Minerals Technologies Inc. Announces 2026 Second Quarter Financial Results
Rhea-AI Summary
Minerals Technologies (NYSE: MTX) reported 2026 second quarter net sales of $548.4 million, up 4% year-over-year, and first-half sales of $1.10 billion, up 7%. The company posted a loss per share of $5.90, or $1.60 earnings per share excluding special items, a 3% increase over the prior year.
Reported operating loss was $220 million, reflecting a $290 million charge to increase reserves for estimated talc-related trust funding and related Chapter 11 costs, implying about $75 million in operating income excluding special items. Consumer & Specialties sales declined 1% to $275 million with operating income down 21% excluding special items, while Engineered Solutions sales rose 9% to $274 million with operating income up 12% and a record 17.8% margin.
According to Minerals Technologies, adjusted net leverage was 1.6x. The company published its 18th Sustainability Report, citing 2018‑2025 reductions of 34% in Scope 1 emissions, 42% in Scope 2, 31% in water withdrawals, 56% in water discharge, and 44% in landfill waste, and set new 10‑year environmental targets through 2035. An Investor Day is scheduled for September 22, 2026 at its Bethlehem, Pennsylvania R&D facility.
Positive
- Net sales $548.4M, up 4% YoY; first-half sales up 7%
- Adjusted EPS $1.60, up 3% versus prior-year quarter
- Engineered Solutions sales $274M, up 9% year-over-year
- Engineered Solutions operating margin a record 17.8% of sales
- Net income excluding special items $49.8M, 9.1% of sales
- Adjusted net leverage ratio reduced to 1.6x
Negative
- GAAP net loss $183.6M, or $(5.90) per share
- Litigation reserve increased by $290M for talc-related matters
- Consumer & Specialties segment sales down 1% year-over-year
- Consumer & Specialties operating income down 21% excluding special items
- First-half net loss attributable to MTI $147.4M
- Talc-related litigation expenses $13.7M year-to-date, up 96% YoY
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 30 | Q1 earnings report | Positive | +5.6% | Sales and adjusted EPS increased, with gains in both operating segments. |
| Jan 29 | Q4 earnings report | Positive | +0.8% | Quarterly earnings and sales were reported alongside improved cash flow. |
| Oct 23 | Q3 earnings report | Positive | -2.9% | Record adjusted EPS and segment margins accompanied subsidiary Chapter 11 filings. |
| Jul 24 | Q2 earnings report | Positive | +10.6% | Sales, adjusted EPS, operating income, and cash flow showed strong results. |
| Apr 24 | Q1 earnings report | Negative | -9.9% | Reported loss and lower sales reflected a talc-related reserve and weaker demand. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-specific earnings reactions were mostly aligned with announcement direction, but one positive-results release was followed by a decline.
Key Terms
adjusted net leverage ratio financial
free cash flow financial
chapter 11 regulatory
PFAS remediation technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Sales up 4 percent versus prior year and up 7 percent year-to-date; on track for mid-single digit growth for full year
- Strong cash flow generation, up significantly year-to-date versus prior year
- Balance sheet remains solid, adjusted net leverage ratio at 1.6x
- Published 18th Sustainability Report and established new 10-year environmental targets
- Company will host Investor Day event on September 22, 2026
NEW YORK, July 30, 2026 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI”), a leading, technology-driven specialty minerals company, today reported a loss per share for the second quarter ended July 5, 2026, of
“Our sales momentum continued in the second quarter, resulting in 7 percent growth in the first half of the year. This trend is being driven by our growth initiatives and strong market conditions, and we are on track to hit our full year revenue targets,” said Douglas T. Dietrich, Chairman and Chief Executive Officer. “We absorbed significant inflationary cost increases that temporarily impacted margins, primarily in the Consumer & Specialties segment, but have pricing actions in place to restore them through the back half of the year.”
Consolidated Results
In the second quarter, MTI’s worldwide net sales were
Reported operating loss in the second quarter was
Second Quarter 2026 Segment Results
Consumer & Specialties segment sales were
Segment reported operating income was
MTI’s Consumer & Specialties segment provides functional components that become part of a variety of consumer and industrial products and touch millions of lives every day. It includes two product lines: Household & Personal Care, which delivers mineral-to-market products for improved performance and enhanced consumer experiences in end markets including cat litter, household and personal care, edible oil and renewable fuel purification, animal health, and agriculture; and Specialty Additives, which offers mineral-based technologies for improved functionality in end markets including paper and packaging, food and pharmaceuticals, sealants and adhesives, paints and coatings, and residential construction.
