Minerals Technologies Inc. Announces 2025 Third Quarter Financial Results
Minerals Technologies (NYSE: MTX) reported third-quarter 2025 results for the period ended September 28, 2025, with EPS $1.37 (or $1.55 excluding special items), a third-quarter record. Consolidated net sales were $532 million (+1% sequential, +1% YoY). Reported operating income was $71 million ($78 million excluding special items) with an operating margin excluding special items of 14.7%. Cash flow from operations was $71 million and free cash flow was $44 million. Consumer & Specialties sales were $277 million; Household & Personal Care sales were $130 million. Engineered Solutions sales were $255 million with a segment operating margin record of 17.6%. The company noted voluntary Chapter 11 petitions filed by two subsidiaries.
Minerals Technologies (NYSE: MTX) ha riportato i risultati del terzo trimestre 2025 per il periodo terminato il 28 settembre 2025, con EPS $1.37 (o $1.55 escludendo elementi straordinari), un record per il terzo trimestre. Le vendite nette consolidate sono state $532 milioni (+1% rispetto al trimestre precedente, +1% YoY). Il reddito operativo riportato è stato $71 milioni ($78 milioni escludendo elementi straordinari) con un margine operativo escludendo elementi straordinari del 14,7%. Il flusso di cassa da operazioni è stato $71 milioni e il flusso di cassa libero è stato $44 milioni. Le vendite Consumer & Specialties sono state $277 milioni; le vendite Household & Personal Care sono state $130 milioni. Le vendite Engineered Solutions sono state $255 milioni con un margine operativo di segmento record del 17,6%. L'azienda ha notato petizioni volontarie ai sensi del Chapter 11 presentate da due controllate.
Minerals Technologies (NYSE: MTX) informó los resultados del tercer trimestre de 2025 para el periodo que terminó el 28 de septiembre de 2025, con EPS $1.37 (o $1.55 excluyendo elementos especiales), un récord para el tercer trimestre. Las ventas netas consolidadas fueron $532 millones (+1% secuencial, +1% YoY). El ingreso operativo reportado fue $71 millones ($78 millones excluyendo elementos especiales) con un margen operativo excluyendo elementos especiales de 14,7%. El flujo de efectivo de operaciones fue $71 millones y el flujo de efectivo libre fue $44 millones. Las ventas de Consumer & Specialities fueron $277 millones; las ventas de Household & Personal Care fueron $130 millones. Las ventas de Engineered Solutions fueron $255 millones con un margen operativo de segmento récord de 17,6%. La empresa señaló peticiones voluntarias de la Chapter 11 presentadas por dos subsidiarias.
Minerals Technologies (NYSE: MTX)가 2025년 9월 28일 종료된 기간에 대해 2025년 3분기 실적을 발표했습니다, EPS $1.37 (또는 $1.55 특수항목 제외)로 기록된 3분기. 연결 순매출은 $532 백만 (+전분기 대비 +1%, 전년동기 대비 +1%). 보고된 영업이익은 $71 백만 ($78 백만의 특수항목 제외)으로 특수항목 제외 영업마진은 14.7%. 영업활동으로 인한 현금흐름은 $71 백만이고 자유현금흐름은 $44 백만. Consumer & Specialties 매출은 $277 백만; Household & Personal Care 매출은 $130 백만. Engineered Solutions 매출은 $255 백만으로 부문 영업마진 기록적인 17.6%를 달성했습니다. 회사는 두 자회사에 의해 자발적으로 Chapter 11 파산 신청을 한 것을 언급했습니다.
