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Minerals Technologies Inc. (MTX)
NYSE:MTX
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.4Last Year’s EPS
$1.28Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -2.49%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance and growth in Consumer & Specialties, supported by new product developments and strategic initiatives. However, challenges in the industrial markets, particularly in the Engineered Solutions segment, were noted, reflecting a slowdown in demand. The company's balanced portfolio and innovation efforts position it well for future growth, despite current market uncertainties.Company Guidance
During the Q3 2024 earnings call for Minerals Technologies (MTX), the company reported record third-quarter operating income and EPS, driven by robust performance despite a general slowdown in industrial markets. Sales for the quarter were $525 million, with operating income rising by 3% to $79 million, achieving an operating margin of 15.1%. The company's Consumer & Specialties segment saw a 1% sales increase on an underlying basis, with strong gains in personal care (up 7%), edible oil and renewable fuel purification (up 4%), and animal health (up 13%). The Engineered Solutions segment experienced a 5% decrease in sales, mainly due to softer demand in high-temperature technologies and environmental product lines. However, the segment maintained a strong operating margin of 15.9%. MTX also announced a new $200 million share repurchase program and a 10% dividend increase, reflecting confidence in its financial strength. Looking forward, MTX expects Q4 sales to remain steady, with operating income projected between $70 million and $75 million, and EPS between $1.35 and $1.45, setting the stage for another record year.Record Third Quarter and Year-to-Date Performance
Achieved a record third quarter operating income and EPS, with operating income rising by 3% to $79 million and operating margin improving by 100 basis points to 15.1% of sales. Year-to-date, free cash flow increased by 55% to $105 million.
Strong Financial Position and Capital Allocation
Completed $75 million share repurchase program and announced a new $200 million share repurchase initiative. Increased dividend by 10%, reflecting confidence in financial strength and growth prospects.
Innovation and Product Development
Launched SIVO brand in Household and Personal Care, expanded specialty additives in paper and packaging, and introduced new technology for bioplastics. Developed autonomous mining capabilities to enhance safety and productivity.
Consumer & Specialties Segment Growth
Segment sales increased 1% year-over-year. Personal care sales up 7%; edible oil and renewable fuel purification up 4%; and Animal Health up 13% over last year.
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MTX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MTX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $77.85 | $76.35 | -1.93% |
| Jul 25, 2024 | $88.00 | $80.28 | -8.77% |
| Apr 25, 2024 | $70.90 | $73.41 | +3.54% |
| Feb 01, 2024 | $66.24 | $68.09 | +2.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Minerals Technologies Inc. (MTX) report earnings?
Minerals Technologies Inc. (MTX) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Minerals Technologies Inc. (MTX) earnings time?
Minerals Technologies Inc. (MTX) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MTX EPS forecast?
MTX EPS forecast for the fiscal quarter 2024 (Q4) is $1.4.
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