Engineered Solutions segment sales were
Segment reported operating income was
MTI’s Engineered Solutions segment provides advanced technologies and solutions designed to improve customers’ manufacturing processes and projects. It includes two product lines: High-Temperature Technologies, which delivers mineral-based blends, technologies, and systems that solve complex challenges in the foundry, steel, and other high-temperature processing industries; and Environmental & Infrastructure, which offers solutions for water treatment, fluid management, building materials, and environmental, remediation, and infrastructure-related projects.
Publication of the 18th Annual Sustainability Report
MTI published the 18th edition of its annual Sustainability Report, highlighting the company's environmental, safety, and community achievements and establishing a new set of 10-year environmental targets through 2035. It also shared that by 2025, the company had successfully achieved all 12 environmental targets it established in 2018. Key accomplishments included a 34 percent reduction in Scope 1 emissions, a 42 percent reduction in Scope 2 emissions, a 31 percent reduction in water withdrawals, a 56 percent reduction in water discharge, and a 44 percent reduction in landfill waste.
MTI continues to support its customers' sustainability objectives through innovative solutions that help reduce emissions and waste, improve resource efficiency, and address environmental challenges such as PFAS remediation. In 2025, 67 percent of the company’s products commercialized during the previous five years had a sustainable profile.
The Sustainability Report is available at www.mineralstech.com/sustainability.
Company to Host 2026 Investor Day Event
MTI will host an Investor Day event on September 22, 2026, starting at 1 p.m. Eastern Time at its Bethlehem, Pennsylvania R&D facility. A live webcast with management will be followed by a tour for in-person attendees of the R&D facility, with a focus on the company’s Crystal Engineering and Engineered Blends technologies.
“We are excited to welcome investors to our 2026 Investor Day, where we will provide an update on the strategic growth initiatives driving MTI’s performance today and discuss the opportunities that will shape our future,” said Dietrich. “Our team will showcase MTI’s unique combination of mineral resources, technologies, and application expertise and highlight how we develop innovative solutions that align with emerging customer and market trends. We will also preview some of the new applications that we believe will open up new markets in the next few years and continue to create long-term shareholder value.”
Conference Call
MTI will host a conference call tomorrow, July 31, 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 July 31, 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 2025 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 sources, manufactures, sells, and distributes a wide range of minerals and mineral-based products and services. We utilize our global mineral reserves, combined with our core technologies and applications, to deliver innovative products that are an essential 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 | Six Months Ended | % Growth | |||||||||||||||||||||||
