Minerals Technologies Inc. Announces 2026 First Quarter Financial Results
Rhea-AI Summary
Minerals Technologies (NYSE: MTX) reported Q1 2026 results: net sales $547 million (up 11% YoY) and EPS $1.17 ($1.38 excluding special items, +21% YoY). Reported operating income was $59 million ($68 million ex-special items) with operating margin 10.7% (12.3% ex-special items).
Both Consumer & Specialties and Engineered Solutions segments posted volume-driven sales gains; a conference call and presentation are scheduled May 1, 2026.
Positive
- Net sales of $547 million, up 11% year-over-year
- EPS of $1.17 (or $1.38 excluding special items), +21% YoY
- Segment operating income: Consumer & Specialties $33 million, Engineered Solutions $39 million
Negative
- Reported operating income $59 million below the $68 million
- Subsidiaries filed voluntary Chapter 11 petitions, noted as a material legal matter
Market Reaction – MTX
Following this news, MTX has declined 5.29%, reflecting a notable negative market reaction. Our momentum scanner has triggered 5 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $71.94. This price movement has removed approximately $132M from the company's valuation.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
Market Reality Check
Peers on Argus
While MTX fell 3.27%, peers like ASH, NGVT, CC, IOSP, and KWR all showed positive price changes, indicating today’s move was stock-specific rather than sector-driven.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 29 | Q4 and full-year earnings | Neutral | +0.8% | Q4 EPS with strong ex‑items results but full-year loss from talc reserve. |
| Oct 23 | Q3 earnings | Positive | -2.9% | Record Q3 EPS and solid margins, yet shares declined on the news. |
| Jul 24 | Q2 earnings | Positive | +10.6% | Strong EPS, higher sales, improved margins, and solid cash generation. |
| Apr 24 | Q1 earnings | Negative | -9.9% | Large talc-related reserve drove per-share loss and sales declined across segments. |
| Apr 17 | Earnings preview and legal update | Negative | -1.3% | Talc reserve announcement and preliminary results below guidance with cost-savings plan. |
Earnings reactions have mostly aligned with the tone of results, with one notable negative divergence on strong Q3 2025 earnings.
Recent earnings news for MTX has focused on recovering operations and managing talc-related liabilities. In Q1 2025 and the related Chapter 11 update, large reserves and softer demand drove negative share reactions. Subsequent quarters in 2025 showed stronger EPS, higher operating income, and improved margins, with Q2 2025 prompting a double‑digit positive move and Q4 2025 a modest gain. Today’s Q1 2026 earnings continue that theme of solid operating performance after prior charges.
Historical Comparison
Across recent earnings releases, MTX’s average next‑day move was about -0.55%, showing mixed but generally modest reactions even when operational trends improved.
Earnings updates moved from talc‑driven losses and demand softness in early 2025 toward stronger EPS, higher sales, and improved margins in later 2025, with Q1 2026 continuing the narrative of operational recovery.
Market Pulse Summary
The stock is down -5.3% following this news. A negative reaction despite strong operational metrics fits MTX’s mixed history around earnings, where even record or improving quarters sometimes saw selling pressure. Q1 2026 featured higher EPS, 11% sales growth, and better segment performance, yet the stock previously averaged around -0.55% on earnings days. Investors may remain cautious given earlier talc‑related reserves, Chapter 11 proceedings at a subsidiary, and broader macro or energy‑cost concerns highlighted by management.
Key Terms
chapter 11 regulatory
AI-generated analysis. Not financial advice.
- Earnings per share of
$1.17 , or$1.38 excluding special items, representing a21% increase over the prior year 11% sales growth over prior year and5% over prior quarter- Strong sales growth in both segments, momentum continuing in Q2
NEW YORK, April 30, 2026 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI”), a leading, technology-driven specialty minerals company, today reported earnings per share for the first quarter ended April 5, 2026, of
“In the first quarter, our sales grew by double digits across multiple businesses, underscoring the momentum we have built in recent quarters. Supported by our innovation pipeline and recent growth investments, we expect this momentum to continue through the year,” said Douglas T. Dietrich, MTI’s Chairman and Chief Executive Officer. “Recent geopolitical events presented new challenges; however, consistent with our track record, our teams moved quickly to make the necessary adjustments to navigate higher global energy costs.”
