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Minerals Technologies Q1 2023 Earnings Report

Minerals Technologies logo
$75.62 -0.29 (-0.38%)
(As of 12/20/2024 05:31 PM ET)

Minerals Technologies EPS Results

Actual EPS
$1.14
Consensus EPS
$1.05
Beat/Miss
Beat by +$0.09
One Year Ago EPS
$1.36

Minerals Technologies Revenue Results

Actual Revenue
$546.00 million
Expected Revenue
$527.73 million
Beat/Miss
Beat by +$18.27 million
YoY Revenue Growth
+5.20%

Minerals Technologies Announcement Details

Quarter
Q1 2023
Time
After Market Closes

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Minerals Technologies Earnings Headlines

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About Minerals Technologies

Minerals Technologies (NYSE:MTX) develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications. This segment produces limestone and dolomitic limestone used in construction, automotive, and consumer markets for packaging applications. The Engineered Solutions segment provides high-temperature technology products consisting of custom-blended mineral and non-mineral products for casting auto parts, farm and construction equipment, oil and gas production equipment, power generation turbine castings, and rail car components; and environmental and infrastructure products comprising geosynthetic clay lining systems, vapor intrusion mitigation products, sub surface waterproofing systems, green roofs, wastewater remediation, drinking water purification technologies, and drilling products. In addition, this segment provides chromite products; gunnable monolithic refractory products and application systems; monolithic refractory materials and pre-cast refractory shapes; refractory shapes and linings; carbon composite and pyrolitic graphite; and filtration and well testing services. It markets its products primarily through its direct sales force, as well as regional distributors. The company serves in the United States, Canada, Latin America, Europe, Africa, and Asia. Minerals Technologies Inc. was incorporated in 1968 and is headquartered in New York, New York.

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