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Minerals Technologies Inc

Minerals Technologies Inc. develops, produces, and markets various mineral, mineral-based products and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as cat litter under the SIVO brand name, personal care, fabric care, edible oil and renewable fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber-based packaging industries, as well as automotive, construction, consumer markets, and packaging applications. The Engineered Solutions segment provides high-temperature technology products consisting of custom-blended mineral and non-mineral products for casting auto and heavy truck parts, agriculture and construction equipment, municipal, infrastructure and other industrial castings markets; and environmental and infrastructure products comprising geosynthetic clay lining systems, vapor intrusion mitigation products, sub surface waterproofing systems, green roofs, wastewater remediation, drinking water purification technologies, and drilling products. In addition, this segment offers gunnable monolithic refractory products and application systems; monolithic refractory materials and pre-cast refractory shapes; refractory shapes and linings; carbon composites and pyrolitic graphite under PYROID brand; and filtration and well testing services. It markets its products primarily through its direct sales force, as well as regional distributors. The company operates in the United States, Canada, Latin America, Europe, Africa, and Asia. Minerals Technologies Inc. was incorporated in 1968 and is headquartered in New York, New York.

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Minerals Technologies posts $5.90 loss per share on talc charge, adjusted earnings rise 3%

Minerals Technologies Inc. reported a second-quarter loss per share of $5.90, driven by a $290 million charge to increase reserves for talc-related claims, while adjusted earnings per share rose 3 percent to $1.60. Worldwide net sales grew 4 percent to $548 million, with the Engineered Solutions segment up 9 percent and Consumer & Specialties down 1 percent. Excluding special items, operating income was $75 million, and the company generated free cash flow of $35.8 million in the quarter. The balance sheet remains solid with an adjusted net leverage ratio of 1.6 times, and the company published its 18th Sustainability Report with new 10-year environmental targets. MTI also announced it will host an Investor Day on September 22, 2026.
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Minerals Technologies Outperforms Basic Materials Sector with 27% Year-to-Date Gain

Minerals Technologies has returned about 27% year-to-date, significantly outpacing the Basic Materials sector's average gain of 7.1%. The company, which holds a Zacks Rank #2 (Buy), saw its full-year earnings consensus estimate rise 1.3% over the past three months. Within the Chemical - Specialty industry, which has gained 13.4% on average this year, Minerals Technologies is also performing better. Another industry peer, Perimeter Solutions, SA, has returned 18.9% year-to-date and carries a Zacks Rank #2 (Buy), with its current-year EPS estimate up 21.9% over three months.
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Minerals Technologies Files Reorganization Plan for BMI OldCo Chapter 11 Cases

Minerals Technologies Inc. has filed a Plan of Reorganization in the Chapter 11 cases of its subsidiaries BMI OldCo Inc. and its affiliated debtors to meet a court-imposed deadline. The plan proposes funding a Talc Personal Injury Trust with $450 million from non-debtor affiliates to pay current and future talc-related claims, along with a channeling injunction and a waiver of over $100 million in claims against the debtors. The filing is procedural, as the broader dispute remains before the U.S. District Court for the Southern District of Texas, which is set to determine whether any talc sold by BMI OldCo contained asbestos capable of causing disease. MTI will record a $290 million charge in the second quarter of 2026 to increase its reserve for estimated costs.
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