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Minerals Technologies Inc - MTX STOCK NEWS

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.

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Minerals Technologies Inc. (MTI) will release its second quarter results on July 27, 2023, followed by a conference call on July 28, 2023, to discuss the results.
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Minerals Technologies Inc. (NYSE: MTX) announced that its subsidiary, Barretts Minerals Inc., will exit the talc business. In 2022, BMI’s talc net sales were approximately $57 million and represented 2.7 percent of the Company’s consolidated revenue. BMI is exploring structural alternatives, including a potential sale of talc assets, and has engaged Jefferies LLC to manage the divestment process.
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Minerals Technologies Inc. (NYSE: MTX) announced on April 18, 2023, the signing of three long-term supply agreements for precipitated calcium carbonate (PCC) with major paper companies in India and China. The agreements, with Andhra Paper Limited, Nine Dragons Paper, and Zhejiang Zhefeng New Materials, will lead to the establishment of on-site PCC satellite plants, generating over 180,000 metric tons of PCC annually. Operations will commence in late 2023 and early 2024, enhancing MTI's Specialty Additives product line. With a focus on sustainability, the India plant will utilize NewYield® LO PCC technology, improving the efficiency of paper mills. MTI continues to leverage its 53 satellite plants worldwide, reaffirming its position as an industry leader in paper and packaging filler technologies.

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Minerals Technologies Inc. (NYSE: MTX) announced the release of its fourth quarter financial results for the period ending April 2, 2023. The results will be made available on April 27, 2023, after market closure. A conference call to discuss these findings is scheduled for April 28, 2023, at 11:00 a.m. Eastern Time. Investors can access the live webcast via the company's investor relations website.

Minerals Technologies is a leading specialty minerals company, recognized for its technology-driven approach in developing and marketing an extensive array of mineral-based products. In 2022, the company reported global sales of $2.1 billion, serving diverse markets such as household and personal care, paper and packaging, foundry, and environmental solutions.

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Minerals Technologies (NYSE: MTX) is set to host its Investor Day on May 24, 2023, from 8:30 a.m. to 11:30 a.m. EST at the New York Stock Exchange. This event will showcase the company's transformation over the past five years and its focus on sustainable growth. Chairman and CEO Douglas T. Dietrich will detail business positions, growth drivers, and how the new operating structure aims to enhance stakeholder value. Participants can access the live webcast at investors.mineralstech.com, and a replay will be available post-event. In 2022, Minerals Technologies reported global sales of $2.1 billion, serving diverse markets including personal care and environmental solutions.

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FAQ

What is the current stock price of Minerals Technologies (MTX)?

The current stock price of Minerals Technologies (MTX) is $76.05 as of December 23, 2024.

What is the market cap of Minerals Technologies (MTX)?

The market cap of Minerals Technologies (MTX) is approximately 2.4B.

What are the main business segments of Minerals Technologies Inc.?

MTI operates through five main segments: Specialty Minerals, Refractories, Performance Materials, Construction Technologies, and Energy Services.

What types of products does MTI's Specialty Minerals segment offer?

The Specialty Minerals segment offers products such as calcium carbonate, limestone, and talc for industries including paper, building materials, paint, automotive, and pharmaceuticals.

How does MTI's Performance Materials segment serve the market?

The Performance Materials segment markets bentonite used in steel alloy casting and household products, including cat litter.

What recent financial performance highlights has MTI reported?

MTI reported record sales and operating income for Q3 2023 and continued strong performance in Q1 2024, driven by growth in high-margin products.

How did MTI address the liabilities associated with Barretts Minerals Inc.?

MTI's subsidiary, Barretts Minerals Inc., filed for Chapter 11 bankruptcy to address and resolve liabilities related to talc.

What strategic initiatives has MTI announced recently?

MTI announced an increase in its quarterly dividend and a new share repurchase program, reflecting strong financial performance and commitment to shareholders.

What industries does MTI serve?

MTI serves a wide range of industries, including household, food and pharmaceutical, paper, packaging, automotive, construction, and environmental markets.

What is the significance of MTI’s Chapter 11 filing for Barretts Minerals Inc.?

The Chapter 11 filing allows MTI to address Barretts Minerals Inc.'s talc liabilities efficiently, enabling the company to focus on its strategic priorities.

Who are the executive leaders of Minerals Technologies Inc.?

The executive leadership includes Douglas Dietrich, Chairman of the Board and Chief Executive Officer.

Where can I find the latest financial reports and updates on MTI?

The latest financial reports and updates can be found on MTI's official website and their investor relations page.

Minerals Technologies Inc

NYSE:MTX

MTX Rankings

MTX Stock Data

2.41B
31.54M
1.09%
98.61%
1.34%
Specialty Chemicals
Industrial Inorganic Chemicals
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United States of America
NEW YORK