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Minerals Technologies Inc. Announces 2025 Third Quarter Financial Results
Globenewswire· 2025-10-23 21:00
Core Insights - Minerals Technologies Inc. (MTI) reported record earnings per share of $1.37 for Q3 2025, or $1.55 excluding special items, indicating strong financial performance despite mixed market conditions [1][3] - The company's worldwide net sales reached $532 million, reflecting a 1% increase both sequentially and year-over-year [2][24] - Operating income was reported at $71 million, or $78 million excluding special items, showing a slight decline of 1% compared to the previous quarter and the same quarter last year [2][26] Financial Performance - Earnings per share for Q3 2025 was $1.37, with a record of $1.55 when excluding special items [1][3] - Operating income was $71 million, down 1% sequentially and year-over-year, with an operating margin of 14.7% excluding special items [2][26] - Cash flow from operations was $71 million, while free cash flow stood at $44 million for the quarter [2][20] Segment Performance - The Consumer & Specialties segment reported sales of $277 million, remaining flat sequentially, with Household & Personal Care product line sales increasing by 2% to $130 million [3][4] - The Engineered Solutions segment saw sales of $255 million, up 2% sequentially, with notable growth in Environmental & Infrastructure product line sales, which increased by 5% [5][6] - Segment operating income for Consumer & Specialties was $37 million, maintaining an operating margin of 13.5%, while Engineered Solutions segment operating income improved to $45 million, achieving a record operating margin of 17.6% [4][6] Strategic Outlook - The CEO highlighted opportunities for growth across the company, particularly in Household & Personal Care, supported by strategic investments [3][4] - The company aims to leverage its technology-driven approach to enhance product offerings and capture market share in consumer-driven end markets [4][10]
Minerals Technologies Inc. Announces Investment to Support Significant Growth Opportunity in the Use of Renewable Fuels
Globenewswire· 2025-10-20 14:42
Core Insights - Minerals Technologies Inc. (MTI) announced an investment in its Uşak City, Turkey plant to enhance the Rafinol™ product line for the natural oil purification market [1][2] - The global natural oil purification market is valued at $1.1 billion, with renewable fuel representing 12% of this market and being the fastest-growing segment [2] - MTI's Rafinol™ brand includes two product lines: one for biodiesel and renewable diesel purification, and another for bleaching earths and adsorbents for consumer oils [3] Company Strategy - The investment in natural oil purification aligns with MTI's long-term growth strategy focused on higher-growth, consumer-oriented markets [4] - MTI aims to leverage its unique mineral reserves and technological capabilities to address complex customer challenges [4] Market Position - MTI's Rafinol™ is recognized as the leading technology in the natural oil purification market, benefiting from regulatory changes promoting renewable fuels in the U.S. and Europe [2] - The company reported global sales of $2.1 billion in 2024 and operates in 34 countries with a workforce of 4,000 employees [5]
Minerals Technologies Inc. Announces Increase in Quarterly Dividend; Third Consecutive Year of Dividend Increases
Globenewswire· 2025-10-15 13:17
Core Viewpoint - Minerals Technologies Inc. (MTI) announced a 9% increase in its regular quarterly dividend to $0.12 per share, reflecting the company's confidence in its cash flow and long-term growth strategy [1][2]. Dividend Announcement - The increased dividend is payable on December 4, 2025, to stockholders of record as of October 30, 2025 [1]. - This marks the third consecutive year that MTI's Board of Directors has authorized a dividend increase [2]. Capital Deployment Strategy - MTI's quarterly dividend is part of a balanced capital deployment strategy that includes organic and inorganic investments, share repurchases, and maintaining a strong balance sheet [3]. - In October 2024, MTI's Board authorized a $200 million share repurchase program, with $50 million of shares repurchased by the end of the third quarter of 2025 [3]. Company Overview - Minerals Technologies Inc. is a global specialty minerals company with reported global sales of $2.1 billion in 2024 and operates in 34 countries with 4,000 employees [5].
Minerals Technologies Inc. Announces Third Quarter 2025 Conference Call on October 24, 2025
Globenewswire· 2025-09-25 14:00
Core Viewpoint - Minerals Technologies Inc. (MTI) will release its third-quarter results on October 23, 2025, and will host a conference call on October 24, 2025, to discuss these results [1][2]. Company Overview - Minerals Technologies Inc. is a global, technology-driven specialty minerals company that develops, produces, and markets a wide range of minerals and mineral-based products and services [4]. - The company utilizes global mineral reserves with core technologies to deliver innovative solutions for products that are part of everyday life [4]. - MTI serves customers in consumer and industrial markets worldwide, employing 4,000 people across 34 countries, and reported global sales of $2.1 billion in 2024 [4].