Minerals Technologies (NYSE: MTX) a publié les résultats du troisième trimestre 2025 pour la période se terminant le 28 septembre 2025, avec EPS 1,37 $ (ou 1,55 $ hors éléments exceptionnels), un record pour le troisième trimestre. Le chiffre d'affaires net consolidé s'élevait à 532 millions de dollars (+1 % séquentiel, +1 % sur un an). Le résultat opérationnel publié était de 71 millions de dollars (78 millions de dollars hors éléments exceptionnels) avec une marge opérationnelle hors éléments exceptionnels de 14,7 %. Le flux de trésorerie opérationnel était de 71 millions de dollars et le flux de trésorerie disponible était de 44 millions de dollars. Les ventes Consumer & Specialties étaient de 277 millions de dollars; celles de Household & Personal Care étaient de 130 millions de dollars. Les ventes Engineered Solutions s'élevaient à 255 millions de dollars avec une marge opérationnelle de segment record de 17,6 %. L'entreprise a noté des pétitions volontaire Chapter 11 déposées par deux filiales.
Minerals Technologies (NYSE: MTX) berichtete die Ergebnisse des dritten Quartals 2025 für den Zeitraum bis zum 28. September 2025, mit EPS 1,37 $ (oder 1,55 $ ohne außergewöhnliche Posten), einem Rekord für das dritte Quartal. Konsolidierte Nettoumsätze betrugen 532 Mio. USD (+1% sequenziell, +1% YoY). Das gemeldete operative Ergebnis betrug 71 Mio. USD (78 Mio. USD ohne außergewöhnliche Posten) mit einer operativen Marge ohne außergewöhnliche Posten von 14,7%. Der operative Cashflow betrug 71 Mio. USD und freier Cashflow war 44 Mio. USD. Sales in Consumer & Specialties betrugen 277 Mio. USD; Household & Personal Care Umsätze betrugen 130 Mio. USD. Engineered Solutions Umsätze betrugen 255 Mio. USD mit einer segmentären operativen Marge von Rekord 17,6%. Das Unternehmen bemerkte freiwillige Chapter 11-Anträge von zwei Tochtergesellschaften.
Minerals Technologies (NYSE: MTX) أعلنت عن نتائج الربع الثالث من عام 2025 للفترة المنتهية في 28 سبتمبر 2025، مع أرباح السهم 1.37 دولار (أو 1.55 دولار باستثناء البنود الخاصة)، وهو رقم قياسي للربع الثالث. بلغت المبيعات الصافية المجمعة 532 مليون دولار (+1% على أساس تسلسلي، +1% على أساس سنوي). بلغ الدخل التشغيلي المعلن 71 مليون دولار (78 مليون دولار باستثناء البنود الخاصة) مع هامش تشغيلي مستثنًى من البنود الخاصة قدره 14.7%. كان التدفق النقدي من العمليات 71 مليون دولار والتدفق النقدي الحر 44 مليون دولار. كانت مبيعات Consumer & Specialties بمقدار 277 مليون دولار؛ مبيعات Household & Personal Care بمقدار 130 مليون دولار. مبيعات Engineered Solutions بمقدار 255 مليون دولار مع هامش تشغيلي للفئة قياسي قدره 17.6%. أشارت الشركة إلى طلبات إفلاس طوعية وفق الفصل 11 قدمتها شركتان تابعتان.
Minerals Technologies (NYSE: MTX) 公布了2025年第三季度业绩，期末为2025年9月28日，每股收益 1.37 美元（或除特殊事项外的 1.55 美元），创造了第三季度新纪录。合并净销售额为5.32亿美元（环比+1%，同比+1%）。报告的经营利润为7100万美元（剔除特殊事项后为7800万美元），剔除特殊事项的经营利润率为14.7%。来自经营活动的现金流为7100万美元，自由现金流为4400万美元。Consumer & Specialties 销售额为 2.77亿美元； Household & Personal Care 销售额为 1.30亿美元。Engineered Solutions 销售额为 2.55亿美元，细分市场的经营利润率创下记录，为17.6%。公司指出两家子公司自愿提交了第11章破产申请。
- Record Q3 EPS of $1.37 ($1.55 ex special items)
- Operating margin excluding special items of 14.7%
- Cash flow from operations of $71 million and free cash flow of $44 million
- Engineered Solutions segment margin record of 17.6%
- Two subsidiaries filed voluntary Chapter 11 petitions
- Reported operating income of $71 million, down 1% sequentially and YoY
Insights
Solid quarter: record third-quarter EPS, slight sales growth, healthy margins and cash flow but limited sequential gains.
