Quarterly ResultMay 1, 2026, 03:21 PM
Minerals Technologies Q1 Net Income $36.2M; Sales +11.2% to $546.9M
AI Summary
Minerals Technologies Inc. reported a strong first quarter for 2026, with net income attributable to the company reaching $36.2 million, a significant improvement from a $144.0 million loss in the prior year. Net sales increased by 11.2% to $546.9 million, driven by growth across both its Consumer & Specialties and Engineered Solutions segments. Diluted earnings per share also saw a substantial turnaround, reaching $1.17 compared to a loss of $4.51 in the previous year, which was impacted by a large litigation accrual.
Key Highlights
- Net sales increased 11.2% to $546.9 million for Q1 2026, up from $491.8 million in Q1 2025.
- Net income attributable to Minerals Technologies Inc. was $36.2 million, a significant turnaround from a $144.0 million loss in Q1 2025.
- Diluted earnings per share (EPS) was $1.17, compared to a loss of $4.51 in the prior year period.
- Production margin rose 9.6% to $131.1 million from $119.6 million year-over-year.
- Consumer & Specialties segment net sales increased 10.5% to $296.6 million.
- Engineered Solutions segment net sales increased 12.0% to $250.3 million.
- Net cash provided by operating activities was $32.1 million, compared to $4.4 million used in Q1 2025.
- Cash dividends declared per common share increased to $0.12 from $0.11.
Price Impact
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