Minerals Technologies Inc. Announces 2026 Third Quarter Financial Results
Key Highlights
- ➤Q3 sales $555 million, up 4% year over year
- ➤Q3 EPS $1.37, or $1.53 excluding special items
- ➤Nine-month operating cash flow $171 million, up 32% year over year
- ➤New rare-earth and steel-slag technologies could generate over $200 million revenue in five years
- ➤$400 million notes offering refinanced 2028 debt; revolver capacity raised to $500 million
- ➤Quarterly dividend increased 8% to $0.13 per share
Expert Statements
Douglas T. Dietrich, Chairman and Chief Executive Officer of Minerals Technologies Inc.
“Our sales growth continued in the third quarter, and we remain on track to achieve mid-single-digit revenue growth for the full year.”
Douglas T. Dietrich, Chairman and Chief Executive Officer of Minerals Technologies Inc.
“We also continue to execute on our growth strategy with the recent announcement of two new solutions that target opportunities in rare earths and critical minerals.”
Douglas T. Dietrich, Chairman and Chief Executive Officer of Minerals Technologies Inc.
“This demonstrates our ability to extend our core technologies to new applications and deliver continued long-term growth and value creation.”
Douglas T. Dietrich, Chairman and Chief Executive Officer of Minerals Technologies Inc.
“This is the fourth year in a row that MTI’s Board of Directors has authorized an increase of our quarterly dividend, reflecting our confidence in MTI’s continued ability to deliver steady cash flow, create value for shareholders, and execute on its long-term growth strategy.”
* Sales growth was 4 percent versus prior year and 6 percent year-to-date * Earnings per share of $1.37 or $1.53, excluding special items * Strong cash flow generation, with year-to-date cash flow from operations up 32 percent * Hosted 2026 Investor Day, introducing new technologies to support U.S. production of rare earths and critical minerals * Improved financial flexibility by extending debt maturities and increasing liquidity * Increased regular quarterly dividend by 8 percent NEW YORK, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI”), a leading, technology-driven specialty minerals company, today reported earnings per share for the third quarter ended October 4, 2026, of $1.37, or $1.53 excluding special items.
“Our sales growth continued in the third quarter, and we remain on track to achieve mid-single-digit revenue growth for the full year,” said Douglas T. Dietrich, Chairman and Chief Executive Officer. “We also continue to execute on our growth strategy with the recent announcement of two new solutions that target opportunities in rare earths and critical minerals. This demonstrates our ability to extend our core technologies to new applications and deliver continued long-term growth and value creation.”
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