| Jul. 5, | Apr. 5, | Jun. 29, | Prior | Prior | Jul. 5, | Jun. 29, | Prior | |||||||||||||||||||
| 2026 | 2026 | 2025 | Qtr. | Year | 2026 | 2025 | Year | |||||||||||||||||||
| Net sales | $ | 548.4 | $ | 546.9 | $ | 528.9 | $ | 1,095.3 | $ | 1,020.7 | ||||||||||||||||
| Cost of goods sold | 414.6 | 415.8 | 392.0 | (0)% | 830.4 | 764.2 | ||||||||||||||||||||
| Production margin | 133.8 | 131.1 | 136.9 | (2)% | 264.9 | 256.5 | ||||||||||||||||||||
| Marketing and administrative expenses | 53.3 | 57.5 | 52.2 | (7)% | 110.8 | 102.8 | ||||||||||||||||||||
| Research and development expenses | 5.9 | 6.1 | 5.7 | (3)% | 12.0 | 11.5 | ||||||||||||||||||||
| Provision for litigation accrual and credit losses | 290.0 | 0.0 | 0.0 | * | * | 290.0 | 215.0 | * | ||||||||||||||||||
| Restructuring and other items | 0.0 | 0.0 | 5.8 | * | * | 0.0 | 11.3 | * | ||||||||||||||||||
| Gain on sale of assets, net | 0.0 | 0.0 | (5.6 | ) | * | * | 0.0 | (5.6 | ) | * | ||||||||||||||||
| Litigation expenses | 4.9 | 8.8 | 4.2 | (44)% | 13.7 | 7.0 | ||||||||||||||||||||
| Income (loss) from operations | (220.3 | ) | 58.7 | 74.6 | * | * | (161.6 | ) | (85.5 | ) | * | |||||||||||||||
| Interest expense, net | (12.1 | ) | (13.3 | ) | (13.6 | ) | (9)% | (11)% | (25.4 | ) | (27.8 | ) | (9)% | |||||||||||||
| Other non-operating income (deductions), net | 1.1 | 0.5 | (1.9 | ) | * | 1.6 | (3.9 | ) | * | |||||||||||||||||
| Total non-operating deductions, net | (11.0 | ) | (12.8 | ) | (15.5 | ) | (14)% | (29)% | (23.8 | ) | (31.7 | ) | (25)% | |||||||||||||
| Income (loss) before tax and equity in earnings | (231.3 | ) | 45.9 | 59.1 | * | * | (185.4 | ) | (117.2 | ) | * | |||||||||||||||
| Provision (benefit) for taxes on income | (46.2 | ) | 9.9 | 13.9 | * | * | (36.3 | ) | (18.2 | ) | ||||||||||||||||
| Equity in earnings of affiliates, net of tax | 2.5 | 1.3 | 1.1 | 3.8 | 2.3 | |||||||||||||||||||||
| Net income (loss) | (182.6 | ) | 37.3 | 46.3 | * | * | (145.3 | ) | (96.7 | ) | * | |||||||||||||||
| Less: Net income attributable to non-controlling interests | 1.0 | 1.1 | 0.9 | (9)% | 2.1 | 1.9 | ||||||||||||||||||||
| Net income (loss) attributable to Minerals Technologies Inc. (MTI) | $ | (183.6 | ) | $ | 36.2 | $ | 45.4 | * | * | $ | (147.4 | ) | $ | (98.6 | ) | * | ||||||||||
| Weighted average number of common shares outstanding: | ||||||||||||||||||||||||||
| Basic | 31.1 | 31.0 | 31.6 | 31.1 | 31.7 | |||||||||||||||||||||
| Diluted | 31.1 | 31.0 | 31.6 | 31.1 | 31.7 | |||||||||||||||||||||
| Earnings (loss) per share attributable to MTI: | ||||||||||||||||||||||||||
| Basic | $ | (5.90 | ) | $ | 1.17 | $ | 1.44 | * | * | $ | (4.74 | ) | $ | (3.11 | ) | * | ||||||||||
| Diluted | $ | (5.90 | ) | $ | 1.17 | $ | 1.44 | * | * | $ | (4.74 | ) | $ | (3.11 | ) | * | ||||||||||
| Cash dividends declared per common share | $ | 0.12 | $ | 0.12 | $ | 0.11 | $ | 0.24 | $ | 0.22 | ||||||||||||||||
| * 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 July 5, 2026, April 5, 2026, and June 29, 2025 consisted of 91 days, 95 days, and 91 days, respectively. The six month periods ended July 5, 2026 and June 29, 2025 consisted of 186 days and 180 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 July 5, 2026, April 5, 2026, and June 29, 2025, and the six month periods ended July 5, 2026 and June 29, 2025 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 | Six Months Ended | |||||||||||||||||||