Minerals Technologies Inc. delivered
The main near-term drivers are segment mix and end-market volumes. Consumer & Specialties held sales at
Watch the conference call on
-- Earnings per Share of
Setting a Third Quarter Record --
-- Operating Income of
-- Continued Strong Operating Margin and Cash Flow --
NEW YORK, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI”), a leading, technology-driven specialty minerals company, today reported earnings per share for the third quarter ended September 28, 2025, of
Third Quarter 2025 Consolidated Results
In the third quarter, MTI’s worldwide net sales were
Reported operating income was
Cash flow from operations was
“Amidst ongoing mixed market conditions, we delivered a solid operating performance that resulted in MTI’s highest third quarter earnings per share on record,” said Douglas T. Dietrich, Chairman and Chief Executive Officer. “We have clear opportunities for growth across the entire company, and we are making several strategic investments, particularly in Household & Personal Care, that will contribute to growth in the near- and long-term.”
Third Quarter 2025 Segment Results
Consumer & Specialties segment sales were
Segment 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 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.
MTI will host a conference call tomorrow, October 24, 2025, 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 October 24, 2025.
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 | Nine Months Ended | % Growth | ||||||||||||||||||||||
| Sep. 28, | Jun. 29, | Sep. 29, | Prior | Prior | Sep. 28, | Sep. 29, | Prior | ||||||||||||||||||
| 2025 | 2025 | 2024 | Qtr. | Year | 2025 | 2024 | Year | ||||||||||||||||||
| Net sales | $ | 532.4 | $ | 528.9 | $ | 524.7 | 1 | % | 1 | % | $ | 1,553.1 | $ | 1,600.4 | (3 | )% | |||||||||
| Cost of goods sold | 395.4 | 392.0 | 389.5 | 1 | % | 2 | % | 1,159.6 | 1,185.4 | (2 | )% | ||||||||||||||
| Production margin | 137.0 | 136.9 | 135.2 | 0 | % | 1 | % | 393.5 | 415.0 | (5 | )% | ||||||||||||||
| Marketing and administrative expenses | 53.0 | 52.2 | 50.1 | 2 | % | 6 | % | 155.8 | 156.4 | (0 | )% | ||||||||||||||
| Research and development expenses | 5.6 | 5.7 | 5.9 | (2 | )% | (5 | )% | 17.1 | 17.3 | (1 | )% | ||||||||||||||
| Provision for litigation reserve and credit losses | 0.0 | 0.0 | 0.0 | * | * | 215.0 | 30.0 | * | |||||||||||||||||
| Restructuring and other items | 0.0 | 5.8 | 0.0 | * | * | 11.3 | 0.0 | * | |||||||||||||||||
| Gain on sale of assets, net | 0.0 | (5.6 | ) | 0.0 | * | * | (5.6 | ) | 0.0 | * | |||||||||||||||
| Litigation expenses | 7.5 | 4.2 | 2.6 | 79 | % | 188 | % | 14.5 | 8.9 | 63 | % | ||||||||||||||
| Income (loss) from operations | 70.9 | 74.6 | 76.6 | (5 | )% | (7 | )% | (14.6 | ) | 202.4 | * | ||||||||||||||
| Interest expense, net | (13.8 | ) | (13.6 | ) | (14.0 | ) | 1 | % | (1 | )% | (41.6 | ) | (43.8 | ) | (5 | )% | |||||||||
