MTI(US:MTX)2025-04-25 23:38Financial Performance Overview - Sales decreased by 8% to $492 million compared to the first quarter of the previous year[6, 12] - Operating income decreased by 18% to $63 million compared to the first quarter of the previous year[6, 12] - Operating margin was 129%, a decrease of 160 basis points[6] - Earnings per share (EPS) was $114[6] Segment Performance - Consumer & Specialties segment sales were $268 million in Q1 2025[16] - Engineered Solutions segment sales were $224 million in Q1 2025[24] Balance Sheet and Liquidity - Working capital increased to $569 million in Q1 2025[32] - Net debt decreased slightly to $674 million in Q1 2025, a 1% decrease[34] - Net leverage ratio was 17x EBITDA[34] - Total liquidity was $684 million, including $312 million in cash and equivalents and $372 million available from the revolver[32] Outlook - Second quarter sales are projected to be between $520 million and $535 million, representing a 5% to 10% increase[37, 38] - Second quarter operating income is expected to be approximately $75 million[37] - Second quarter EPS is projected to be around $140[37]