Minerals Technologies Q2 2022: Record EPS of $1.50 excl. items, sales up 22% to $557M

MINERALS TECHNOLOGIES INC

2022-Q2 EPS reported $2.69 revenue$1,076,100,000

Diluted EPS excl. special items $1.50 (record), up 16% YoY; reported EPS $1.36.
Sales $557M (record), up 22% YoY (27% constant currency); all segments grew double-digits.
Operating income excl. special items $73.5M, up 15% YoY; operating margin 13.2%.
Performance Materials segment sales up 26% YoY to $299.6M; acquired bolt-on European pet litter business Concept Pet.
Returned $26M to shareholders via buybacks and dividends; published 14th annual sustainability report.

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