| Other non-operating deductions, net | (0.5 | ) | (1.9 | ) | (3.1 | ) | (74 | )% | (84 | )% | (4.4 | ) | (4.4 | ) | 0 | % | |||||||||
| Total non-operating deductions, net | (14.3 | ) | (15.5 | ) | (17.1 | ) | (8 | )% | (16 | )% | (46.0 | ) | (48.2 | ) | (5 | )% | |||||||||
| Income (loss) before tax and equity in earnings | 56.6 | 59.1 | 59.5 | (4 | )% | (5 | )% | (60.6 | ) | 154.2 | * | ||||||||||||||
| Provision (benefit) for taxes on income | 13.5 | 13.9 | 13.7 | (3 | )% | (1 | )% | (4.7 | ) | 43.2 | * | ||||||||||||||
| Equity in earnings of affiliates, net of tax | 1.1 | 1.1 | 1.9 | 0 | % | (42 | )% | 3.4 | 5.2 | (35 | )% | ||||||||||||||
| Net income (loss) | 44.2 | 46.3 | 47.7 | (5 | )% | (7 | )% | (52.5 | ) | 116.2 | * | ||||||||||||||
| Less: Net income attributable to non-controlling interests | 1.2 | 0.9 | 1.0 | 33 | % | 20 | % | 3.1 | 3.1 | 0 | % | ||||||||||||||
| Net income (loss) attributable to Minerals Technologies Inc. (MTI) | $ | 43.0 | $ | 45.4 | $ | 46.7 | (5 | )% | (8 | )% | $ | (55.6 | ) | $ | 113.1 | * | |||||||||
| Weighted average number of common shares outstanding: | |||||||||||||||||||||||||
| Basic | 31.3 | 31.6 | 32.1 | 31.6 | 32.2 | ||||||||||||||||||||
| Diluted | 31.3 | 31.6 | 32.3 | 31.6 | 32.4 | ||||||||||||||||||||
| Earnings (loss) per share attributable to MTI: | |||||||||||||||||||||||||
| Basic | $ | 1.37 | $ | 1.44 | $ | 1.45 | (5 | )% | (6 | )% | $ | (1.76 | ) | $ | 3.51 | * | |||||||||
| Diluted | $ | 1.37 | $ | 1.44 | $ | 1.45 | (5 | )% | (6 | )% | $ | (1.76 | ) | $ | 3.49 | * | |||||||||
| Cash dividends declared per common share | $ | 0.11 | $ | 0.11 | $ | 0.10 | $ | 0.33 | $ | 0.30 | |||||||||||||||
| * 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 September 28, 2025, June 29, 2025 and September 29, 2024 each consisted of 91 days. The nine month periods ended September 28, 2025 and September 29, 2024 consisted of 271 days and 273 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 September 28, 2025, June 29, 2025 and September 29, 2024, and the nine month periods ended September 28, 2025 and September 29, 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 | Nine Months Ended | ||||||||||||||||
| Sep. 28, | Jun. 29, | Sep. 29, | Sep. 28, | Sep. 29, | ||||||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| Net income (loss) attributable to MTI | $ | 43.0 | $ | 45.4 | $ | 46.7 | $ | (55.6 | ) | $ | 113.1 | |||||||
| % of sales | 8.1 | % | 8.6 | % | 8.9 | % | * | 7.1 | % | |||||||||
| Special items: | ||||||||||||||||||
| Provision for litigation reserve and credit losses | 0.0 | 0.0 | 0.0 | 215.0 | 30.0 | |||||||||||||
| Restructuring and other items | 0.0 | 5.8 | 0.0 | 11.3 | 0.0 | |||||||||||||
| Gain on sale of assets, net | 0.0 | (5.6 | ) | 0.0 | (5.6 | ) | 0.0 | |||||||||||
| Litigation expenses | 7.5 | 4.2 | 2.6 | 14.5 | 8.9 | |||||||||||||
