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Dec 31, 2024
Minerals Technologies Q4 2024 Earnings Report
Minerals Technologies Inc. reported its financial results for the fourth quarter and full year ended December 31, 2024, highlighting record operating income and earnings per share, improved margins, and strengthened balance sheet.
Key Takeaways
Minerals Technologies Inc. achieved an outstanding year in 2024, delivering record operating income and earnings per share, significantly expanding margins, strengthening its balance sheet, and increasing returns to shareholders. Despite challenging end-market conditions in the fourth quarter, the company finished the year with another record performance.
Record Fourth Quarter and Full Year Operating Income and Earnings Per Share Excluding Special Items were achieved.
Full Year Operating Margin was delivered a year ahead of target.
Strong Free Cash Flow continued throughout the year.
Balance Sheet Strength improved by increasing liquidity and extending debt maturities.
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
The company will host a conference call on February 7, 2025, to discuss operating results for the fourth quarter and full year 2024.
Positive Outlook
- Record operating income and earnings per share achieved.
- Significant expansion of margins.
- Strengthened balance sheet.
- Increased returns to shareholders.
- Significant progress on growth strategies, including new products and technologies, expansion in strategic regions, and strengthening positions across product lines.
Challenges Ahead
- Experienced some challenging end-market conditions in the fourth quarter.
- High-Temperature Technologies sales were down due to softer demand in some industrial end markets.
- Environmental & Infrastructure sales were down due to lower levels of project activity (for the full year).
- Sales were down 1% from the prior year for the fourth quarter.
- Specialty Additives sales were down 2% from the prior year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income