MTX posts record Q1 operating income of $77M excl. items, EPS $1.49

MINERALS TECHNOLOGIES INC

2024-Q1 EPS reported $1.44 revenue$534,500,000

Diluted EPS $1.49 ex-items (reported $1.44); record operating income $77M, +23% YoY.
Net sales $535M, +2% sequentially, slightly up YoY underlying; Consumer & Specialties +4% underlying.
Consumer & Specialties op income $42M, +30% YoY; margin 14.1%, +330 bps.
Engineered Solutions sales $238M -5% YoY, slow commercial construction; op income $39M +9% YoY, margin 16.2%.
Cash flow from ops $56M, free cash flow $39M; repurchased $15M shares, repaid $13M debt.

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 0.98

MINERALS TECHNOLOGIES INC reported the first quarter ended March 31, 2024 results: revenue $535 million, EPS $1.49.

Period: the first quarter ended March 31, 2024
Revenue: $535 million
EPS: $1.49
Result: reported results

Exact text from the filing

Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today reported diluted earnings per share of $1.49 for the first quarter ended March 31, 2024, excluding special items. Reported diluted earnings per share were $1.44. Worldwide net sales were $535 million

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Source: SEC EDGAR

accession 0000891014-24-000036

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