Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31, 2024:
Revenue from external customers	$	188,022	$	156,364	$	40,284	$	-		$	384,670
Intersegment revenue		5,070		3,661		22		-			8,753
Total revenue	$	193,092	$	160,025	$	40,306	$	-		$	393,423
Operating income (loss)	$	23,678	$	31,679	$	8,776	$	(14,727	)	$	49,406
Interest expense		-		-		-		7,045			7,045
Earnings (loss) before income taxes	$	23,678	$	31,679	$	8,776	$	(21,772	)	$	42,361
Three months ended March 31, 2023:
Revenue from external customers	$	171,972	$	156,949	$	40,085	$	-		$	369,006
Intersegment revenue		6,880		4,212		-		-			11,092
Total revenue	$	178,852	$	161,161	$	40,085	$	-		$	380,098
Operating income (loss)	$	22,180	$	31,885	$	9,241	$	(12,468	)	$	50,838
Interest expense		-		-		-		6,002			6,002
Earnings (loss) before income taxes	$	22,180	$	31,885	$	9,241	$	(18,470	)	$	44,836

Product Lines

Product Lines

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Consolidated
Three months ended March 31, 2024
Flavors, Extracts & Flavor Ingredients	$	124,805		$	-		$	-		$	124,805
Natural Ingredients		68,287			-			-			68,287
Food & Pharmaceutical Colors		-			117,058			-			117,058
Personal Care		-			42,967			-			42,967
Asia Pacific		-			-			40,306			40,306
Intersegment Revenue		(5,070	)		(3,661	)		(22	)		(8,753	)
Total revenue from external customers	$	188,022		$	156,364		$	40,284		$	384,670
Three months ended March 31, 2023:
Flavors, Extracts & Flavor Ingredients	$	124,825		$	-		$	-		$	124,825
Natural Ingredients		54,027			-			-			54,027
Food & Pharmaceutical Colors		-			118,747			-			118,747
Personal Care		-			42,414			-			42,414
Asia Pacific		-			-			40,085			40,085
Intersegment Revenue		(6,880	)		(4,212	)		-			(11,092	)
Total revenue from external customers	$	171,972		$	156,949		$	40,085		$	369,006

Geographical Markets

Geographic Markets

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Consolidated
Three months ended March 31, 2024:
North America	$	146,952	$	75,120	$	-	$	222,072
Europe		32,157		46,162		46		78,365
Asia Pacific		3,706		17,419		38,685		59,810
Other		5,207		17,663		1,553		24,423
Total revenue from external customers	$	188,022	$	156,364	$	40,284	$	384,670
Three months ended March 31, 2023:
North America	$	131,968	$	78,377	$	62	$	210,407
Europe		28,927		43,252		103		72,282
Asia Pacific		5,201		18,149		39,195		62,545
Other		5,876		17,171		725		23,772
Total revenue from external customers	$	171,972	$	156,949	$	40,085	$	369,006