Earnings jump at Minerals Technologies (NYSE: MTX) in Q1 2026

Rhea-AI Filing Summary

Minerals Technologies Inc. reported strong first-quarter 2026 results, with net sales of $546.9 million, up 11 percent over the prior year and 5 percent over the prior quarter. Earnings per share were $1.17, or $1.38 excluding special items, a 21 percent increase over the prior year.

Reported operating income was $58.7 million, or $67.5 million excluding special items, and adjusted EBITDA reached $92.9 million. The Consumer & Specialties segment delivered sales of $296.6 million, up 11 percent year over year, while Engineered Solutions generated $250.3 million, up 12 percent year over year. Net income attributable to Minerals Technologies was $36.2 million, compared with a loss in the prior-year quarter. Free cash flow was $9.0 million, and total assets were $3.47 billion as of April 5, 2026.

Insights

Equity research analyst

Q1 2026 shows solid double-digit growth and cleaner earnings quality.

Minerals Technologies delivered Q1 2026 net sales of $546.9 million, up 11% year over year, with volume growth across both segments and a favorable foreign exchange impact of $17 million. Reported EPS was $1.17, or $1.38 excluding special items, a 21% increase over the prior year.

Profitability metrics strengthened, with operating income excluding special items at $67.5 million and adjusted EBITDA at $92.9 million, equal to 17.0% of sales. Both Consumer & Specialties and Engineered Solutions posted double-digit year-over-year sales growth, supported by strong Household & Personal Care, paper and packaging, steel, and environmental project demand.

Cash flow from operations was $32.1 million and free cash flow $9.0 million, reflecting ongoing capital investment of $23.1 million. Management highlighted geopolitical and energy cost headwinds but pointed to innovation initiatives and recent growth investments as drivers of continued momentum through the year.

8-K Event Classification

5 items: 0.0, 2.02, 3.7, 5.5, 9.01

5 items

Item 0.0 Item 0.0

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 3.7 Item 3.7

Item 5.5 Item 5.5

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net sales: $546.9 million Diluted EPS (reported): $1.17 Diluted EPS excluding special items: $1.38 +5 more

8 metrics

Net sales $546.9 million Quarter ended April 5, 2026; up 11% year over year

Diluted EPS (reported) $1.17 Quarter ended April 5, 2026

Diluted EPS excluding special items $1.38 Q1 2026; 21% increase over prior year

Adjusted EBITDA $92.9 million Q1 2026; 17.0% of sales

Net income attributable to MTI $36.2 million Quarter ended April 5, 2026

Consumer & Specialties sales $296.6 million Q1 2026; 11% growth over prior year

Engineered Solutions sales $250.3 million Q1 2026; 12% growth over prior year

Free cash flow $9.0 million Quarter ended April 5, 2026

Key Terms

special items, Adjusted EBITDA, free cash flow, non-operating deductions, net, +2 more

6 terms

special items financial

"earnings per share of $1.17, or $1.38 excluding special items, representing a 21% increase"

Special items are unusual or infrequent gains or losses that a company reports separately from its regular operating profit, such as restructuring costs, asset write-downs, legal settlements, or one-time gains from selling a business. Investors pay attention because these items can make reported profits look better or worse than the company’s ongoing performance—like a homeowner’s one-off roof repair affecting a single month’s budget but not the household’s regular income and expenses.

Adjusted EBITDA financial

"Adjusted EBITDA | $ | 92.9 | | | $ | 87.3 | | | $ | 84.7"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

free cash flow financial

"Free cash flow | $ | 9.0 | | | $ | 31.9 | | | $ | (22.7 | )"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

non-operating deductions, net financial

"Total non-operating deductions, net | | (12.8 | ) | | | (15.4 | )"

litigation expenses financial

"Litigation expenses | | 8.8 | | | | 5.1 | | | | 2.8"

special items: Restructuring and other items financial

"Restructuring and other items | | 0.0 | | | | 3.7 | | | | 5.5"

Earnings Snapshot

Net sales: $546.9 million · Guidance included

Q1 2026

Net sales $546.9 million 11% year-over-year

Diluted EPS (reported) $1.17 increase versus prior-year loss per share

Diluted EPS excluding special items $1.38 21% increase over prior year

Adjusted EBITDA $92.9 million up from $84.7 million prior-year quarter

Guidance

Management stated that sales grew by double digits across multiple businesses and, supported by innovation and growth investments, they expect this momentum to continue through the year.