| Jul. 5, | Apr. 5, | Jun. 29, | Jul. 5, | Jun. 29, | |||||||||||||||||
| 2026 | 2026 | 2025 | 2026 | 2025 | |||||||||||||||||
| Net income (loss) attributable to MTI | $ | (183.6 | ) | $ | 36.2 | $ | 45.4 | $ | (147.4 | ) | $ | (98.6 | ) | ||||||||
| % of sales | * | 6.6 | % | 8.6 | % | * | * | ||||||||||||||
| Special items: | |||||||||||||||||||||
| Provision for litigation accrual and credit losses | 290.0 | 0.0 | 0.0 | 290.0 | 215.0 | ||||||||||||||||
| Restructuring and other items | 0.0 | 0.0 | 5.8 | 0.0 | 11.3 | ||||||||||||||||
| Gain on sale of assets, net | 0.0 | 0.0 | (5.6 | ) | 0.0 | (5.6 | ) | ||||||||||||||
| Litigation expenses | 4.9 | 8.8 | 4.2 | 13.7 | 7.0 | ||||||||||||||||
| Related tax effects on special items | (61.5 | ) | (2.2 | ) | (0.9 | ) | (63.7 | ) | (43.8 | ) | |||||||||||
| Net income attributable to MTI, excluding special items | $ | 49.8 | $ | 42.8 | $ | 48.9 | $ | 92.6 | $ | 85.3 | |||||||||||
| % of sales | 9.1 | % | 7.8 | % | 9.2 | % | 8.5 | % | 8.4 | % | |||||||||||
| Diluted earnings per share, excluding special items | $ | 1.60 | $ | 1.38 | $ | 1.55 | $ | 2.98 | $ | 2.69 | |||||||||||
| * 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 second quarter of 2026, the Company filed a Plan of Reorganization in the Chapter 11 cases of its subsidiary BMI Oldco Inc. which would present a viable, efficient, and advantageous resolution of these Chapter 11 cases. Accordingly, the Company recorded a charge of | |||||||||||||||||||||
| 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 July 5, 2026, April 5, 2026, and June 29, 2025, and the six month periods ended July 5, 2026 and June 29, 2025 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 | Six Months Ended | ||||||||||||||||||||
| (in millions of dollars) | Jul. 5, | Apr. 5, | Jun. 29, | Jul. 5, | Jun. 29, | ||||||||||||||||
| 2026 | 2026 | 2025 | 2026 | 2025 | |||||||||||||||||
| Cash flow from operations | $ | 63.0 | $ | 32.1 | $ | 62.9 | $ | 95.1 | $ | 58.5 | |||||||||||
| Capital expenditures | 27.2 | 23.1 | 29.1 | 50.3 | 47.4 | ||||||||||||||||
| Free cash flow | $ | 35.8 | $ | 9.0 | $ | 33.8 | $ | 44.8 | $ | 11.1 | |||||||||||
| Depreciation, depletion, and amortization expense | $ | 23.5 | $ | 24.9 | $ | 22.0 | $ | 48.4 | $ | 45.5 | |||||||||||
| 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 July 5, 2026, April 5, 2026, and June 29, 2025, and the six month periods ended July 5, 2026 and June 29, 2025, and a reconciliation to net income for such periods. “Adjusted Net Leverage” is a non-GAAP financial measure and refers to Total Debt less Cash & Cash Equivalents, divided by trailing 12-month Adjusted EBITDA. The following also presents Adjusted Net Leverage for the quarterly periods ended July 5, 2026, April 5, 2026, and June 29, 2025. The Company's management believes these non-GAAP measures provide meaningful supplemental information regarding its performance and capital allocation strategies, and facilitates investors' understanding of historic operating trends. | ||||||||||||||||||||
| Quarter Ended | Six Months Ended | ||||||||||||||||||||
