine months ended September 30, 2020, respectively.

(c)

Operating profit (loss) excludes KJCC amounts of $0.3 million and $(5.0) million for the three and nine months ended September 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 September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
(Dollars in millions)
Railroad and Utility Products and Services:
Railroad treated products	$	107.1	$	108.4	$	327.6	$	345.5
Utility poles		59.6		63.6		186.2		191.4
Railroad infrastructure services		8.8		9.2		25.3		23.3
Rail joints		5.7		4.5		17.9		16.9
Other products		5.7		5.3		17.3		13.8
Total		186.9		191.0		574.3		590.9
Performance Chemicals:
Wood preservative products		110.1		140.5		366.4		375.7
Other products		5.1		7.4		18.0		20.7
Total		115.2		147.9		384.4		396.4
Carbon Materials and Chemicals:
Pitch and related products		70.4		62.9		177.7		171.4
Phthalic anhydride and other chemicals		19.7		14.5		52.2		49.8
Creosote and distillates		19.0		10.3		48.6		33.8
Naphthalene		6.2		3.8		15.5		12.7
Other products		7.4		7.2		20.6		21.0
Total		122.7		98.6		314.6		288.7
Total	$	424.8	$	437.5	$	1,273.3	$	1,276.0

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:

	September 30, 2021		December 31, 2020
(Dollars in millions)
Segment assets:
Railroad and Utility Products and Services	$	590.9	$	583.1
Performance Chemicals		586.6		536.1
Carbon Materials and Chemicals		445.2		424.2
All other		29.5		55.2
Total	$	1,652.2	$	1,598.6
Goodwill:
Railroad and Utility Products and Services	$	120.8	$	121.1
Performance Chemicals		175.3		176.7
Total	$	296.1	$	297.8