earnings
confidence high
sentiment positive
materiality 0.75
MTX reports record Q3 adj EPS $1.51, sales $525M, raises dividend 10%, authorizes $200M buyback
MINERALS TECHNOLOGIES INC
2024-Q3 EPS reported
$3.49
revenue$1,600,400,000
- GAAP EPS $1.45; adjusted EPS $1.51 (record Q3); operating income ex-special items $79M, up 3%.
- Worldwide net sales $525M, down 4% reported, 2% underlying; Consumer & Specialties segment op income up 9%.
- Engineered Solutions sales $244M, down 5%; op income $39M, down 4%, margin improved 10 bps to 15.9%.
- Dividend increased 10% to $0.11/share, payable Dec 5, record Oct 31; Board authorized new $200M share repurchase program.
- Completed previous $75M repurchase program; CEO cites financial strength and record year outlook.