Loading...
•
Dec 31, 2021
Minerals Technologies Q4 2021 Earnings Report
Minerals Technologies reported a strong fourth quarter, marked by increased sales and earnings per share, driven by robust demand across various product lines and strategic acquisitions.
Key Takeaways
Minerals Technologies Inc. reported a diluted earnings per share of $1.25, excluding special items, for the fourth quarter ended December 31, 2021, compared with $1.08 in the prior year. Worldwide net sales were $476.9 million, up 1 percent sequentially and 10 percent above the prior year. The company is set up for a year of strong profitable growth in 2022.
Fourth Quarter EPS of $1.25, Excluding Special Items, 16% Above Prior Year
Sales of $477 Million, 10 Percent Above Prior Year
Cash Flow from Operations of $69 Million and Free Cash Flow of $46 Million
Signed Two New Paper & Packaging Satellite Contracts in Asia
Minerals Technologies
Minerals Technologies
Minerals Technologies Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Company expects to recover approximately $5 million of unexpected logistics, labor, and operational challenges, including higher energy costs, in the first quarter of 2022 and is set up for a year of strong profitable growth in 2022
Positive Outlook
- Robust demand across product lines
- Actions taken to address logistics and inflationary challenges
- Expected recovery of unexpected costs in Q1 2022
- New business volumes in Refractories segment
- Strong steel market conditions in North America and Europe
Challenges Ahead
- Significant logistics and inflationary challenges
- Unexpected logistics, labor, and operational challenges in Q4 2021
- Higher energy costs impacted operating income
- Timing of price increases relative to continued inflationary cost increases
- Seasonally higher mining and operating costs impacted Performance Materials segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income