| Related tax effects on special items | (1.9 | ) | (0.9 | ) | (0.6 | ) | (45.7 | ) | (1.4 | ) | ||||||||
| Net income attributable to MTI, excluding special items | $ | 48.6 | $ | 48.9 | $ | 48.7 | $ | 133.9 | $ | 150.6 | ||||||||
| % of sales | 9.1 | % | 9.2 | % | 9.3 | % | 8.6 | % | 9.4 | % | ||||||||
| Diluted earnings per share, excluding special items | $ | 1.55 | $ | 1.55 | $ | 1.51 | $ | 4.24 | $ | 4.65 | ||||||||
| * Percentage not meaningful | ||||||||||||||||||
| In the second quarter of 2025, the Company recorded a | ||||||||||||||||||
| In the second quarter of 2025, the Company recorded a | ||||||||||||||||||
| In the first quarter of 2025, the Company recorded a | ||||||||||||||||||
| In the first quarter of 2025, the Company initiated a cost savings program and 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 September 28, 2025, June 29, 2025 and September 29, 2024, and the nine month periods ended September 28, 2025 and September 29, 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 | Nine Months Ended | |||||||||||||||||
| (in millions of dollars) | Sep. 28, | Jun. 29, | Sep. 29, | Sep. 28, | Sep. 29, | |||||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| Cash flow from operations | $ | 70.9 | $ | 62.9 | $ | 60.0 | $ | 129.4 | $ | 166.0 | ||||||||
| Capital expenditures | 27.3 | 29.1 | 24.7 | 74.7 | 61.4 | |||||||||||||
| Free cash flow | $ | 43.6 | $ | 33.8 | $ | 35.3 | $ | 54.7 | $ | 104.6 | ||||||||
| Depreciation, depletion and amortization expense | $ | 22.4 | $ | 22.0 | $ | 23.1 | $ | 67.9 | $ | 70.6 | ||||||||
| 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 September 28, 2025, June 29, 2025 and September 29, 2024, and the nine month periods ended September 28, 2025 and September 29, 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 | Nine Months Ended | |||||||||||||||||
| (in millions of dollars) | Sep. 28, | Jun. 29, | Sep. 29, | Sep. 28, | Sep. 29, | |||||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| Net income (loss) attributable to MTI | $ | 43.0 | $ | 45.4 | $ | 46.7 | $ | (55.6 | ) | $ | 113.1 | |||||||
| Add back: | ||||||||||||||||||
| Depreciation, depletion and amortization expense | 22.4 | 22.0 | 23.1 | 67.9 | 70.6 | |||||||||||||
| Interest expense, net | 13.8 | 13.6 | 14.0 | 41.6 | 43.8 | |||||||||||||
| Equity in earnings of affiliates, net of tax | (1.1 | ) | (1.1 | ) | (1.9 | ) | (3.4 | ) | (5.2 | ) | ||||||||
| Net income attributable to non-controlling interests | 1.2 | 0.9 | 1.0 | 3.1 | 3.1 | |||||||||||||
| Provision (benefit) for taxes on income | 13.5 | 13.9 | 13.7 | (4.7 | ) | 43.2 | ||||||||||||
| EBITDA | 92.8 | 94.7 | 96.6 | 48.9 | 268.6 | |||||||||||||
| Add special items: | ||||||||||||||||||
| Provision for litigation reserve and credit losses | 0.0 | 0.0 | 0.0 | 215.0 | 30.0 | |||||||||||||
| Restructuring and other items | 0.0 | 5.8 | 0.0 | 11.3 | 0.0 | |||||||||||||
