Quarterly ResultJul 30, 2026, 05:07 PM
Minerals Technologies Q2 Reported EPS $(5.90); Sales Up 4%
AI Summary
Minerals Technologies Inc. reported a significant loss per share of $(5.90) for the second quarter of 2026, primarily due to a $290 million charge for talc-related claims. However, excluding special items, adjusted earnings per share increased 3% to $1.60. The company's net sales grew 4% year-over-year to $548 million, with first-half sales up 7% to $1.1 billion, indicating continued sales momentum. The Engineered Solutions segment showed strong performance with 9% sales growth, while the Consumer & Specialties segment faced challenges from inflationary costs and volume mix.
Key Highlights
- Reported loss per share $(5.90) for the second quarter of 2026.
- Adjusted earnings per share (excluding special items) was $1.60, a 3% increase year-over-year.
- Worldwide net sales for Q2 2026 were $548 million, up 4% over the prior year.
- Consolidated sales for the first half of 2026 reached $1.1 billion, up 7% year-over-year.
- A $290 million charge was recorded to increase the reserve for talc-related claims.
- Engineered Solutions segment sales increased 9% to $274 million, with operating income up 12%.
- Consumer & Specialties segment sales were $275 million, down 1%, with operating income down 21%.
- Adjusted net leverage ratio stood at 1.6x, reflecting a solid balance sheet.
Price Impact
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