Minerals Technologies Inc. Announces 2025 Fourth Quarter and Full Year Financial Results
Rhea-AI Summary
Minerals Technologies (NYSE: MTX) reported Q4 2025 EPS of $1.19 (or $1.27 excluding special items) on worldwide net sales of $520 million. Q4 operating income was $62 million ($67 million ex-special items); cash flow from operations was $64 million and free cash flow $32 million.
Full year 2025 net sales were $2.07 billion; reported operating income $47 million (2.3% of sales) versus $287 million excluding special items (13.9%). Reported loss per share was $0.59; EPS excluding special items was $5.52. A $215 million reserve for talc-related trust drove the reported loss.
Positive
- Operating income excluding special items of $287 million (13.9% margin)
- Engineered Solutions record operating income excluding special items of $163 million and margin 16.7%
- Returned $73 million to shareholders via dividends and repurchases
- Full-year cash flow from operations of $194 million and free cash flow of $87 million
Negative
- Reported full-year loss per share of $0.59 due to a $215 million talc-related reserve
- Large gap between reported operating income ($47 million) and ex-special items ($287 million)
Key Figures
Market Reality Check
Peers on Argus
MTX was down 1.3% pre-release while peers showed mixed moves: IOSP +2.69%, KWR +1.2%, NGVT -0.86%, ASH -1.18%, CC flat. This points to company-specific positioning rather than a clear sector trend.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 23 | Q3 2025 earnings | Positive | +1.6% | Record Q3 EPS ex-items, stable sales and strong segment margins. |
| Jul 24 | Q2 2025 earnings | Positive | +10.6% | Strong sequential EPS and revenue rebound with margin expansion. |
| Apr 24 | Q1 2025 earnings | Negative | -9.9% | Large EPS loss driven by talc reserve and weaker demand. |
| Apr 17 | Q1 prelim & legal | Negative | -1.3% | Reserve for talc claims and preliminary results below guidance. |
| Feb 06 | 2024 FY earnings | Positive | -3.1% | Record 2024 EPS and margins despite slight revenue decline. |
Earnings releases have generally led to meaningful moves, often positive on strong results, with one notable negative divergence despite strong 2024 figures.
Recent earnings-related news for MTX shows a mix of record profitability and one-off legal impacts. In Q4 2024, the company reported record full-year EPS and operating income. In Q1 2025, results were hit by a $215 million reserve tied to talc-related claims, driving a loss per share. Subsequent Q2 and Q3 2025 reports highlighted recovering sales, strong segment margins, and cash generation. Historically, these earnings updates moved the stock by an average of 5.29% over the following day.
Historical Comparison
In the past year, MTX’s five earnings-related releases moved the stock an average of 5.29%, with mostly aligned reactions and one negative divergence after record 2024 results.
Earnings history shows MTX progressing from record <b>2024</b> EPS and margins into <b>2025</b>, when a <b>$215 million</b> reserve for talc-related claims drove a Q1 loss, followed by sequential recovery in Q2 and Q3 with improving sales, cash flow, and segment profitability.
Market Pulse Summary
This announcement details MTX’s Q4 and full-year 2025 performance, highlighting segment sales, margins, and cash flow alongside a $215 million talc-related reserve that drove a reported loss. Investors reviewing this update may focus on earnings per share excluding special items, record Engineered Solutions profitability, trends in Consumer & Specialties volumes, and free cash flow of $87 million. Future results, demand patterns, and progress on legal matters remain key metrics to watch.
Key Terms
sustainable aviation fuel technical
AI-generated analysis. Not financial advice.
NEW YORK, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI”), a leading, technology-driven specialty minerals company, today reported earnings per share for the fourth quarter ended December 31, 2025, of
“This past year, MTI demonstrated our strength as a company through the resilience and ingenuity of our teams around the world. We navigated multiple market challenges while remaining focused on our growth projects and strategic initiatives,” said Douglas T. Dietrich, MTI’s Chairman and Chief Executive Officer. “The timely investments we made last year position us for a strong 2026. Furthermore, our financial strength, underpinned by a robust balance sheet, is a solid foundation to support organic and inorganic growth going forward.”
