Core Viewpoint - LaFleur Minerals Inc. is engaging in strategic financing efforts to restart gold production at its Beacon Gold Mill, with a focus on raising CAD $5 million through secured debt financing and additional capital through private placements [2][3]. Debt Financing - The company has entered into an agreement with FMI Securities Inc. and FM Global Markets Inc. to act as exclusive corporate finance advisors for a proposed secured debt financing of up to CAD $5,000,000 [2][3]. - The engagement term is set for 180 days, with a non-refundable work fee of CAD $25,000 and a commission structure of 4% on gross proceeds raised from lenders [3]. LIFE Offering - LaFleur Minerals is launching a non-brokered private placement offering of up to 6,000,000 units at a price of $0.48 per unit, aiming for gross proceeds of up to $2,880,000 [4][5]. - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of an additional common share at $0.75 within 24 months [4]. Charity Flow-Through Offering - The company plans to offer up to 3,750,000 charity flow-through units at a price of $0.69 per unit, targeting gross proceeds of up to $2,587,500 [9][10]. - Proceeds from the charity flow-through units will be allocated to the Swanson Gold Project for Canadian Exploration Expenses [10]. Use of Proceeds - Gross proceeds from both the LIFE Offering and Charity FT Offering will be utilized for exploration initiatives at the Swanson Gold Project, operational purposes at the Beacon Gold Mill, and general corporate expenses [5][10]. Regulatory Compliance - The offerings will be conducted under the listed issuer financing exemption, and the securities will not be subject to a hold period under applicable Canadian securities laws [6][7]. - The closing of both offerings is expected around August 15, 2025, or at a date determined by the company [11]. Company Overview - LaFleur Minerals Inc. focuses on developing gold projects in the Abitibi Gold Belt, with significant potential in its Swanson Gold Deposit and Beacon Gold Mill, which can process over 750 tonnes per day [13].

Group 1: Meeting Results - All nominees for re-election as directors were re-elected to serve until the next annual general meeting [2] - Shareholders approved the reappointment of Mao & Ying LLP Chartered Accountants as the Company's auditors for the upcoming year [3] Group 2: Stock Option and Share Unit Plans - Shareholders approved a 10% rolling stock option plan and a restricted share unit plan, both subject to final acceptance by the TSX Venture Exchange [4] - The stock option plan requires annual shareholder approval, while the restricted share unit plan requires approval only if the number of shares is amended [4] Group 3: Stock Options Grant - The Board of Directors granted an aggregate of 800,000 stock options to directors at an exercise price of $0.33 per common share for a period of five years [5] - 50% of the options vest immediately, with the remaining 50% vesting in one year [5] Group 4: Company Overview - Search Minerals focuses on exploring and developing Critical Rare Earth Elements (CREE) and transition metals such as Zirconium and Hafnium in the Port Hope Simpson - St. Lewis CREE District [6] - The Company controls two deposits (Foxtrot and Deep Fox) and several drill-ready prospects along a 64-kilometer belt in Labrador [7]

Core Insights - Surge Battery Metals Inc. has identified significant rubidium (Rb) and cesium (Cs) mineralization within its Nevada North Lithium Project, indicating a potential substantial domestic resource for these critical minerals [1][3][5] Group 1: Mineralization Findings - Initial assay results from eight drilled holes show consistent rubidium grades averaging 303 ppm and cesium grades averaging 124 ppm, confirming a strong correlation with lithium mineralization [3][8] - The mineralization of rubidium and cesium is present throughout the main mineralized horizons of the deposit, suggesting their potential as valuable by-products [3][8] Group 2: Future Plans - The company plans to re-submit pulp samples from the 2022 and 2023 drill programs for further assays to evaluate the potential for a formal resource calculation for rubidium and cesium [4][5] - The presence of these critical minerals could significantly impact the project's future economics, as outlined in the Preliminary Economic Assessment, which includes a Life of Mine plan for processing over 200 million tonnes of material [5] Group 3: Industry Context - Rubidium and cesium are considered critical high-value minerals with applications in specialized electronics, telecommunications, and medical technologies, typically produced as by-products from a limited number of lithium and pollucite mines globally [6]

Core Insights - Doubleview Gold Corp has initiated an advanced exploration program at its 90%-owned Red Spring Project, focusing on copper, silver, zinc, and gold, which reinforces its commitment to critical mineral development [1][2][4] Group 1: Red Spring Project Overview - The Red Spring Project is located in central British Columbia and has shown strong mineralization in historical drilling, particularly in its central zone [2] - The project has a 90% ownership by Doubleview and has undergone extensive previous exploration activities, including approximately 4,000 feet of drilling [2][4] Group 2: Exploration Program Details - The first phase of the 2025 exploration program includes a 3D Induced Polarization (IP) survey targeting the Angus Zone, expected to be completed by the end of August 2025 [3][4] - The 3D IP survey aims to provide insights into subsurface geology, aiding in future drill program planning [4] Group 3: Strategic Importance and Community Engagement - The Red Spring Project is strategically important for Doubleview, enhancing its focus on critical minerals and demonstrating strong potential [4] - The company is committed to sustainable exploration methods and collaborative engagement with local stakeholders and First Nations [4] Group 4: Hat Project Update - Doubleview's flagship Hat Project continues to see exploration and definition efforts, with drilling surpassing 6,500 meters in 2025 [5] - The ongoing preliminary economic assessment, metallurgy, and environmental baseline studies highlight the comprehensive advancement of the Hat polymetallic deposit [5] Group 5: Company Outlook - Doubleview anticipates that 2025 will be its most productive year to date, reflecting robust exploration and development activities across its projects [6][7]

Financial Data and Key Metrics Changes - The company reported EPS of $1.55, up 36% from Q1, and sales of $529 million, an 8% sequential increase [5][16] - Operating income reached $79 million, a 25% sequential increase, with an operating margin of 14.9%, up 200 basis points from Q1 [5][17] - Free cash flow was $34 million, with total liquidity at nearly $700 million, reflecting a $150 million increase year-over-year [27][29] Business Line Data and Key Metrics Changes - Consumer and Specialty segment sales were $278 million, up 4% sequentially, with Household and Personal Care sales at $127 million, up 3% sequentially [19][20] - Specialty Additives sales were $150 million, down 5% year-over-year but up 4% sequentially, driven by seasonal demand in residential construction [21] - Engineered Solutions segment sales were $251 million, up 12% sequentially, with High Temperature Technologies sales at $178 million, down 3% year-over-year but up 5% sequentially [23][24] Market Data and Key Metrics Changes - The North American cat litter market has been slower, leading to increased competitive dynamics, while the global pet litter market shows positive long-term growth [7][8] - The North American steel market remains stable, while the European steel market is weak, impacting sales in that region [11][24] - Demand in the Environmental and Infrastructure product line has stabilized, but overall project activity is lower than historical levels [14][25] Company Strategy and Development Direction - The company is focusing on capacity expansion for high-growth products, including sustainable aviation fuel and animal health solutions, with projected revenue growth of $100 million from these initiatives [15][27] - Investments are being made in new facilities and upgrades to improve efficiency and reduce production costs [8][20] - The company is committed to sustainability, achieving significant reductions in emissions and waste, and plans to outline new long-term goals in the next sustainability report [32][34] Management's Comments on Operating Environment and Future Outlook - Management noted that while market conditions are not robust, they are executing initiatives to support near-term demand across multiple product lines [14][30] - The outlook for Q3 anticipates stable sales and income, with potential upsides balanced by macroeconomic uncertainties [30][31] - Management expressed confidence in the second half of the year being stronger than the first half, driven by ongoing growth initiatives [31] Other Important Information - The company returned $22 million to shareholders in Q2, maintaining a balanced approach to capital deployment [28] - The balance sheet remains strong, with a net leverage ratio of 1.7 times EBITDA, below the target of two times [29] Q&A Session Summary Question: Insights on Household and Personal Care segment growth - Management indicated that while there is improvement, the pet care market has been slower, leading to competitive pricing and promotional activities [40][41] - Smaller products in the segment are growing at double-digit rates, which are expected to drive overall growth [42][43] Question: Drivers of better operating income performance in Engineered Solutions - Strong productivity and effective supply chain management contributed to better-than-expected operating income [51][52] - Management noted ongoing macro uncertainties but expressed confidence in maintaining similar margin performance [54][55] Question: Capacity for larger acquisitions - The company is open to considering larger acquisitions and has a strong balance sheet to support potential deals [58][60] Question: Schedule for new PCC satellites - Three new satellite facilities are expected to come online in the next seven to eight months, including expansions in Asia [64][66] Question: Outlook for steel production and MINSCAN penetration - The U.S. steel market is stable, while the European market remains weak, with ongoing efforts to penetrate the MINSCAN technology in both regions [70][73]

