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MTX — Minerals Technologies News Story

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Minerals Technologies beats Q3 revenue, adjusted EPS estimates

Overview

Minerals Technologies Q3 revenue of $532 mln beats analyst expectations

Adjusted EPS for Q3 at $1.55 beats consensus, setting a quarterly record

Company maintains strong operating margin and cash flow amidst mixed market conditions

Outlook

Company expects strategic investments to drive growth in Household & Personal Care

Company notes mixed market conditions but sees growth opportunities

Result Drivers

HOUSEHOLD & PERSONAL CARE GROWTH - Sales in this product line increased by 2% sequentially, driven by higher volume in cat litter and other consumer products

ENVIRONMENTAL & INFRASTRUCTURE GROWTH - Sales rose 5% sequentially due to offshore water filtration and infrastructure drilling products

STRATEGIC INVESTMENTS - Co making strategic investments in Household & Personal Care to drive future growth

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 SalesBeat$532.40 mln$528.76 mln (3 Analysts)
Q3 Adjusted EPSBeat$1.55$1.46 (3 Analysts)
Q3 EPS$1.37
Q3 Net Income$44.20 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the specialty chemicals peer group is "buy" Wall Street's median 12-month price target for Minerals Technologies Inc is $84.00, about 26.2% above its October 21 closing price of $62.00 The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago Press Release: ID:nGNXbfyGCy For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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