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Minerals Technologies Inc - $MTX STOCK NEWS

Welcome to our dedicated page for Minerals Technologies news (Ticker: $MTX), a resource for investors and traders seeking the latest updates and insights on Minerals Technologies stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Minerals Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Minerals Technologies Inc. to release Q3 2023 results on October 26, 2023
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End-of-Day
1.72%
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Rhea-AI Summary
Minerals Technologies Inc. subsidiaries, Barretts Minerals Inc. and Barretts Ventures Texas LLC, have filed for Chapter 11 bankruptcy to address talc liabilities. The company believes the lawsuits are meritless and intends to operate normally. BMI plans to sell its talc assets to fund the bankruptcy case and a section 524(g) trust. They have received $30 million in debtor-in-possession financing. No other subsidiaries are affected. Important stakeholders will be resolved through this process.
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-1.99%
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Rhea-AI Summary
Minerals Technologies Inc. to present at Jefferies Industrials Conference on September 7, 2023
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0.22%
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conferences
Rhea-AI Summary
Minerals Technologies Inc. reported diluted earnings per share of $1.31 excluding special items for Q2 2023. Operating margin improved by 120 bps sequentially. The company initiated a $10 million cost savings program and plans to exit the talc business. They also signed an agreement in Brazil to deploy new technology. Worldwide net sales were $552 million, up 1% sequentially. Consumer & Specialties segment sales were $290 million, down 2% sequentially. Engineered Solutions segment sales were $261 million, up 5% sequentially. MTI has initiated a cost savings program to achieve approximately $10 million in annualized savings.
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0.3%
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Minerals Technologies Inc. has entered into an agreement to upgrade one of its PCC plants in Brazil by integrating its NewYield® LO PCC technology. The technology converts waste from paper mills into a functional filler pigment, reducing disposal costs and raw material consumption.
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1.03%
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2.61%
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3.21%
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Rhea-AI Summary
Minerals Technologies Inc. (MTI) will release its second quarter results on July 27, 2023, followed by a conference call on July 28, 2023, to discuss the results.
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-0.39%
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Rhea-AI Summary
Minerals Technologies Inc. (NYSE: MTX) announced that its subsidiary, Barretts Minerals Inc., will exit the talc business. In 2022, BMI’s talc net sales were approximately $57 million and represented 2.7 percent of the Company’s consolidated revenue. BMI is exploring structural alternatives, including a potential sale of talc assets, and has engaged Jefferies LLC to manage the divestment process.
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2.15%
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-0.28%
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Minerals Technologies Inc

NYSE:MTX

MTX Rankings

MTX Stock Data

2.49B
31.78M
1.08%
98.82%
0.8%
All Other Miscellaneous Chemical Product and Preparation Manufacturing
Manufacturing
Link
United States of America
NEW YORK

About MTX

minerals technologies inc. is a resource- and technology-based company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. the company has five reportable segments: specialty minerals, refractories, performance materials, construction technologies and energy services. the specialty minerals, performance materials and construction technologies segments produce and sell products and technologies based primarily upon the mineral products calcium carbonate, bentonite, talc, chromite and leonardite. these segments are used principally in the paper, metalcasting, building materials, paints and coatings, consumer products, ceramic, polymer, and food and pharmaceutical industries. the refractories and energy services segments both produce and market patented technologies, products and services. the refractories segment produces monolithic refractory materials and specialty