Understanding 8-K Material Events →

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant To Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 30, 2026

MINERALS TECHNOLOGIES INC.

(Exact name of registrant as specified in its charter)

Delaware		1-11430		25-1190717
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

622 Third Avenue, New York, NY		10017-6707
(Address of principal executive offices)		(Zip Code)

(212) 878-1800

(Registrant's telephone number, including area code)

Title of each class		Trading Symbol		Name of exchange on which registered
Common Stock, $0.10 par value		MTX		New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.
[  ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

1

Item 2.02		Other Events
		On April 30, 2026, Minerals Technologies Inc. issued a press release regarding its financial performance for the first quarter of 2026. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein. The information in this Item 2.02 and Exhibit 99.1 shall not be deemed filed for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 9.01		Financial Statements and Exhibits.
		(d)	Exhibits
			99.1	Press Release dated April 30, 2026
			104	Cover Page Interactive Data File (formatted as inline XBRL)

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		MINERALS TECHNOLOGIES INC.
		(Registrant)
		By:	/s/ Timothy J. Jordan
		Name:	Timothy J. Jordan
		Title:	Vice President, General Counsel, Secretary and Chief Compliance Officer
Date:  April 30, 2026

0000891014 false 0000891014 2026-01-29 2026-01-29

	EXHIBIT 99.1
	News Release

Minerals Technologies Inc. Announces 2026 First Quarter Financial Results

● Earnings per share of $1.17, or $1.38 excluding special items, representing a 21% increase over the prior year

● 11% sales growth over prior year and 5% over prior quarter

● Strong sales growth in both segments, momentum continuing in Q2

NEW YORK, April 30, 2026 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI”), a leading, technology-driven specialty minerals company, today reported earnings per share for the first quarter ended April 5, 2026, of $1.17, or $1.38 excluding special items, representing a 21 percent increase over the prior year.

“In the first quarter, our sales grew by double digits across multiple businesses, underscoring the momentum we have built in recent quarters. Supported by our innovation pipeline and recent growth investments, we expect this momentum to continue through the year,” said Douglas T. Dietrich, MTI’s Chairman and Chief Executive Officer. “Recent geopolitical events presented new challenges; however, consistent with our track record, our teams moved quickly to make the necessary adjustments to navigate higher global energy costs.”

First Quarter 2026 Consolidated Results

In the first quarter, MTI’s worldwide net sales were $547 million, up 11 percent over the prior year, primarily driven by volume growth across both segments. Foreign exchange had a favorable impact on sales of $17 million.

Reported operating income was $59 million, or $68 million excluding special items, up 7 percent over the prior year. Reported operating margin was 10.7 percent of sales, or 12.3 percent excluding special items.

First Quarter 2026 Segment Results

Consumer & Specialties segment sales were $297 million, up 8 percent sequentially and 11 percent over prior year. Sales in the Household & Personal Care product line were $142 million, up 7 percent sequentially and 16 percent over the prior year, driven by cat litter, animal health, fabric care, and edible oil and renewable fuel purification. Sales in the Specialty Additives product line were $154 million, up 9 percent sequentially and 6 percent over the prior year, primarily driven by higher sales to paper and packaging customers.

Segment reported operating income was $33 million, up 18 percent over the prior year or 8 percent excluding special items.

MTI’s Consumer & Specialties segment provides functional components that become part of a variety of consumer and industrial products and touch millions of lives every day. It includes two product lines: Household & Personal Care, which delivers mineral-to-market products for improved performance and enhanced consumer experiences in end markets including cat litter, household and personal care, edible oil and renewable fuel purification, animal health, and agriculture; and Specialty Additives, which offers mineral-based technologies for improved functionality in end markets including paper and packaging, food and pharmaceuticals, sealants and adhesives, paints and coatings, and residential construction.

