| Metric | Value ($ M) | Q2 FY25 |
|---|---|---|
| Revenue | 546.90 | 3.4% |
| Total Income | 546.90 | 3.4% |
| Expenditure | 488.20 | 7.5% |
| PBT | 45.90 | 22.3% |
| Net Profit | 36.20 | 20.3% |
| OPM | 10.73% | 3.37pp |
| NPM | 6.62% | 1.96pp |
| EPS | 1.17 | 18.8% |
Minerals Technologies Inc. Announces 2026 Second Quarter Financial Results
31 Jul 2026 · 31 Jul, 2:36 am
Summary
Minerals Technologies Inc. reported second quarter 2026 net sales of $548 million, a 4 percent increase year-over-year, and first half sales of $1.1 billion, up 7 percent. The company reported a second quarter operating loss of $220 million, or $75 million in operating income excluding special items, which included a $290 million charge related to talc-related claims and subsidiary bankruptcy. The Engineered Solutions segment achieved record operating margins of 17.8% with sales up 9%, while the Consumer & Specialties segment saw a 1% sales decrease. Management noted strong sales momentum driven by growth initiatives and market conditions, and expects to achieve full-year revenue targets, with pricing actions in place to restore margins impacted by inflation.
Key Highlights
- 1
Consolidated net sales for the second quarter of 2026 were $548 million, an increase of 4 percent over the prior year.
- 2
For the first half of 2026, consolidated sales were $1.1 billion, up 7 percent over the prior year.
- 3
Reported operating loss in the second quarter was $220 million, or operating income of $75 million excluding special items.
- 4
The Engineered Solutions segment reported operating income of $49 million, up 12 percent excluding special items, representing a record operating margin of 17.8 percent of sales.
- 5
Consumer & Specialties segment sales were $275 million, down 1 percent from the prior year, with reported operating income down 21 percent excluding special items.
- 6
The company published its 18th Annual Sustainability Report and established new 10-year environmental targets through 2035.
- 7
The company will host an Investor Day event on September 22, 2026.
Management Comments
Douglas T. Dietrich
Our sales momentum continued in the second quarter, resulting in 7 percent growth in the first half of the year. This trend is being driven by our growth initiatives and strong market conditions, and we are on track to hit our full year revenue targets. We absorbed significant inflationary cost increases that temporarily impacted margins, primarily in the Consumer & Specialties segment, but have pricing actions into place to restore them through the back half of the year. We are excited to welcome investors to our 2026 Investor Day, where we will provide an update on the strategic growth initiatives driving MTI’s performance today and discuss the opportunities that will shape our future. Our team will showcase MTI’s unique combination of mineral resources, technologies, and application expertise and highlight how we develop innovative solutions that align with emerging customer and market trends. We will also preview some of the new applications that we believe will open up new markets in the next few years and continue to create long-term shareholder value.
Informational and educational content only. Not investment advice.