Minerals Tech Stock Price, News & Analysis

Minerals Technologies Inc. (NYSE: MTX) has announced the promotion of Erik Aldag to Senior Vice President, Finance and Treasury, and Chief Financial Officer, succeeding Matthew Garth. Aldag, who joined MTI in 2017, has previously held roles in financial planning and investor relations. Chairman Douglas T. Dietrich expressed confidence in Aldag's capabilities to strengthen MTI's position as a global specialty minerals company. Aldag brings extensive experience in corporate finance and has a solid academic background, holding degrees from Boston University and Columbia University.

Minerals Technologies Inc. (MTX) reported Q3 2022 net sales of $542 million, a 15% increase year-over-year and 22% growth on a constant currency basis. Operating income was $36 million, or $67 million excluding special items. EPS was $1.35, up 4% from the prior year. The company returned $17 million to shareholders through repurchases and dividends. Despite challenges like higher energy costs and soft demand in Europe, MTX focused on cost control and operational discipline while extending debt maturities to 2027.

Minerals Technologies Inc. (NYSE: MTX) has declared a quarterly dividend of $0.05 per share. This dividend will be payable on December 8, 2022, to stockholders on record as of November 2, 2022. The company, based in New York, specializes in developing and marketing a wide range of specialty and synthetic mineral products across various industries, having reported sales of $1.9 billion in 2021. For more information, visit www.mineralstech.com.

Minerals Technologies Inc. (MTX) will announce its third quarter results for the period ending October 2, 2022, on October 27, 2022, post-market. A conference call to discuss these results is scheduled for October 28, 2022, at 11:00 a.m. Eastern Time. This call will be available via webcast on the company’s website. In 2021, MTI reported sales of $1.9 billion, serving various industries including consumer products, paper, and energy.

Minerals Technologies Inc. (MTX) reported a record second quarter for 2022, with sales of $557 million, representing a 22% year-over-year increase and a 27% rise on a constant currency basis. Operating income reached $69 million, or $74 million excluding special items, marking a 15% YoY growth. The company achieved EPS of $1.50 excluding special items, a 16% increase compared to the previous year. MTX also announced the acquisition of Concept Pet, enhancing its portfolio. Shareholders benefited from $26 million returned through repurchases and dividends.

Minerals Technologies Inc. (MTX) announced a quarterly dividend of $0.05 per share, payable on September 9, 2022, to stockholders recorded on August 19, 2022. In 2021, the company achieved sales of $1.9 billion, showcasing its role as a global provider of specialty mineral products across various industries including consumer products, paper, and construction.

Minerals Technologies Inc. (MTX) has scheduled its second-quarter results announcement for July 28, 2022, following market close. The conference call for discussing these results will take place on July 29, 2022, at 11:00 a.m. Eastern Time. Investors can access the webcast through the company's official website, where they will find further details under the 'Investor Relations' section. In 2021, MTI reported sales of $1.9 billion and continues to provide innovative mineral-based solutions across various industries.

Minerals Technologies Inc. (NYSE: MTX) announced the election of Rocky Motwani to its Board of Directors. Motwani brings over 20 years of diverse experience in financial services, technology, and entrepreneurship, enhancing MTI's board with fresh insights. His previous roles include positions at JLL, McKinsey & Company, and J.P. Morgan, where he contributed to significant technological advancements. MTI, a global resource and technology company, reported sales of $1.9 billion in 2021 and focuses on serving various industries including consumer products and environmental sectors.