Minerals Technologies reports record adjusted EPS of $1.65 in Q2 2024, up 26% YoY

MINERALS TECHNOLOGIES INC

2024-Q2 EPS reported $2.05 revenue$1,075,700,000

Record adjusted EPS $1.65 (+26% YoY); GAAP EPS $0.61 includes $34.2M special items.
Revenue $541M, down 2% as reported but up 1% underlying; operating margin 15.7%.
Consumer & Specialties segment sales $284M (+3% underlying); operating margin 15.4% (+370 bps).
Engineered Solutions sales $257M (-2%); operating margin 17.4% (+270 bps) on high-temperature tech.
Record $30M provision for committed line of credit to BMI OldCo bankruptcy; 16th sustainability report released.

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