| (in millions of dollars) | Jul. 5, | Apr. 5, | Jun. 29, | Jul. 5, | Jun. 29, | ||||||||||||||||
| 2026 | 2026 | 2025 | 2026 | 2025 | |||||||||||||||||
| Net income (loss) attributable to MTI | $ | (183.6 | ) | $ | 36.2 | $ | 45.4 | $ | (147.4 | ) | $ | (98.6 | ) | ||||||||
| Add back: | |||||||||||||||||||||
| Depreciation, depletion, and amortization expense | 23.5 | 24.9 | 22.0 | 48.4 | 45.5 | ||||||||||||||||
| Interest expense, net | 12.1 | 13.3 | 13.6 | 25.4 | 27.8 | ||||||||||||||||
| Equity in earnings of affiliates, net of tax | (2.5 | ) | (1.3 | ) | (1.1 | ) | (3.8 | ) | (2.3 | ) | |||||||||||
| Net income attributable to non-controlling interests | 1.0 | 1.1 | 0.9 | 2.1 | 1.9 | ||||||||||||||||
| Provision (benefit) for taxes on income | (46.2 | ) | 9.9 | 13.9 | (36.3 | ) | (18.2 | ) | |||||||||||||
| EBITDA | (195.7 | ) | 84.1 | 94.7 | (111.6 | ) | (43.9 | ) | |||||||||||||
| Add special items: | |||||||||||||||||||||
| Provision for litigation accrual and credit losses | 290.0 | 0.0 | 0.0 | 290.0 | 215.0 | ||||||||||||||||
| Restructuring and other items | 0.0 | 0.0 | 5.8 | 0.0 | 11.3 | ||||||||||||||||
| Gain on sale of assets, net | 0.0 | 0.0 | (5.6 | ) | 0.0 | (5.6 | ) | ||||||||||||||
| Litigation expenses | 4.9 | 8.8 | 4.2 | 13.7 | 7.0 | ||||||||||||||||
| Adjusted EBITDA | $ | 99.2 | $ | 92.9 | $ | 99.1 | $ | 192.1 | $ | 183.8 | |||||||||||
| % of sales | 18.1 | % | 17.0 | % | 18.7 | % | 17.5 | % | 18.0 | % | |||||||||||
| Total Debt | $ | 964.9 | $ | 966.2 | $ | 983.3 | |||||||||||||||
| Less: cash, cash equivalents and short-term investments | 346.2 | 321.3 | 320.0 | ||||||||||||||||||
| Total | $ | 618.7 | $ | 644.9 | $ | 663.3 | |||||||||||||||
| TTM Adjusted EBITDA | $ | 379.7 | $ | 379.6 | $ | 381.3 | |||||||||||||||
| Adjusted net leverage | 1.6X | 1.7X | 1.7X | ||||||||||||||||||
| 5) | The following table reflects the components of non-operating income and deductions: | ||||||||||||||||||||
| (in millions of dollars) | Quarter Ended | Six Months Ended | |||||||||||||||||||
| Jul. 5, | Apr. 5, | Jun. 29, | Jul. 5, | Jun. 29, | |||||||||||||||||
| 2026 | 2026 | 2025 | 2026 | 2025 | |||||||||||||||||
| Interest income | $ | 1.5 | $ | 1.3 | $ | 1.2 | $ | 2.8 | $ | 2.4 | |||||||||||
| Interest expense | (13.6 | ) | (14.6 | ) | (14.8 | ) | (28.2 | ) | (30.2 | ) | |||||||||||
| Foreign exchange gains (losses) | 0.7 | 1.4 | (1.7 | ) | 2.1 | (1.9 | ) | ||||||||||||||
| Other income (deductions) | 0.4 | (0.9 | ) | (0.2 | ) | (0.5 | ) | (2.0 | ) | ||||||||||||
| Total non-operating deductions, net | $ | (11.0 | ) | $ | (12.8 | ) | $ | (15.5 | ) | $ | (23.8 | ) | $ | (31.7 | ) | ||||||
| 6) | The analyst conference call to discuss operating results for the second quarter is scheduled for Friday, July 31, 2026 at 11:00 am Eastern Time 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 | Six Months Ended | % Growth | ||||||||||||||||||||||||||||||||||||
| SALES DATA | Jul. 5, | % of | Apr. 5, | % of | Jun. 29, | % of | Prior | Prior | Jul. 5, | % of | Jun. 29, | % of | Prior | ||||||||||||||||||||||||||
| 2026 | Total Sales | 2026 | Total Sales | 2025 | Total Sales | Qtr. | Year | 2026 | Total Sales | 2025 | Total Sales | Year | |||||||||||||||||||||||||||
| United States | $ | 275.4 | 50 | % | $ | 280.6 | 51 | % | $ | 281.9 | 53 | % | (2 | )% | (2 | )% | $ | 556.0 | 51 | % | $ | 544.3 | 53 | % | 2 | % | |||||||||||||
