secwatch.observer — SEC 8-K summary
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Issuer:     MINERALS TECHNOLOGIES INC (MTX)
CIK:        0000891014
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0000891014-23-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Minerals Technologies Q4 EPS $0.67 ex-items, down 46% YoY; sales up 6% to $508M; reorganizes into two segments
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/891014/000089101423000008/0000891014-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/891014/000089101423000008/form8k_020223.htm
  HTML page:      https://secwatch.observer/filing/0000891014-23-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer