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. (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.
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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.
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.