Mary Hall

“Second quarter sales of $390.6 million were down 19% due primarily to our repositioning actions in Performance Chemicals, which included reducing our exposure to certain low-margin end markets in the Industrial Specialties product line and continued weakness in industrial demand, which impacted both Industrial…”

“First quarter sales of $340.1 million were down 13% due primarily to our repositioning actions in Performance Chemicals, which included a plant closure and our exit from certain low-margin end markets.”

“As John mentioned, in 2023, we accelerated the implementation of our strategy to diversify our performance chemical feedstocks and reposition the segment for profitable growth.”

“Sales decreased by 7.5% compared to last year, as all segments faced lower volumes than the previous year's record quarter. The volume decline was partially compensated by an improved product mix within Performance Materials and the inclusion of Ozark sales in Performance Chemicals.”

“Sales were up almost 15% as a result of stronger pricing across all segments and higher volumes in the Performance Materials segment and Pavement Technologies business line, and the addition of Ozark, which we acquired in Q4 of last year.”