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Minerals Technologies Inc. Announces 2025 Third Quarter Financial Results
Globenewswire· 2025-10-23 21:00
-- Earnings per Share of $1.37, or $1.55 Excluding Special Items, Setting a Third Quarter Record -- -- Operating Income of $71 Million, or $78 Million Excluding Special Items -- -- Continued Strong Operating Margin and Cash Flow -- NEW YORK, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI”), a leading, technology-driven specialty minerals company, today reported earnings per share for the third quarter ended September 28, 2025, of $1.37 or $1.55 excluding special items. Third ...
Minerals Technologies Inc. Announces Investment to Support Significant Growth Opportunity in the Use of Renewable Fuels
Globenewswire· 2025-10-20 14:42
NEW YORK, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI”), a leading, technology-driven specialty minerals company, today announced an investment at its plant in Uşak City, Turkey to support the growth of its Rafinol™ line of products for the natural oil purification market. Rafinol™ is supplied from the Uşak plant, which is dedicated to the mining and manufacture of adsorbents and bleaching earth used for the purification of both renewable fuels and edible oils. “This inves ...
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]