Minerals Technologies ( (MTX) ) has released its Q4 earnings. Here is a breakdown of the information Minerals Technologies presented to its investors.
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Minerals Technologies Inc., headquartered in New York, is a technology-driven company specializing in the development, production, and marketing of a broad array of mineral and mineral-based products for diverse consumer and industrial markets, including household, food, pharmaceutical, paper, packaging, automotive, construction, and environmental sectors.
In its latest earnings report, Minerals Technologies Inc. announced record operating income and earnings per share for the fourth quarter and full year 2024, excluding special items. Despite challenging market conditions in the fourth quarter, the company surpassed its operating margin target a year ahead of schedule, bolstered its balance sheet, and sustained strong free cash flow.
Key financial highlights include a fourth-quarter earnings per share of $1.68, or $1.50 excluding special items, and a full-year earnings per share of $5.17, or $6.15 excluding special items. The company achieved a full-year operating income of $287 million, with an adjusted operating income of $316 million, marking a 13% increase from the prior year. Notably, the Consumer & Specialties segment saw a 17% rise in operating income, driven by improved pricing and lower input costs.
Additionally, the company reported a robust free cash flow of $147 million for the year, repurchased $64 million of shares, repaid $39 million of debt, and increased its dividend. Minerals Technologies also extended its debt maturities and enhanced liquidity through refinancing efforts, maintaining a strong balance sheet with a net leverage ratio of 1.6 times adjusted EBITDA.
Looking forward, Minerals Technologies remains committed to advancing its growth strategies, including product innovation and regional expansion, while navigating complex market dynamics. The company is poised to continue building on its operational strengths to enhance shareholder value.
