MINERALS TECHNOLOGIES INC

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.

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.

Minerals Technologies Inc. reported a Q2 2026 loss per share of $5.90, primarily due to a $290 million charge for talc-related litigation accrual. Excluding special items, adjusted earnings per share increased 3% to $1.60. The company's net sales grew 4% to $548 million in the quarter, with year-to-date sales up 7%, and it reported strong cash flow generation. Additionally, Minerals Technologies published its 18th Sustainability Report and announced an Investor Day for September 22, 2026.

Minerals Technologies Inc. announced the publication of its 18th Sustainability Report, highlighting significant environmental, safety, and community achievements. The company successfully met all 12 environmental targets set in 2018, including substantial reductions in emissions, waste, and water usage. MTI also achieved a new company-best safety record in 2025 and introduced a new set of 10-year environmental targets for 2025-2035.

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 September 4, 2026, to shareholders who are on record at the close of business on August 14, 2026.

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.