Minerals Technologies Inc. develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services. The company's Performance Materials segment supplies bentonite and bentonite-related products, as well as chromite and leonardite. This segment offers metal casting products; household, personal care, and specialty products; and basic minerals, environmental products, and building materials. In addition, this segment provides products for non-residential construction, environmental, and infrastructure projects, as well as for construction project customers. Its Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc. This segment's products are used in paper, building materials, paint and coatings, glass, ceramic, polymer, food, automotive, and pharmaceutical industries. The company's Refractories segment offers monolithic and shaped refractory materials; specialty products, services, and application and measurement equipment; and calcium metal and metallurgical wire products that are used in the applications of steel, non-ferrous metal, and glass industries. Its Energy Services segment provides offshore filtration and well testing services to the oil and gas industry. The company markets its products primarily through its direct sales force, as well as regional distributors. It serves in the United States, Canada, Latin America, Europe, Africa, and Asia. Minerals Technologies Inc. was founded in 1968 and is headquartered in New York, New York.
IPO Year: 1992
Exchange: NYSE
Website: mineralstech.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/5/2024 | $90.00 | Neutral → Buy | Seaport Research Partners |
| 10/19/2023 | $65.00 | Neutral → Buy | Sidoti |
| 7/31/2023 | $72.00 | Neutral → Buy | CL King |
| 2/3/2023 | Buy → Neutral | Sidoti | |
| 10/13/2022 | Buy → Neutral | Seaport Research Partners | |
| 8/30/2022 | Buy → Neutral | CL King | |
| 2/7/2022 | $80.00 → $75.00 | Neutral → Overweight | JP Morgan |
4 - MINERALS TECHNOLOGIES INC (0000891014) (Issuer)
4 - MINERALS TECHNOLOGIES INC (0000891014) (Issuer)
4 - MINERALS TECHNOLOGIES INC (0000891014) (Issuer)
4 - MINERALS TECHNOLOGIES INC (0000891014) (Issuer)
4 - MINERALS TECHNOLOGIES INC (0000891014) (Issuer)
4 - MINERALS TECHNOLOGIES INC (0000891014) (Issuer)
4 - MINERALS TECHNOLOGIES INC (0000891014) (Issuer)
4 - MINERALS TECHNOLOGIES INC (0000891014) (Issuer)
4 - MINERALS TECHNOLOGIES INC (0000891014) (Issuer)
4 - MINERALS TECHNOLOGIES INC (0000891014) (Issuer)
4 - MINERALS TECHNOLOGIES INC (0000891014) (Issuer)
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144 - MINERALS TECHNOLOGIES INC (0000891014) (Subject)
Record Third Quarter Operating Income and Earnings Per Share Excluding Special ItemsStrong Operating Margin and Cash FlowAnnounced New $200 Million Share Repurchase Program and Completed Previous $75 Million ProgramIncreased Dividend by 10% NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) ("MTI" or "the Company") today reported earnings per share for the third quarter ended September 29, 2024 of $1.45 or $1.51 excluding special items, a third quarter record for MTI. "We delivered a record third quarter and are on track for another record year. Both operating segments have accomplished a tremendous amount this year, extending
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) (MTI), a global specialty minerals company, has expanded its partnership with AIM Intelligent Machines Inc. (AIM), a technology company specializing in AI-enabled safety, productivity, and analytics for mining equipment. AIM enables mining operations to run continuously at peak performance in all weather conditions, unlocking value across fuel savings, fleet availability, and optimal site planning. This innovative technology retrofits mining equipment of any age, size or brand, while preserving the ability to manually operate the equipment. "Our investment in autonomous mining technology supports our go
NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) ("MTI" or "the Company") today announced a 10% increase of its regular quarterly dividend on the Company's common stock to $0.11 per share. The dividend is payable on December 5, 2024, to stockholders of record at the close of business on October 31, 2024. In addition, MTI's Board of Directors has authorized a new $200 million share repurchase program. The Company expects to repurchase shares under this authorization as part of its balanced approach to capital allocation. "Increasing our dividend and authorizing a new repurchase program reflects the Board's ongoing confidence in MTI's financial strength
NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) ("MTI" or "the Company") announced today that it will release results for its third quarter ended September 27, 2024, on Thursday, October 24, 2024, after the market close. The Company will host a conference call on Friday, October 25, 2024, at 11:00 a.m. Eastern Time to discuss these results. The conference call will be webcast and can be accessed at Minerals Technologies' website at https://investors.mineralstech.com/quarterly-results-conference-calls. About Minerals Technologies Inc.New York-based Minerals Technologies Inc. (MTI) is a leading, technology-driven specialty minerals company that develops, p
GREENWICH, Conn., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, a leader in value-oriented and research-driven investment management, is excited to announce its second annual PFAS Symposium, scheduled for Thursday, September 26, 2024, at The Harvard Club in New York City. This event will bring together leading experts, policymakers, and industry executives to explore the critical issues surrounding PFAS (Per- and Polyfluoroalkyl Substances), their uses, replacements, and remediation efforts in water treatment and other categories. The symposium will feature company presentations, fireside chats, panel discussions, and one-on-one meetings. It aims to facilitate a comprehensi
NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) announced participation in Gabelli Funds PFAS Symposium in New York City on Thursday, September 26, 2024. Minerals Technologies (MTI) leaders Barry Shadrix, Global Director of Water and Remediation, Michael Donovan, Director of Research & Development, and Michael Kozak Business Unit President, are scheduled to present at 11:45am ET at The Harvard Club. Minerals Technologies will present its proprietary FLUORO-SORB® adsorbent technology, an effective approach to PFAS remediation in water and soil. MTI has proven the efficacy of its technology around the world through real-world applications as well as univer
NEW YORK, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies (NYSE:MTX) announced today the introduction of SIVO™ as the brand name for its rapidly growing global pet care business. Strategic acquisitions and innovative product development have positioned SIVO™ as the leading global supplier of cat litter to both private label partners and globally recognized brands. Minerals Technologies' SIVO™ brand is well-positioned for growth with its strategically located mining, processing, and packaging capabilities serving regional markets and customers. SIVO™ is dedicated to its customers and committed to enhancing the lives of pet owners and their cherished cats. Its solutions go be
GREENWICH, Conn., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, a leader in value-oriented and research-driven investment management, is excited to announce its second annual PFAS Symposium, scheduled for Thursday, September 26, 2024, at The Harvard Club in New York City. This event will bring together leading experts, policymakers, and industry executives to explore the critical issues surrounding PFAS (Per- and Polyfluoroalkyl Substances), their uses, replacements, and remediation efforts in water treatment. The symposium will feature company presentations, fireside chats, panel discussions, and one-on-one meetings. It aims to facilitate a comprehensive dialogue on the enviro
NEW YORK, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) announced participation in the following investor conferences: Jefferies Industrial Conference in-person in New York on September 4, 2024. Douglas T. Dietrich, Chief Executive Officer, will present at 09:50 AM ET followed by one on one's with individual investorsCL King's 22nd Annual Best Ideas Conference Virtual Event on September 16, 2024. The fireside chat with Douglas T. Dietrich is scheduled for 9:30 AM ET followed by one on one's with individual investorsSidoti Small Cap Virtual Conference on September 19, 2024 MTI will be represented by Douglas T. Dietrich, Chief Executive Officer, Erik Aldag, Ch
NEW YORK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) announced participation in the Seaport Research Partners Annual Summer Investor Conference on August 20th, 2024. Douglas T. Dietrich, Chairman and Chief Executive Officer, and Erik Aldag, SVP Finance and Treasury, Chief Financial Officer, will be hosting a virtual fireside chat at 1:15 PM ET and will be available for one-on-one meetings with investors throughout the day. About Minerals Technologies Inc.New York-based Minerals Technologies Inc. (MTI) is a leading, technology-driven specialty minerals company that develops, produces, and markets a broad range of mineral and mineral-based products, related syst
Record Third Quarter Operating Income and Earnings Per Share Excluding Special ItemsStrong Operating Margin and Cash FlowAnnounced New $200 Million Share Repurchase Program and Completed Previous $75 Million ProgramIncreased Dividend by 10% NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) ("MTI" or "the Company") today reported earnings per share for the third quarter ended September 29, 2024 of $1.45 or $1.51 excluding special items, a third quarter record for MTI. "We delivered a record third quarter and are on track for another record year. Both operating segments have accomplished a tremendous amount this year, extending
NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) ("MTI" or "the Company") today announced a 10% increase of its regular quarterly dividend on the Company's common stock to $0.11 per share. The dividend is payable on December 5, 2024, to stockholders of record at the close of business on October 31, 2024. In addition, MTI's Board of Directors has authorized a new $200 million share repurchase program. The Company expects to repurchase shares under this authorization as part of its balanced approach to capital allocation. "Increasing our dividend and authorizing a new repurchase program reflects the Board's ongoing confidence in MTI's financial strength
NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) ("MTI" or "the Company") announced today that it will release results for its third quarter ended September 27, 2024, on Thursday, October 24, 2024, after the market close. The Company will host a conference call on Friday, October 25, 2024, at 11:00 a.m. Eastern Time to discuss these results. The conference call will be webcast and can be accessed at Minerals Technologies' website at https://investors.mineralstech.com/quarterly-results-conference-calls. About Minerals Technologies Inc.New York-based Minerals Technologies Inc. (MTI) is a leading, technology-driven specialty minerals company that develops, p
Record Earnings Per Share Excluding Special ItemsRecord Operating Income Excluding Special ItemsStrong Operating Margins Ahead of 2024 TargetsReleased 16th Annual Corporate Responsibility and Sustainability Report NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) ("MTI" or "the Company") today reported earnings per share for the second quarter ended June 30, 2024 of $0.61 or $1.65 excluding special items, a record for MTI and an increase of 26% over prior year. "We continue to deliver record results with margins ahead of target. Healthy demand for our products and solutions across the majority of our markets highlights the value we deliver to our customer
NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) ("MTI" or "the Company") today declared a regular quarterly dividend of $0.10 per share on the Company's common stock. The dividend is payable on September 06, 2024, to the stockholders of record at the close of business on August 16, 2024. About Minerals Technologies Inc.New York-based Minerals Technologies Inc. (MTI) is a leading, technology-driven specialty minerals company that develops, produces, and markets a broad range of mineral and mineral-based products, related systems, and services. MTI serves globally a wide range of consumer and industrial markets, including household, food and pharmaceutical,
NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) ("MTI" or "the Company") announced today that it will release results for its second quarter ended June 30, 2024, on Thursday, July 25, 2024, after the market close. The Company will host a conference call on Friday, July 26, 2024, at 11:00 a.m. Eastern Time to discuss these results. The conference call will be webcast and can be accessed at Minerals Technologies' website at https://investors.mineralstech.com/quarterly-results-conference-calls About Minerals Technologies Inc.New York-based Minerals Technologies Inc. (MTI) is a leading, technology-driven specialty minerals company that develops, produces, an
NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) ("MTI" or "the Company") today declared a regular quarterly dividend of $0.10 per share on the Company's common stock. The dividend is payable on June 13, 2024, to the stockholders of record at the close of business on May 31, 2024. About Minerals Technologies Inc.New York-based Minerals Technologies Inc. (MTI) is a leading, technology-driven specialty minerals company that develops, produces, and markets a broad range of mineral and mineral-based products, related systems, and services. MTI serves globally a wide range of consumer and industrial markets, including household, food and pharmaceutical, paper, p
First Quarter 2024 Highlights: Record Operating Income of $75 Million, or $77 Million Excluding Special Items, a 23% Increase over Prior YearStrong Operating Margin of 14.1%, or 14.5% Excluding Special Items, a 290 bps Increase over Prior YearRecord First Quarter Cash Flow from Operations of $56 Million NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) ("MTI" or "the Company") today reported diluted earnings per share of $1.49 for the first quarter ended March 31, 2024, excluding special items. Reported diluted earnings per share were $1.44. Worldwide net sales were $535 million, 2 percent higher sequentially and up slightly versus prior year on an under
