Minerals Technologies (MTX) Tops Q3 EPS by 18c

Minerals Technologies (NYSE: MTX) reported Q3 EPS of $1.25, $0.18 better than the analyst estimate of $1.07. Revenue for the quarter came in at $543.5 million versus the consensus estimate of $536.3 million.

"Minerals Technologies achieved record third quarter financial results with all five business segments contributing double digit operating income margins," said Joseph C. Muscari, chairman and chief executive officer. "The third quarter is the first full quarter of contribution from the former AMCOL businesses, and our financial performance illustrates how highly accretive the acquisition is, with a 98-percent increase in earnings per share. The integration of the three new business segments is moving smoothly and we are ahead of target to achieve $50 million in synergies in the first two years."

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

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