| International | 273.0 | 50 | % | 266.3 | 49 | % | 247.0 | 47 | % | 3 | % | 11 | % | 539.3 | 49 | % | 476.4 | 47 | % | 13 | % | ||||||||||||||||||
| Net Sales | $ | 548.4 | 100 | % | $ | 546.9 | 100 | % | $ | 528.9 | 100 | % | 0 | % | 4 | % | $ | 1,095.3 | 100 | % | $ | 1,020.7 | 100 | % | 7 | % | |||||||||||||
| Household & Personal Care | $ | 123.4 | 22 | % | $ | 142.4 | 26 | % | $ | 127.4 | 24 | % | (13 | )% | (3 | )% | $ | 265.8 | 24 | % | $ | 250.5 | 25 | % | 6 | % | |||||||||||||
| Specialty Additives | 151.1 | 28 | % | 154.2 | 28 | % | 150.3 | 28 | % | (2 | )% | 1 | % | 305.3 | 28 | % | 295.5 | 29 | % | 3 | % | ||||||||||||||||||
| Consumer & Specialties Segment | $ | 274.5 | 50 | % | $ | 296.6 | 54 | % | $ | 277.7 | 52 | % | (7 | )% | (1 | )% | $ | 571.1 | 52 | % | $ | 546.0 | 54 | % | 5 | % | |||||||||||||
| High-Temperature Technologies | $ | 190.3 | 35 | % | $ | 183.3 | 34 | % | $ | 178.4 | 34 | % | 4 | % | 7 | % | $ | 373.6 | 34 | % | $ | 347.8 | 34 | % | 7 | % | |||||||||||||
| Environmental & Infrastructure | 83.6 | 15 | % | 67.0 | 12 | % | 72.8 | 14 | % | 25 | % | 15 | % | 150.6 | 14 | % | 126.9 | 12 | % | 19 | % | ||||||||||||||||||
| Engineered Solutions Segment | $ | 273.9 | 50 | % | $ | 250.3 | 46 | % | $ | 251.2 | 48 | % | 9 | % | 9 | % | $ | 524.2 | 48 | % | $ | 474.7 | 46 | % | 10 | % | |||||||||||||
| MTI Consolidated Net Sales | $ | 548.4 | 100 | % | $ | 546.9 | 100 | % | $ | 528.9 | 100 | % | 0 | % | 4 | % | $ | 1,095.3 | 100 | % | $ | 1,020.7 | 100 | % | 7 | % | |||||||||||||
| MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | ||||||||||||||||||||||||||
| SUPPLEMENTARY DATA | ||||||||||||||||||||||||||
| (in millions of dollars) | ||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||
| Quarter Ended | % Growth | Six Months Ended | % Growth | |||||||||||||||||||||||
| Jul. 5, | Apr. 5, | Jun. 29, | Prior | Prior | Jul. 5, | Jun. 29, | Prior | |||||||||||||||||||
| SEGMENT OPERATING INCOME (LOSS) DATA | 2026 | 2026 | 2025 | Qtr. | Year | 2026 | 2025 | Year | ||||||||||||||||||
| Consumer & Specialties Segment | $ | 29.3 | $ | 32.5 | $ | 34.0 | (10)% | (14)% | $ | 61.8 | $ | 61.5 | ||||||||||||||
| % of Sales | 10.7 | % | 11.0 | % | 12.2 | % | 10.8 | % | 11.3 | % | ||||||||||||||||
| Engineered Solutions Segment | $ | 48.8 | $ | 39.3 | $ | 46.8 | $ | 88.1 | $ | 80.4 | ||||||||||||||||
| % of Sales | 17.8 | % | 15.7 | % | 18.6 | % | 16.8 | % | 16.9 | % | ||||||||||||||||
| Unallocated and Other Corporate Expenses | $ | (298.4 | ) | $ | (13.1 | ) | $ | (6.2 | ) | * | * | $ | (311.5 | ) | $ | (227.4 | ) | * | ||||||||
| MTI Consolidated | $ | (220.3 | ) | $ | 58.7 | $ | 74.6 | * | * | $ | (161.6 | ) | $ | (85.5 | ) | * | ||||||||||
| % of Sales | * | 10.7 | % | 14.1 | % | * | * | |||||||||||||||||||
| SPECIAL ITEMS | ||||||||||||||||||||||||||
| Consumer & Specialties Segment | $ | - | $ | - | $ | 3.3 | * | * | $ | - | $ | 5.8 | * | |||||||||||||
| Engineered Solutions Segment | $ | - | $ | - | $ | (3.1 | ) | * | * | $ | - | $ | (2.3 | ) | * | |||||||||||
| Unallocated and Other Corporate Expenses | $ | 294.9 | $ | 8.8 | $ | 4.2 | * | * | $ | 303.7 | $ | 224.2 | * | |||||||||||||
