Seaport Global Securities Upgrades Minerals Technologies (MTX) to Buy 'on volume confidence, margin expansion, attractive valuation'

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Go back to Seaport Global Securities Upgrades Minerals Technologies (MTX) to Buy 'on volume confidence, margin expansion, attractive valuation'

Minerals Technologies Reports Fourth Quarter 2023 Earnings Per Share of $1.22, or $1.28 Excluding Special Items, a Record for Current Quarter

February 1, 2024 5:05 PM EST

The Company Reports Full Year 2023 Earnings of $2.58, Or $5.21 Per Share, Excluding Special Items, a Record Year for MTI

Fourth Quarter Highlights:

Record Fourth Quarter Revenue of $525 MillionStrong Cash Flow from Operations of $95 Million and Free Cash Flow of $73 MillionIncreased Dividend and Initiated a New, 1-Year, $75M Share Repurchase Program 

Full Year Highlights:

Record Revenue of $2.17 BillionRecord EPS of $5.21, Excluding Special ItemsStrong Cash Flow from Operations of $234 Million and Free Cash Flow of $140 MillionRepaid $49 Million of Debt; Net Leverage... More