First Quarter 2026 Consolidated Results
In the first quarter, MTI’s worldwide net sales were
Reported operating income was
First Quarter 2026 Segment Results
Consumer & Specialties segment sales were
Segment reported operating income was
MTI’s Consumer & Specialties segment provides functional components that become part of a variety of consumer and industrial products and touch millions of lives every day. It includes two product lines: Household & Personal Care, which delivers mineral-to-market products for improved performance and enhanced consumer experiences in end markets including cat litter, household and personal care, edible oil and renewable fuel purification, animal health, and agriculture; and Specialty Additives, which offers mineral-based technologies for improved functionality in end markets including paper and packaging, food and pharmaceuticals, sealants and adhesives, paints and coatings, and residential construction.
Engineered Solutions segment sales were
Segment reported operating income was
MTI’s Engineered Solutions segment provides advanced technologies and solutions designed to improve customers’ manufacturing processes and projects. It includes two product lines: High-Temperature Technologies, which delivers mineral-based blends, technologies, and systems that solve complex challenges in the foundry, steel, and other high-temperature processing industries; and Environmental & Infrastructure, which offers solutions for water treatment, fluid management, building materials, and environmental, remediation, and infrastructure-related projects.
MTI will host a conference call tomorrow, May 1, 2026, at 11 a.m. Eastern Time. The live earnings webcast can be accessed at https://investors.mineralstech.com/quarterly-results-conference-calls. A presentation for the call will be available at the same location at approximately 10:30 a.m. Eastern Time on May 1, 2026.
FORWARD-LOOKING STATEMENTS
This press release may contain "forward‐looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations and forecasts of future events such as new products, revenues, and financial performance, and are not limited to describing historical or current facts. They can be identified by the use of words such as “believes,” “expects,” “plans,” “intends,” “anticipates,” and other words and phrases of similar meaning. Forward-looking statements are necessarily based on assumptions, estimates, and limited information available at the time they are made. A broad variety of risks and uncertainties, both known and unknown, as well as the inaccuracy of assumptions and estimates, can affect the realization of the expectations or forecasts in these statements. Actual future results may vary materially. Significant factors that could affect the expectations and forecasts include worldwide general economic, business, and industry conditions; the cyclicality of our customers’ businesses and their changing regional demands; our ability to compete in very competitive industries; consolidation in customer industries, principally paper, foundry, and steel; our ability to renew or extend long term sales contracts for our satellite operations; our ability to generate cash to service our debt; our ability to comply with the covenants in the agreements governing our debt; our ability to effectively achieve and implement our growth initiatives or consummate the transactions described in the statements; our ability to successfully develop new products; our ability to defend our intellectual property; the increased risks of doing business abroad; the availability of raw materials and access to ore reserves at our mining operations, or increases in costs of raw materials, energy, or shipping; compliance with or changes to regulation in the areas of environmental, health and safety, and tax; risks and uncertainties related to the voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code filed by our subsidiaries BMI OldCo Inc. (f/k/a Barretts Minerals Inc.) and Barretts Ventures Texas LLC; claims for legal, environmental, and tax matters or product stewardship issues; operating risks and capacity limitations affecting our production facilities; seasonality of some of our businesses; cybersecurity and other threats relating to our information technology systems; and other risk factors and cautionary statements in our 2025 Annual Report on Form 10‐K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward‐looking statement, whether as a result of new information, future events, or otherwise.
About Minerals Technologies Inc.
