MINERALS TECHNOLOGIES INC

For the period ended Apr 5, 2026. Filed May 1, 2026.

About this filing

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.

Apr 5, 2026 · Filed May 1, 2026

MTX$61.63-1.5%Stored close · as of Nov 6, 2026

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Contents

Item 1. Condensed Consolidated Balance Sheets as of April 5, 2026 (Unaudited) and December 31, 2025

CONDENSED CONSOLIDATED BALANCE SHEETS

	Apr. 5,	Dec. 31,
(in millions of dollars)	2026*	2025**
ASSETS
Current assets:
Cash and cash equivalents	$315.9	$329.0
Short-term investments	5.4	3.6
Accounts receivable, net	412.7	400.1
Inventories	357.9	350.2
Prepaid expenses and other current assets	63.6	72.7
Total current assets	1,155.5	1,155.6
Property, plant, and equipment	2,317.4	2,308.9
Less accumulated depreciation and depletion	(1,290.8)	(1,283.9)
Property, plant, and equipment, net	1,026.6	1,025.0
Goodwill	915.6	915.9
Intangible assets	205.5	208.7
Deferred income taxes	15.7	15.2
Other assets and deferred charges	146.4	148.6
Total assets	$3,465.3	$3,469.0
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term debt	$6.0	$0.4
Current maturities of long-term debt	6.2	6.3
Accounts payable	199.7	187.9
Other current liabilities	331.5	360.8
Total current liabilities	543.4	555.4
Long-term debt, net of unamortized discount and deferred financing costs	954.0	955.0
Deferred income taxes	90.8	90.7
Accrued pension and postretirement benefits	16.8	19.5
Other non-current liabilities	98.8	98.7
Total liabilities	1,703.8	1,719.3
Commitments and contingencies
Shareholders’ equity:
Common stock	5.0	5.0
Additional paid-in capital	535.8	535.1
Retained earnings	2,514.4	2,481.9
Accumulated other comprehensive loss	(353.5)	(340.4)
Less common stock held in treasury	(973.6)	(968.2)
Total Minerals Technologies Inc. shareholders’ equity	1,728.1	1,713.4
Non-controlling interests	33.4	36.3
Total shareholders’ equity	1,761.5	1,749.7
Total liabilities and shareholders’ equity	$3,465.3	$3,469.0

*Unaudited

**Condensed from audited financial statements

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Three Months Ended
Apr. 5, · Mar. 30,
(in millions of dollars) · 2026 · 2025
Operating Activities:
Net income (loss)		$37.3	$(143.0)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation, depletion, and amortization		24.9	23.5
Reduction of right of use asset		4.1	3.9
Provision for litigation accrual and credit losses		-	215.0
Restructuring and other items		-	5.5
Other non-cash items, net		4.4	(39.9)
Net changes in operating assets and liabilities		(38.6)	(69.4)
Net cash provided by (used in) operating activities		32.1	(4.4)
Investing Activities:
Purchases of property, plant, and equipment		(23.1)	(18.3)
Proceeds from sale of short-term investments		-	3.1
Purchases of short-term investments		(1.3)	(4.5)
Other investing activities		(5.0)	(2.1)
Net cash used in investing activities		(29.4)	(21.8)
Financing Activities:
Net proceeds from issuance of short-term debt		5.6	14.5
Repayment of long-term debt		(1.5)	-
Purchase of common stock for treasury		(5.4)	(11.5)
Proceeds from issuance of stock under option plan		1.0	0.1
Excess tax benefits related to stock incentive programs		(3.3)	(3.4)
Dividends paid to non-controlling interests		(3.8)	-
Cash dividends paid		(3.7)	(3.6)
Net cash used in financing activities		(11.1)	(3.9)
Effect of exchange rate changes on cash and cash equivalents		(4.7)	3.6
Net decrease in cash and cash equivalents		(13.1)	(26.5)
Cash and cash equivalents at beginning of period		329.0	333.1
Cash and cash equivalents at end of period		$315.9	$306.6
Supplemental disclosure of cash flow information:
Interest paid		$18.9	$19.6
Income taxes paid		$10.9	$9.8
Non-cash financing activities:
Treasury stock purchases settled after period end		$0.1	$0.3
Excise tax charged to equity not paid	$	-	$0.1

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS**’**** EQUITY**

	Equity Attributable to MTI
Accumulated
Additional · Other
Common · Paid-in · Retained · Comprehensive · Treasury · Non-controlling
(in millions of dollars)	Stock	Capital	Earnings	Loss	Stock	Interests	Total
Balance as of December 31, 2025	$5.0	$535.1	$2,481.9	$(340.4)	$(968.2)	$36.3	$1,749.7
Net income	-	-	36.2	-	-	1.1	37.3
Other comprehensive loss, net	-	-	-	(13.1)	-	(0.2)	(13.3)
Dividends declared	-	-	(3.7)	-	-	-	(3.7)
Dividends paid to non-controlling interests	-	-	-	-	-	(3.8)	(3.8)
Issuance of shares pursuant to employee stock compensation plans	-	1.0	-	-	-	-	1.0
Purchase of common stock for treasury	-	-	-	-	(5.4)	-	(5.4)
Stock-based compensation	-	3.1	-	-	-	-	3.1
Conversion of RSU's for tax withholding	-	(3.4)	-	-	-	-	(3.4)
Balance as of April 5, 2026	$5.0	$535.8	$2,514.4	$(353.5)	$(973.6)	$33.4	$1,761.5

	Equity Attributable to MTI
Accumulated
Additional · Other
Common · Paid-in · Retained · Comprehensive · Treasury · Non-controlling
(in millions of dollars)	Stock	Capital	Earnings	Loss	Stock	Interests	Total
Balance as of December 31, 2024	$5.0	$523.9	$2,514.5	$(387.1)	$(909.3)	$36.2	$1,783.2
Net income (loss)	-	-	(144.0)	-	-	1.0	(143.0)
Other comprehensive income, net	-	-	-	10.3	-	(0.6)	9.7
Dividends declared	-	-	(3.6)	-	-	-	(3.6)
Issuance of shares pursuant to employee stock compensation plans	-	0.1	-	-	-	-	0.1
Purchase of common stock for treasury	-	-	-	-	(11.5)	-	(11.5)
Stock-based compensation	-	3.0	-	-	-	-	3.0
Conversion of RSU's for tax withholding	-	(3.1)	-	-	-	-	(3.1)
Balance as of March 30, 2025	$5.0	$523.9	$2,366.9	$(376.8)	$(920.8)	$36.6	$1,634.8

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