Fourth Quarter 2025 Consolidated Results
In the fourth quarter, MTI’s worldwide net sales were
Reported operating income was
Cash flow from operations was
Fourth Quarter 2025 Segment Results
Consumer & Specialties segment sales were
Segment reported operating income was
MTI’s Consumer & Specialties segment provides technologically enhanced products to consumer-driven end markets, including mineral-to-market household products as well as specialty additives that become functional components in a variety of consumer and industrial goods. The segment includes two product lines, Household & Personal Care and Specialty Additives.
Engineered Solutions segment sales were
Segment reported operating income was
MTI’s Engineered Solutions segment provides advanced process technologies and solutions that are designed to improve customers’ manufacturing processes and projects. The segment includes two product lines, High-Temperature Technologies and Environmental & Infrastructure.
Full Year 2025
Full year worldwide net sales were
Reported operating income was
Full year reported loss per share was
Cash flow from operations was
Consumer & Specialties segment sales were
Segment reported operating income was
Engineered Solutions segment sales were
Segment reported operating income was
MTI will host a conference call tomorrow, January 30, 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 January 30, 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 2024 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 develops, produces, and markets a wide range of minerals and mineral-based products and services. We utilize global mineral reserves with our core technologies and applications to deliver innovative solutions for products that are 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 | Twelve Months Ended | % Growth | ||||||||||||||||||||||||||
| Dec. 31, | Sep. 28, | Dec. 31, | Prior | Prior | Dec. 31, | Dec. 31, | Prior | ||||||||||||||||||||||
| 2025 | 2025 | 2024 | Qtr. | Year | 2025 | 2024 | Year | ||||||||||||||||||||||
| Net sales | $ | 519.5 | $ | 532.4 | $ | 518.1 | (2 | )% | 0 | % | $ | 2,072.6 | $ | 2,118.5 | (2 | )% | |||||||||||||
| Cost of goods sold | 395.0 | 395.4 | 385.4 | (0 | )% | 2 | % | 1,554.6 | 1,570.8 | (1 | )% | ||||||||||||||||||
| Production margin | 124.5 | 137.0 | 132.7 | (9 | )% | (6 | )% | 518.0 | 547.7 | (5 | )% | ||||||||||||||||||
| Marketing and administrative expenses | 52.2 | 53.0 | 52.8 | (2 | )% | (1 | )% | 208.0 | 209.2 | (1 | )% | ||||||||||||||||||
| Research and development expenses | 5.8 | 5.6 | 5.7 | 4 | % | 2 | % | 22.9 | 23.0 | (0 | )% | ||||||||||||||||||
| Provision for litigation reserve and credit losses | 0.0 | 0.0 | 0.0 | * | * | 215.0 | 30.0 | * | |||||||||||||||||||||
| Restructuring and other items | 3.7 | 0.0 | 0.0 | * | * | 15.0 | 0.0 | * | |||||||||||||||||||||
| Gain on sale of assets, net | (4.3 | ) | 0.0 | (12.3 | ) | * | (65 | )% | (9.9 | ) | (12.3 | ) | (20 | )% | |||||||||||||||
| Litigation expenses | 5.1 | 7.5 | 2.4 | (32 | )% | 113 | % | 19.6 | 11.3 | 73 | % | ||||||||||||||||||
