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) 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.
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.