Minerals Technologies Inc. (NYSE:MTX) is a global, technology-driven specialty minerals company that sources, manufactures, sells, and distributes a wide range of minerals and mineral-based products and services. We utilize our global mineral reserves, combined with our core technologies and applications, to deliver innovative products that are an essential part of everyday life. We serve customers in consumer and industrial markets worldwide, have 4,000 employees in 34 countries, and reported global sales of
Investor Relations Contact
Lydia Kopylova
lydia.kopylova@mineralstech.com
Media Contact
Stephanie Heise
stephanie.heise@mineralstech.com
| MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | |||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) | |||||||||||||||||
| (in millions of dollars, except per share data) | |||||||||||||||||
| (unaudited) | |||||||||||||||||
| Quarter Ended | % Growth | ||||||||||||||||
| Apr. 5, | Dec. 31, | Mar. 30, | |||||||||||||||
| 2026 | 2025 | 2025 | Prior Qtr. | Prior Year | |||||||||||||
| Net sales | $ | 546.9 | $ | 519.5 | $ | 491.8 | 5 | % | 11 | % | |||||||
| Cost of goods sold | 415.8 | 395.0 | 372.2 | 5 | % | 12 | % | ||||||||||
| Production margin | 131.1 | 124.5 | 119.6 | 5 | % | 10 | % | ||||||||||
| Marketing and administrative expenses | 57.5 | 52.2 | 50.6 | 10 | % | 14 | % | ||||||||||
| Research and development expenses | 6.1 | 5.8 | 5.8 | 5 | % | 5 | % | ||||||||||
| Provision for litigation accrual and credit losses | 0.0 | 0.0 | 215.0 | * | * | ||||||||||||
| Restructuring and other items | 0.0 | 3.7 | 5.5 | * | * | ||||||||||||
| Gain on sale of assets, net | 0.0 | (4.3 | ) | 0.0 | * | * | |||||||||||
| Litigation expenses | 8.8 | 5.1 | 2.8 | 73 | % | 214 | % | ||||||||||
| Income (loss) from operations | 58.7 | 62.0 | (160.1 | ) | (5 | )% | * | ||||||||||
| Interest expense, net | (13.3 | ) | (12.9 | ) | (14.2 | ) | 3 | % | (6 | )% | |||||||
| Other non-operating income (deductions), net | 0.5 | (2.5 | ) | (2.0 | ) | * | * | ||||||||||
| Total non-operating deductions, net | (12.8 | ) | (15.4 | ) | (16.2 | ) | (17 | )% | (21 | )% | |||||||
| Income (loss) before tax and equity in earnings | 45.9 | 46.6 | (176.3 | ) | (2 | )% | * | ||||||||||
| Provision (benefit) for taxes on income | 9.9 | 9.6 | (32.1 | ) | 3 | % | * | ||||||||||
| Equity in earnings of affiliates, net of tax | 1.3 | 1.4 | 1.2 | (7 | )% | 8 | % | ||||||||||
| Net income (loss) | 37.3 | 38.4 | (143.0 | ) | (3 | )% | * | ||||||||||
| Less: Net income attributable to non-controlling interests | 1.1 | 1.3 | 1.0 | (15 | )% | 10 | % | ||||||||||
| Net income (loss) attributable to Minerals Technologies Inc. (MTI) | $ | 36.2 | $ | 37.1 | $ | (144.0 | ) | (2 | )% | * | |||||||
| Weighted average number of common shares outstanding: | |||||||||||||||||
| Basic | 31.0 | 31.1 | 31.9 | ||||||||||||||
| Diluted | 31.0 | 31.1 | 31.9 | ||||||||||||||
| Earnings (loss) per share attributable to MTI: | |||||||||||||||||
| Basic | $ | 1.17 | $ | 1.19 | $ | (4.51 | ) | (2 | )% | * | |||||||
| Diluted | $ | 1.17 | $ | 1.19 | $ | (4.51 | ) | (2 | )% | * | |||||||
| Cash dividends declared per common share | $ | 0.12 | $ | 0.12 | $ | 0.11 | |||||||||||