| Income from operations | 62.0 | 70.9 | 84.1 | (13 | )% | (26 | )% | 47.4 | 286.5 | (83 | )% | ||||||||||||||||||
| Interest expense, net | (12.9 | ) | (13.8 | ) | (12.6 | ) | (7 | )% | 2 | % | (54.5 | ) | (56.4 | ) | (3 | )% | |||||||||||||
| Debt extinguishment expenses | 0.0 | 0.0 | (1.8 | ) | * | * | 0.0 | (1.8 | ) | * | |||||||||||||||||||
| Other non-operating deductions, net | (2.5 | ) | (0.5 | ) | (0.3 | ) | * | * | (6.9 | ) | (4.7 | ) | 47 | % | |||||||||||||||
| Total non-operating deductions, net | (15.4 | ) | (14.3 | ) | (14.7 | ) | 8 | % | 5 | % | (61.4 | ) | (62.9 | ) | (2 | )% | |||||||||||||
| Income (loss) before tax and equity in earnings | 46.6 | 56.6 | 69.4 | (18 | )% | (33 | )% | (14.0 | ) | 223.6 | * | ||||||||||||||||||
| Provision for taxes on income | 9.6 | 13.5 | 16.2 | (29 | )% | (41 | )% | 4.9 | 59.4 | (92 | )% | ||||||||||||||||||
| Equity in earnings of affiliates, net of tax | 1.4 | 1.1 | 1.5 | 27 | % | (7 | )% | 4.9 | 6.7 | (27 | )% | ||||||||||||||||||
| Net income (loss) | 38.4 | 44.2 | 54.7 | (13 | )% | (30 | )% | (14.0 | ) | 170.9 | * | ||||||||||||||||||
| Less: Net income attributable to non-controlling interests | 1.3 | 1.2 | 0.7 | 8 | % | 86 | % | 4.4 | 3.8 | 16 | % | ||||||||||||||||||
| Net income (loss) attributable to Minerals Technologies Inc. (MTI) | $ | 37.1 | $ | 43.0 | $ | 54.0 | (14 | )% | (31 | )% | $ | (18.4 | ) | $ | 167.1 | * | |||||||||||||
| Weighted average number of common shares outstanding: | |||||||||||||||||||||||||||||
| Basic | 31.1 | 31.3 | 31.9 | 31.4 | 32.1 | ||||||||||||||||||||||||
| Diluted | 31.1 | 31.3 | 32.2 | 31.4 | 32.3 | ||||||||||||||||||||||||
| Earnings (loss) per share attributable to MTI: | |||||||||||||||||||||||||||||
| Basic | $ | 1.19 | $ | 1.37 | $ | 1.69 | (13 | )% | (30 | )% | $ | (0.59 | ) | $ | 5.21 | * | |||||||||||||
| Diluted | $ | 1.19 | $ | 1.37 | $ | 1.68 | (13 | )% | (29 | )% | $ | (0.59 | ) | $ | 5.17 | * | |||||||||||||
| Cash dividends declared per common share | $ | 0.12 | $ | 0.11 | $ | 0.11 | $ | 0.45 | $ | 0.41 | |||||||||||||||||||
| * 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 December 31, 2025, September 28, 2025 and December 31, 2024 consisted of 94 days, 91 days, and 93 days, respectively. The twelve month periods ended December 31, 2025 and December 31, 2024 consisted of 365 days and 366 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 December 31, 2025, September 28, 2025 and December 31, 2024, and the twelve month periods ended December 31, 2025 and December 31, 2024 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 | Twelve Months Ended | ||||||||||||||||||||
| Dec. 31, | Sep. 28, | Dec. 31, | Dec. 31, | Dec. 31, | ||||||||||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||
| Net income (loss) attributable to MTI | $ | 37.1 | $ | 43.0 | $ | 54.0 | $ | (18.4 | ) | $ | 167.1 | |||||||||||
| % of sales | 7.1 | % | 8.1 | % | 10.4 | % | * | 7.9 | % | |||||||||||||
| Special items: | ||||||||||||||||||||||
| Provision for litigation reserve and credit losses | 0.0 | 0.0 | 0.0 | 215.0 | 30.0 | |||||||||||||||||
| Restructuring and other items | 3.7 | 0.0 | 0.0 | 15.0 | 0.0 | |||||||||||||||||
