secwatch.observer — SEC 8-K summary
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Issuer:     MINERALS TECHNOLOGIES INC (MTX)
CIK:        0000891014
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0000891014-22-000050
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MTX Q3 2022 adj EPS $1.35 (+4% YoY), sales $542M up 15%; $31M talc litigation charge
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- Reported diluted EPS $0.41; adjusted EPS of $1.35 excluding $38.7M in special items (litigation and debt extinguishment costs).
- Sales $541.9M, up 15% YoY (22% constant currency); operating income ex-special items $67.2M, up 6% YoY.
- Performance Materials sales +16% YoY; Specialty Minerals sales +13% but segment reported an operating loss due to $31.1M talc litigation reserve.
- Refractories sales +13% YoY with operating margin of 14.5%; returned $17M to shareholders via buybacks and dividends.
- Completed refinancing of credit facilities, extending maturities to 2027; recorded $6.9M debt extinguishment expense.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/891014/000089101422000050/0000891014-22-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/891014/000089101422000050/form8k_1027.htm
  HTML page:      https://secwatch.observer/filing/0000891014-22-000050

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