Minerals Technologies

Minerals Technologies, Inc. is a resource and technology-based company. It develops, produces, and markets a range of mineral, mineral-based, and synthetic mineral products. It operates through the following four segments: Performance Materials, Specialty Minerals, Refractories and Energy Services. The Performance Materials segment supplies bentonite and bentonite-related products, chromite and leonardite. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate and processed mineral product quicklime, and mines mineral ores then processes and sells natural mineral products, primarily limestone and talc. The Refractories segment produces monolithic and shaped refractory materials and products, and also provides services and sells application and measurement equipment, and calcium metal and metallurgical wire products. The Energy Services segment provides services to improve the production, costs, compliance, and environmental impact of activities performed in oil & gas industry. The company was founded on February 19, 1968 and is headquartered in New York, NY.

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Earnings data Q4 2024

Minerals Technologies (MTX) overcomes challenges, eyes growth in 2023

Minerals Technologies (MTX) faced challenges but showed resilience and growth in Q4 2022, with a strong outlook for Q1 2023.
The company's reorganization, pricing actions, and focus on new segments position it well for future opportunities.
Despite short-term challenges, MTX remains focused on recapturing margins, sustaining growth, and enhancing operational efficiency.
Overall, MTX's performance in 2022 was strong, with a positive trajectory expected for 2023.

Minerals Technologies (MTX) reports record Q1 performance and outlines growth strategies

Minerals Technologies (MTX) delivered a strong Q1 performance with record sales growth and margin expansion. Despite concerns about cost inflation, the company is focused on offsetting challenges and maximizing opportunities for growth and profitability.

Minerals Technologies (MTX) reports strong Q2 performance and strategic growth opportunities

Minerals Technologies (MTX) delivered a solid Q2 performance with sales growth and margin improvement initiatives driving positive financial results.
Despite challenges such as talc business divestiture plans and pricing dynamics, the company remains focused on debt repayment and achieving strong free cash flow guidance.
Opportunities in China market growth, cost-saving projects like NewYield, and potential acquisitions position MTX for continued success and financial strength in the future.

Minerals Technologies (MTX) reports record Q3 performance and growth opportunities

Minerals Technologies (MTX) delivered a strong Q3 performance with record sales and operating income, despite challenges from Barretts Minerals' Chapter 11 filing.
The company's focus on revenue stability, margin expansion, and new product development positions it well for future growth.
Analyst inquiries highlighted key areas of interest such as pricing strategies, margin targets, and potential acquisitions.
MTX's emphasis on operational excellence, sustainability, and employee engagement underpins its optimistic outlook for continued growth.

Minerals Technologies (MTX) achieves record Q4 performance and eyes sustainable growth

Minerals Technologies (MTX) reported a robust Q4 2023 performance with record sales and profitability metrics, driven by strong sales growth in key segments.
The company's focus on innovation, margin expansion, and cash flow generation for 2024 underscores a strategic approach to sustainable growth and operational excellence.
While facing challenges in managing inflation and balancing growth objectives, MTX is well-positioned to capitalize on opportunities in refractories, environmental solutions, and new product revenue streams.

Minerals Technologies (MTX) achieves record sales and income growth

Minerals Technologies (MTX) delivered a strong performance in Q1 2024, focusing on operational excellence and margin improvement. Despite challenges in certain segments, the company remains optimistic about market conditions and growth initiatives.

Minerals Technologies (MTX) reports record Q2 earnings and growth opportunities

Minerals Technologies (MTX) delivered strong financial performance in Q2 2024, with record operating income and earnings growth.
While facing challenges in certain segments, MTX's strategic focus on higher-margin products and operational excellence is driving progress.
With positive end market trends and strong cash flow, MTX is well-positioned to capitalize on growth opportunities and navigate market conditions.

Minerals Technologies (MTX) reports record Q3 earnings amidst market challenges

Minerals Technologies (MTX) delivered a record quarter with strong financial performance, driven by growth in consumer-based businesses and operational excellence.
While facing challenges in the industrial market, MTX showcased resilience and strategic focus on sustainable growth and innovation.
The company's capital allocation strategy, progress in growth strategies, and focus on cost efficiencies position MTX well for future opportunities and value creation.

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Minerals Technologies, Inc. is a resource and technology-based company. It develops, produces, and markets a range of mineral, mineral-based, and synthetic mineral products. It operates through the Consumer and Specialties and Engineered Solutions segments. The Consumer and Specialties segment serves consumer end markets directly and provides mineral-based solutions and technologies that are essential to customers’ products. The Engineered Solutions segment combines all engineered systems, mineral blends, and technologies that are designed to aid in customer processes and projects. The company was founded on February 19, 1968 and is headquartered in New York, NY.

NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (MTI), a global specialty minerals company, today announced the closing of a new seven-year $575 million senior secured Term Loan B (TLB) along with the increase of its Revolving Credit Facility (Revolver) from $300 million of capacity due 2027 to $400 million due 2029.

Minerals Technologies Announces Successful Debt Refinancing

Minerals Technologies Inc. (NYSE:MTX ) Q3 2024 Earnings Conference Call October 25, 2024 11:00 AM ET Company Participants Lydia Kopylova - Head, Investor Relations Doug Dietrich - Chairman and Chief Executive Officer Erik Aldag - Chief Financial Officer Brett Argirakis - President, Engineered Solutions D.J. Monagle - President, Consumer & Specialties Conference Call Participants Daniel Moore - CJS Securities Michael Harrison - Seaport Research Partners Steve Ferazani - Sidoti David Silver - C.L.

Minerals Technologies Inc. (MTX) Q3 2024 Earnings Call Transcript

Minerals Technologies (MTX) came out with quarterly earnings of $1.51 per share, missing the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.49 per share a year ago.