| Debt extinguishment expenses | 0.0 | 0.0 | 1.8 | 0.0 | 1.8 | |||||||||||||||||
| Gain on sale of assets, net | (4.3 | ) | 0.0 | (12.3 | ) | (9.9 | ) | (12.3 | ) | |||||||||||||
| Litigation expenses | 5.1 | 7.5 | 2.4 | 19.6 | 11.3 | |||||||||||||||||
| Related tax effects on special items | (2.2 | ) | (1.9 | ) | 2.3 | (47.9 | ) | 0.9 | ||||||||||||||
| Net income attributable to MTI, excluding special items | $ | 39.4 | $ | 48.6 | $ | 48.2 | $ | 173.4 | $ | 198.8 | ||||||||||||
| % of sales | 7.6 | % | 9.1 | % | 9.3 | % | 8.4 | % | 9.4 | % | ||||||||||||
| Diluted earnings per share, excluding special items | $ | 1.27 | $ | 1.55 | $ | 1.50 | $ | 5.52 | $ | 6.15 | ||||||||||||
| * Percentage not meaningful | ||||||||||||||||||||||
| In the first quarter of 2025, the Company recorded a | ||||||||||||||||||||||
| In 2025, the Company recorded restructuring and other items of | ||||||||||||||||||||||
| In 2025, the Company recorded a | ||||||||||||||||||||||
| In the fourth quarter of 2024, 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 December 31, 2025, September 28, 2025 and December 31, 2024, and the twelve month periods ended December 31, 2025 and December 31, 2024 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 | Twelve Months Ended | |||||||||||||||||||||
| (in millions of dollars) | Dec. 31, | Sep. 28, | Dec. 31, | Dec. 31, | Dec. 31, | |||||||||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||
| Cash flow from operations | $ | 64.3 | $ | 70.9 | $ | 70.4 | $ | 193.7 | $ | 236.4 | ||||||||||||
| Capital expenditures | 32.4 | 27.3 | 28.1 | 107.1 | 89.5 | |||||||||||||||||
| Free cash flow | $ | 31.9 | $ | 43.6 | $ | 42.3 | $ | 86.6 | $ | 146.9 | ||||||||||||
| Depreciation, depletion and amortization expense | $ | 23.3 | $ | 22.4 | $ | 24.3 | $ | 91.2 | $ | 94.9 | ||||||||||||
| 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 December 31, 2025, September 28, 2025 and December 31, 2024, and the twelve month periods ended December 31, 2025 and December 31, 2024, 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 | Twelve Months Ended | |||||||||||||||||||||
| (in millions of dollars) | Dec. 31, | Sep. 28, | Dec. 31, | Dec. 31, | Dec. 31, | |||||||||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||
| Net income (loss) attributable to MTI | $ | 37.1 | $ | 43.0 | $ | 54.0 | $ | (18.4 | ) | $ | 167.1 | |||||||||||
| Add back: | ||||||||||||||||||||||
| Depreciation, depletion and amortization expense | 23.3 | 22.4 | 24.3 | 91.2 | 94.9 | |||||||||||||||||
| Interest expense, net | 12.9 | 13.8 | 12.6 | 54.5 | 56.4 | |||||||||||||||||
| Equity in earnings of affiliates, net of tax | (1.4 | ) | (1.1 | ) | (1.5 | ) | (4.9 | ) | (6.7 | ) | ||||||||||||
| Net income attributable to non-controlling interests | 1.3 | 1.2 | 0.7 | 4.4 | 3.8 | |||||||||||||||||
| Provision for taxes on income | 9.6 | 13.5 | 16.2 | 4.9 | 59.4 | |||||||||||||||||
| EBITDA | 82.8 | 92.8 | 106.3 | 131.7 | 374.9 | |||||||||||||||||
| Add special items: | ||||||||||||||||||||||
| Provision for litigation reserve and credit losses | 0.0 | 0.0 | 0.0 | 215.0 | 30.0 | |||||||||||||||||
