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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
Revenue by Geographic Location
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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