8-K
filed February 2, 2023, 6:59 PM ET
ticker MTX
CIK 0000891014
earnings
confidence high
sentiment negative
materiality 0.75
Minerals Technologies Q4 EPS $0.67 ex-items, down 46% YoY; sales up 6% to $508M; reorganizes into two segments
MINERALS TECHNOLOGIES INC
2022-FY EPS reported
$3.73
revenue$2,125,500,000
- Q4 diluted EPS ex-special items $0.67 vs $1.25 prior year; reported EPS $0.62 vs $1.23.
- Q4 sales $507.6M, +6% YoY (+13% constant currency); operating income ex-special items $44.0M (8.7% margin).
- Full year 2022 EPS ex-items $4.88 vs $5.02; sales record $2.125B, +14% YoY.
- Reorganizes into two segments (Consumer & Specialties and Engineered Solutions) effective Jan 1, 2023.
- Completed $75M stock repurchase program; acquired Concept Pet; price increases of $210M offset $191M inflation.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
MINERALS TECHNOLOGIES INC reported the fourth quarter ended December 31, 2022 results: revenue $507.6 million, EPS $0.62.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $507.6 million
- EPS
- $0.62
- Result
- reported results
Exact text from the filing
Per Share, or $4.88 Per Share, Excluding Special Items ---------- Company Announces Reorganization and New Segmentation for 2023 ---------- Fourth Quarter Highlights: • Sales of $508 Million, 6 Percent Above Prior Year • Sales Volumes and Operational Cost Impacted by COVID Shutdowns in China and Severe Weather in Western U.S. • Higher Inflation, Primarily in Europe
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
MINERALS TECHNOLOGIES INC reported the full year 2022 results: revenue $2,125.5 million, EPS $3.73.
- Period
- the full year 2022
- Revenue
- $2,125.5 million
- EPS
- $3.73
- Result
- reported results
Exact text from the filing
and Operational Cost Impacted by COVID Shutdowns in China and Severe Weather in Western U.S. • Higher Inflation, Primarily in Europe Full Year Highlights: • Record Sales of $2.13 Billion, 14 percent Above Prior Year • Price Increases of $210 Million Offset Inflation of $191 Million • Completed $75 Million Stock Repurchase Program • Continued Growth of
View on SEC.gov
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