| Restructuring and other items | 3.7 | 0.0 | 0.0 | 15.0 | 0.0 | |||||||||||||||||
| Debt extinguishment expenses | 0.0 | 0.0 | 1.8 | 0.0 | 1.8 | |||||||||||||||||
| Gain on sale of assets, net | (4.3 | ) | 0.0 | (12.3 | ) | (9.9 | ) | (12.3 | ) | |||||||||||||
| Litigation expenses | 5.1 | 7.5 | 2.4 | 19.6 | 11.3 | |||||||||||||||||
| Adjusted EBITDA | $ | 87.3 | $ | 100.3 | $ | 98.2 | $ | 371.4 | $ | 405.7 | ||||||||||||
| % of sales | 16.8 | % | 18.8 | % | 19.0 | % | 17.9 | % | 19.2 | % | ||||||||||||
| 5 | ) | The following table reflects the components of non-operating income and deductions: | ||||||||||||||||||||
| (in millions of dollars) | Quarter Ended | Twelve Months Ended | ||||||||||||||||||||
| Dec. 31, | Sep. 28, | Dec. 31, | Dec. 31, | Dec. 31, | ||||||||||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||
| Interest income | $ | 1.7 | $ | 1.2 | $ | 1.8 | $ | 5.3 | $ | 5.7 | ||||||||||||
| Interest expense | (14.6 | ) | (15.0 | ) | (14.4 | ) | (59.8 | ) | (62.1 | ) | ||||||||||||
| Foreign exchange gains (losses) | (2.0 | ) | 0.1 | 1.4 | (3.8 | ) | 0.7 | |||||||||||||||
| Debt extinguishment expenses | 0.0 | 0.0 | (1.8 | ) | 0.0 | (1.8 | ) | |||||||||||||||
| Other deductions | (0.5 | ) | (0.6 | ) | (1.7 | ) | (3.1 | ) | (5.4 | ) | ||||||||||||
| Non-operating deductions, net | $ | (15.4 | ) | $ | (14.3 | ) | $ | (14.7 | ) | $ | (61.4 | ) | $ | (62.9 | ) | |||||||
| 6 | ) | The analyst conference call to discuss operating results for the fourth quarter is scheduled for Friday, January 30, 2026 at 11:00 am ET 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 | Twelve Months Ended | % Growth | ||||||||||||||||||||||||||||||||||
| SALES DATA | Dec. 31, | % of | Sep. 28, | % of | Dec. 31, | % of | Dec. 31, | % of | Dec. 31, | % of | |||||||||||||||||||||||||||
| 2025 | Total Sales | 2025 | Total Sales | 2024 | Total Sales | Prior Qtr. | Prior Year | 2025 | Total Sales | 2024 | Total Sales | Prior Year | |||||||||||||||||||||||||
| United States | $ | 257.4 | 50 | % | $ | 273.3 | 51 | % | $ | 264.7 | 51 | % | (6 | )% | (3 | )% | $ | 1,075.0 | 52 | % | $ | 1,089.4 | 51 | % | (1 | )% | |||||||||||
| International | 262.1 | 50 | % | 259.1 | 49 | % | 253.4 | 49 | % | 1 | % | 3 | % | 997.6 | 48 | % | 1,029.1 | 49 | % | (3 | )% | ||||||||||||||||
| Net Sales | $ | 519.5 | 100 | % | $ | 532.4 | 100 | % | $ | 518.1 | 100 | % | (2 | )% | 0 | % | $ | 2,072.6 | 100 | % | $ | 2,118.5 | 100 | % | (2 | )% | |||||||||||
| Household & Personal Care | $ | 132.5 | 26 | % | $ | 129.8 | 24 | % | $ | 133.9 | 26 | % | 2 | % | (1 | )% | $ | 512.8 | 25 | % | $ | 530.0 | 25 | % | (3 | )% | |||||||||||
| Specialty Additives | 141.8 | 27 | % | 147.6 | 28 | % | 144.8 | 28 | % | (4 | )% | (2 | )% | 584.9 | 28 | % | 610.2 | 29 | % | (4 | )% | ||||||||||||||||
| Consumer & Specialties Segment | $ | 274.3 | 53 | % | $ | 277.4 | 52 | % | $ | 278.7 | 54 | % | (1 | )% | (2 | )% | $ | 1,097.7 | 53 | % | $ | 1,140.2 | 54 | % | (4 | )% | |||||||||||
| High-Temperature Technologies | $ | 178.0 | 34 | % | $ | 178.9 | 34 | % | $ | 176.4 | 34 | % | (1 | )% | 1 | % | $ | 704.7 | 34 | % | $ | 713.2 | 33 | % | (1 | )% | |||||||||||
