MTX Q1 2023 EPS $1.14 on record sales $546M; new PCC deals in Asia

MINERALS TECHNOLOGIES INC

2023-Q1 EPS reported $1.14 revenue$546,100,000

EPS of $1.14; record Q1 sales $546M, up 5% YoY and 8% sequentially.
Operating income $63M, up 43% sequentially but down 7% YoY; margin 11.6%.
Consumer & Specialties sales $297M (+5% YoY); Engineered Solutions $249M (+6% YoY).
Three long-term PCC supply agreements in Asia totaling 180,000 tons/year; expected late 2023/early 2024.
Investor Day scheduled for May 24, 2023 at NYSE.

item 2.02 item 9.01

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 first quarter ended April 2, 2023 results: revenue $546 million, EPS $1.14.

Period: first quarter ended April 2, 2023
Revenue: $546 million
EPS: $1.14
Result: reported results

Exact text from the filing

Reports First Quarter 2023 Earnings of $1.14 Per Share ---------- Company Will Host Investor Day on May 24, 2023 ---------- Highlights: • Record First Quarter Sales of $546 Million, 5 Percent Above Prior Year • Operating Income of $63 Million, Increased 43 Percent Sequentially • Cash Flow from Operations Improved by $33 Million from Prior Year •

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Source: SEC EDGAR

accession 0000891014-23-000029

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