Core Insights - Minerals Technologies (MTX) reported revenue of $528.9 million for the quarter ended June 2025, a decrease of 2.3% year-over-year, with EPS at $1.55 compared to $1.65 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $531.8 million, resulting in a surprise of -0.55%, while the EPS exceeded the consensus estimate of $1.43 by +8.39% [1] Financial Performance - Net Sales in the Engineered Solutions segment were $251.2 million, slightly above the two-analyst average estimate of $249.85 million, reflecting a year-over-year decline of -2.2% [4] - Net Sales in the Consumer & Specialties segment were $277.7 million, below the two-analyst average estimate of $281.95 million, also showing a year-over-year decrease of -2.3% [4] - Operating Income for the Engineered Solutions segment was reported at $46.8 million, exceeding the average estimate of $40.5 million from two analysts [4] - Operating Income for the Consumer & Specialties segment was $34 million, which fell short of the average estimate of $37.2 million from two analysts [4] Market Performance - Shares of Minerals Technologies have returned +10.5% over the past month, outperforming the Zacks S&P 500 composite's +5.7% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

分组1 - Minerals Technologies (MTX) reported quarterly earnings of $1.55 per share, exceeding the Zacks Consensus Estimate of $1.43 per share, but down from $1.65 per share a year ago [1][2] - The company posted revenues of $528.9 million for the quarter, missing the Zacks Consensus Estimate by 0.55% and down from $541.2 million year-over-year [3] - The stock has underperformed, losing about 21.1% since the beginning of the year compared to the S&P 500's gain of 8.1% [4] 分组2 - The current consensus EPS estimate for the upcoming quarter is $1.64 on revenues of $542.05 million, and for the current fiscal year, it is $5.77 on revenues of $2.11 billion [8] - The Zacks Industry Rank for Chemical - Specialty is in the top 39% of over 250 Zacks industries, indicating a favorable outlook for the industry [9] - The estimate revisions trend for Minerals Technologies was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, suggesting it is expected to outperform the market [7]

Core Viewpoint - Minerals Technologies reported a sequential improvement in earnings for Q2 2025, surpassing analyst profit expectations but falling short of revenue forecasts, indicating operational recovery amidst mixed market demand [1][5]. Financial Performance - Non-GAAP earnings per share (EPS) for Q2 2025 reached $1.55, exceeding the analyst estimate of $1.41 but down 6.1% from $1.65 in Q2 2024 [2][5]. - GAAP revenue was $528.9 million, missing the consensus estimate by $1.57 million and down 2.3% year-over-year [2][5]. - Operating income (non-GAAP) was $79.0 million, a decrease of 6.8% from the previous year [2]. - Adjusted EBITDA stood at $99.1 million, down 8% compared to Q2 2024 but up 17% from Q1 2025 [2][9]. - Free cash flow increased to $33.8 million, a 13.1% rise from the previous year [2][10]. Business Segments Overview - The Consumer & Specialties segment reported sales of $277.7 million, a 4% increase from Q1 but a 2% decrease year-over-year [6]. - The Engineered Solutions segment generated $251.2 million in sales, growing 12% sequentially but declining 2% year-over-year [7]. - High-Temperature Technologies within Engineered Solutions reported $178.4 million in sales, up 5% sequentially but down 3% year-over-year [7]. Operational Highlights - Margins improved in both segments, with Consumer & Specialties achieving a 13.4% margin and Engineered Solutions posting a 17.4% margin, driven by cost efficiencies and productivity [8][9]. - Cash flow from operations was $62.9 million, reversing a negative result from the previous quarter [10]. Innovation and Sustainability - The company emphasized innovation with an annual R&D spend of approximately $23 million and holds around 240 patents [4]. - Recent product developments include FluoroSorb, aimed at addressing PFAS contamination in drinking water, with over two-thirds of new products featuring sustainable properties [11]. Outlook - Management maintains a positive outlook for the second half of FY2025, focusing on improving operating margins and restoring growth in core consumer lines while navigating raw material cost pressures [13].