| * Percentage not meaningful | |||||||||||||||||
| MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | |||||||||||||
| NOTES TO CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) | |||||||||||||
| 1 | ) | For comparative purposes, the quarterly periods ended April 5, 2026, December 31, 2025, and March 30, 2025 consisted of 95 days, 94 days, and 89 days, respectively. | |||||||||||
| 2 | ) | To supplement the Company's consolidated financial statements presented in accordance with GAAP, the following is a presentation of the Company's non-GAAP earnings per share, excluding special items, for the quarterly periods ended April 5, 2026, December 31, 2025 and March 30, 2025, and a reconciliation to reported earnings per share for such periods. The Company's management believes these non-GAAP measures provide meaningful supplemental information regarding its performance as inclusion of such special items are not indicative of the ongoing operating results and thereby affect the comparability of results between periods. The Company believes inclusion of these non-GAAP measures also provides consistency in its financial reporting and facilitates investors' understanding of historic operating trends. | |||||||||||
| (in millions of dollars, except per share data) | Quarter Ended | ||||||||||||
| Apr. 5, | Dec. 31, | Mar. 30, | |||||||||||
| 2026 | 2025 | 2025 | |||||||||||
| Net income (loss) attributable to MTI | $ | 36.2 | $ | 37.1 | $ | (144.0 | ) | ||||||
| % of sales | 6.6 | % | 7.1 | % | * | ||||||||
| Special items: | |||||||||||||
| Provision for litigation accrual and credit losses | 0.0 | 0.0 | 215.0 | ||||||||||
| Restructuring and other items | 0.0 | 3.7 | 5.5 | ||||||||||
| Gain on sale of assets, net | 0.0 | (4.3 | ) | 0.0 | |||||||||
| Litigation expenses | 8.8 | 5.1 | 2.8 | ||||||||||
| Related tax effects on special items | (2.2 | ) | (2.2 | ) | (42.9 | ) | |||||||
| Net income attributable to MTI, excluding special items | $ | 42.8 | $ | 39.4 | $ | 36.4 | |||||||
| % of sales | 7.8 | % | 7.6 | % | 7.4 | % | |||||||
| Diluted earnings per share, excluding special items | $ | 1.38 | $ | 1.27 | $ | 1.14 | |||||||
| * Percentage not meaningful | |||||||||||||
| In the first quarter of 2025, the Company recorded a | |||||||||||||
| In the fourth quarter of 2025, the Company recorded | |||||||||||||
| In the fourth quarter of 2025, the Company recorded a | |||||||||||||
| 3 | ) | Free cash flow is defined as cash flow from operations less capital expenditures. The following is a presentation of the Company's non-GAAP free cash flow for the quarterly periods ended April 5, 2026, December 31, 2025, and March 30, 2025 and a reconciliation to cash flow from operations for such periods. The Company's management believes this non-GAAP measure provides meaningful supplemental information as management uses this measure to evaluate the Company's ability to maintain capital assets, satisfy current and future obligations, repurchase stock, pay dividends and fund future business opportunities. Free cash flow is not a measure of cash available for discretionary expenditures since the Company has certain non-discretionary obligations such as debt service that are not deducted from the measure. The Company's definition of free cash flow may not be comparable to similarly titled measures reported by other companies. | |||||||||||
