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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.
Minerals Technologies
Minerals Technologies
Minerals Technologies Revenue by Segment
Minerals Technologies Revenue by Geographic Location
Revenue by Segment
Consumer & Specialties Revenue
CapyFin.comHousehold & Personal Care Revenue
CapyFin.comSpecialty Additives Revenue
CapyFin.comEngineered Solutions Revenue
CapyFin.comHigh-Temp Technologies Revenue
CapyFin.comEnvironmental & Infra Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comInternational Revenue
CapyFin.com 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