[Q2 2025 Earnings Highlights & CEO Commentary](index=1&type=section&id=1.%20Q2%202025%20Earnings%20Highlights%20%26%20CEO%20Commentary) This section provides an overview of Minerals Technologies Inc.'s (MTI) strong financial performance in Q2 2025 and the CEO's strategic insights [Key Financial Highlights](index=1&type=section&id=1.1%20Key%20Financial%20Highlights) Minerals Technologies Inc. (MTI) achieved strong financial performance in Q2 2025, with significant sequential growth in adjusted EPS and operating income, an 8% sequential increase in net sales, and robust cash flow generation | Metric | Q2 2025 (GAAP) | Q2 2025 (Non-GAAP) | Sequential Growth (Non-GAAP) | | :-------------------------------- | :----------------- | :------------------- | :--------------------------- | | Earnings Per Share (EPS) | $1.44 | $1.55 | 36% | | Operating Income | $75 Million | $79 Million | 25% | | Operating Margin | 14.1% | 14.9% | - | | Global Net Sales | $529 Million | - | 8% | | Cash Flow from Operating Activities | $63 Million | - | - | | Free Cash Flow | $34 Million | - | - | | Shareholder Returns | $22 Million | - | - | [CEO's Strategic Outlook](index=1&type=section&id=1.2%20CEO%27s%20Strategic%20Outlook) CEO Douglas T. Dietrich highlighted the company's strong performance and near-record profitability despite market uncertainties, noting improved sales and growth initiatives set the stage for a stronger second half - CEO Douglas T. Dietrich stated that the quarter's strong performance and near-record profitability demonstrate the company's adaptability under a high-performance operating culture[7](index=7&type=chunk) - Significant sales improvement, which began at the end of Q1 and continued into Q2, combined with advancing growth initiatives, lays the foundation for a stronger second half performance[7](index=7&type=chunk) [Consolidated Financial Performance](index=1&type=section&id=2.%20Consolidated%20Financial%20Performance) This section details MTI's consolidated financial results for Q2 2025, including net sales, operating income, and key non-GAAP adjustments [Q2 2025 Consolidated Results Overview](index=1&type=section&id=2.1%20Q2%202025%20Consolidated%20Results%20Overview) MTI achieved global net sales of $529 million in Q2 2025, an 8% sequential increase driven by a significant rebound in demand across all product lines, with adjusted operating income and margin showing substantial sequential improvement | Metric (Millions of USD) | Q2 2025 | Q1 2025 | Q2 2024 | Sequential Growth | Year-over-Year Growth | | :-------------------------------- | :------ | :------ | :------ | :---------------- | :-------------------- | | Global Net Sales | $529M | $491.8M | $541.2M | 8% | (2)% | | Reported Operating Income | $75M | -$160.1M| $50.6M | * | 47% | | Adjusted Operating Income | $79M | $63.2M | $84.8M | 25% | (7)% | | Adjusted Operating Margin | 14.9% | 12.9% | 15.7% | 200 bps | - | | Cash Flow from Operating Activities | $63M | -$4.4M | $50.1M | * | 26% | | Free Cash Flow | $34M | -$22.7M | $29.9M | * | 13.7% | [Condensed Consolidated Statements of Income (Loss)](index=4&type=section&id=2.2%20Condensed%20Consolidated%20Statements%20of%20Income%20(Loss)) MTI's net sales for Q2 2025 were $528.9 million, an 8% sequential increase but a 2% year-over-year decrease due to softer market conditions in the prior year, achieving a net income of $45.4 million and diluted EPS of $1.44 | Metric (Millions of USD) | Q2 2025 | Q1 2025 | Q2 2024 | Sequential Growth | Year-over-Year Growth | | :----------------------------------- | :------ | :------ | :------ | :---------------- | :-------------------- | | Net Sales | 528.9 | 491.8 | 541.2 | 8% | (2)% | | Cost of Sales | 392.0 | 372.2 | 397.3 | 5% | (1)% | | Gross Profit | 136.9 | 119.6 | 143.9 | 14% | (5)% | | Operating Income (Loss) | 74.6 | (160.1) | 50.6 | * | 47% | | Net Income (Loss) | 46.3 | (143.0) | 20.9 | * | 122% | | Net Income (Loss) Attributable to MTI | 45.4 | (144.0) | 19.7 | * | 130% | | Diluted Earnings Per Share | 1.44 | (4.51) | 0.61 | * | 136% | [Non-GAAP Financial Measures Reconciliation](index=6&type=section&id=2.3%20Non-GAAP%20Financial%20Measures%20Reconciliation) MTI provides non-GAAP financial measures to exclude the impact of special items, offering a clearer view of the company's ongoing operational performance and historical trends, including litigation reserves, restructuring charges, and asset sale gains - Management believes non-GAAP measures provide meaningful supplemental information as special items do not represent ongoing operational performance and impact the comparability of period results[28](index=28&type=chunk) [Non-GAAP Earnings Per Share](index=6&type=section&id=2.3.1%20Non-GAAP%20Earnings%20Per%20Share) Excluding special items, MTI's net income attributable to MTI for Q2 2025 was $48.9 million, with diluted earnings per share of $1.55, representing significant sequential growth | Metric (Millions of USD) | Q2 2025 | Q1 2025 | Q2 2024 | Sequential Growth | | :----------------------------------------------- | :------ | :------ | :------ | :---------------- | | Net Income (GAAP) Attributable to MTI | 45.4 | (144.0) | 19.7 | * | | Net Income (Excluding Special Items) Attributable to MTI | 48.9 | 36.4 | 53.6 | 34% | | Diluted Earnings Per Share (Excluding Special Items) | 1.55 | 1.14 | 1.65 | 36% | - In Q2 2025, the company recorded **$5.6 million** in net gain on asset sales[29](index=29&type=chunk) - In Q2 2025, the company recorded **$5.8 million** in restructuring and other charges, primarily for asset write-downs and facility consolidation[30](index=30&type=chunk) - In Q1 2025, the company recorded a **$215 million** litigation reserve for talc-related settlements and associated legal costs[31](index=31&type=chunk) [Free Cash Flow](index=7&type=section&id=2.3.2%20Free%20Cash%20Flow) MTI generated $33.8 million in free cash flow in Q2 2025, a significant improvement from the previous quarter, reflecting a strong recovery in cash flow from operating activities | Metric (Millions of USD) | Q2 2025 | Q1 2025 | Q2 2024 | Sequential Growth | | :-------------------------------- | :------ | :------ | :------ | :---------------- | | Cash Flow from Operating Activities | 62.9 | (4.4) | 50.1 | * | | Capital Expenditures | 29.1 | 18.3 | 20.2 | 59% | | Free Cash Flow | 33.8 | (22.7) | 29.9 | * | [Adjusted EBITDA](index=7&type=section&id=2.3.3%20Adjusted%20EBITDA) MTI's Adjusted EBITDA for Q2 2025 was $99.1 million, a 17% sequential increase, with Adjusted EBITDA as a percentage of sales at 18.7%, indicating improved profitability | Metric (Millions of USD) | Q2 2025 | Q1 2025 | Q2 2024 | Sequential Growth | | :----------------------------------- | :------ | :------ | :------ | :---------------- | | Net Income (Loss) Attributable to MTI | 45.4 | (144.0) | 19.7 | * | | EBITDA | 94.7 | (138.6) | 73.5 | * | | Adjusted EBITDA | 99.1 | 84.7 | 107.7 | 17% | | Adjusted EBITDA as % of Sales | 18.7% | 17.2% | 19.9% | 150 bps | [Segment-Specific Performance](index=1&type=section&id=3.%20Segment-Specific%20Performance) This section analyzes the individual performance of MTI's Consumer & Specialties and Engineered Solutions segments in Q2 2025 [Consumer & Specialties Segment](index=1&type=section&id=3.1%20Consumer%20%26%20Specialties%20Segment) The Consumer & Specialties segment's sales grew 4% sequentially to $278 million in Q2 2025, driven by stable customer order patterns and increased seasonal residential construction, with adjusted operating income up 24% and operating margin improving by 220 basis points | Metric (Millions of USD) | Q2 2025 | Q1 2025 | Q2 2024 | Sequential Growth | Year-over-Year Growth | | :----------------------------------- | :------ | :------ | :------ | :---------------- | :-------------------- | | Segment Sales | 277.7 | 268.3 | 284.3 | 4% | (2)% | | Home & Personal Care Product Line Sales | 127.4 | 123.1 | 126.8 | 3% | 0% | | Specialty Additives Product Line Sales | 150.3 | 145.2 | 157.5 | 4% | (5)% | | Adjusted Operating Income | 37.3 | 30.0 | 43.9 | 24% | (15)% | | Adjusted Operating Margin | 13.4% | 11.2% | 15.4% | 220 bps | - | - Sales growth was primarily driven by improved customer order patterns and increased seasonal residential construction