MINERALS TECHNOLOGIES INC

Minerals Technologies Inc. announced it will release its second quarter results for the period ended July 5, 2026, on Thursday, July 30, 2026, after the market closes. The company will host a conference call to discuss these results on Friday, July 31, 2026, at 11 a.m. Eastern Time. Investors can access the webcast and presentation materials via the company's Investor Relations page, with a replay available for one year.

Minerals Technologies Inc. (MTI) announced the filing of a Plan of Reorganization for its subsidiary BMI OldCo Inc.'s Chapter 11 cases. The plan proposes to fund a Talc Personal Injury Trust with $450 million and includes the waiver of over $100 million in claims against the debtors. MTI will record a $290 million charge in the second quarter of 2026 to increase its reserve for estimated costs, while the broader dispute regarding talc safety remains before the U.S. District Court.

Minerals Technologies Inc. (MTI) and its affiliates have filed a Plan of Reorganization for its subsidiaries' Chapter 11 cases, aiming for an efficient resolution of talc-related claims. The plan proposes funding a Talc Personal Injury Trust with $450 million from Non-Debtor Affiliates and waiving over $100 million in claims. Concurrently, MTI will record a $290 million charge in the second quarter of 2026 for estimated costs. The company maintains its talc is safe, with the core dispute still pending before the U.S. District Court.

Minerals Technologies Inc. announced that its company, CETCO, participated in a U.S. Environmental Protection Agency (EPA) roundtable on PFAS remediation in Washington, D.C. CETCO's Global Director, Barry Shadrix, joined a panel with EPA Administrator Lee Zeldin and U.S. Department of Health & Human Services Secretary Robert F. Kennedy, Jr. The discussion highlighted different methodologies for removing PFAS from drinking water supplies, focusing on innovation and cost-effectiveness. CETCO showcased its FLUORO-SORB® adsorbent, emphasizing its proven track record, cost-efficiency, and versatility in PFAS remediation.

Minerals Technologies Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.12 per share on the company's outstanding common stock. This dividend is scheduled to be paid on June 18, 2026, to shareholders who are on record as of the close of business on June 2, 2026.

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.

Minerals Technologies Inc. announced strong first quarter 2026 financial results, with net sales rising 11% year-over-year to $547 million, driven by volume growth across both segments. Diluted earnings per share, excluding special items, increased 21% to $1.38. The company reported double-digit sales growth across multiple businesses and expects this momentum to continue through the year, despite geopolitical challenges and higher global energy costs.

Minerals Technologies Inc. reported Q1 2026 earnings per share of $1.17, or $1.38 excluding special items, representing a 21% increase over the prior year. Worldwide net sales grew 11% year-over-year to $547 million, driven by volume growth across both segments. The company expects this momentum to continue through the year, supported by innovation and growth investments, despite navigating higher global energy costs due to geopolitical events.