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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Company Reports Full Year 2020 Earnings of $3.29 Per Share,  or $3.99 Per Share, Excluding Special Items

Minerals Technologies Reports Fourth Quarter 2020 Earnings of $0.91 Per Share, or $1.08 Per Share, Excluding Special Items

NEW YORK, Jan. 18, 2021 (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, 2020 on Thursday, February 4, 2021 after the market close. The Company will host a conference call on Friday, February 5, 2021 at 11:00 a.m. Eastern Time to discuss these results.

Minerals Technologies Announces Fourth Quarter 2020 Conference Call

NEW YORK, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Specialty Minerals Inc. (SMI), a subsidiary of Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”), has communicated to customers that it has increased prices across its mineral product portfolio, effective January 1, 2021. Price increases range from 3 to 10%, subject to individual customer contracts and terms. The price increases help to offset rising costs and will support SMI's continued investments in mining, processing operations, and new product technology.

Minerals Technologies Announces Price Increase for Specialty Minerals Products in U.S.

Is Minerals Technologies (MTX) a great pick from the value investor's perspective right now? Read on to know more.

Should Value Investors Consider Minerals Technologies (MTX) Stock?

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

Minerals Technologies Statement Regarding Elementis plc (“Elementis” or “the Company”)

Minerals Technologies Announcement Regarding Elementis plc (“Elementis”)

Minerals Technologies' (MTX) CEO Doug Dietrich on Q3 2020 Results - Earnings Call Transcript

Minerals Technologies Inc.'s (MTX) CEO Douglas Dietrich On Q3 2020 Results - Quick Version Earnings Call Transcript

Minerals Technologies (MTX) delivered earnings and revenue surprises of 4.55% and -0.14%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Minerals Technologies (MTX) Q3 Earnings Surpass Estimates

NEW YORK, Oct. 12, 2020 (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, 2020 on Thursday, October 29, 2020 after the market close. The Company will host a conference call on Friday, October 30, 2020 at 11:00 a.m. Eastern Time to discuss these results.

Minerals Technologies Announces Third Quarter 2020 Conference Call

NEW YORK, Sept.  17, 2020  (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that Douglas Dietrich, Chief Executive Officer, and Matthew Garth, Chief Financial Officer, will present virtually at the Sidoti & Company Fall 2020 Investor Conference on Wednesday, September 23, 2020 at 12:15 p.m. Eastern Time. A live broadcast of the Company's presentation will be available at  www.mineralstech.com  under “Investor Events” on the Investor Relations page. A replay of the webcast will remain available on MTI’s website following the presentation.

Minerals Technologies to Participate in Sidoti & Company Fall 2020 Investor Conference on September 23, 2020

NEW YORK, Sept.  14, 2020  (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that Douglas Dietrich, Chief Executive Officer, and Matthew Garth, Chief Financial Officer, will participate in a virtual fireside chat at CL King’s 18th Annual Best Ideas Conference on Wednesday, September 16, 2020 at 11:45 a.m. Eastern Time. A live broadcast of the Company's presentation will be available at  www.mineralstech.com  under “Investor Events” on the Investor Relations page. A replay of the webcast will remain available on MTI’s website following the presentation.

Minerals Technologies to Participate in CL King’s Best Ideas Conference on September 16, 2020

NEW YORK, Aug.  31, 2020  (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that Erin N. Cutler has been named Vice President, Human Resources, effective immediately. Cutler, who will lead all aspects of MTI’s global human resources function, will report to Chief Executive Officer Douglas T. Dietrich and serve on MTI’s Leadership Council. Cutler succeeds Thomas J. Meek, who has served in the role since 2012, and will continue in his position as Senior Vice President, General Counsel, Secretary and Chief Compliance Officer.

Minerals Technologies Names Erin N. Cutler Vice President, Human Resources

John Hancock Income Securities Trust

Nuveen Select Tax-Free Income Portfolio 3

One potential way to unearth value opportunities is to screen for stocks trading below the Graham Number, as such stocks could be undervalued.

These Stocks Are Trading Below the Graham Number

Minerals Technologies, Inc. (MTX) CEO Douglas Dietrich on Q2 2020 Results - Earnings Call Transcript

Minerals Technologies (MTX) delivered earnings and revenue surprises of -2.30% and -11.26%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Minerals Technologies (MTX) Lags Q2 Earnings and Revenue Estimates

Minerals Technologies Reports Second Quarter 2020 Earnings of $0.42 Per Share, or $0.85 Per Share, Excluding Special Items

Details Progress Advancing Long-Term Environmental Targets Details Progress Advancing Long-Term Environmental Targets

Minerals Technologies Publishes 2019 Corporate Responsibility and Sustainability Report

NEW YORK, July  13, 2020  (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its second quarter ended June 28, 2020 on Thursday, July 30, 2020 after the market close. The Company will host a conference call on Friday, July 31, 2020 at 11:00 a.m. Eastern Time to discuss these results.

Minerals Technologies Announces Second Quarter 2020 Conference Call

NEW YORK, June  24, 2020  (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced the pricing of the previously announced private offering (the “Offering”) of $400 million aggregate principal amount of its 5.000% senior notes due 2028 (the “Notes”). The initial offering price to investors will be 100.000% of the principal amount thereof. The Notes will be guaranteed by the Company’s wholly owned domestic restricted subsidiaries that are borrowers under or that guarantee its senior secured credit facilities or that guarantee certain other indebtedness. The offering is expected to close on June 30, 2020, subject to customary closing conditions.

Minerals Technologies Announces Pricing of Private Offering of $400 Million of Senior Notes

NEW YORK, June  23, 2020  (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced the commencement of a private offering (the “Offering”) of $400 million aggregate principal amount of senior notes due 2028 (the “Notes”), subject to market and other conditions.

Minerals Technologies Announces Private Offering of $400 Million of Senior Notes

NEW YORK, June  16, 2020  (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it has signed an agreement with Phoenix Paper LLC to re-establish a 35,000 ton per year satellite precipitated calcium carbonate (PCC) plant at its paper mill in Wickliffe, Kentucky. This paper mill had been idled for the past five years and was recently purchased and restarted by Phoenix Paper, a subsidiary of Shanying International, a Chinese-based company focused on entering the North America paper market. MTI has been providing its PCC from nearby sources to the Wickliffe site since the facility restarted operations in November of 2019.

Minerals Technologies Signs Agreement with Phoenix Paper to Rebuild and Operate a 35,000 Ton Per Year Satellite PCC Plant in U.S.

NEW YORK, May  21, 2020  (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it has signed an agreement with Satia Industries Limited to build a 42,000 metric ton per year satellite precipitated calcium carbonate (PCC) plant at its paper mill in Sri Muktsar Sahib, Punjab District, India. The facility is scheduled to begin operation in the second quarter of 2021.

Minerals Technologies Signs Agreement with Satia Industries Limited to Construct a 42,000 Metric Ton Per Year Satellite PCC Plant in India

Minerals Technologies, Inc. (MTX) CEO Douglas Dietrich on Q1 2020 Results - Earnings Call Transcript

Minerals Technologies (MTX) delivered earnings and revenue surprises of 18.95% and -4.96%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Minerals Technologies Stock (MTX)