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) 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.
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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.