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MTX — Minerals Technologies News Story

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Minerals Technologies Q1 sales beat estimates

Overview

US specialty minerals firm's Q1 sales rose 11% yr/yr, beating analyst expectations

Company says growth driven by volume gains across both segments, with momentum expected to continue

Outlook

Company expects sales momentum to continue through the year

Result Drivers

HOUSEHOLD & PERSONAL CARE DEMAND - Growth in cat litter, animal health, fabric care, and purification for edible oil and renewable fuels drove Household & Personal Care sales

SPECIALTY ADDITIVES SALES - Higher sales to paper and packaging customers supported Specialty Additives growth

PROJECT ACTIVITY & WATER TREATMENT - Environmental & Infrastructure sales rose on large-scale project activity, infrastructure drilling, and offshore water treatment

Company press release: ID:nGNX6Vbrbn

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 SalesBeat$546.90 mln$515.63 mln (4 Analysts)
Q1 Adjusted EPSBeat$1.38$1.26 (4 Analysts)
Q1 EPS$1.17
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $84.50, about 20% above its April 29 closing price of $70.41 The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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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