Minerals Technologies (MTX) Lags Q3 Earnings and Revenue Estimates

Record Third Quarter Operating Income and Earnings Per Share Excluding Special Items Strong Operating Margin and Cash Flow Announced New $200 Million Share Repurchase Program and Completed Previous $75 Million Program Increased Dividend by 10% NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today reported earnings per share for the third quarter ended September 29, 2024 of $1.45 or $1.51 excluding special items, a third quarter record for MTI. “We delivered a record third quarter and are on track for another record year.

Minerals Technologies Inc. Announces 2024 Third Quarter Financial Results

NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (MTI), a global specialty minerals company, has expanded its partnership with AIM Intelligent Machines Inc. (AIM), a technology company specializing in AI-enabled safety, productivity, and analytics for mining equipment.

Minerals Technologies Announces Deployment of Artificial Intelligence Technology for Mining

NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced a 10% increase of its regular quarterly dividend on the Company's common stock to $0.11 per share. The dividend is payable on December 5, 2024, to stockholders of record at the close of business on October 31, 2024.

Minerals Technologies Announces Increase in Quarterly Dividend and New Share Repurchase Program

NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its third quarter ended September 27, 2024, on Thursday, October 24, 2024, after the market close. The Company will host a conference call on Friday, October 25, 2024, at 11:00 a.m. Eastern Time to discuss these results.

Minerals Technologies Announces Third Quarter 2024 Conference Call

NEW YORK, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (MTI) (NYSE: MTX) hosted an Innovation Day for investors and analysts on September 24 at its R&D Center located in Hoffman Estates, Illinois, which is home to the company's world-class analytics and bentonite-based application laboratory.

Minerals Technologies Hosts Innovation Day

NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) announced participation in Gabelli Funds PFAS Symposium in New York City on Thursday, September 26, 2024. Minerals Technologies (MTI) leaders Barry Shadrix, Global Director of Water and Remediation, Michael Donovan, Director of Research & Development, and Michael Kozak Business Unit President, are scheduled to present at 11:45am ET at The Harvard Club.

Minerals Technologies Announces Participation in Gabelli Funds 2nd Annual PFAS Symposium

NEW YORK, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies (NYSE: MTX) announced today the introduction of SIVO™ as the brand name for its rapidly growing global pet care business. Strategic acquisitions and innovative product development have positioned SIVO™ as the leading global supplier of cat litter to both private label partners and globally recognized brands.

Minerals Technologies Inc. Introduces SIVO™ as New Brand Name for Growing Global Pet Care Business

NEW YORK, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) announced participation in the following investor conferences:

Minerals Technologies Announces Participation in Upcoming Investor Conferences

NEW YORK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) announced participation in the Seaport Research Partners Annual Summer Investor Conference on August 20th, 2024. Douglas T. Dietrich, Chairman and Chief Executive Officer, and Erik Aldag, SVP Finance and Treasury, Chief Financial Officer, will be hosting a virtual fireside chat at 1:15 PM ET and will be available for one-on-one meetings with investors throughout the day.

Minerals Technologies Announces Participation in Seaport Research Partners Annual Summer Investor Conference

Minerals Technologies Inc. (NYSE:MTX ) Q2 2024 Earnings Conference Call July 26, 2024 11:00 AM ET Company Participants Lydia Kopylova - Head, IR Doug Dietrich - Chairman and CEO Erik Aldag - CFO D.J. Monagle - President, Consumer & Specialties Brett Argirakis - President, Engineered Solutions Conference Call Participants Daniel Moore - CJS Securities Mike Harrison - Seaport Research Partners Steve Ferazani - Sidoti David Silver - C.L.

Minerals Technologies Inc. (MTX) Q2 2024 Earnings Call Transcript

Minerals Technologies (MTX) came out with quarterly earnings of $1.65 per share, beating the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $1.31 per share a year ago.

Minerals Technologies (MTX) Tops Q2 Earnings Estimates

NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today reported earnings per share for the second quarter ended June 30, 2024 of $0.61 or $1.65 excluding special items, a record for MTI and an increase of 26% over prior year.

Minerals Technologies Inc. Announces 2024 Second Quarter Financial Results

NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) has published its 16th annual Corporate Responsibility and Sustainability Report, which highlights the significant progress the Company made with its environmental, social and governance (ESG) priorities. The new report can be accessed here and features comprehensive information and key examples of how our employees are supporting MTI in its commitment to sustainability.

Minerals Technologies Inc. Releases 2023 Corporate Responsibility and Sustainability Report

NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today declared a regular quarterly dividend of $0.10 per share on the Company's common stock. The dividend is payable on September 06, 2024, to the stockholders of record at the close of business on August 16, 2024.

Minerals Technologies Declares Quarterly Dividend

NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its second quarter ended June 30, 2024, on Thursday, July 25, 2024, after the market close. The Company will host a conference call on Friday, July 26, 2024, at 11:00 a.m. Eastern Time to discuss these results.

Minerals Technologies Announces Second Quarter 2024 Conference Call

Minerals Technologies (MTX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Minerals Technologies Inc. (MTX) Hit a 52 Week High, Can the Run Continue?

NEW YORK, May 22, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) announced participation in the following investor conferences:

Minerals Technologies Announces Participation in Upcoming Investor Conferences

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Is Minerals Technologies (MTX) Stock Outpacing Its Basic Materials Peers This Year?

Does Minerals Technologies (MTX) have what it takes to be a top stock pick for momentum investors? Let's find out.

Minerals Technologies (MTX) is a Great Momentum Stock: Should You Buy?

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Minerals Technologies (MTX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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