MINERALS TECHNOLOGIES INC
For the period ended Jun 29, 2025. Filed Jul 25, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 29, 2025 · Filed Jul 25, 2025
MTX$61.63-1.5%Stored close · as of Nov 6, 2026
Contents
Item 1. Condensed Consolidated Statements of Income (Loss)
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| (in millions of dollars, except per share data) | Jun. 29, 2025 | Jun. 30, 2024 | Jun. 29, 2025 | Jun. 30, 2024 |
| Net sales | $528.9 | $541.2 | $1,020.7 | $1,075.7 |
| Cost of goods sold | 392.0 | 397.3 | 764.2 | 795.9 |
| Production margin | 136.9 | 143.9 | 256.5 | 279.8 |
| Marketing and administrative expenses | 52.2 | 53.3 | 102.8 | 106.3 |
| Research and development expenses | 5.7 | 5.8 | 11.5 | 11.4 |
| Provision for litigation reserve and credit losses | — | 30.0 | 215.0 | 30.0 |
| Restructuring and other items | 5.8 | — | 11.3 | — |
| Gain on sale of assets, net | (5.6) | — | (5.6) | — |
| Litigation expenses | 4.2 | 4.2 | 7.0 | 6.3 |
| Income (loss) from operations | 74.6 | 50.6 | (85.5) | 125.8 |
| Interest expense, net | (13.6) | (14.9) | (27.8) | (29.8) |
| Other non-operating deductions, net | (1.9) | (1.1) | (3.9) | (1.3) |
| Total non-operating deductions, net | (15.5) | (16.0) | (31.7) | (31.1) |
| Income (loss) before tax and equity in earnings | 59.1 | 34.6 | (117.2) | 94.7 |
| Provision (benefit) for taxes on income | 13.9 | 15.6 | (18.2) | 29.5 |
| Equity in earnings of affiliates, net of tax | 1.1 | 1.9 | 2.3 | 3.3 |
| Net income (loss) | 46.3 | 20.9 | (96.7) | 68.5 |
| Less: | ||||
| Net income attributable to non-controlling interests | 0.9 | 1.2 | 1.9 | 2.1 |
| Net income (loss) attributable to Minerals Technologies Inc. | $45.4 | $19.7 | $(98.6) | $66.4 |
| Earnings (loss) per share: | ||||
| Basic: | ||||
| Net income (loss) attributable to Minerals Technologies Inc. | $1.44 | $0.61 | $(3.11) | $2.06 |
| Diluted: | ||||
| Net income (loss) attributable to Minerals Technologies Inc. | $1.44 | $0.61 | $(3.11) | $2.05 |
| Cash dividends declared per common share | $0.11 | $0.10 | $0.22 | $0.20 |
| Shares used in computation of earnings per share: | ||||
| Basic | 31.6 | 32.2 | 31.7 | 32.3 |
| Diluted | 31.6 | 32.4 | 31.7 | 32.4 |
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