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 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced an increase of its regular quarterly dividend to $0.10 per share on the Company's common stock. This is an increase of $0.05 per share compared to the prior quarterly dividend. The dividend is payable on December 7, 2023, to stockholders of record at the close of business on November 1, 2023.

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

NEW YORK, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its third quarter ended October 1, 2023, on Thursday, October 26, 2023, after the market close. The Company will host a conference call on Friday, October 27, 2023, at 11:00 a.m. Eastern Time to discuss these results.

Minerals Technologies Announces Third Quarter 2023 Conference Call

NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or the “Company”) today announced that its subsidiaries, Barretts Minerals Inc. (“BMI”) and Barretts Ventures Texas LLC (together, “the Debtors”), filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) to address and comprehensively resolve BMI's liabilities associated with talc.

Barretts Minerals Inc. and Barretts Ventures Texas LLC File for Chapter 11 Protection

NEW YORK, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI,” or “the Company”) today announced that Chairman and Chief Executive Officer Douglas T. Dietrich, Chief Financial Officer Erik Aldag, and Vice President of Investor Relations Lydia Kopylova will attend the Jefferies Industrials Conference in New York City on September 7, 2023.

Minerals Technologies to Present at the Jefferies Industrials Conference on September 7, 2023

Minerals Technologies Inc. (MTX) Q2 2023 Earnings Call Transcript

Minerals Technologies (MTX) came out with quarterly earnings of $1.31 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.50 per share a year ago.

Minerals Technologies (MTX) Q2 Earnings Beat Estimates

Highlights: Operating Margin of 9%, or 12.8% Excluding Special Items, Up 120 bps Sequentially Cash Flow from Operations: $79 Million Year-To-Date, More Than Double Prior Year Initiated $10 Million Cost Savings Program Announced Plan to Exit Talc Business Signed Agreement in Brazil to Deploy NewYield® LO Technology Published 15th Annual Corporate Responsibility and Sustainability Report NEW YORK, July 27, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today reported diluted earnings per share of $1.31 excluding special items for the second quarter ended July 3, 2023. Reported earnings per share were $0.82.

Minerals Technologies Reports Second Quarter 2023 Earnings Per Share of $0.82, or $1.31 Excluding Special Items

NEW YORK, July 25, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced that it has entered into an agreement with a leading global paper company to upgrade one of the Company's existing precipitated calcium carbonate (PCC) plants in the Brazil by integrating MTI's NewYield® LO PCC technology.

Minerals Technologies signs NewYield® technology upgrade agreement in Brazil

Highlights: Exceeded Four out of Six 2025 Environmental Targets Significant Progress on Emission, Waste, and Water Reduction Projects Broadened ESG Disclosures: Stronger Alignment to GRI, SASB and TCFD NEW YORK, July 24, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) has published its 15th annual Corporate Responsibility and Sustainability Report, which highlights the significant progress the Company continues to make 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 Publishes 2022 Corporate Responsibility and Sustainability Report

Minerals Technologies (MTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Minerals Technologies (MTX) Q2 Earnings Expected to Decline

NEW YORK, July 10, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its second quarter ended July 2, 2023, on Thursday, July 27, 2023, after the market close. The Company will host a conference call on Friday, July 28, 2023, at 11:00 a.m. Eastern Time to discuss these results.

Minerals Technologies Announces Second Quarter 2023 Conference Call

Minerals Technologies (MTX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Minerals Technologies (MTX) Upgraded to Buy: What Does It Mean for the Stock?

NEW YORK, June 26, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced that its subsidiary, Barretts Minerals Inc. (“BMI”), will exit the talc business. This decision comes at the conclusion of a strategic review of the BMI business, including a thorough evaluation of its fit with the Company's long-term priorities amidst the backdrop of a talc-related litigation environment. In 2022, BMI's talc net sales were approximately $57 million and represented 2.7 percent of the Company's consolidated revenue.

