Minerals Technologies (MTX) Tops Q4 EPS by 1c, Revenues Beat

Minerals Technologies (NYSE: MTX) reported Q4 EPS of $1.17, $0.01 better than the analyst estimate of $1.16. Revenue for the quarter came in at $447.5 million versus the consensus estimate of $456.85 million.

“We are pleased with MTI’s strong performance across our businesses in the fourth quarter and for the full year 2018,” said Douglas T. Dietrich, Chief Executive Officer. “In 2018, we advanced our growth strategies through the continued penetration of Metalcasting and Paper PCC in Asia, the commercialization of 35 new valued-added products and the successful integration of Sivomatic. Our team’s deep commitment to operational excellence and continuous improvement activities along with pricing actions mitigated the impact of inflationary costs during the year. The momentum we’ve built in 2018, combined with our solid balance sheet, positions us well for continued profitable growth and value creation in 2019.”

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

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