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 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.
Minerals Technologies Inc. (NYSE: MTX) has announced it will release its second-quarter results for the period ending June 28, 2020, on July 30, 2020, after market close. A conference call to discuss these results is scheduled for July 31, 2020, at 11:00 a.m. Eastern Time, which will be accessible via a webcast on the company's website. Minerals Technologies is a global resource company that reported sales of $1.8 billion in 2019, serving various industries.
Minerals Technologies Inc. (MTX) has announced a private offering of $400 million in 5.000% senior notes due 2028, priced at 100% of the principal amount. The offering, closing on June 30, 2020, is backed by guarantees from the company's subsidiaries. Proceeds will be used to repay outstanding term loans, revolving credit borrowings, and for general corporate purposes. The offering is exempt from registration under the Securities Act, targeting qualified institutional buyers and non-U.S. persons.
Minerals Technologies Inc. (NYSE: MTX) announced a private offering of $400 million in senior notes due 2028. The funds will be used to repay existing fixed-rate term loans, settle outstanding borrowings under its revolving credit facility, and for general corporate purposes. The offering is exempt from the registration requirements of the Securities Act, targeting qualified institutional buyers and non-U.S. persons. There are no assurances that the offering will be completed as planned.
Minerals Technologies (MTX) announced an agreement with Phoenix Paper LLC to establish a satellite precipitated calcium carbonate (PCC) plant in Wickliffe, Kentucky, with a capacity of 35,000 tons per year. The paper mill had been idle for five years before being purchased and restarted by Phoenix Paper, a subsidiary of Shanying International. MTI has supplied PCC from nearby sources since November 2019. The collaboration aims to enhance the quality of paper products by using MTI's PCC technology, which improves brightness, opacity, and bulk while lowering costs.
Minerals Technologies Inc. (MTX) has partnered with Satia Industries Limited to establish a 42,000 metric ton per year satellite precipitated calcium carbonate (PCC) plant at Satia's paper mill in Punjab, India. The plant is expected to commence operations in Q2 2021. This partnership highlights MTX's PCC technology, which enhances the quality of paper while reducing costs. The new facility marks MTX's eighth satellite plant in India, underpinning its ongoing growth in the Asian market. In 2019, MTX reported sales of $1.8 billion, solidifying its position in the specialty mineral market.
Minerals Technologies Inc. (NYSE: MTX) announced a quarterly dividend of $0.05 per share, payable on June 11, 2020, to stockholders of record by May 28, 2020. The company serves various industries, including paper, foundry, and construction, and reported $1.8 billion in sales for 2019. This dividend declaration highlights the company's ongoing commitment to returning value to shareholders while maintaining a robust market presence.
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