Minerals Technologies Inc. Announces Plan to Exit Talc Business

NEW YORK, May 23, 2023 (GLOBE NEWSWIRE) --  Minerals Technologies Inc. (NYSE: MTX), a leading technology-driven specialty minerals company will host an Investor Day on Wednesday, May 24th at 9:00 a.m. ET at the New York Stock Exchange. The webcast portion of this event will conclude at 12:30 p.m. ET.

Minerals Technologies to Host Analyst and Investor Day on May 24, 2023

Minerals Technologies Inc. (NYSE:MTX ) Q1 2023 Earnings Conference Call April 28, 2023 11:00 AM ET Company Participants Lydia Kopylova - Head of Investor Relations Doug Dietrich - Chairman and Chief Executive Officer Erik Aldag - Chief Financial Officer D.J. Monagle - Group President, Specialty Minerals and Household and Personal Care Conference Call Participants Daniel Moore - CJS Securities David Silver - C.L.

Minerals Technologies Inc. (MTX) Q1 2023 Earnings Call Transcript

Minerals Technologies (MTX) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.36 per share a year ago.

Minerals Technologies (MTX) Surpasses Q1 Earnings and Revenue Estimates

Highlights: Record First Quarter Sales of $546 Million, 5 Percent Above Prior Year Operating Income of $63 Million, Increased 43 Percent Sequentially Cash Flow from Operations Improved by $33 Million from Prior Year Reorganization and New Segmentation Implemented Announced Three Long-term PCC Supply Agreements in Asia NEW YORK, April 27, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today reported earnings per share of $1.14 for the first quarter ended April 2, 2023. “Our performance in the first quarter is a result of the diligent and focused execution on margin recovery, improved cash flows and growth,” said Douglas T.

Minerals Technologies Reports First Quarter 2023 Earnings of $1.14 Per Share

NEW YORK, April 18, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced that it has entered into three long-term precipitated calcium carbonate (PCC) supply agreements that will further expand the Company's Specialty Additives product line in China and India.

Minerals Technologies Further Expands in China and India Paper Markets

NEW YORK, April 12, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its fourth quarter ended April 2, 2023, on Thursday, April 27, 2023, after the market close. The Company will host a conference call on Friday, April 28, 2023, at 11:00 a.m. Eastern Time to discuss these results.

Minerals Technologies Announces First Quarter 2023 Conference Call

Net sales are stabilizing after a boost in 2022. Profit margins are temporarily depressed as a result of inflationary pressures.

Minerals Technologies Is Prepared To Navigate Current Headwinds

Minerals Technologies Inc. (NYSE:MTX ) Q4 2022 Earnings Conference Call February 3, 2023 11:00 AM ET Company Participants Lydia Kopylova - Head of Investor Relations Doug Dietrich - Chairman & Chief Executive Officer Erik Aldag - Chief Financial Officer D.J. Monagle - Group President, Specialty Minerals and Household and Personal Care Brett Argirakis - Group President, Performance Materials and Refractories Conference Call Participants Daniel Moore - CJS Securities Mike Harrison - Seaport Research Partners Steve Ferazani - Sidoti David Silver - CL King Operator Good day, everyone, and welcome to the Fourth Quarter 2022 Minerals Technologies Earnings Call.

Minerals Technologies Inc. (MTX) Q4 2022 Earnings Call Transcript

The specialty minerals company's results came up short.

Why Minerals Technologies Stock Is Tumbling Today

Minerals Technologies (MTX) delivered earnings and revenue surprises of -43.70% and 1.34%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Minerals Technologies (MTX) Q4 Earnings and Revenues Lag Estimates

---------- Company Reports Full Year 2022 Earnings of $3.73 Per Share, or $4.88 Per Share, Excluding Special Items ---------- Company Announces Reorganization and New Segmentation for 2023 ---------- Fourth Quarter Highlights:

Minerals Technologies Reports Fourth Quarter 2022 Earnings of $0.62 Per Share, or $0.67 Per Share, Excluding Special Items

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