| Quarter Ended | |||||||||||||
| (in millions of dollars) | Apr. 5, | Dec. 31, | Mar. 30, | ||||||||||
| 2026 | 2025 | 2025 | |||||||||||
| Cash flow from operations | $ | 32.1 | $ | 64.3 | $ | (4.4 | ) | ||||||
| Capital expenditures | 23.1 | 32.4 | 18.3 | ||||||||||
| Free cash flow | $ | 9.0 | $ | 31.9 | $ | (22.7 | ) | ||||||
| Depreciation, depletion, and amortization expense | $ | 24.9 | $ | 23.3 | $ | 23.5 | |||||||
| 4 | ) | “Adjusted EBITDA” is a non-GAAP financial measure and refers to earnings before interest, taxes, depreciation and amortization (EBITDA), excluding special items. The following is a presentation of the Company's non-GAAP EBITDA and Adjusted EBITDA for the quarterly periods ended April 5, 2026, December 31, 2025, and March 30, 2025 and a reconciliation to net income for such periods. The Company's management believes these non-GAAP measures provide meaningful supplemental information regarding its performance and facilitates investors' understanding of historic operating trends. | |||||||||||
| Quarter Ended | |||||||||||||
| (in millions of dollars) | Apr. 5, | Dec. 31, | Mar. 30, | ||||||||||
| 2026 | 2025 | 2025 | |||||||||||
| Net income (loss) attributable to MTI | $ | 36.2 | $ | 37.1 | $ | (144.0 | ) | ||||||
| Add back: | |||||||||||||
| Depreciation, depletion, and amortization expense | 24.9 | 23.3 | 23.5 | ||||||||||
| Interest expense, net | 13.3 | 12.9 | 14.2 | ||||||||||
| Equity in earnings of affiliates, net of tax | (1.3 | ) | (1.4 | ) | (1.2 | ) | |||||||
| Net income attributable to non-controlling interests | 1.1 | 1.3 | 1.0 | ||||||||||
| Provision (benefit) for taxes on income | 9.9 | 9.6 | (32.1 | ) | |||||||||
| EBITDA | 84.1 | 82.8 | (138.6 | ) | |||||||||
| Add special items: | |||||||||||||
| Provision for litigation accrual and credit losses | 0.0 | 0.0 | 215.0 | ||||||||||
| Restructuring and other items | 0.0 | 3.7 | 5.5 | ||||||||||
| Gain on sale of assets, net | 0.0 | (4.3 | ) | 0.0 | |||||||||
| Litigation expenses | 8.8 | 5.1 | 2.8 | ||||||||||
| Adjusted EBITDA | $ | 92.9 | $ | 87.3 | $ | 84.7 | |||||||
| % of sales | 17.0 | % | 16.8 | % | 17.2 | % | |||||||
| 5 | ) | The following table reflects the components of non-operating income and deductions: | |||||||||||
| (in millions of dollars) | Quarter Ended | ||||||||||||
| Apr. 5, | Dec. 31, | Mar. 30, | |||||||||||
| 2026 | 2025 | 2025 | |||||||||||
| Interest income | $ | 1.3 | $ | 1.7 | $ | 1.2 | |||||||
| Interest expense | (14.6 | ) | (14.6 | ) | (15.4 | ) | |||||||
| Foreign exchange gains (losses) | 1.4 | (2.0 | ) | (0.2 | ) | ||||||||
| Other deductions | (0.9 | ) | (0.5 | ) | (1.8 | ) | |||||||
| Non-operating deductions, net | $ | (12.8 | ) | $ | (15.4 | ) | $ | (16.2 | ) | ||||
| 6 | ) | The analyst conference call to discuss operating results for the first quarter is scheduled for Friday, May 1, 2026 at 11:00 am and will be broadcast over the Company's website (www.mineralstech.com). The broadcast will remain on the Company's website for no less than one year. | |||||||||||
| MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | ||||||||||||||||||||||||||
| SUPPLEMENTARY DATA | ||||||||||||||||||||||||||
| (in millions of dollars) | ||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||
| Quarter Ended | % Growth | |||||||||||||||||||||||||
| SALES DATA | Apr. 5, | % of | Dec. 31, | % of | Mar. 30, | % of | ||||||||||||||||||||
| 2026 | Total Sales | 2025 | Total Sales | 2025 | Total Sales | Prior Qtr. | Prior Year | |||||||||||||||||||
| United States | $ | 280.6 | 51 | % | $ | 257.4 | 50 | % | $ | 262.4 | 53 | % | 9 | % | 7 | % | ||||||||||
| International | 266.3 | 49 | % | 262.1 | 50 | % | 229.4 | 47 | % | 2 | % | 16 | % | |||||||||||||
| Net Sales | $ | 546.9 | 100 | % | $ | 519.5 | 100 | % | $ | 491.8 | 100 | % | 5 | % | 11 | % | ||||||||||
| Household & Personal Care | $ | 142.4 | 26 | % | $ | 132.5 | 26 | % | $ | 123.1 | 25 | % | 7 | % | 16 | % | ||||||||||
| Specialty Additives | 154.2 | 28 | % | 141.8 | 27 | % | 145.2 | 30 | % | 9 | % | 6 | % | |||||||||||||
| Consumer & Specialties Segment | $ | 296.6 | 54 | % | $ | 274.3 | 53 | % | $ | 268.3 | 55 | % | 8 | % | 11 | % | ||||||||||
| High-Temperature Technologies | $ | 183.3 | 34 | % | $ | 178.0 | 34 | % | $ | 169.4 | 34 | % | 3 | % | 8 | % | ||||||||||
| Environmental & Infrastructure | 67.0 | 12 | % | 67.2 | 13 | % | 54.1 | 11 | % | (0 | )% | 24 | % | |||||||||||||
| Engineered Solutions Segment | $ | 250.3 | 46 | % | $ | 245.2 | 47 | % | $ | 223.5 | 45 | % | 2 | % | 12 | % | ||||||||||
| MTI Consolidated Net Sales | $ | 546.9 | 100 | % | $ | 519.5 | 100 | % | $ | 491.8 | 100 | % | 5 | % | 11 | % | ||||||||||
| MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | |||||||||||||||||
| SUPPLEMENTARY DATA | |||||||||||||||||
| (in millions of dollars) | |||||||||||||||||
| (unaudited) | |||||||||||||||||
| Quarter Ended | % Growth | ||||||||||||||||
| Apr. 5, | Dec. 31, | Mar. 30, | Prior | Prior | |||||||||||||
| SEGMENT OPERATING INCOME (LOSS) DATA | 2026 | 2025 | 2025 | Qtr. | Year | ||||||||||||
| Consumer & Specialties Segment | $ | 32.5 | $ | 25.3 | $ | 27.5 | 28 | % | 18 | % | |||||||
| % of Sales | 11.0 | % | 9.2 | % | 10.2 | % | |||||||||||
| Engineered Solutions Segment | $ | 39.3 | $ | 44.5 | $ | 33.6 | (12 | )% | 17 | % | |||||||
| % of Sales | 15.7 | % | 18.1 | % | 15.0 | % | |||||||||||
| Unallocated and Other Corporate Expenses | $ | (13.1 | ) | $ | (7.8 | ) | $ | (221.2 | ) | * | * | ||||||
| MTI Consolidated | $ | 58.7 | $ | 62.0 | $ | (160.1 | ) | (5 | )% | * | |||||||
| % of Sales | 10.7 | % | 11.9 | % | * | ||||||||||||
| SPECIAL ITEMS | |||||||||||||||||
| Consumer & Specialties Segment | $ | - | $ | 3.7 | $ | 2.5 | * | * | |||||||||
| Engineered Solutions Segment | $ | - | $ | (4.3 | ) | $ | 0.8 | * | * | ||||||||
| Unallocated and Other Corporate Expenses | $ | 8.8 | $ | 5.1 | $ | 220.0 | * | * | |||||||||
| MTI Consolidated | $ | 8.8 | $ | 4.5 | $ | 223.3 | * | * | |||||||||
