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 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.
Minerals Technologies Inc. (NYSE: MTX) announced that it will release its fourth-quarter results for the period ended December 31, 2022, on February 2, 2023, after market close. A conference call to discuss the results will take place on February 3, 2023, at 11:00 a.m. Eastern Time, and will be accessible via webcast on the company's website. Minerals Technologies is a resource- and technology-based company offering specialty mineral products and related services across various industries, reporting $1.9 billion in sales for 2021.
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.
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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.