Minerals Technologies (MTX) Tops Q4 EPS by 17c, Revenues Beat

Minerals Technologies (NYSE: MTX) reported Q4 EPS of $1.08, $0.17 better than the analyst estimate of $0.91. Revenue for the quarter came in at $431.8 million versus the consensus estimate of $394.28 million.

Fourth Quarter Highlights:

• Reports Fourth Quarter 2020 Earnings of $0.91 Per Share, or $1.08 Per Share, Excluding Special Items
• Sales of $432 Million, 11 Percent Higher Sequentially
• Demand Continued to Improve Across Major End Markets
• Consumer-Oriented Products Remained Strong
• Operating Margin Improved Sequentially and Versus Prior Year
• Strong Cash Flow from Operations of $92 Million and Free Cash Flow of $72 Million

“We had a solid fourth quarter as demand in several key markets continued to improve, resulting in sequential sales growth in nearly all of our product lines. We also realized the benefits of our actions related to cost control, pricing, and productivity to deliver higher operating margin sequentially and compared to the prior year. In addition, we generated strong cash flow and maintained our solid financial position,” said Douglas T. Dietrich, Chief Executive Officer.

Mr. Dietrich added, “I am very proud of our team’s performance in 2020. We adapted quickly and focused on our key priorities, including keeping our employees safe, supporting our customers, introducing new value-added products, diligently managing our costs, and maintaining our strong balance sheet. We advanced our strategic growth initiatives throughout the year and ended with strong momentum across many of our businesses. With an enhanced cost profile, we believe we are well-positioned to drive improved profitability as volumes recover in 2021.”

For earnings history and earnings-related data on Minerals Technologies (MTX) click here.

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