Minerals Technologies Q3 adjusted EPS $1.49, revenue $548M record; dividend doubled, $75M buyback

MINERALS TECHNOLOGIES INC

2023-Q3 EPS reported $1.36 revenue$1,645,400,000

Record Q3 revenue $548M (+1% YoY); adjusted EPS $1.49 excludes $85M special items related to BMI Chapter 11.
Operating income excluding special items $77M (record); operating margin 14.1% (+170bps YoY).
Consumer & Specialties segment sales $291M; operating margin excl. special items 13.2% (+230bps YoY).
YTD cash from ops $138M, double prior year; dividend doubled to $0.10/share; new $75M share repurchase authorized.

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 0.83

MINERALS TECHNOLOGIES INC reported third quarter ended October 1, 2023 results: EPS earnings per share of $1.49 excluding one time charges.

Period: third quarter ended October 1, 2023
EPS: earnings per share of $1.49 excluding one time charges
Result: preliminary results

Exact text from the filing

On October 26, 2023, Minerals Technologies Inc. issued a press release regarding its financial performance for the third quarter of 2023.

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Source: SEC EDGAR

accession 0000891014-23-000100

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