NEW YORK, March 29, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) ("MTI" or "the Company") announced today that it will release results for its first quarter ended March 31, 2024, on Thursday, April 25, 2024, after the market close. The Company will host a conference call on Friday, April 26, 2024, at 11:00 a.m. Eastern Time to discuss these results. The conference call will be webcast and can be accessed at Minerals Technologies' website at https://investors.mineralstech.com/quarterly-results-conference-calls About Minerals Technologies Inc.New York-based Minerals Technologies Inc. (MTI) is a leading, technology-driven specialty minerals company that develops, produces,
Fourth Quarter Highlights: Record Fourth Quarter Revenue of $525 MillionStrong Cash Flow from Operations of $95 Million and Free Cash Flow of $73 MillionIncreased Dividend and Initiated a New, 1-Year, $75M Share Repurchase Program Full Year Highlights: Record Revenue of $2.17 BillionRecord EPS of $5.21, Excluding Special ItemsStrong Cash Flow from Operations of $234 Million and Free Cash Flow of $140 MillionRepaid $49 Million of Debt; Net Leverage Ratio at 1.9 Times EBITDAReorganized Around Core Technologies and End-Markets, and Announced 5-Year Financial Targets NEW YORK, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) ("MTI" or "the Company") today reported d
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U.S. stocks were higher, with the Dow Jones jumping over 150 points on Friday. Shares of Skechers U.S.A., Inc. (NYSE:SKX) rose sharply during Friday's session after the company reported better-than-expected first-quarter FY24 earnings. Skechers reported first-quarter FY24 sales growth of 12.5% year-on-year to $2.251 billion, beating the analyst consensus estimate of $2.204 billion. EPS of $1.33 beat the analyst consensus of $1.10, according to data from Benzinga Pro. Skechers raised FY24 sales outlook from $8.60 billion-$8.80 billion to $8.725 billion-$8.875 billion, against an estimate of $8.781 billion. The company also raised FY24 EPS outlook from $3.65-$3.85 to $3.95-4.10 versus
Minerals Technologies (NYSE:MTX) reported quarterly earnings of $1.49 per share which beat the analyst consensus estimate of $1.28 by 16.41 percent. This is a 30.7 percent increase over earnings of $1.14 per share from the same period last year. The company reported quarterly sales of $534.500 million which missed the analyst consensus estimate of $545.550 million by 2.03 percent. This is a 2.12 percent decrease over sales of $546.100 million the same period last year.
U.S. stock futures were mixed this morning, with the Nasdaq futures trading higher by around 100 points on Friday. Shares of Yelp Inc. (NYSE:YELP) fell sharply in today’s pre-market trading after the company reported mixed fourth-quarter financial results. Yelp reported quarterly earnings of 37 cents per share which missed the analyst consensus estimate of 38 cents. The company reported quarterly sales of $342.38 million, beating the analyst consensus estimate of $341.32 million. Yelp also announced its board of directors authorized a $500 million increase to its share repurchase program. Yelp shares dipped 11.2% to $39.44 in pre-market trading. Here are some big stocks recording loss
Seaport Global analyst Michael Harrison upgrades Minerals Technologies (NYSE:MTX) from Neutral to Buy and announces $90 price target.
Minerals Technologies (NYSE:MTX) reported quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.25 by 2.4 percent. This is a 91.04 percent increase over earnings of $0.67 per share from the same period last year. The company reported quarterly sales of $524.50 million which beat the analyst consensus estimate of $506.67 million by 3.52 percent. This is a 3.33 percent increase over sales of $507.60 million the same period last year.
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Minerals Technologies (NYSE:MTX) is set to give its latest quarterly earnings report on Thursday, 2024-02-01. Here's what investors need to know before the announcement. Analysts estimate that Minerals Technologies will report an earnings per share (EPS) of $1.25. Minerals Technologies bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.18, which was followed by a 3.9
Seaport Research Partners upgraded Minerals Tech from Neutral to Buy and set a new price target of $90.00
Sidoti upgraded Minerals Tech from Neutral to Buy and set a new price target of $65.00
CL King upgraded Minerals Tech from Neutral to Buy and set a new price target of $72.00
Sidoti downgraded Minerals Tech from Buy to Neutral
Seaport Research Partners downgraded Minerals Tech from Buy to Neutral
CL King downgraded Minerals Tech from Buy to Neutral
JP Morgan upgraded Minerals Technologies from Neutral to Overweight and set a new price target of $75.00 from $80.00 previously
CL King reiterated coverage of Minerals Technologies with a rating of Buy and set a new price target of $75.00 from $70.00 previously