MINERALS TECHNOLOGIES INC
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
MTX$61.87-1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income (Loss)
INCOME (LOSS)
| Year Ended December 31, | |||
|---|---|---|---|
| (in millions of dollars, except per share data) | 2025 | 2024 | 2023 |
| Net sales | $2,072.6 | $2,118.5 | $2,169.9 |
| Cost of goods sold | 1,554.6 | 1,570.8 | 1,662.8 |
| Production margin | 518.0 | 547.7 | 507.1 |
| Marketing and administrative expenses | 208.0 | 209.2 | 206.0 |
| Research and development expenses | 22.9 | 23.0 | 21.2 |
| Provision for litigation accrual and credit losses | 215.0 | 30.0 | - |
| Restructuring and other items | 15.0 | - | 6.9 |
| Impairment of assets | - | - | 71.7 |
| Acquisition-related expenses | - | - | 0.3 |
| Gain on sale of assets, net | (9.9) | (12.3) | - |
| Litigation expenses | 19.6 | 11.3 | 29.2 |
| Income from operations | 47.4 | 286.5 | 171.8 |
| Interest expense, net | (54.5) | (56.4) | (59.2) |
| Debt extinguishment expenses | - | (1.8) | - |
| Other non-operating deductions, net | (6.9) | (4.7) | (4.9) |
| Total non-operating deductions, net | (61.4) | (62.9) | (64.1) |
| Income (loss) before tax and equity in earnings | (14.0) | 223.6 | 107.7 |
| Provision for taxes on income | 4.9 | 59.4 | 23.7 |
| Equity in earnings of affiliates, net of tax | 4.9 | 6.7 | 4.3 |
| Net income (loss) | (14.0) | 170.9 | 88.3 |
| Less: | |||
| Net income attributable to non-controlling interests | 4.4 | 3.8 | 4.2 |
| Net income (loss) attributable to Minerals Technologies Inc. (MTI) | $(18.4) | $167.1 | $84.1 |
| Earnings (loss) per share: | |||
| Basic: | |||
| Net income (loss) attributable to Minerals Technologies Inc. | $(0.59) | $5.21 | $2.59 |
| Diluted: | |||
| Net income (loss) attributable to Minerals Technologies Inc. | $(0.59) | $5.17 | $2.58 |
| Cash dividends declared per common share | $0.45 | $0.41 | $0.25 |
| Shares used in computation of earnings (loss) per share: | |||
| Basic | 31.4 | 32.1 | 32.5 |
| Diluted | 31.4 | 32.3 | 32.6 |
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