| Gain on sale of assets, net | 0.0 | (5.6 | ) | 0.0 | (5.6 | ) | 0.0 | |||||||||||
| Litigation expenses | 7.5 | 4.2 | 2.6 | 14.5 | 8.9 | |||||||||||||
| Adjusted EBITDA | $ | 100.3 | $ | 99.1 | $ | 99.2 | $ | 284.1 | $ | 307.5 | ||||||||
| % of sales | 18.8 | % | 18.7 | % | 18.9 | % | 18.3 | % | 19.2 | % | ||||||||
| 5) | The following table reflects the components of non-operating income and deductions: | |||||||||||||||||
| (in millions of dollars) | Quarter Ended | Nine Months Ended | ||||||||||||||||
| Sep. 28, | Jun. 29, | Sep. 29, | Sep. 28, | Sep. 29, | ||||||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| Interest income | $ | 1.2 | $ | 1.2 | $ | 1.4 | $ | 3.6 | $ | 3.9 | ||||||||
| Interest expense | (15.0 | ) | (14.8 | ) | (15.4 | ) | (45.2 | ) | (47.7 | ) | ||||||||
| Foreign exchange gains (losses) | 0.1 | (1.7 | ) | (1.8 | ) | (1.8 | ) | (0.7 | ) | |||||||||
| Other deductions | (0.6 | ) | (0.2 | ) | (1.3 | ) | (2.6 | ) | (3.7 | ) | ||||||||
| Non-operating deductions, net | $ | (14.3 | ) | $ | (15.5 | ) | $ | (17.1 | ) | $ | (46.0 | ) | $ | (48.2 | ) | |||
| 6) | The analyst conference call to discuss operating results for the third quarter is scheduled for Friday, October 24, 2025 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 | Nine Months Ended | % Growth | ||||||||||||||||||||||||||||||||
| SALES DATA | Sep. 28, | % of | Jun. 29, | % of | Sep. 29, | % of | Sep. 28, | % of | Sep. 29, | % of | |||||||||||||||||||||||||
| 2025 | Total Sales | 2025 | Total Sales | 2024 | Total Sales | Prior Qtr. | Prior Year | 2025 | Total Sales | 2024 | Total Sales | Prior Year | |||||||||||||||||||||||
| United States | $ | 273.3 | 51 | % | $ | 281.9 | 53 | % | $ | 268.3 | 51 | % | (3 | )% | 2 | % | $ | 817.6 | 53 | % | $ | 824.7 | 52 | % | (1 | )% | |||||||||
| International | 259.1 | 49 | % | 247.0 | 47 | % | 256.4 | 49 | % | 5 | % | 1 | % | 735.5 | 47 | % | 775.7 | 48 | % | (5 | )% | ||||||||||||||
| Net Sales | $ | 532.4 | 100 | % | $ | 528.9 | 100 | % | $ | 524.7 | 100 | % | 1 | % | 1 | % | $ | 1,553.1 | 100 | % | $ | 1,600.4 | 100 | % | (3 | )% | |||||||||
| Household & Personal Care | $ | 129.8 | 24 | % | $ | 127.4 | 24 | % | $ | 130.9 | 25 | % | 2 | % | (1 | )% | $ | 380.3 | 24 | % | $ | 396.1 | 25 | % | (4 | )% | |||||||||
| Specialty Additives | 147.6 | 28 | % | 150.3 | 28 | % | 149.4 | 28 | % | (2 | )% | (1 | )% | 443.1 | 29 | % | 465.4 | 29 | % | (5 | )% | ||||||||||||||
| Consumer & Specialties Segment | $ | 277.4 | 52 | % | $ | 277.7 | 52 | % | $ | 280.3 | 53 | % | (0 | )% | (1 | )% | $ | 823.4 | 53 | % | $ | 861.5 | 54 | % | (4 | )% | |||||||||
| High-Temperature Technologies | $ | 178.9 | 34 | % | $ | 178.4 | 34 | % | $ | 174.8 | 34 | % | 0 | % | 2 | % | $ | 526.7 | 34 | % | $ | 536.8 | 33 | % | (2 | )% | |||||||||
