Minerals Technologies (MTX) Tops Q1 EPS by 18c
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Minerals Technologies Reports First Quarter 2020 Earnings of $1.12 Per Share, or $1.13 Per Share, Excluding Special Items
April 30, 2020 5:01 PM EDTHighlights:
First Quarter Sales of $418 MillionOperating Margins Increased 200 Basis Points Sequentially, Excluding Special ItemsStrong Liquidity of Over $400 Million, Including $218 Million Cash and EquivalentsCOVID-19 Pandemic Impacted Sales by Approximately $7 MillionNEW YORK, April 30, 2020 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (MTI or the Company) today reported diluted earnings per share of $1.13, excluding special items, for the first quarter ended March 29, 2020, compared with $1.11 in the prior year. Reported diluted earnings per share were $1.12.
Worldwide net sales were $417.5 million, 5 percent lower than the prior year.... More