Engineered Solutions segment sales were $250 million, up 2 percent sequentially and 12 percent over the prior year. Sales in the High-Temperature Technologies product line were $183 million, up 3 percent sequentially and 8 percent over the prior year, driven by continued higher sales to steel customers and supported by a stable performance in our foundry business. In the Environmental & Infrastructure product line, sales were $67 million, flat sequentially and up 24 percent over the prior year, driven by stronger sales related to large-scale project activity, infrastructure drilling, and offshore water treatment.

Segment reported operating income was $39 million, up 17 percent over prior year or 14 percent excluding special items.

MTI’s Engineered Solutions segment provides advanced technologies and solutions designed to improve customers’ manufacturing processes and projects. It includes two product lines: High-Temperature Technologies, which delivers mineral-based blends, technologies, and systems that solve complex challenges in the foundry, steel, and other high-temperature processing industries; and Environmental & Infrastructure, which offers solutions for water treatment, fluid management, building materials, and environmental, remediation, and infrastructure-related projects.

MTI will host a conference call tomorrow, May 1, 2026, at 11 a.m. Eastern Time. The live earnings webcast can be accessed at https://investors.mineralstech.com/quarterly-results-conference-calls. A presentation for the call will be available at the same location at approximately 10:30 a.m. Eastern Time on May 1, 2026.

FORWARD-LOOKING STATEMENTS

This press release may contain "forward‐looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations and forecasts of future events such as new products, revenues, and financial performance, and are not limited to describing historical or current facts. They can be identified by the use of words such as “believes,” “expects,” “plans,” “intends,” “anticipates,” and other words and phrases of similar meaning. Forward-looking statements are necessarily based on assumptions, estimates, and limited information available at the time they are made. A broad variety of risks and uncertainties, both known and unknown, as well as the inaccuracy of assumptions and estimates, can affect the realization of the expectations or forecasts in these statements. Actual future results may vary materially. Significant factors that could affect the expectations and forecasts include worldwide general economic, business, and industry conditions; the cyclicality of our customers’ businesses and their changing regional demands; our ability to compete in very competitive industries; consolidation in customer industries, principally paper, foundry, and steel; our ability to renew or extend long term sales contracts for our satellite operations; our ability to generate cash to service our debt; our ability to comply with the covenants in the agreements governing our debt; our ability to effectively achieve and implement our growth initiatives or consummate the transactions described in the statements; our ability to successfully develop new products; our ability to defend our intellectual property; the increased risks of doing business abroad; the availability of raw materials and access to ore reserves at our mining operations, or increases in costs of raw materials, energy, or shipping; compliance with or changes to regulation in the areas of environmental, health and safety, and tax; risks and uncertainties related to the voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code filed by our subsidiaries BMI OldCo Inc. (f/k/a Barretts Minerals Inc.) and Barretts Ventures Texas LLC; claims for legal, environmental, and tax matters or product stewardship issues; operating risks and capacity limitations affecting our production facilities; seasonality of some of our businesses; cybersecurity and other threats relating to our information technology systems; and other risk factors and cautionary statements in our 2025 Annual Report on Form 10‐K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward‐looking statement, whether as a result of new information, future events, or otherwise.

About Minerals Technologies Inc.

Minerals Technologies Inc. (NYSE:MTX) is a global, technology-driven specialty minerals company that sources, manufactures, sells, and distributes a wide range of minerals and mineral-based products and services. We utilize our global mineral reserves, combined with our core technologies and applications, to deliver innovative products that are an essential part of everyday life. We serve customers in consumer and industrial markets worldwide, have 4,000 employees in 34 countries, and reported global sales of $2.1 billion in 2025. For further information, visit www.mineralstech.com.