activity[8](index=8&type=chunk) - Operating income growth benefited from stronger sales and improved cost efficiencies[9](index=9&type=chunk) [Engineered Solutions Segment](index=2&type=section&id=3.2%20Engineered%20Solutions%20Segment) The Engineered Solutions segment's sales increased 12% sequentially to $251 million in Q2 2025, driven by strong demand from steel and foundry customers and seasonal growth in large project activity, with adjusted operating income up 27% and operating margin reaching 17.4% | Metric (Millions of USD) | Q2 2025 | Q1 2025 | Q2 2024 | Sequential Growth | Year-over-Year Growth | | :----------------------------------- | :------ | :------ | :------ | :---------------- | :-------------------- | | Segment Sales | 251.2 | 223.5 | 256.9 | 12% | (2)% | | High-Temperature Technologies Product Line Sales | 178.4 | 169.4 | 184.7 | 5% | (3)% | | Environmental & Infrastructure Product Line Sales | 72.8 | 54.1 | 72.2 | 35% | 1% | | Adjusted Operating Income | 43.7 | 34.4 | 44.7 | 27% | (2)% | | Adjusted Operating Margin | 17.4% | 15.4% | 17.4% | 200 bps | - | - Sales growth was primarily driven by strong demand from steel and foundry customers, along with large project activity entering its seasonal peak[11](index=11&type=chunk) - Operating income growth was attributed to higher sales, improved productivity, and disciplined cost control[12](index=12&type=chunk) [Corporate Information & Sustainability](index=2&type=section&id=4.%20Corporate%20Information%20%26%20Sustainability) This section covers MTI's sustainability efforts, investor communication details, forward-looking statements, and company overview [17th Annual Sustainability Report Publication](index=2&type=section&id=4.1%2017th%20Annual%20Sustainability%20Report%20Publication) MTI released its 17th annual Sustainability Report, highlighting achievements in environmental, safety, and community areas, including meeting 11 of 12 environmental goals in 2024, maintaining world-class safety, and significantly reducing Scope 1 and 2 emissions and water usage - Achieved **11 of 12** environmental goals in 2024[14](index=14&type=chunk) - Maintained world-class safety performance[15](index=15&type=chunk) - Reduced Scope 1 emissions by **14%** and Scope 2 emissions by **10%** year-over-year[15](index=15&type=chunk) - Decreased water withdrawals by **4%** and discharges by **13%**[15](index=15&type=chunk) - **66%** of new products feature sustainable characteristics, supporting customer sustainability goals[15](index=15&type=chunk) [Investor Conference Call Details](index=2&type=section&id=4.2%20Investor%20Conference%20Call%20Details) MTI will host a conference call on July 25, 2025, at 11:00 AM ET to discuss Q2 results, with investors able to access a live webcast and presentation via the company's website - The conference call will be held on **July 25, 2025, at 11:00 AM ET**[16](index=16&type=chunk) - A live webcast and presentation will be available on the company's investor relations website[16](index=16&type=chunk) [Forward-Looking Statements Disclaimer](index=2&type=section&id=4.3%20Forward-Looking%20Statements%20Disclaimer) This press release contains forward-looking statements regarding expectations and projections for future events, which are based on assumptions, estimates, and limited information, subject to various known and unknown risks and uncertainties that may cause actual results to differ materially - Forward-looking statements are based on assumptions, estimates, and limited information, and actual future results may differ materially[17](index=17&type=chunk) - Risk factors include global economic conditions, customer business cyclicality, competitive capabilities, ability to renew long-term sales contracts, debt repayment capacity, new product development, intellectual property protection, risks of overseas operations, raw material costs, regulatory changes, litigation, and operational risks[17](index=17&type=chunk) - The company undertakes no obligation to publicly update any forward-looking statements[19](index=19&type=chunk) [About Minerals Technologies