Welcome to our dedicated page for Minerals Tech news (Ticker: MTX), a resource for investors and traders seeking the latest updates and insights on Minerals Tech stock.
Minerals Tech (NYSE: MTX) delivers innovative mineral-based solutions across consumer and industrial markets worldwide. This dedicated news hub provides investors and stakeholders with timely updates on corporate developments, operational milestones, and strategic initiatives.
Access authoritative coverage of MTX's earnings announcements, product innovations, and market expansions. Our curated collection includes press releases on new technologies in mineral processing, partnerships in engineered solutions, and sustainability progress across global operations.
Key updates span all business segments including Consumer & Specialties product launches, Engineered Solutions contracts, and advancements in refractory technologies. Bookmark this page for direct access to Materials Tech's official financial communications, leadership updates, and industry recognition.
For comprehensive tracking of MTX's performance in specialty minerals and industrial technologies, revisit regularly for verified updates. Enable informed decision-making through centralized access to Materials Tech's evolving story in mineral science and application engineering.
Minerals Technologies reported third-quarter financial results with net sales of $388.3 million, a 9% sequential increase, yet 14% lower year-over-year. Diluted earnings per share (EPS) were $0.92, down from $1.06 the previous year. Operating income rose to 12.5% of sales, while strong cash flow from operations reached $54.3 million. The company improved financial flexibility by extending debt maturities through a recent private offering. Demand improved across several markets, particularly in consumer-oriented products.
Minerals Technologies Inc. (NYSE: MTX) has announced a new $75 million share repurchase program, replacing the previous $50 million program that expired on October 23, 2020. This initiative reflects the Board of Directors' confidence in the company's robust cash flow and business model. The program allows repurchases in the open market or private transactions subject to market conditions. CEO Douglas T. Dietrich emphasized that this balanced approach to capital deployment will benefit shareholders while supporting strategic growth initiatives.
Minerals Technologies (NYSE: MTX) has declared a quarterly dividend of $0.05 per share on its common stock. This dividend will be payable on December 10, 2020, to stockholders of record by November 2, 2020. In 2019, the company reported $1.8 billion in sales and offers a diverse range of specialty mineral products and services across multiple industries, including paper, steel, and energy. The announcement reflects the company’s continued commitment to returning value to shareholders.
Minerals Technologies Inc. (NYSE: MTX) will report its third-quarter results for the period ending September 27, 2020, on October 29, 2020, after market close. A conference call to discuss these results is scheduled for October 30, 2020, at 11:00 a.m. ET. Interested parties can access the call via the company's website. In 2019, MTI reported sales of $1.8 billion, serving multiple industries including paper, steel, and energy. For further information, visit www.mineralstech.com.
Minerals Technologies Inc. (NYSE: MTX) announced that CEO Douglas Dietrich and CFO Matthew Garth will present at the Sidoti & Company Fall 2020 Investor Conference on September 23, 2020, at 12:15 p.m. ET. The presentation will be available via a live broadcast on the company's Investor Relations page. A replay will also be accessible post-event. In 2019, MTI reported sales of $1.8 billion, highlighting its role as a key player in specialty mineral and related product markets.
Minerals Technologies Inc. (NYSE: MTX) will participate in a virtual fireside chat at CL King’s 18th Annual Best Ideas Conference on September 16, 2020, at 11:45 a.m. Eastern Time. CEO Douglas Dietrich and CFO Matthew Garth will lead the discussion. A live broadcast will be available on the company's website under the Investor Events section, with a replay accessible afterward. In 2019, MTI reported sales of $1.8 billion and serves diverse industries including paper, steel, and construction.
Minerals Technologies Inc. (NYSE: MTX) has appointed Erin N. Cutler as Vice President, Human Resources, effective immediately. Cutler succeeds Thomas J. Meek and will report to CEO Douglas T. Dietrich. She has over 10 years of HR experience and has been with MTI since 2015, where she has led various HR initiatives. CEO Dietrich praised her leadership and commitment to the company’s culture. MTI reported sales of $1.8 billion in 2019 and serves multiple industries including paper and construction.
Minerals Technologies Inc. (MTX) announced a diluted EPS of $0.85 for Q2 2020, down from $1.11 in the previous year, with reported EPS at $0.42. Net sales reached $357.2 million, a decline of 23% due to COVID-19 impacts. Operating income was $27.2 million, or 7.6% of sales, with operating income excluding special items at $42 million. The company signed new PCC contracts in the U.S. and India and maintained $64 million in cash flow from operations. Significant charges of $14.6 million after tax were noted.
Minerals Technologies Inc. (NYSE: MTX) has announced a regular quarterly dividend of $0.05 per share, set to be paid on September 3, 2020. Shareholders of record will be those on August 21, 2020. The company reported sales reaching $1.8 billion in 2019, positioning itself as a leader in specialty mineral and synthetic mineral product development across various industries, including paper, foundry, and energy. This dividend declaration highlights the company's ongoing commitment to returning value to its shareholders.
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