Quarterly ResultJul 31, 2026, 03:07 PM
Minerals Technologies Q2 Net Loss $183.6M; EPS $(5.90)
AI Summary
Minerals Technologies Inc. reported a significant net loss of $(183.6) million, or $(5.90) per basic share, for the second quarter of 2026, primarily driven by a $290.0 million provision for litigation accrual and credit losses. Despite the substantial loss, net sales increased to $548.4 million from $528.9 million in the prior year quarter. The Engineered Solutions segment saw a 9.0% sales increase, while the Consumer & Specialties segment experienced a slight 1.1% decline.
Key Highlights
- Q2 2026 net loss attributable to Minerals Technologies Inc.: $(183.6) million.
- Q2 2026 basic earnings per share (EPS): $(5.90).
- Provision for litigation accrual and credit losses: $290.0 million in Q2 2026.
- Q2 2026 net sales: $548.4 million, up from $528.9 million in Q2 2025.
- Engineered Solutions segment sales: $273.9 million, a 9.0% increase.
- Consumer & Specialties segment sales: $274.5 million, a 1.1% decrease.
- Net cash provided by operating activities: $95.1 million for the six months ended July 5, 2026.
- Long-term debt: $952.9 million as of July 5, 2026.
Price Impact
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