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Dec 31, 2023
Minerals Technologies Q4 2023 Earnings Report
Minerals Technologies reported record fourth quarter revenue and EPS, driven by strong performance in Consumer & Specialties and Engineered Solutions segments.
Key Takeaways
Minerals Technologies reported a record fourth quarter with revenue of $525 million, up 3% year-over-year. Diluted EPS was $1.22, or $1.28 excluding special items. Strong cash flow from operations and free cash flow were reported at $95 million and $73 million, respectively.
Record Fourth Quarter Revenue of $525 Million
Strong Cash Flow from Operations of $95 Million and Free Cash Flow of $73 Million
Increased Dividend and Initiated a New, 1-Year, $75M Share Repurchase Program
Underlying sales, excluding the deconsolidation of Barretts Minerals Inc. (BMI), grew 6 percent
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 contains forward‐looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations and forecasts of future events such as new products, revenues and financial performance, and are not limited to describing historical or current facts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income