| Environmental & Infrastructure | 76.1 | 14 | % | 72.8 | 14 | % | 69.6 | 13 | % | 5 | % | 9 | % | 203.0 | 13 | % | 202.1 | 13 | % | 0 | % | ||||||||||||||
| Engineered Solutions Segment | $ | 255.0 | 48 | % | $ | 251.2 | 48 | % | $ | 244.4 | 47 | % | 2 | % | 4 | % | $ | 729.7 | 47 | % | $ | 738.9 | 46 | % | (1 | )% | |||||||||
| MTI Consolidated Net Sales | $ | 532.4 | 100 | % | $ | 528.9 | 100 | % | $ | 524.7 | 100 | % | 1 | % | 1 | % | $ | 1,553.1 | 100 | % | $ | 1,600.4 | 100 | % | (3 | )% | |||||||||
| MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | |||||||||||||||||||||||||
| SUPPLEMENTARY DATA | |||||||||||||||||||||||||
| (in millions of dollars) | |||||||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||||||
| Quarter Ended | % Growth | Nine Months Ended | % Growth | ||||||||||||||||||||||
| Sep. 28, | Jun. 29, | Sep. 29, | Prior | Prior | Sep. 28, | Sep. 29, | Prior | ||||||||||||||||||
| SEGMENT OPERATING INCOME (LOSS) DATA | 2025 | 2025 | 2024 | Qtr. | Year | 2025 | 2024 | Year | |||||||||||||||||
| Consumer & Specialties Segment | $ | 37.4 | $ | 34.0 | $ | 41.7 | 10 | % | (10 | )% | $ | 98.9 | $ | 127.6 | (22 | )% | |||||||||
| % of Sales | 13.5 | % | 12.2 | % | 14.9 | % | 12.0 | % | 14.8 | % | |||||||||||||||
| Engineered Solutions Segment | $ | 44.8 | $ | 46.8 | $ | 38.8 | (4 | )% | 15 | % | $ | 125.2 | $ | 122.0 | 3 | % | |||||||||
| % of Sales | 17.6 | % | 18.6 | % | 15.9 | % | 17.2 | % | 16.5 | % | |||||||||||||||
| Unallocated and Other Corporate Expenses | $ | (11.3 | ) | $ | (6.2 | ) | $ | (3.9 | ) | 82 | % | * | $ | (238.7 | ) | $ | (47.2 | ) | * | ||||||
| MTI Consolidated | $ | 70.9 | $ | 74.6 | $ | 76.6 | (5 | )% | (7 | )% | $ | (14.6 | ) | $ | 202.4 | * | |||||||||
| % of Sales | 13.3 | % | 14.1 | % | 14.6 | % | * | 12.6 | % | ||||||||||||||||
| SPECIAL ITEMS | |||||||||||||||||||||||||
| Consumer & Specialties Segment | $ | 0.0 | $ | 3.3 | $ | 0.0 | * | * | $ | 5.8 | $ | 0.0 | * | ||||||||||||
| Engineered Solutions Segment | $ | 0.0 | $ | (3.1 | ) | $ | 0.0 | * | * | $ | (2.3 | ) | $ | 0.0 | * | ||||||||||
| Unallocated and Other Corporate Expenses | $ | 7.5 | $ | 4.2 | $ | 2.6 | * | * | $ | 231.7 | $ | 38.9 | * | ||||||||||||
| MTI Consolidated | $ | 7.5 | $ | 4.4 | $ | 2.6 | * | * | $ | 235.2 | $ | 38.9 | * | ||||||||||||
| 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 September 28, 2025, June 29, 2025 and September 29, 2024, and the nine month periods ended September 28, 2025 and September 29, 2024, constituting a reconciliation to GAAP operating income (loss) 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 | Nine Months Ended | % Growth | ||||||||||||||||||||||
| SEGMENT OPERATING INCOME, | Sep. 28, | Jun. 29, | Sep. 29, | Sep. 28, | Sep. 29, | Prior | |||||||||||||||||||
| EXCLUDING SPECIAL ITEMS | 2025 | 2025 | 2024 | Prior Qtr. | Prior Year | 2025 | 2024 | Year | |||||||||||||||||
