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 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.
Minerals Technologies Inc. (NYSE: MTX) announced the election of Rocky Motwani to its Board of Directors. Motwani brings over 20 years of diverse experience in financial services, technology, and entrepreneurship, enhancing MTI's board with fresh insights. His previous roles include positions at JLL, McKinsey & Company, and J.P. Morgan, where he contributed to significant technological advancements. MTI, a global resource and technology company, reported sales of $1.9 billion in 2021 and focuses on serving various industries including consumer products and environmental sectors.
Minerals Technologies declared a quarterly dividend of $0.05 per share on its common stock. This dividend will be payable on June 16, 2022, to stockholders of record as of June 2, 2022. The company reported sales of $1.9 billion in 2021 and operates globally, offering specialty mineral products for various industries including consumer products and construction.
Minerals Technologies Inc. (MTX) reported a record first quarter for 2022, with sales of $519 million, reflecting a 15% increase year-over-year. Diluted EPS reached $1.36 excluding special items, up 16% from the previous year. Operating income was $66 million, also a record, growing 15% year-over-year. The company returned $18 million to shareholders through share repurchases and dividends. CEO Douglas T. Dietrich highlighted successful growth initiatives and solid performance across all segments, projecting continued growth throughout 2022.
Minerals Technologies Inc. (NYSE: MTX) will release its first-quarter financial results on April 28, 2022, after market close. A conference call to discuss the results is scheduled for April 29, 2022, at 11:00 a.m. Eastern Time, available via webcast on the company's website. MTI is a global leader in specialty mineral products, reporting sales of $1.9 billion in 2021. For more details, visit www.mineralstech.com.
Minerals Technologies reported a strong performance for the full year 2021, achieving a record EPS of $5.02, up 26% from the previous year, and sales of $1.86 billion, a 17% increase. The fourth quarter saw EPS of $1.25, 16% above last year, with sales reaching $477 million. Cash flow from operations was $232 million for the year, and the company expanded its consumer portfolio through the acquisition of Normerica. Despite facing logistics and inflationary challenges, management anticipates strong growth in 2022.
Minerals Technologies Inc. (NYSE: MTX) has announced a quarterly dividend of $0.05 per share on its common stock. This dividend is set to be paid on March 10, 2022, to shareholders recorded by February 17, 2022. The New York-based company specializes in a broad range of specialty minerals and reported sales of $1.6 billion in 2020. This announcement reinforces the company’s commitment to returning value to its shareholders.
Minerals Technologies Inc. (NYSE: MTX) will release its fourth-quarter results for the period ending December 31, 2021, on February 3, 2022, after market close. A conference call to discuss these results will occur on February 4, 2022, at 11:00 a.m. Eastern Time. The call will be accessible via the company's website. MTI, based in New York, provides specialty mineral products and services across various industries, with reported sales of $1.6 billion in 2020.
Minerals Technologies Inc. (MTX) has announced two long-term contracts to enhance its presence in the packaging market. The first agreement is with Asia Symbol to supply ground calcium carbonate (GCC) for their new white paperboard mill in China, expected to start operations in 2023. The second contract is with Seshasayee Paper and Boards Ltd to construct a 22,000 metric ton per year precipitated calcium carbonate (PCC) plant in India, scheduled to operate by late 2022. These contracts highlight MTX's strategy to expand geographically and diversify its product offerings.
Minerals Technologies Inc. (NYSE: MTX) reported strong third-quarter results for 2021, achieving an EPS of $1.30, up 41% year-over-year, and sales of $473.2 million, a 22% increase. Major contributions came from the acquisition of Normerica, adding $20 million to quarterly sales. Operating income rose 23% year-over-year to $60.6 million. The company demonstrated a cash flow from operations of $163.1 million, a 10% year-to-date improvement, enhanced by a new $75 million share repurchase program.
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