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 Technologies Inc. reports developments for a global specialty minerals business that develops, produces, and markets minerals and mineral-based products and services for consumer and industrial markets. The company operates through Consumer & Specialties, including Household & Personal Care and Specialty Additives, and Engineered Solutions, including High-Temperature Technologies and Environmental & Infrastructure.
Recurring MTX news includes quarterly results, conference-call announcements, dividend declarations, investor-conference participation, and capacity updates for paper and packaging satellite plants. Company updates also describe mineral-to-market household products, specialty additives for paper, packaging, food, pharmaceuticals, coatings and construction, and process technologies used in manufacturing, environmental and infrastructure applications.
Minerals Technologies Inc. (NYSE: MTX) has signed an agreement with Zhumadianshi Baiyun Paper Co., LTD to establish a 50,000 metric ton per year precipitated calcium carbonate (PCC) plant at Baiyun Paper's mill in China. This facility, set to begin operations in early 2022, will be wholly owned by MTI and marks its tenth satellite PCC plant in the country. The partnership highlights MTI's growth strategy in Asia and aims to enhance product quality while reducing costs for Baiyun Paper.
Minerals Technologies Inc. (MTX) will announce its first-quarter financial results for the period ending April 4, 2021, on May 6, 2021, after market close. A conference call to discuss these results is scheduled for May 7, 2021, at 11:00 a.m. ET. The call will be available via webcast on MTI's investor relations webpage. In 2020, MTI reported sales of $1.6 billion and operates in industries including paper, construction, and energy.
Minerals Technologies Inc. (NYSE: MTX) announced that CEO Douglas Dietrich and CFO Matthew Garth will present at the Sidoti & Company Spring Virtual Investor Conference on March 24, 2021, at 9:15 a.m. ET. Interested investors can access a live broadcast on the Company’s website under the Investor Events section, with a replay available post-event. Minerals Technologies, headquartered in New York, reported $1.6 billion in sales for 2020, providing specialty mineral products across various industries including paper, steel, and construction.
Minerals Technologies Inc. (MTX) has appointed Douglas T. Dietrich as Chairman of the Board, in addition to his role as CEO, effective immediately. He succeeds Duane R. Dunham, who will retire after the 2023 Annual Meeting. The Board also appointed Robert L. Clark as Lead Independent Director. This change reflects the Board’s confidence in Dietrich's leadership since 2016, aimed at enhancing MTI's governance and operational performance. MTI reported $1.6 billion in sales in 2020, servicing various industries including paper and construction.
Minerals Technologies Inc. (MTX) will present virtually at the G.research Specialty Chemicals Conference on March 11, 2021, at 11:30 a.m. Eastern Time. The presentation will feature Douglas Dietrich, CEO, and Matthew Garth, CFO. A live broadcast will be accessible on the company's website under the Investor Events section, with a replay available afterward. In 2020, MTI reported sales of $1.6 billion and operates in various industries, including paper, steel, and energy.
Minerals Technologies Inc. (NYSE: MTX) reported 2020 earnings of $3.29 per share, with fourth-quarter sales reaching $432 million, an 11% increase sequentially. The company experienced improved demand across major markets, leading to a sequential operating margin increase and strong cash flow from operations of $92 million. Despite a challenging environment, productivity improved by 4%, and cash flow for the year was $241 million. The full-year sales were down 11% compared to the previous year, primarily due to COVID-19 effects, but the company enhanced financial flexibility by extending debt maturities.
Minerals Technologies Inc. (NYSE: MTX) announced a quarterly dividend of $0.05 per share, to be paid on March 11, 2021, for stockholders on record as of February 19, 2021. This underscores the company's commitment to returning value to shareholders amidst its operations in diverse industries, including paper, foundry, and energy. In 2019, MTI reported sales of $1.8 billion. The consistent dividend reflects the company's financial health and operational stability.
Minerals Technologies Inc. (NYSE: MTX) will release its fourth quarter results for 2020 on February 4, 2021, after market close. A conference call is scheduled for February 5, 2021, at 11:00 a.m. ET to discuss these results. The call will be available via webcast on the company's website. In 2019, MTI reported sales of $1.8 billion, developing and marketing specialty mineral products across various industries including paper, steel, and construction.
Minerals Technologies Inc. has announced a price increase on its mineral product portfolio, effective January 1, 2021. The increases, ranging from 3 to 10%, will vary based on individual customer contracts. This adjustment aims to offset rising operational costs and facilitate continued investments in mining and technology. Specific products include ground calcium carbonate, precipitated calcium carbonate, quicklime, and talc, with price hikes varying by product type.
Minerals Technologies Inc. (NYSE: MTX) announced it will not pursue its all-cash offer of 130 pence per share for Elementis, following a rejection by Elementis' Board. MTX believes its proposal was fair based on publicly available information and is disappointed with the Board's stance. The company remains committed to disciplined consolidation opportunities, signaling a strategic approach in its future endeavors.