| To supplement the Company's consolidated financial statements presented in accordance with GAAP, the following is a presentation of the Company's non-GAAP operating income, excluding special items (set forth in the above table), for the quarterly periods ended April 5, 2026, December 31, 2025 and March 30, 2025, constituting a reconciliation to GAAP operating income (loss) set forth above. The Company's management believe these non-GAAP measures provide meaningful supplemental information regarding its performance as inclusion of such special items are not indicative of ongoing operating results and thereby affect the comparability of results between periods. The Company believes inclusion of these non-GAAP measures also provides consistency in its financial reporting and facilitates investors' understanding of historic operating trends. | |||||||||||||||||
| Quarter Ended | % Growth | ||||||||||||||||
| SEGMENT OPERATING INCOME, | Apr. 5, | Dec. 31, | Mar. 30, | ||||||||||||||
| EXCLUDING SPECIAL ITEMS | 2026 | 2025 | 2025 | Prior Qtr. | Prior Year | ||||||||||||
| Consumer & Specialties Segment | $ | 32.5 | $ | 29.0 | $ | 30.0 | 12 | % | 8 | % | |||||||
| % of Sales | 11.0 | % | 10.6 | % | 11.2 | % | |||||||||||
| Engineered Solutions Segment | $ | 39.3 | $ | 40.2 | $ | 34.4 | (2 | )% | 14 | % | |||||||
| % of Sales | 15.7 | % | 16.4 | % | 15.4 | % | |||||||||||
| Unallocated and Other Corporate Expenses | $ | (4.3 | ) | $ | (2.7 | ) | $ | (1.2 | ) | 59 | % | 258 | % | ||||
| MTI Consolidated | $ | 67.5 | $ | 66.5 | $ | 63.2 | 2 | % | 7 | % | |||||||
| % of Sales | 12.3 | % | 12.8 | % | 12.9 | % | |||||||||||
| * Percentage not meaningful | |||||||||||||||||
| MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | |||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||
| (in millions of dollars) | |||||||
| ASSETS | |||||||
| April 5, | December 31, | ||||||
| 2026* | 2025** | ||||||
| Current assets: | |||||||
| Cash & cash equivalents | $ | 315.9 | $ | 329.0 | |||
| Short-term investments | 5.4 | 3.6 | |||||
| Accounts receivable, net | 412.7 | 400.1 | |||||
| Inventories | 357.9 | 350.2 | |||||
| Prepaid expenses and other current assets | 63.6 | 72.7 | |||||
| Total current assets | 1,155.5 | 1,155.6 | |||||
| Property, plant, and equipment | 2,317.4 | 2,308.9 | |||||
| Less accumulated depreciation | 1,290.8 | 1,283.9 | |||||
| Net property, plant, and equipment | 1,026.6 | 1,025.0 | |||||
| Goodwill | 915.6 | 915.9 | |||||
| Intangible assets | 205.5 | 208.7 | |||||
| Other assets and deferred charges | 162.1 | 163.8 | |||||
| Total assets | $ | 3,465.3 | $ | 3,469.0 | |||
| LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||
| Current liabilities: | |||||||
| Short-term debt | $ | 6.0 | $ | 0.4 | |||
| Current maturities of long-term debt | 6.2 | 6.3 | |||||
| Accounts payable | 199.7 | 187.9 | |||||
| Other current liabilities | 331.5 | 360.8 | |||||
| Total current liabilities | 543.4 | 555.4 | |||||
| Long-term debt | 954.0 | 955.0 | |||||
| Deferred income taxes | 90.8 | 90.7 | |||||
| Other non-current liabilities | 115.6 | 118.2 | |||||
| Total liabilities | 1,703.8 | 1,719.3 | |||||
| Total MTI shareholders' equity | 1,728.1 | 1,713.4 | |||||
| Non-controlling interests | 33.4 | 36.3 | |||||
| Total shareholders' equity | 1,761.5 | 1,749.7 | |||||
| Total liabilities and shareholders' equity | $ | 3,465.3 | $ | 3,469.0 | |||
| * Unaudited | |||||||
| ** Condensed from audited financial statements. | |||||||
