---
schema_version: "secwatch.filing_event.v1"
accession: "0000891014-23-000071"
form_type: "8-K"
ticker: "MTX"
cik: "0000891014"
company_name: "MINERALS TECHNOLOGIES INC"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:50:03.787903+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MTX Q2 adjusted EPS $1.31; initiates $10M cost savings; exits talc business

## Summary
- Adjusted EPS $1.31 vs reported $0.82; net sales $552M, down 1% YoY, up 1% sequentially.
- Operating margin ex-special items 12.8%, up 120 bps sequentially; special items $20.7M (severance $6.6M, talc litigation $13.9M).
- Initiated ~$10M annual cost savings program via workforce reductions; full run-rate expected H1 2024.
- Announced plan to exit talc business; Barretts Minerals Inc. to be sold; additional litigation costs incurred.
- YTD cash from operations $79M, more than double prior year.

## SEC filing metadata
- accession: 0000891014-23-000071
- form_type: 8-K
- ticker: MTX
- cik: 0000891014
- company_name: MINERALS TECHNOLOGIES INC
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/891014/000089101423000071/0000891014-23-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/891014/000089101423000071/form8k_072723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000891014-23-000071
- JSON: https://secwatch.observer/filing/0000891014-23-000071.json
- Plain text: https://secwatch.observer/filing/0000891014-23-000071.txt

## Key facts
- Earnings Releases
  MINERALS TECHNOLOGIES INC reported the second quarter ended July 3, 2023 results: revenue $552 million, EPS $0.82.
  - Period: the second quarter ended July 3, 2023
  - Revenue: $552 million
  - EPS: $0.82
  - Result: reported results
  source text: prudent steps to ensure that any liabilities associated with talc are dealt with effectively and efficiently,” said Mr. Dietrich. Second Quarter 2023 Worldwide net sales were $552 million, up 1 percent sequentially and down 1 percent from the prior year. Foreign exchange had an unfavorable impact of approximately $8 million or 1 percentage point. Operating income
  evidence_url: https://www.sec.gov/Archives/edgar/data/891014/000089101423000071/0000891014-23-000071-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.