Inc.](index=3&type=section&id=4.4%20About%20Minerals%20Technologies%20Inc.) Minerals Technologies Inc. (MTI) is a leading technology-driven specialty minerals company that develops, produces, and markets a broad range of mineral and mineral-based products, related systems, and services for global consumer and industrial markets - MTI is a leading technology-driven specialty minerals company, providing mineral and mineral-based products, systems, and services[21](index=21&type=chunk) - The company serves global consumer and industrial markets, including home, food and pharmaceutical, paper, packaging, automotive, construction, and environmental sectors[21](index=21&type=chunk) - Global sales in 2024 totaled **$2.1 billion**[21](index=21&type=chunk) [Condensed Consolidated Balance Sheets](index=13&type=section&id=5.%20Condensed%20Consolidated%20Balance%20Sheets) As of June 29, 2025, MTI's total assets were $3,454.8 million, total liabilities were $1,766.8 million, and stockholders' equity was $1,688.0 million, with both total assets and liabilities increasing compared to December 31, 2024, while stockholders' equity slightly decreased | Metric (Millions of USD) | June 29, 2025 | December 31, 2024 | | :--------------------------------------- | :------------ | :---------------- | | **Assets:** | | | | Cash and Cash Equivalents | 313.8 | 333.1 | | Accounts Receivable, Net | 425.9 | 385.2 | | Inventories | 359.6 | 342.1 | | Total Current Assets | 1,172.8 | 1,131.0 | | Property, Plant and Equipment, Net | 1,006.4 | 989.7 | | Goodwill | 915.9 | 913.8 | | Intangible Assets | 214.4 | 218.1 | | Total Assets | 3,454.8 | 3,393.9 | | **Liabilities and Stockholders' Equity:** | | | | Short-Term Debt | 17.7 | 5.1 | | Other Current Liabilities | 380.5 | 200.6 | | Total Current Liabilities | 602.8 | 397.7 | | Long-Term Debt | 959.0 | 959.6 | | Deferred Income Taxes | 87.8 | 130.5 | | Total Liabilities | 1,766.8 | 1,610.7 | | Equity Attributable to MTI Stockholders | 1,654.0 | 1,747.0 | | Total Stockholders' Equity | 1,688.0 | 1,783.2 | | Total Liabilities and Stockholders' Equity | 3,454.8 | 3,393.9 |

Core Insights - Minerals Technologies Inc. (MTI) reported strong second quarter results with earnings per share of $1.44, or $1.55 excluding special items, reflecting a 36% sequential increase [1] - The company achieved an operating income of $75 million, or $79 million excluding special items, which is a 25% sequential increase [3] - MTI's worldwide net sales for the second quarter were $529 million, up 8% sequentially but down 2% year-over-year due to softer market conditions [2] Financial Performance - The operating margin excluding special items improved by 200 basis points sequentially to 14.9% of sales [3] - Cash flow from operations was reported at $63 million, with free cash flow of $34 million [4] - The company returned $22 million to shareholders through stock repurchases and dividends in the second quarter [4] Segment Performance - The Consumer & Specialties segment reported sales of $278 million, up 4% sequentially, driven by improved customer order patterns and higher residential construction activity [6] - The Engineered Solutions segment saw sales of $251 million, up 12% sequentially, with a notable 35% increase in the Environmental & Infrastructure product line [9] - Segment operating income for Consumer & Specialties was $37 million, up 24% sequentially, while Engineered Solutions reported $44 million, a 27% improvement [7][10] Sustainability Initiatives - MTI published its 17th Annual Sustainability Report, highlighting achievements in environmental goals, including a 14% reduction in Scope 1 emissions and a 10% reduction in Scope 2 emissions year-over-year [13][14] - The report indicated that 66% of new products have a sustainable profile, supporting customers in achieving their sustainability goals [14] Market Outlook - The CEO expressed confidence in the company's ability to generate strong results amid market uncertainties, indicating a positive outlook for the second half of the year [5] - The company is well-positioned to capitalize on growth initiatives and the momentum observed in sales improvement [5]