Trecora Resources's Business Segments
Trecora Resources's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Revenue Share by Reportable Segment - Q1 FY2022
- Petrochemical84.8%
- Specialty Wax15.2%
Revenue by Reportable Segment - Q1 FY2022
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Petrochemical | $ 71 | 84.8% |
| Specialty Wax | $ 13 | 15.2% |
Revenue by Product & Service Category - Q1 FY2022
- Product95%
- Product Sales12%
- Service5%
- Processing Fees3.2%
Revenue by Product & Service Category - Q1 FY2022
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Product | $ 79 | 95% |
| Product Sales | $ 10 | 12% |
| Service | $ 4 | 5% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of Trecora Resources
This document includes the following abbreviations:
TREC – Trecora Resources
TOCCO – Texas Oil & Chemical Co. II, Inc. – Wholly owned subsidiary
of TREC and parent of SHR and TC
SHR – South Hampton Resources, Inc. – Petrochemical segment and
parent of GSPL
GSPL – Gulf State Pipe Line Co, Inc. – Pipeline support for the
petrochemical segment
TC – Trecora Chemical, Inc. – Specialty wax segment
AMAK – Al Masane Al Kobra Mining Company – Mining equity investment
– 33% ownership
PEVM – Pioche Ely Valley Mines, Inc. – Inactive mine - 55% ownership
Acquisition – October 1, 2014, purchase of TC
Segments
1. Specialty Chemicals: Trecora produces a range of specialty chemicals that serve various industries. These chemicals are typically used in manufacturing processes, and the company focuses on delivering high-quality, precise formulations to meet specific customer needs.
2. Custom Manufacturing Services: In addition to its standard product offerings, Trecora provides custom manufacturing solutions. This involves tailored chemical processes designed to meet unique specifications for clients across diverse industries, including pharmaceuticals, agriculture, and consumer products.
3. Paraffin and Wax Products: Trecora is also known for its production of paraffin waxes and other related products. These materials are used in a variety of applications, including packaging, coatings, and candles, among others.
4. Performance Products: This segment focuses on specialty materials that enhance the performance characteristics of end products. These can include additives and modifiers used in polymer formulations, paints, and coatings to improve properties such as flexibility, durability, and thermal stability.
Products
1. Paraffin Waxes: Trecora manufactures several grades of paraffin waxes, which are essential in numerous applications ranging from candle making to industrial coatings. They are characterized by their purity, melting point variations, and ability to blend with other materials effectively.
2. Microcrystalline Waxes: These are high-viscosity waxes utilized in applications that require stronger adhesion or oil resistance. They are often used in personal care products, cosmetics, and as additives in various formulations.
3. Polyethylene Wax: Trecora produces polyethylene wax, which is widely used in coatings, inks, and plastics. It serves as an excellent slip and anti-blocking agent and is versatile in various engineering applications.
4. Paraffin Blends: Custom blends of paraffin and microcrystalline waxes are available, allowing clients to achieve specific performance characteristics tailored to their application needs.
5. Chemical Additives: This includes a range of performance additives designed to enhance the physical properties of products. These additives may be used in the formulation of paints, coatings, and elastomers.
Services
1. Custom Chemical Development: Clients can collaborate with Trecoras experienced team to develop customized chemical solutions. This service begins with understanding client requirements and applications and progresses through formulation, testing, and production.
2. Technical Support and Consultation: Trecora provides technical expertise and support to help customers navigate challenges in chemical formulation, ensuring optimal use of the companys products in various applications.
3. Regulatory Compliance Assistance: Given the complexities of the chemical industry, Trecora offers guidance to help clients comply with regulatory standards and safety requirements pertaining to manufacturing and usage.
4. Logistics and Supply Chain Management: Trecora takes an active role in managing logistics to ensure timely delivery of products. This includes maintaining inventory, managing shipping logistics, and ensuring a reliable supply chain for clients.
Conclusion
Overall, Trecora Resources operates within a specialized niche of the chemical industry, providing a range of products and services that cater to diverse industrial needs. Through its focus on custom solutions, quality products, and expert support, the company continues to position itself as a crucial partner for businesses requiring specialty chemicals and materials.