Investor Relations Contact

Lydia Kopylova

lydia.kopylova@mineralstech.com

Media Contact

Stephanie Heise

stephanie.heise@mineralstech.com

###

1

MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(in millions of dollars, except per share data)

(unaudited)

	Quarter Ended												% Growth
		Apr. 5,				Dec. 31,				Mar. 30,
		2026				2025				2025				Prior Qtr.				Prior Year
Net sales	$	546.9			$	519.5			$	491.8				5	%			11	%
Cost of goods sold		415.8				395.0				372.2				5	%			12	%
Production margin		131.1				124.5				119.6				5	%			10	%
Marketing and administrative expenses		57.5				52.2				50.6				10	%			14	%
Research and development expenses		6.1				5.8				5.8				5	%			5	%
Provision for litigation accrual and credit losses		0.0				0.0				215.0				*				*
Restructuring and other items		0.0				3.7				5.5				*				*
Gain on sale of assets, net		0.0				(4.3	)			0.0				*				*
Litigation expenses		8.8				5.1				2.8				73	%			214	%
Income (loss) from operations		58.7				62.0				(160.1	)			(5	)%			*
Interest expense, net		(13.3	)			(12.9	)			(14.2	)			3	%			(6	)%
Other non-operating income (deductions), net		0.5				(2.5	)			(2.0	)			*				*
Total non-operating deductions, net		(12.8	)			(15.4	)			(16.2	)			(17	)%			(21	)%
Income (loss) before tax and equity in earnings		45.9				46.6				(176.3	)			(2	)%			*
Provision (benefit) for taxes on income		9.9				9.6				(32.1	)			3	%			*
Equity in earnings of affiliates, net of tax		1.3				1.4				1.2				(7	)%			8	%
Net income (loss)		37.3				38.4				(143.0	)			(3	)%			*
Less: Net income attributable to non-controlling interests		1.1				1.3				1.0				(15	)%			10	%
Net income (loss) attributable to Minerals Technologies Inc. (MTI)	$	36.2			$	37.1			$	(144.0	)			(2	)%			*
Weighted average number of common shares outstanding:
Basic		31.0				31.1				31.9
Diluted		31.0				31.1				31.9
Earnings (loss) per share attributable to MTI:
Basic	$	1.17			$	1.19			$	(4.51	)			(2	)%			*
Diluted	$	1.17			$	1.19			$	(4.51	)			(2	)%			*
Cash dividends declared per common share	$	0.12			$	0.12			$	0.11
* Percentage not meaningful

2

MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES

NOTES TO CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)

1) For comparative purposes, the quarterly periods ended April 5, 2026, December 31, 2025, and March 30, 2025 consisted of 95 days, 94 days, and 89 days, respectively.

2) To supplement the Company's consolidated financial statements presented in accordance with GAAP, the following is a presentation of the Company's non-GAAP earnings per share, excluding special items, for the quarterly periods ended April 5, 2026, December 31, 2025 and March 30, 2025, and a reconciliation to reported earnings per share for such periods. The Company's management believes these non-GAAP measures provide meaningful supplemental information regarding its performance as inclusion of such special items are not indicative of the ongoing operating results and thereby affect the comparability of results between periods. The Company believes inclusion of these non-GAAP measures also provides consistency in its financial reporting and facilitates investors' understanding of historic operating trends.

	(in millions of dollars, except per share data)	Quarter Ended
			Apr. 5,				Dec. 31,				Mar. 30,
			2026				2025				2025
	Net income (loss) attributable to MTI	$	36.2			$	37.1			$	(144.0	)
	% of sales		6.6	%			7.1	%			*
	Special items:
	Provision for litigation accrual and credit losses		0.0				0.0				215.0
	Restructuring and other items		0.0				3.7				5.5
	Gain on sale of assets, net		0.0				(4.3	)			0.0
	Litigation expenses		8.8				5.1				2.8
	Related tax effects on special items		(2.2	)			(2.2	)			(42.9	)
	Net income attributable to MTI, excluding special items	$	42.8			$	39.4			$	36.4
	% of sales		7.8	%			7.6	%			7.4	%
	Diluted earnings per share, excluding special items	$	1.38			$	1.27			$	1.14
	* Percentage not meaningful

