Minerals Technologies Inc

MTX

Equity

ISIN US6031581068 / Valor 952354

New York Stock Exchange, Inc (2025-03-13)

USD 66.53-0.79%

Minerals Technologies Inc
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About company

Minerals Technologies Inc. (MTI) is a global resource- and technology-based company that develops, produces, and markets a broad range of specialty mineral, mineral-based, and synthetic mineral products and related systems and services. The company's unique vertical integration strategy allows for a streamlined supply chain, from mining to market, leveraging its global production capabilities across 32 countries, alongside research and development facilities in 12 countries. This integration ensures efficient operations and the delivery of high-quality products to its customers worldwide. MTI serves various industries, including paper, foundry, steel, construction, environmental, and energy, providing innovative solutions tailored to meet specific customer needs. Through its extensive global footprint, MTI is positioned to supply its diverse portfolio of products and services efficiently, supporting the operational and sustainability goals of its clients across different sectors.

Summarized from source with an LLMView SourceSector: Industrials

Record Earnings Per Share

Minerals Technologies Inc. reported record earnings per share for the third quarter of 2024, ending September 29. The earnings per share were $1.45, or $1.51 when excluding special items, marking a significant achievement for the company.

Net Sales Performance

For the third quarter of 2024, Minerals Technologies Inc. reported worldwide net sales of $525 million. This figure represents a 4 percent decrease as reported, or a 2 percent decrease on an underlying basis compared to the previous year.

Operating Income Growth

The company achieved a record operating income of $79 million for the third quarter of 2024, excluding special items. This represents a 3 percent increase over the prior year and accounts for 15.1 percent of sales, reflecting the company's successful margin expansion strategy.

Dividend Increase and Share Repurchase

Minerals Technologies Inc. announced a 10 percent increase in its regular quarterly dividend, raising it to $0.11 per share. Additionally, the company authorized a new $200 million share repurchase program, demonstrating its commitment to returning value to shareholders.

Segment Results Overview

In the third quarter of 2024, the Consumer & Specialties segment saw sales of $280 million, a 1 percent increase on an underlying basis. Meanwhile, the Engineered Solutions segment reported sales of $244 million, a 5 percent decrease from the prior year, impacted by softer demand in certain markets.

Summarized from source with an LLMView Source

Key figures

-8.55%1Y

3.37%3Y

85.9%5Y

Performance

26.3%1Y

30.2%3Y

38.8%5Y

Volatility