earnings
confidence high
sentiment positive
materiality 0.80
Minerals Technologies reports record FY24 adjusted EPS $6.15, margin 14.9% ahead of target
MINERALS TECHNOLOGIES INC
2024-FY EPS reported
$5.17
revenue$2,118,500,000
- Q4 reported EPS $1.68, adjusted EPS $1.50; FY24 reported EPS $5.17, adjusted $6.15.
- Q4 net sales $518M (-1% YoY); FY net sales $2.12B (-2%).
- FY24 operating margin ex-special items 14.9%, up 200 bps YoY and a year ahead of target.
- Free cash flow $147M; repurchased $64M shares; increased dividend; net leverage 1.6x.
- Record FY24 operating income ex-special items $316M, up 13% YoY.