In the first quarter of 2025, the Company recorded a $215 million provision to establish a reserve for estimated costs to fund a trust to resolve all current and future talc-related settlements as well as fund the bankruptcy of BMI Oldco Inc.’s (f/k/a Barretts Minerals Inc.) (“Oldco”) and Barretts Ventures Texas LLC, and related litigation costs. Included in this provision is $30 million of additional debtor-in-possession financing by Minerals Technologies Investments LLC to the Debtors, which was committed in Q2 2025. In addition, the Company initiated a cost savings program and recorded a $5.5 million charge relating to severance and other costs in the first quarter of 2025. The Company incurred litigation and settlement expenses of $8.8 million, $5.1 million, and $2.8 million for the quarterly periods ending April 5, 2026, December 31, 2025, and March 30, 2025, respectively, in connection with the bankruptcy of Oldco and lawsuits related to talc products sold by Oldco.

In the fourth quarter of 2025, the Company recorded $3.7 million of restructuring and other items primarily related to the write-down of assets and other charges relating to consolidated and shut-down facilities.

In the fourth quarter of 2025, the Company recorded a $4.3 million net gain related to the sale of our chromite mine in South Africa.

3) Free cash flow is defined as cash flow from operations less capital expenditures. The following is a presentation of the Company's non-GAAP free cash flow for the quarterly periods ended April 5, 2026, December 31, 2025, and March 30, 2025 and a reconciliation to cash flow from operations for such periods. The Company's management believes this non-GAAP measure provides meaningful supplemental information as management uses this measure to evaluate the Company's ability to maintain capital assets, satisfy current and future obligations, repurchase stock, pay dividends and fund future business opportunities. Free cash flow is not a measure of cash available for discretionary expenditures since the Company has certain non-discretionary obligations such as debt service that are not deducted from the measure. The Company's definition of free cash flow may not be comparable to similarly titled measures reported by other companies.

		Quarter Ended
	(in millions of dollars)		Apr. 5,				Dec. 31,				Mar. 30,
			2026				2025				2025
	Cash flow from operations	$	32.1			$	64.3			$	(4.4	)
	Capital expenditures		23.1				32.4				18.3
	Free cash flow	$	9.0			$	31.9			$	(22.7	)
	Depreciation, depletion, and amortization expense	$	24.9			$	23.3			$	23.5

4) “Adjusted EBITDA” is a non-GAAP financial measure and refers to earnings before interest, taxes, depreciation and amortization (EBITDA), excluding special items. The following is a presentation of the Company's non-GAAP EBITDA and Adjusted EBITDA for the quarterly periods ended April 5, 2026, December 31, 2025, and March 30, 2025 and a reconciliation to net income for such periods. The Company's management believes these non-GAAP measures provide meaningful supplemental information regarding its performance and facilitates investors' understanding of historic operating trends.

		Quarter Ended
	(in millions of dollars)		Apr. 5,				Dec. 31,				Mar. 30,
			2026				2025				2025
	Net income (loss) attributable to MTI	$	36.2			$	37.1			$	(144.0	)
	Add back:
	Depreciation, depletion, and amortization expense		24.9				23.3				23.5
	Interest expense, net		13.3				12.9				14.2
	Equity in earnings of affiliates, net of tax		(1.3	)			(1.4	)			(1.2	)
	Net income attributable to non-controlling interests		1.1				1.3				1.0
	Provision (benefit) for taxes on income		9.9				9.6				(32.1	)
	EBITDA		84.1				82.8				(138.6	)
	Add special items:
	Provision for litigation accrual and credit losses		0.0				0.0				215.0
	Restructuring and other items		0.0				3.7				5.5
	Gain on sale of assets, net		0.0				(4.3	)			0.0
	Litigation expenses		8.8				5.1				2.8
	Adjusted EBITDA	$	92.9			$	87.3			$	84.7
	% of sales		17.0	%			16.8	%			17.2	%

5) The following table reflects the components of non-operating income and deductions:

	(in millions of dollars)	Quarter Ended
			Apr. 5,				Dec. 31,				Mar. 30,
			2026				2025				2025
	Interest income	$	1.3			$	1.7			$	1.2
	Interest expense		(14.6	)			(14.6	)			(15.4	)
	Foreign exchange gains (losses)		1.4				(2.0	)			(0.2	)
	Other deductions		(0.9	)			(0.5	)			(1.8	)
	Non-operating deductions, net	$	(12.8	)		$	(15.4	)		$	(16.2	)

6) The analyst conference call to discuss operating results for the first quarter is scheduled for Friday, May 1, 2026 at 11:00 am and will be broadcast over the Company's website (www.mineralstech.com). The broadcast will remain on the Company's website for no less than one year.

3

MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES

SUPPLEMENTARY DATA

(in millions of dollars)

(unaudited)

		Quarter Ended																								% Growth
SALES DATA			Apr. 5,				% of				Dec. 31,				% of				Mar 30,				% of				Prior				Prior
			2026				Total Sales				2025				Total Sales				2025				Total Sales				Qtr.				Year
United States		$	280.6				51	%		$	257.4				50	%		$	262.4				53	%			9	%			7	%
International			266.3				49	%			262.1				50	%			229.4				47	%			2	%			16	%
Net Sales		$	546.9				100	%		$	519.5				100	%		$	491.8				100	%			5	%			11	%
Household & Personal Care		$	142.4				26	%		$	132.5				26	%		$	123.1				25	%			7	%			16	%
Specialty Additives			154.2				28	%			141.8				27	%			145.2				30	%			9	%			6	%
Consumer & Specialties Segment		$	296.6				54	%		$	274.3				53	%		$	268.3				55	%			8	%			11	%
High-Temperature Technologies		$	183.3				34	%		$	178.0				34	%		$	169.4				34	%			3	%			8	%
Environmental & Infrastructure			67.0				12	%			67.2				13	%			54.1				11	%			0	%			24	%
Engineered Solutions Segment		$	250.3				46	%		$	245.2				47	%		$	223.5				45	%			2	%			12	%
MTI Consolidated Net Sales		$	546.9				100	%		$	519.5				100	%		$	491.8				100	%			5	%			11	%

4

MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES

SUPPLEMENTARY DATA

(in millions of dollars)

(unaudited)

	Quarter Ended												% Growth
		Apr. 5,				Dec. 31,				Mar. 30,				Prior				Prior
SEGMENT OPERATING INCOME (LOSS) DATA		2026				2025				2025				Qtr.				Year
Consumer & Specialties Segment	$	32.5			$	25.3			$	27.5				28	%			18	%
% of Sales		11.0	%			9.2	%			10.2	%
Engineered Solutions Segment	$	39.3			$	44.5			$	33.6				(12	)%			17	%
% of Sales		15.7	%			18.1	%			15.0	%
Unallocated and Other Corporate Expenses	$	(13.1	)		$	(7.8	)		$	(221.2	)			*				*
MTI Consolidated	$	58.7			$	62.0			$	(160.1	)			(5	)%			*
% of Sales		10.7	%			11.9	%			*
SPECIAL ITEMS
Consumer & Specialties Segment	$	0.0			$	3.7			$	2.5				*				*
Engineered Solutions Segment	$	0.0			$	(4.3	)		$	0.8				*				*
Unallocated and Other Corporate Expenses	$	8.8			$	5.1			$	220.0				*				*
MTI Consolidated	$	8.8			$	4.5			$	223.3				*				*

To supplement the Company's consolidated financial statements presented in accordance with GAAP, the following is a presentation of the Company's non-GAAP operating income, excluding special items (set forth in the above table), for the quarterly periods ended April 5, 2026, December 31, 2025 and March 30, 2025, constituting a reconciliation to GAAP operating income (loss) set forth above. The Company's management believe these non-GAAP measures provide meaningful supplemental information regarding its performance as inclusion of such special items are not indicative of ongoing operating results and thereby affect the comparability of results between periods. The Company believes inclusion of these non-GAAP measures also provides consistency in its financial reporting and facilitates investors' understanding of historic operating trends.