Minerals Technologies Inc. Announces Participation in Gabelli's 3rd Annual PFAS Symposium
Globenewswire· 2025-09-04 16:28
Core Viewpoint - Minerals Technologies Inc. (MTI) is participating in Gabelli's third annual PFAS Symposium to present its FLUORO-SORB® adsorbent technology for PFAS remediation [1][2]. Group 1: Company Overview - Minerals Technologies Inc. is a technology-driven specialty minerals company based in New York, developing and marketing a wide range of mineral and mineral-based products [4]. - The company serves various consumer and industrial markets, including household, food and pharmaceutical, paper, packaging, automotive, construction, and environmental sectors [4]. - MTI reported global sales of $2.1 billion in 2024 [4]. Group 2: Technology and Applications - MTI will showcase its proprietary FLUORO-SORB® adsorbent technology, designed to effectively remediate PFAS in water and soil [2]. - FLUORO-SORB® is compatible with existing remediation efforts and can be utilized in various applications such as flow-through filtration media, permeable reactive barriers, in situ stabilization, soil solidification, and sediment capping [2]. - Over the past 24 months, FLUORO-SORB® has been installed in numerous full-scale applications and has been validated by leading research universities and field pilot studies, confirming its effectiveness as a treatment media [3].
Minerals Technologies Inc. Announces Participation at Upcoming Investor Conferences
Globenewswire· 2025-08-07 14:24
Company Overview - Minerals Technologies Inc. (MTI) is a technology-driven specialty minerals company based in New York, developing, producing, and marketing a wide range of mineral and mineral-based products, systems, and services [2] - The company serves various consumer and industrial markets, including household, food and pharmaceutical, paper, packaging, automotive, construction, and environmental sectors [2] - MTI reported global sales of $2.1 billion in 2024 [2] Upcoming Events - MTI will participate in two upcoming investor conferences: Seaport Research Partners' Annual Summer Conference on August 19, 2025 (virtual) and Jefferies' Industrials Conference on September 4, 2025 (in-person in New York, NY) [3] - Key representatives at these events include Douglas T. Dietrich (Chairman and CEO), Erik Aldag (CFO), and Lydia Kopylova (Vice President of Investor Relations) [1][3] - At the Jefferies' Industrials Conference, Douglas T. Dietrich will present at 3:30 PM ET and will also engage in one-on-one meetings with individual investors [3]
Minerals Technologies Inc. Announces 2025 Second Quarter Financial Results
Globenewswire· 2025-07-24 21:00
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]
Minerals Technologies Inc. Releases 2024 Sustainability Report
Globenewswire· 2025-07-22 16:31
Core Insights - Minerals Technologies Inc. (MTI) achieved 11 out of 12 environmental targets a year ahead of schedule, demonstrating a strong commitment to sustainability [1][4] - The company reported a 14% reduction in Scope 1 emissions and a 10% reduction in Scope 2 emissions year over year, contributing to a 32% and 36% reduction since 2018, respectively [4] - MTI's new product portfolio is increasingly sustainable, with 66% of new products having a sustainable profile [1][4] Sustainability Achievements - MTI delivered world-class safety performance, with a total recordable injury rate of 0.77 and a lost workday injury rate of 0.15, as defined by OSHA [4] - The company reduced water usage by 4% year over year, achieving a 30% decrease since 2018, and decreased water discharge by 13% year over year, or 52% since 2018 [4] - Over 1.1 million metric tons of waste CO2 were extracted and sequestered in usable consumer products [4] Community Engagement - MTI's employees participated in various community engagement projects, including fundraisers, book donations, and environmental clean-ups [3] - The company emphasizes the importance of sustainable operations as a core aspect of its business strategy, benefiting both growth and environmental goals [2] Financial Performance - In 2024, MTI reported global sales of $2.1 billion, reflecting its strong market position and commitment to sustainability [5]
Minerals Technologies Inc. Announces Second Quarter 2025 Conference Call on July 25, 2025
Globenewswire· 2025-06-26 14:00
Core Points - Minerals Technologies Inc. (MTI) will release its second quarter results for the period ending June 29, 2025, on July 24, 2025, after market close [1] - A conference call to discuss the results will be held on July 25, 2025, at 11 a.m. Eastern Time [1] - The company reported global sales of $2.1 billion in 2024, indicating a strong market presence [4] Company Overview - Minerals Technologies Inc. is a technology-driven specialty minerals company based in New York [4] - The company develops, produces, and markets a wide range of mineral and mineral-based products, serving various consumer and industrial markets [4] - Key markets include household, food and pharmaceutical, paper, packaging, automotive, construction, and environmental sectors [4]
Minerals Technologies Inc. Declares Quarterly Dividend
Globenewswire· 2025-05-13 14:38
Company Overview - Minerals Technologies Inc. (MTI) is a technology-driven specialty minerals company based in New York, developing, producing, and marketing a wide range of mineral and mineral-based products, systems, and services [2] - The company serves various consumer and industrial markets, including household, food and pharmaceutical, paper, packaging, automotive, construction, and environmental sectors [2] - In 2024, MTI reported global sales of $2.1 billion [2] Dividend Announcement - The Board of Directors of MTI declared a regular quarterly cash dividend of $0.11 per share on the outstanding common stock [1] - This quarterly cash dividend is payable on June 12, 2025, to shareholders of record at the close of business on May 30, 2025 [1]