Minerals Technologies (MTX) Tops Q3 EPS by 17c

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Go back to Minerals Technologies (MTX) Tops Q3 EPS by 17c

Minerals Technologies Reports Third Quarter Loss Per Share of $0.59, or Earnings Per Share of $1.49 Excluding One Time Charges Associated with Barretts Minerals Inc.

October 26, 2023 5:01 PM EDT

Highlights:

Record Third Quarter Revenue of $548MReported Operating Loss of $8M Associated with Non-cash Impairment of Barretts Minerals Inc. (BMI)Record Operating Income of $77M and Operating Margin of 14.1% Excluding Special ItemsCash Flow from Operations of $138M Year-To-Date, Double the Previous YearAnnounced Dividend Increase and New $75M Share Repurchase Program

NEW YORK, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (MTI or the Company) today reported diluted earnings per share of $1.49 for the third quarter ended October 1, 2023, excluding $85 million of special... More