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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 declared a quarterly dividend of $0.05 per share on its common stock. This dividend will be payable on June 16, 2022, to stockholders of record as of June 2, 2022. The company reported sales of $1.9 billion in 2021 and operates globally, offering specialty mineral products for various industries including consumer products and construction.
Minerals Technologies Inc. (MTX) reported a record first quarter for 2022, with sales of $519 million, reflecting a 15% increase year-over-year. Diluted EPS reached $1.36 excluding special items, up 16% from the previous year. Operating income was $66 million, also a record, growing 15% year-over-year. The company returned $18 million to shareholders through share repurchases and dividends. CEO Douglas T. Dietrich highlighted successful growth initiatives and solid performance across all segments, projecting continued growth throughout 2022.
Minerals Technologies Inc. (NYSE: MTX) will release its first-quarter financial results on April 28, 2022, after market close. A conference call to discuss the results is scheduled for April 29, 2022, at 11:00 a.m. Eastern Time, available via webcast on the company's website. MTI is a global leader in specialty mineral products, reporting sales of $1.9 billion in 2021. For more details, visit www.mineralstech.com.
Minerals Technologies reported a strong performance for the full year 2021, achieving a record EPS of $5.02, up 26% from the previous year, and sales of $1.86 billion, a 17% increase. The fourth quarter saw EPS of $1.25, 16% above last year, with sales reaching $477 million. Cash flow from operations was $232 million for the year, and the company expanded its consumer portfolio through the acquisition of Normerica. Despite facing logistics and inflationary challenges, management anticipates strong growth in 2022.
Minerals Technologies Inc. (NYSE: MTX) has announced a quarterly dividend of $0.05 per share on its common stock. This dividend is set to be paid on March 10, 2022, to shareholders recorded by February 17, 2022. The New York-based company specializes in a broad range of specialty minerals and reported sales of $1.6 billion in 2020. This announcement reinforces the company’s commitment to returning value to its shareholders.
Minerals Technologies Inc. (NYSE: MTX) will release its fourth-quarter results for the period ending December 31, 2021, on February 3, 2022, after market close. A conference call to discuss these results will occur on February 4, 2022, at 11:00 a.m. Eastern Time. The call will be accessible via the company's website. MTI, based in New York, provides specialty mineral products and services across various industries, with reported sales of $1.6 billion in 2020.
Minerals Technologies Inc. (MTX) has announced two long-term contracts to enhance its presence in the packaging market. The first agreement is with Asia Symbol to supply ground calcium carbonate (GCC) for their new white paperboard mill in China, expected to start operations in 2023. The second contract is with Seshasayee Paper and Boards Ltd to construct a 22,000 metric ton per year precipitated calcium carbonate (PCC) plant in India, scheduled to operate by late 2022. These contracts highlight MTX's strategy to expand geographically and diversify its product offerings.
Minerals Technologies Inc. (NYSE: MTX) reported strong third-quarter results for 2021, achieving an EPS of $1.30, up 41% year-over-year, and sales of $473.2 million, a 22% increase. Major contributions came from the acquisition of Normerica, adding $20 million to quarterly sales. Operating income rose 23% year-over-year to $60.6 million. The company demonstrated a cash flow from operations of $163.1 million, a 10% year-to-date improvement, enhanced by a new $75 million share repurchase program.
Minerals Technologies Inc. (NYSE: MTX) has authorized a new $75 million share repurchase program following the completion of its previous equivalent initiative. This move is seen as a display of the Board's confidence in the company's robust cash flow and business model, according to CEO Douglas T. Dietrich. The repurchase will be executed based on market conditions and legal requirements, giving MTX the flexibility to enhance shareholder value while continuing to invest in growth initiatives.
Minerals Technologies Inc. (MTX) has declared a quarterly dividend of $0.05 per share on its common stock. This dividend is payable on December 9, 2021, to stockholders who are on record as of November 3, 2021. The company, which reported sales of $1.6 billion in 2020, operates in various industries, including paper, foundry, and construction.
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