| MTI Consolidated | $ | 294.9 | $ | 8.8 | $ | 4.4 | * | * | $ | 303.7 | $ | 227.7 | * | |||||||||||||
| 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, excluding special items (set forth in the above table), for the quarterly periods ended July 5, 2026, April 5, 2026, and June 29, 2025, and the six month periods ended July 5, 2026 and June 29, 2025, 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 | Six Months Ended | % Growth | |||||||||||||||||||||||
| SEGMENT OPERATING INCOME, | Jul. 5, | Apr. 5, | Jun. 29, | Prior | Prior | Jul. 5, | Jun. 29, | Prior | ||||||||||||||||||
| EXCLUDING SPECIAL ITEMS | 2026 | 2026 | 2025 | Qtr. | Year | 2026 | 2025 | Year | ||||||||||||||||||
| Consumer & Specialties Segment | $ | 29.3 | $ | 32.5 | $ | 37.3 | (10)% | (21)% | $ | 61.8 | $ | 67.3 | (8)% | |||||||||||||
| % of Sales | 10.7 | % | 11.0 | % | 13.4 | % | 10.8 | % | 12.3 | % | ||||||||||||||||
| Engineered Solutions Segment | $ | 48.8 | $ | 39.3 | $ | 43.7 | $ | 88.1 | $ | 78.1 | ||||||||||||||||
| % of Sales | 17.8 | % | 15.7 | % | 17.4 | % | 16.8 | % | 16.5 | % | ||||||||||||||||
| Unallocated and Other Corporate Expenses | $ | (3.5 | ) | $ | (4.3 | ) | $ | (2.0 | ) | (19)% | $ | (7.8 | ) | $ | (3.2 | ) | ||||||||||
| MTI Consolidated | $ | 74.6 | $ | 67.5 | $ | 79.0 | (6)% | $ | 142.1 | $ | 142.2 | (0)% | ||||||||||||||
| % of Sales | 13.6 | % | 12.3 | % | 14.9 | % | 13.0 | % | 13.9 | % | ||||||||||||||||
| * Percentage not meaningful | ||||||||||||||||||||||||||
| MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | ||||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
| (in millions of dollars) | ||||||||
| ASSETS | ||||||||
| July 5, | December 31, | |||||||
| 2026* | 2025** | |||||||
| Current assets: | ||||||||
| Cash & cash equivalents | $ | 342.2 | $ | 329.0 | ||||
| Short-term investments | 4.0 | 3.6 | ||||||
| Accounts receivable, net | 412.6 | 400.1 | ||||||
| Inventories | 355.6 | 350.2 | ||||||
| Prepaid expenses and other current assets | 69.3 | 72.7 | ||||||
| Total current assets | 1,183.7 | 1,155.6 | ||||||
| Property, plant, and equipment | 2,329.9 | 2,308.9 | ||||||
| Less accumulated depreciation | 1,297.0 | 1,283.9 | ||||||
| Net property, plant, and equipment | 1,032.9 | 1,025.0 | ||||||
| Goodwill | 915.9 | 915.9 | ||||||
| Intangible assets | 202.4 | 208.7 | ||||||
| Other assets and deferred charges | 160.3 | 163.8 | ||||||
| Total assets | $ | 3,495.2 | $ | 3,469.0 | ||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||
| Current liabilities: | ||||||||
| Short-term debt | $ | 6.0 | $ | 0.4 | ||||
| Current maturities of long-term debt | 6.0 | 6.3 | ||||||
| Accounts payable | 202.6 | 187.9 | ||||||
| Other current liabilities | 613.9 | 360.8 | ||||||
| Total current liabilities | 828.5 | 555.4 | ||||||
| Long-term debt | 952.9 | 955.0 | ||||||
| Deferred income taxes | 29.7 | 90.7 | ||||||
| Other non-current liabilities | 107.3 | 118.2 | ||||||
| Total liabilities | 1,918.4 | 1,719.3 | ||||||
| Total MTI shareholders' equity | 1,544.9 | 1,713.4 | ||||||
| Non-controlling interests | 31.9 | 36.3 | ||||||
| Total shareholders' equity | 1,576.8 | 1,749.7 | ||||||
| Total liabilities and shareholders' equity | $ | 3,495.2 | $ | 3,469.0 | ||||
| * Unaudited | ||||||||
| ** Condensed from audited financial statements. | ||||||||