	Quarter Ended												% Growth
SEGMENT OPERATING INCOME, EXCLUDING SPECIAL ITEMS		Apr. 5,				Dec. 31,				Mar. 30,
		2026				2025				2025				Prior Qtr.				Prior Year
Consumer & Specialties Segment	$	32.5			$	29.0			$	30.0				12	%			8	%
% of Sales		11.0	%			10.6	%			11.2	%
Engineered Solutions Segment	$	39.3			$	40.2			$	34.4				(2	)%			14	%
% of Sales		15.7	%			16.4	%			15.4	%
Unallocated and Other Corporate Expenses	$	(4.3	)		$	(2.7	)		$	(1.2	)			59	%			258	%
MTI Consolidated	$	67.5			$	66.5			$	63.2				2	%			7	%
% of Sales		12.3	%			12.8	%			12.9	%
* Percentage not meaningful

5

 MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES

 CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions of dollars)

ASSETS
			April 5,				December 31,
			2026*				2025**
Current assets:
Cash & cash equivalents		$	315.9			$	329.0
Short-term investments			5.4				3.6
Accounts receivable, net			412.7				400.1
Inventories			357.9				350.2
Prepaid expenses and other current assets			63.6				72.7
Total current assets			1,155.5				1,155.6
Property, plant, and equipment			2,317.4				2,308.9
Less accumulated depreciation			1,290.8				1,283.9
Net property, plant, and equipment			1,026.6				1,025.0
Goodwill			915.6				915.9
Intangible assets			205.5				208.7
Other assets and deferred charges			162.1				163.8
Total assets		$	3,465.3			$	3,469.0
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term debt		$	6.0			$	0.4
Current maturities of long-term debt			6.2				6.3
Accounts payable			199.7				187.9
Other current liabilities			331.5				360.8
Total current liabilities			543.4				555.4
Long-term debt			954.0				955.0
Deferred income taxes			90.8				90.7
Other non-current liabilities			115.6				118.2
Total liabilities			1,703.8				1,719.3
Total MTI shareholders' equity			1,728.1				1,713.4
Non-controlling interests			33.4				36.3
Total shareholders' equity			1,761.5				1,749.7
Total liabilities and shareholders' equity		$	3,465.3			$	3,469.0
* Unaudited
** Condensed from audited financial statements.

FAQ

How did Minerals Technologies (MTX) perform financially in Q1 2026?

Minerals Technologies reported net sales of $546.9 million in Q1 2026, up 11 percent year over year. Diluted earnings per share were $1.17, or $1.38 excluding special items, representing a 21 percent increase over the prior-year quarter.

What were the key earnings metrics for MTX in the first quarter of 2026?

Net income attributable to Minerals Technologies was $36.2 million in Q1 2026. Adjusted EBITDA totaled $92.9 million, equal to 17.0% of sales, while operating income excluding special items was $67.5 million for the quarter ended April 5, 2026.

How did Minerals Technologies’ business segments perform in Q1 2026?

The Consumer & Specialties segment generated sales of $296.6 million, up 11 percent year over year. The Engineered Solutions segment reported sales of $250.3 million, up 12 percent year over year, reflecting broad strength across product lines.

What drove revenue growth for Minerals Technologies in Q1 2026?

Growth was driven by higher volumes across both segments and a positive foreign exchange impact of $17 million. Household & Personal Care sales rose 16 percent year over year, and Environmental & Infrastructure sales increased 24 percent over the prior-year quarter.

How did MTX’s cash flow and capital spending look in Q1 2026?

Cash flow from operations was $32.1 million, while capital expenditures totaled $23.1 million, resulting in free cash flow of $9.0 million. The company also recorded depreciation, depletion, and amortization expense of $24.9 million for the quarter.

What were Minerals Technologies’ margins in Q1 2026?

Reported operating margin was 10.7% of sales, or 12.3% excluding special items in Q1 2026. Adjusted EBITDA margin was 17.0% of sales, reflecting improved profitability versus the prior-year period despite higher energy cost pressures.

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