Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

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 September 30, 2023:
Revenue from external customers	$	185,029	$	142,026	$	36,774	$	-		$	363,829
Intersegment revenue		5,968		2,913		-		-			8,881
Total revenue	$	190,997	$	144,939	$	36,774	$	-		$	372,710
Operating income (loss)	$	23,078	$	22,925	$	8,095	$	(9,567	)	$	44,531
Interest expense		-		-		-		6,294			6,294
Earnings (loss) before income taxes	$	23,078	$	22,925	$	8,095	$	(15,861	)	$	38,237
Three months ended September 30, 2022:
Revenue from external customers	$	181,397	$	144,570	$	35,109	$	-		$	361,076
Intersegment revenue		5,649		6,899		112		-			12,660
Total revenue	$	187,046	$	151,469	$	35,221	$	-		$	373,736
Operating income (loss)	$	26,337	$	28,200	$	6,952	$	(13,996	)	$	47,493
Interest expense		-		-		-		3,672			3,672
Earnings (loss) before income taxes	$	26,337	$	28,200	$	6,952	$	(17,668	)	$	43,821

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Corporate & Other			Consolidated
Nine months ended September 30, 2023:
Revenue from external customers	$	538,753	$	455,507	$	112,888	$	-		$	1,107,148
Intersegment revenue		19,380		11,056		-		-			30,436
Total revenue	$	558,133	$	466,563	$	112,888	$	-		$	1,137,584
Operating income (loss)	$	69,714	$	84,027	$	24,911	$	(31,692	)	$	146,960
Interest expense		-		-		-		18,648			18,648
Earnings (loss) before income taxes	$	69,714	$	84,027	$	24,911	$	(50,340	)	$	128,312
Nine months ended September 30, 2022:
Revenue from external customers	$	539,014	$	440,568	$	108,721	$	-		$	1,088,303
Intersegment revenue		20,096		15,607		293		-			35,996
Total revenue	$	559,110	$	456,175	$	109,014	$	-		$	1,124,299
Operating income (loss)	$	83,929	$	90,035	$	22,877	$	(41,315	)	$	155,526
Interest expense		-		-		-		9,748			9,748
Earnings (loss) before income taxes	$	83,929	$	90,035	$	22,877	$	(51,063	)	$	145,778

Product Lines

Product Lines

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Consolidated
Three months ended September 30, 2023:
Flavors, Extracts & Flavor Ingredients	$	124,697		$	-		$	-		$	124,697
Natural Ingredients		66,300			-			-			66,300
Food & Pharmaceutical Colors		-			107,723			-			107,723
Personal Care		-			37,216			-			37,216
Asia Pacific		-			-			36,774			36,774
Intersegment Revenue		(5,968	)		(2,913	)		-			(8,881	)
Total revenue from external customers	$	185,029		$	142,026		$	36,774		$	363,829
Three months ended September 30, 2022:
Flavors, Extracts & Flavor Ingredients	$	123,945		$	-		$	-		$	123,945
Natural Ingredients		63,101			-			-			63,101
Food & Pharmaceutical Colors		-			111,194			-			111,194
Personal Care		-			39,689			-			39,689
Inks		-			586			-			586
Asia Pacific		-			-			35,221			35,221
Intersegment Revenue		(5,649	)		(6,899	)		(112	)		(12,660	)
Total revenue from external customers	$	181,397		$	144,570		$	35,109		$	361,076

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Consolidated
Nine months ended September 30, 2023:
Flavors, Extracts & Flavor Ingredients	$	383,210		$	-		$	-		$	383,210
Natural Ingredients		174,923			-			-			174,923
Food & Pharmaceutical Colors		-			346,635			-			346,635
Personal Care		-			119,928			-			119,928
Asia Pacific		-			-			112,888			112,888
Intersegment Revenue		(19,380	)		(11,056	)		-			(30,436	)
Total revenue from external customers	$	538,753		$	455,507		$	112,888		$	1,107,148
Nine months ended September 30, 2022:
Flavors, Extracts & Flavor Ingredients	$	381,041		$	-		$	-		$	381,041
Natural Ingredients		178,069			-			-			178,069
Food & Pharmaceutical Colors		-			328,087			-			328,087
Personal Care		-			126,651			-			126,651
Inks		-			1,437			-			1,437
Asia Pacific		-			-			109,014			109,014
Intersegment Revenue		(20,096	)		(15,607	)		(293	)		(35,996	)
Total revenue from external customers	$	539,014		$	440,568		$	108,721		$	1,088,303

Geographical Markets

Geographic Markets

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Consolidated
Three months ended September 30, 2023:
North America	$	147,992	$	75,417	$	-	$	223,409
Europe		25,298		36,816		57		62,171
Asia Pacific		4,881		13,344		35,791		54,016
Other		6,858		16,449		926		24,233
Total revenue from external customers	$	185,029	$	142,026	$	36,774	$	363,829
Three months ended September 30, 2022:
North America	$	142,097	$	74,220	$	27	$	216,344
Europe		26,795		34,591		44		61,430
Asia Pacific		7,091		16,770		34,433		58,294
Other		5,414		18,989		605		25,008
Total revenue from external customers	$	181,397	$	144,570	$	35,109	$	361,076

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Consolidated
Nine months ended September 30, 2023:
North America	$	417,095	$	231,348	$	124	$	648,567
Europe		86,092		124,465		184		210,741
Asia Pacific		16,372		47,801		110,380		174,553
Other		19,194		51,893		2,200		73,287
Total revenue from external customers	$	538,753	$	455,507	$	112,888	$	1,107,148
Nine months ended September 30, 2022:
North America	$	407,684	$	223,508	$	87	$	631,279
Europe		90,565		116,184		175		206,924
Asia Pacific		23,628		49,199		105,222		178,049
Other		17,137		51,677		3,237		72,051
Total revenue from external customers	$	539,014	$	440,568	$	108,721	$	1,088,303