| Environmental & Infrastructure | 67.2 | 13 | % | 76.1 | 14 | % | 63.0 | 12 | % | (12 | )% | 7 | % | 270.2 | 13 | % | 265.1 | 13 | % | 2 | % | ||||||||||||||||
| Engineered Solutions Segment | $ | 245.2 | 47 | % | $ | 255.0 | 48 | % | $ | 239.4 | 46 | % | (4 | )% | 2 | % | $ | 974.9 | 47 | % | $ | 978.3 | 46 | % | (0 | )% | |||||||||||
| MTI Consolidated Net Sales | $ | 519.5 | 100 | % | $ | 532.4 | 100 | % | $ | 518.1 | 100 | % | (2 | )% | 0 | % | $ | 2,072.6 | 100 | % | $ | 2,118.5 | 100 | % | (2 | )% | |||||||||||
| MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | |||||||||||||||||||||||||||
| SUPPLEMENTARY DATA | |||||||||||||||||||||||||||
| (in millions of dollars) | |||||||||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||||||||
| Quarter Ended | % Growth | Twelve Months Ended | % Growth | ||||||||||||||||||||||||
| Dec. 31, | Sep. 28, | Dec. 31, | Prior | Prior | Dec. 31, | Dec. 31, | Prior | ||||||||||||||||||||
| SEGMENT OPERATING INCOME DATA | 2025 | 2025 | 2024 | Qtr. | Year | 2025 | 2024 | Year | |||||||||||||||||||
| Consumer & Specialties Segment | $ | 25.3 | $ | 37.4 | $ | 37.9 | (32 | )% | (33 | )% | $ | 124.2 | $ | 165.5 | (25 | )% | |||||||||||
| % of Sales | 9.2 | % | 13.5 | % | 13.6 | % | 11.3 | % | 14.5 | % | |||||||||||||||||
| Engineered Solutions Segment | $ | 44.5 | $ | 44.8 | $ | 52.0 | (1 | )% | (14 | )% | $ | 169.7 | $ | 174.0 | (2 | )% | |||||||||||
| % of Sales | 18.1 | % | 17.6 | % | 21.7 | % | 17.4 | % | 17.8 | % | |||||||||||||||||
| Unallocated and Other Corporate Expenses | $ | (7.8 | ) | $ | (11.3 | ) | $ | (5.8 | ) | (31 | )% | 34 | % | $ | (246.5 | ) | $ | (53.0 | ) | * | |||||||
| MTI Consolidated | $ | 62.0 | $ | 70.9 | $ | 84.1 | (13 | )% | (26 | )% | $ | 47.4 | $ | 286.5 | (83 | )% | |||||||||||
| % of Sales | 11.9 | % | 13.3 | % | 16.2 | % | 2.3 | % | 13.5 | % | |||||||||||||||||
| SPECIAL ITEMS | |||||||||||||||||||||||||||
| Consumer & Specialties Segment | $ | 3.7 | $ | 0.0 | $ | 0.0 | * | * | $ | 9.5 | $ | 0.0 | * | ||||||||||||||
| Engineered Solutions Segment | $ | (4.3 | ) | $ | 0.0 | $ | (12.3 | ) | * | * | $ | (6.6 | ) | $ | (12.3 | ) | * | ||||||||||
| Unallocated and Other Corporate Expenses | $ | 5.1 | $ | 7.5 | $ | 2.4 | * | * | $ | 236.8 | $ | 41.3 | * | ||||||||||||||
| MTI Consolidated | $ | 4.5 | $ | 7.5 | $ | (9.9 | ) | * | * | $ | 239.7 | $ | 29.0 | * | |||||||||||||
| 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. This excludes special items (set forth in the above table), for the quarterly periods ended December 31, 2025, September 28, 2025 and December 31, 2024, and the twelve month periods ended December 31, 2025 and December 31, 2024, constituting a reconciliation to GAAP operating income 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 | Twelve Months Ended | % Growth | ||||||||||||||||||||||||
| SEGMENT OPERATING INCOME, | Dec. 31, | Sep. 28, | Dec. 31, | Dec. 31, | Dec. 31, | Prior | |||||||||||||||||||||
| EXCLUDING SPECIAL ITEMS | 2025 | 2025 | 2024 | Prior Qtr. | Prior Year | 2025 | 2024 | Year | |||||||||||||||||||
