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Minerals Technologies reported a solid fourth quarter with sequential sales growth and improved operating margin. The company's cost control, pricing, and productivity actions contributed to the positive results. Strong cash flow was generated, and the company maintained a solid financial position.
Sales of $432 million, 11 percent higher sequentially.
Demand continued to improve across major end markets.
Operating Margin improved sequentially and versus prior year.
Strong cash flow from operations of $92 million and free cash flow of $72 million.
Company believes it is well-positioned to drive improved profitability as volumes recover in 2021.
Visualization of income flow from segment revenue to net income