Minerals Tech Stock Price, News & Analysis

Minerals Technologies Inc. (NYSE: MTX) announced on April 18, 2023, the signing of three long-term supply agreements for precipitated calcium carbonate (PCC) with major paper companies in India and China. The agreements, with Andhra Paper Limited, Nine Dragons Paper, and Zhejiang Zhefeng New Materials, will lead to the establishment of on-site PCC satellite plants, generating over 180,000 metric tons of PCC annually. Operations will commence in late 2023 and early 2024, enhancing MTI's Specialty Additives product line. With a focus on sustainability, the India plant will utilize NewYield® LO PCC technology, improving the efficiency of paper mills. MTI continues to leverage its 53 satellite plants worldwide, reaffirming its position as an industry leader in paper and packaging filler technologies.

Minerals Technologies Inc. (NYSE: MTX) announced the release of its fourth quarter financial results for the period ending April 2, 2023. The results will be made available on April 27, 2023, after market closure. A conference call to discuss these findings is scheduled for April 28, 2023, at 11:00 a.m. Eastern Time. Investors can access the live webcast via the company's investor relations website.

Minerals Technologies is a leading specialty minerals company, recognized for its technology-driven approach in developing and marketing an extensive array of mineral-based products. In 2022, the company reported global sales of $2.1 billion, serving diverse markets such as household and personal care, paper and packaging, foundry, and environmental solutions.

Minerals Technologies (NYSE: MTX) is set to host its Investor Day on May 24, 2023, from 8:30 a.m. to 11:30 a.m. EST at the New York Stock Exchange. This event will showcase the company's transformation over the past five years and its focus on sustainable growth. Chairman and CEO Douglas T. Dietrich will detail business positions, growth drivers, and how the new operating structure aims to enhance stakeholder value. Participants can access the live webcast at investors.mineralstech.com, and a replay will be available post-event. In 2022, Minerals Technologies reported global sales of $2.1 billion, serving diverse markets including personal care and environmental solutions.

Minerals Technologies reported a challenging fourth quarter for 2022, with earnings per share of $0.67, down from $1.25 in the prior year. For the full year, EPS was $4.88, slightly lower than $5.02 in 2021. Fourth quarter sales reached $508 million, a 6% increase year-over-year, despite COVID-related shutdowns in China and severe weather in the U.S. Full-year sales hit a record $2.13 billion, up 14%. Price increases of $210 million successfully offset inflation of $191 million. The company announced a reorganization into two segments for 2023 to improve management efficiency.

Minerals Technologies Inc. (MTX) has declared a quarterly dividend of $0.05 per share on its common stock, set to be paid on March 9, 2023. Stockholders must be on record by February 16, 2023 to receive this dividend. MTX, based in New York, specializes in a wide range of mineral products and services across various industries including consumer products, construction, and energy. The company reported sales of $1.9 billion in 2021, showcasing its robust market presence and stability.