| Consumer & Specialties Segment | $ | 37.4 | $ | 37.3 | $ | 41.7 | 0 | % | (10 | )% | $ | 104.7 | $ | 127.6 | (18 | )% | |||||||||
| % of Sales | 13.5 | % | 13.4 | % | 14.9 | % | 12.7 | % | 14.8 | % | |||||||||||||||
| Engineered Solutions Segment | $ | 44.8 | $ | 43.7 | $ | 38.8 | 3 | % | 15 | % | $ | 122.9 | $ | 122.0 | 1 | % | |||||||||
| % of Sales | 17.6 | % | 17.4 | % | 15.9 | % | 16.8 | % | 16.5 | % | |||||||||||||||
| Unallocated Corporate Expenses | $ | (3.8 | ) | $ | (2.0 | ) | $ | (1.3 | ) | 90 | % | * | $ | (7.0 | ) | $ | (8.3 | ) | (16 | )% | |||||
| MTI Consolidated | $ | 78.4 | $ | 79.0 | $ | 79.2 | (1 | )% | (1 | )% | $ | 220.6 | $ | 241.3 | (9 | )% | |||||||||
| % of Sales | 14.7 | % | 14.9 | % | 15.1 | % | 14.2 | % | 15.1 | % | |||||||||||||||
| * Percentage not meaningful | |||||||||||||||||||||||||
| MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | ||||
| CONDENSED CONSOLIDATED BALANCE SHEETS (in millions of dollars) | ||||
| ASSETS | ||||
| September 28, | December 31, | |||
| 2025* | 2024** | |||
| Current assets: | ||||
| Cash & cash equivalents | $ | 319.6 | $ | 333.1 |
| Short-term investments | 8.7 | 4.0 | ||
| Accounts receivable, net | 413.4 | 385.2 | ||
| Inventories | 363.7 | 342.1 | ||
| Prepaid expenses and other current assets | 67.9 | 66.6 | ||
| Total current assets | 1,173.3 | 1,131.0 | ||
| Property, plant and equipment | 2,307.3 | 2,236.6 | ||
| Less accumulated depreciation | 1,294.4 | 1,246.9 | ||
| Net property, plant & equipment | 1,012.9 | 989.7 | ||
| Goodwill | 916.2 | 913.8 | ||
| Intangible assets | 211.5 | 218.1 | ||
| Other assets and deferred charges | 144.9 | 141.3 | ||
| Total assets | $ | 3,458.8 | $ | 3,393.9 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||
| Current liabilities: | ||||
| Short-term debt | $ | 13.4 | $ | 5.1 |
| Current maturities of long-term debt | 6.5 | 6.5 | ||
| Accounts payable | 196.9 | 185.5 | ||
| Other current liabilities | 374.7 | 200.6 | ||
| Total current liabilities | 591.5 | 397.7 | ||
| Long-term debt | 957.8 | 959.6 | ||
| Deferred income taxes | 87.4 | 130.5 | ||
| Other non-current liabilities | 112.6 | 122.9 | ||
| Total liabilities | 1,749.3 | 1,610.7 | ||
| Total MTI shareholders' equity | 1,675.2 | 1,747.0 | ||
| Non-controlling interests | 34.3 | 36.2 | ||
| Total shareholders' equity | 1,709.5 | 1,783.2 | ||
| Total liabilities and shareholders' equity | $ | 3,458.8 | $ | 3,393.9 |
| * Unaudited | ||||
| ** Condensed from audited financial statements. | ||||
FAQ
What were Minerals Technologies (MTX) third-quarter 2025 EPS and adjusted EPS?
How much revenue did MTX report for Q3 2025 and how did it change year over year?
What were MTX's cash flow and free cash flow in Q3 2025?
What segment drove margin improvement for MTX in Q3 2025?
Did Minerals Technologies disclose any bankruptcy-related developments in Q3 2025?
When and where can investors access MTX's Q3 2025 earnings call webcast?
