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 Inc. (MTX) has declared a quarterly dividend of $0.05 per share on its common stock, set to be paid on March 9, 2023. Stockholders must be on record by February 16, 2023 to receive this dividend. MTX, based in New York, specializes in a wide range of mineral products and services across various industries including consumer products, construction, and energy. The company reported sales of $1.9 billion in 2021, showcasing its robust market presence and stability.
Minerals Technologies Inc. (NYSE: MTX) announced that it will release its fourth-quarter results for the period ended December 31, 2022, on February 2, 2023, after market close. A conference call to discuss the results will take place on February 3, 2023, at 11:00 a.m. Eastern Time, and will be accessible via webcast on the company's website. Minerals Technologies is a resource- and technology-based company offering specialty mineral products and related services across various industries, reporting $1.9 billion in sales for 2021.
Minerals Technologies Inc. (NYSE: MTX) has announced the promotion of Erik Aldag to Senior Vice President, Finance and Treasury, and Chief Financial Officer, succeeding Matthew Garth. Aldag, who joined MTI in 2017, has previously held roles in financial planning and investor relations. Chairman Douglas T. Dietrich expressed confidence in Aldag's capabilities to strengthen MTI's position as a global specialty minerals company. Aldag brings extensive experience in corporate finance and has a solid academic background, holding degrees from Boston University and Columbia University.
Minerals Technologies Inc. (MTX) reported Q3 2022 net sales of $542 million, a 15% increase year-over-year and 22% growth on a constant currency basis. Operating income was $36 million, or $67 million excluding special items. EPS was $1.35, up 4% from the prior year. The company returned $17 million to shareholders through repurchases and dividends. Despite challenges like higher energy costs and soft demand in Europe, MTX focused on cost control and operational discipline while extending debt maturities to 2027.
Minerals Technologies Inc. (NYSE: MTX) has declared a quarterly dividend of $0.05 per share. This dividend will be payable on December 8, 2022, to stockholders on record as of November 2, 2022. The company, based in New York, specializes in developing and marketing a wide range of specialty and synthetic mineral products across various industries, having reported sales of $1.9 billion in 2021. For more information, visit www.mineralstech.com.
Minerals Technologies Inc. (MTX) will announce its third quarter results for the period ending October 2, 2022, on October 27, 2022, post-market. A conference call to discuss these results is scheduled for October 28, 2022, at 11:00 a.m. Eastern Time. This call will be available via webcast on the company’s website. In 2021, MTI reported sales of $1.9 billion, serving various industries including consumer products, paper, and energy.
Minerals Technologies Inc. (MTX) reported a record second quarter for 2022, with sales of $557 million, representing a 22% year-over-year increase and a 27% rise on a constant currency basis. Operating income reached $69 million, or $74 million excluding special items, marking a 15% YoY growth. The company achieved EPS of $1.50 excluding special items, a 16% increase compared to the previous year. MTX also announced the acquisition of Concept Pet, enhancing its portfolio. Shareholders benefited from $26 million returned through repurchases and dividends.
Minerals Technologies Inc. (MTX) announced a quarterly dividend of $0.05 per share, payable on September 9, 2022, to stockholders recorded on August 19, 2022. In 2021, the company achieved sales of $1.9 billion, showcasing its role as a global provider of specialty mineral products across various industries including consumer products, paper, and construction.
Minerals Technologies Inc. (MTX) has scheduled its second-quarter results announcement for July 28, 2022, following market close. The conference call for discussing these results will take place on July 29, 2022, at 11:00 a.m. Eastern Time. Investors can access the webcast through the company's official website, where they will find further details under the 'Investor Relations' section. In 2021, MTI reported sales of $1.9 billion and continues to provide innovative mineral-based solutions across various industries.
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