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Sep 29, 2024
Minerals Technologies Q3 2024 Earnings Report
Minerals Technologies Inc. reported record third-quarter operating income and EPS, excluding special items.
Key Takeaways
Minerals Technologies Inc. announced record third-quarter results, with earnings per share of $1.45 ($1.51 excluding special items). The company's operating income, excluding special items, was $79 million, up 3% year-over-year, representing 15.1% of sales. A new $200 million share repurchase program was authorized, and the dividend was increased by 10%.
Record third quarter operating income and earnings per share excluding special items were achieved.
Operating margin and cash flow remained strong.
A new $200 million share repurchase program was announced, succeeding the completed $75 million program.
The dividend was increased by 10%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
No specific forward guidance was provided in the release.
Revenue & Expenses
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