| Consumer & Specialties Segment | $ | 29.0 | $ | 37.4 | $ | 37.9 | (22 | )% | (23 | )% | $ | 133.7 | $ | 165.5 | (19 | )% | |||||||||||
| % of Sales | 10.6 | % | 13.5 | % | 13.6 | % | 12.2 | % | 14.5 | % | |||||||||||||||||
| Engineered Solutions Segment | $ | 40.2 | $ | 44.8 | $ | 39.7 | (10 | )% | 1 | % | $ | 163.1 | $ | 161.7 | 1 | % | |||||||||||
| % of Sales | 16.4 | % | 17.6 | % | 16.6 | % | 16.7 | % | 16.5 | % | |||||||||||||||||
| Unallocated Corporate Expenses | $ | (2.7 | ) | $ | (3.8 | ) | $ | (3.4 | ) | (29 | )% | (21 | )% | $ | (9.7 | ) | $ | (11.7 | ) | (17 | )% | ||||||
| MTI Consolidated | $ | 66.5 | $ | 78.4 | $ | 74.2 | (15 | )% | (10 | )% | $ | 287.1 | $ | 315.5 | (9 | )% | |||||||||||
| % of Sales | 12.8 | % | 14.7 | % | 14.3 | % | 13.9 | % | 14.9 | % | |||||||||||||||||
| * Percentage not meaningful | |||||||||||||||||||||||||||
| MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | ||||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
| (in millions of dollars) | ||||||||
| ASSETS | ||||||||
| December 31, | December 31, | |||||||
| 2025* | 2024** | |||||||
| Current assets: | ||||||||
| Cash & cash equivalents | $ | 329.0 | $ | 333.1 | ||||
| Short-term investments | 3.6 | 4.0 | ||||||
| Accounts receivable, net | 400.1 | 385.2 | ||||||
| Inventories | 350.2 | 342.1 | ||||||
| Prepaid expenses and other current assets | 72.7 | 66.6 | ||||||
| Total current assets | 1,155.6 | 1,131.0 | ||||||
| Property, plant and equipment | 2,308.9 | 2,236.6 | ||||||
| Less accumulated depreciation | 1,283.9 | 1,246.9 | ||||||
| Net property, plant & equipment | 1,025.0 | 989.7 | ||||||
| Goodwill | 915.9 | 913.8 | ||||||
| Intangible assets | 208.7 | 218.1 | ||||||
| Other assets and deferred charges | 163.8 | 141.3 | ||||||
| Total assets | $ | 3,469.0 | $ | 3,393.9 | ||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||
| Current liabilities: | ||||||||
| Short-term debt | $ | 0.4 | $ | 5.1 | ||||
| Current maturities of long-term debt | 6.3 | 6.5 | ||||||
| Accounts payable | 187.9 | 185.5 | ||||||
| Other current liabilities | 360.8 | 200.6 | ||||||
| Total current liabilities | 555.4 | 397.7 | ||||||
| Long-term debt | 955.0 | 959.6 | ||||||
| Deferred income taxes | 90.7 | 130.5 | ||||||
| Other non-current liabilities | 118.2 | 122.9 | ||||||
| Total liabilities | 1,719.3 | 1,610.7 | ||||||
| Total MTI shareholders' equity | 1,713.4 | 1,747.0 | ||||||
| Non-controlling interests | 36.3 | 36.2 | ||||||
| Total shareholders' equity | 1,749.7 | 1,783.2 | ||||||
| Total liabilities and shareholders' equity | $ | 3,469.0 | $ | 3,393.9 | ||||
| * Unaudited | ||||||||
| ** Condensed from audited financial statements. | ||||||||
FAQ
What were Minerals Technologies (MTX) fourth-quarter 2025 earnings per share and sales?
Why did Minerals Technologies (MTX) report a full-year loss per share in 2025?
How did Minerals Technologies (MTX) perform on an adjusted basis in 2025?
What were MTX’s segment sales for full-year 2025 and which segments led performance?
What is Minerals Technologies’ cash flow and shareholder return for 2025?
