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Mar 31, 2024
Minerals Technologies Q1 2024 Earnings Report
Reported record earnings per share and operating income, driven by growth in higher margin products and strong operating performance.
Key Takeaways
Minerals Technologies reported a strong start to the year with record first quarter earnings. Diluted EPS was $1.44 ($1.49 excluding special items). Worldwide net sales were $535 million, up slightly versus prior year on an underlying basis. Record operating income was $77 million excluding special items.
Record Operating Income of $75 Million, or $77 Million Excluding Special Items, a 23% Increase over Prior Year
Strong Operating Margin of 14.1%, or 14.5% Excluding Special Items, a 290 bps Increase over Prior Year
Record First Quarter Cash Flow from Operations of $56 Million
Underlying growth in the Consumer & Specialties segment offset lower sales in Engineered Solutions.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
This press release may contain 'forward‐looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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