Minerals Technologies Inc. Announces 2025 Second Quarter Financial Results

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]