Welcome to our dedicated page for Minerals Technologies news (Ticker: MTX), a resource for investors and traders seeking the latest updates and insights on Minerals Technologies stock.
Minerals Technologies Inc. (MTI) is a leading resource- and technology-based company that develops, produces, and markets a broad range of specialty mineral, mineral-based, and synthetic mineral products, as well as related systems and services worldwide. With its headquarters in New York, MTI operates across five major segments: Specialty Minerals, Refractories, Performance Materials, Construction Technologies, and Energy Services.
The Specialty Minerals segment focuses on products like calcium carbonate, limestone, and talc, which are integral to industries such as paper, building materials, paint, automotive, and pharmaceuticals. The Refractories segment deals with products and services for steel furnaces, offering monolithic refractory materials and specialty technologies. The Performance Materials segment markets bentonite used in steel alloy casting and household products, including cat litter.
MTI is strategically positioned with a diversified portfolio serving various consumer and industrial markets globally. From household and pharmaceutical products to packaging, automotive, construction, and environmental applications, MTI delivers essential solutions that enhance product performance across industries. The company reported global sales of $2.2 billion in 2023, reflecting its robust business model and effective market strategies.
Recently, MTI's subsidiary, Barretts Minerals Inc. (BMI), filed for Chapter 11 bankruptcy to address and resolve liabilities associated with talc. Despite this, MTI continues to operate its core businesses without disruptions. The company also announced a significant increase in its quarterly dividend and a new share repurchase program, reinforcing its commitment to returning value to shareholders.
MTI's financial strength is evident from its consistent performance. For the third quarter of 2023, the company reported record sales and operating income, highlighting its alignment with long-term targets. Furthermore, the first quarter of 2024 saw record operating income, driven by growth in high-margin products and strong operational performance. MTI's proactive approach to market challenges and strategic initiatives underscores its capacity for sustainable growth and profitability.
For more detailed information and the latest updates on MTI, please visit their official website.
Minerals Technologies (NYSE: MTX) has declared a regular quarterly dividend of $0.10 per share on its common stock. The dividend will be payable on September 06, 2024, to stockholders of record at the close of business on August 16, 2024. This announcement demonstrates MTI's commitment to returning value to shareholders through consistent dividend payments. The declaration of a quarterly dividend is often seen as a sign of financial stability and confidence in the company's future prospects.
Minerals Technologies (NYSE: MTX) announced it will release its second quarter 2024 results on July 25, 2024, after market close. The company will host a webcast conference call on July 26, 2024, at 11:00 a.m. Eastern Time to discuss the results. Investors can access the call via the company's website.
Minerals Technologies (NYSE: MTX) will participate in two upcoming investor conferences. CEO Douglas T. Dietrich will present at the Wells Fargo Industrials Conference in Chicago on June 11, 2024, at 11:15 AM ET. The company will also attend the CJS Securities 24th Annual New Ideas Summer Conference in White Plains on July 10, 2024. The latter event will feature presentations by CEO Douglas T. Dietrich, CFO Erik Aldag, and VP of Investor Relations Lydia Kopylova. Presentation materials will be available on the MTX Events & Presentations page.
Minerals Technologies (NYSE: MTX) has announced a regular quarterly dividend of $0.10 per share on its common stock.
The dividend will be paid on June 13, 2024, to shareholders who are on record as of May 31, 2024.
This marks the company's continued commitment to return value to its shareholders.
Minerals Technologies Inc. (NYSE: MTX) announced the completion of the sale of its subsidiary, Barretts Minerals Inc.'s talc assets to Riverspan Partners for $32 million. The sale was approved by the United States Bankruptcy Court for the Southern District of Texas as part of Barretts Minerals Inc.'s Chapter 11 process. The proceeds will fund the ongoing case and the creation of a section 524(g) trust. The sale allows MTI to focus on its long-term strategic objectives. Riverspan Partners, a Chicago-based investment firm, is committed to the growth and success of Barretts Minerals.
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