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.

Earnings data Q1 2021

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Earnings data Q3 2023

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.

Minerals Technologies (MTX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Minerals Technologies (MTX) Upgraded to Strong Buy: Here's What You Should Know

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Riverspan Partners Acquires Assets and Operations of Barretts Minerals Inc. Riverspan Partners Acquires Assets and Operations of Barretts Minerals Inc.

Minerals Technologies Inc. Announces Completion of Sale of Subsidiary's Talc Business

Minerals Technologies Inc. (NYSE:MTX ) Q1 2024 Earnings Conference Call April 26, 2024 11:00 AM ET Company Participants Lydia Kopylova - Head, Investor Relations Doug Dietrich - Chairman and Chief Executive Officer Erik Aldag - Chief Financial Officer D.J. Monagle - President, Consumer & Specialties Brett Argirakis - President, Engineered Solutions Conference Call Participants Daniel Moore - CJS Securities Mike Harrison - Seaport Research Partners David Silver - C.L.

Minerals Technologies Inc. (MTX) Q1 2024 Earnings Call Transcript

Minerals Technologies (MTX) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.14 per share a year ago.

Minerals Technologies (MTX) Surpasses Q1 Earnings Estimates

First Quarter 2024 Highlights: Record Operating Income of $75 Million, or $77 Million Excluding Special Items, a 23% Increase over Prior Year Strong Operating Margin of 14.1%, or 14.5% Excluding Special Items, a 290 bps Increase over Prior Year Record First Quarter Cash Flow from Operations of $56 Million NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today reported diluted earnings per share of $1.49 for the first quarter ended March 31, 2024, excluding special items. Reported diluted earnings per share were $1.44.

Minerals Technologies Reports Record First Quarter 2024 Earnings Per Share of $1.44, or $1.49 Excluding Special Items

NEW YORK, March 29, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its first quarter ended March 31, 2024, on Thursday, April 25, 2024, after the market close. The Company will host a conference call on Friday, April 26, 2024, at 11:00 a.m. Eastern Time to discuss these results.

Minerals Technologies Announces First Quarter 2024 Conference Call

NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced that Kristina M. Johnson has been elected to its Board of Directors.

Minerals Technologies Announces Election of Kristina M. Johnson to Board of Directors

NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced that its CEO Douglas T. Dietrich will present at the 2024 JP Morgan Industrials Conference focusing on the Company's strategy, financial results, and growth outlook on Thursday, March 14th, at 7:45 a.m. To listen to webcast please use the following link: JP Morgan Conference Webcast_MTX

Minerals Technologies to Present at JP Morgan Industrials Conference

Minerals Technologies Inc. is a leading mineral product and services provider with consistent profit margin expansion and investment in technological advancement. MTX reported strong Q4 results, with revenues and EPS beating estimates. The Household & Personal Care division outperformed, but Specialty Additives saw a decline. MTX is trading at a cheap valuation compared to the industry, with a favorable risk-reward profile and a potential 26% upside in the stock price.

Minerals Technologies: Strong Financials Performance With An Attractive Valuation

Minerals Technologies Inc. (MTX) Q4 2023 Earnings Call Transcript

Minerals Technologies (MTX) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $0.67 per share a year ago.

Minerals Technologies (MTX) Q4 Earnings and Revenues Top Estimates

The Company Reports Full Year 2023 Earnings of $2.58, Or $5.21 Per Share, Excluding Special Items, a Record Year for MTI The Company Reports Full Year 2023 Earnings of $2.58, Or $5.21 Per Share, Excluding Special Items, a Record Year for MTI

Minerals Technologies Reports Fourth Quarter 2023 Earnings Per Share of $1.22, or $1.28 Excluding Special Items, a Record for Current Quarter

NEW YORK, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its fourth quarter ended December 31, 2023, on Thursday, February 1, 2024, after the market close. The Company will host a conference call on Friday, February 2, 2024, at 11:00 a.m. Eastern Time to discuss these results.

Minerals Technologies Announces Fourth Quarter 2023 Conference Call

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Minerals Technologies (MTX) Right Now?

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.

All You Need to Know About Minerals Technologies (MTX) Rating Upgrade to Buy

Should Value Investors Buy Minerals Technologies (MTX) Stock?

Revenues are expected to remain stagnant in 2023 and 2024 after two strong years. Profit margins have significantly expanded thanks to strong pricing actions and easing inflationary pressures, as well as a positive product price mix. Interest expenses are increasing as a consequence of higher interest rates.

Minerals Technologies Is Offering A Good Opportunity To Keep Adding Shares

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Minerals Technologies Inc. (NYSE:MTX ) Q3 2023 Earnings Conference Call October 27, 2023 11:00 AM ET Company Participants Lydia Kopylova - Head of IR Doug Dietrich - Chairman & CEO Erik Aldag - CFO D.J. Monagle - Group President, Specialty Minerals and Household and Personal Care Brett Argirakis - Group President, Engineered Solutions Conference Call Participants Daniel Moore - CJS Securities Mike Harrison - Seaport Research Partners Alex Hantman - Sidoti & Company David Silver - C.L.

Minerals Technologies Inc. (MTX) Q3 2023 Earnings Conference Call Transcript

Although the revenue and EPS for Minerals Technologies (MTX) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Minerals Technologies (MTX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Minerals Technologies (MTX) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.35 per share a year ago.

Minerals Technologies (MTX) Tops Q3 Earnings Estimates

Highlights: Record Third Quarter Revenue of $548M Reported Operating Loss of $8M Associated with Non-cash Impairment of Barretts Minerals Inc. (“BMI”) Record Operating Income of $77M and Operating Margin of 14.1% Excluding Special Items Cash Flow from Operations of $138M Year-To-Date, Double the Previous Year Announced Dividend Increase and New $75M Share Repurchase Program NEW YORK, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today reported diluted earnings per share of $1.49 for the third quarter ended October 1, 2023, excluding $85 million of special items associated with BMI's bankruptcy. Reported loss per share was $0.59.

Minerals Technologies Reports Third Quarter Loss Per Share of $0.59, or Earnings Per Share of $1.49 Excluding One Time Charges Associated with Barretts Minerals Inc.

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) Q3 Earnings Expected to Decline

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.

News for Minerals Technologies Stock (MTX)