Minerals Technologies swings to Q2 net loss on talc-related litigation charge

Minerals Technologies

30/07/2026 22:18

Overview
US specialty minerals firm's Q2 sales rose 4% yr/yr, missing analyst expectations
Adjusted EPS for Q2 increased 3% yr/yr but missed analyst expectations
Company posted net loss on $290 mln charge for talc-related litigation

Outlook
Minerals Technologies expects mid-single digit sales growth for full yr
Company says pricing actions are in place to restore margins in H2

Result Drivers
ENGINEERED SOLUTIONS GROWTH - Higher sales in Environmental & Infrastructure and High-Temperature Technologies drove segment growth, supported by demand from steel, foundry, and infrastructure projects
CONSUMER & SPECIALTIES WEAKNESS - Lower sales in high-margin consumer specialty products and higher input costs reduced segment income
INFLATIONARY COST PRESSURES - Company cited significant inflationary cost increases, especially in Consumer & Specialties, with pricing actions underway to restore margins

Company press release: ID:nGNXbwL70s

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$548.40 mln
$558.83 mln (4 Analysts)
Q2 Adjusted EPS
Miss
$1.60
$1.64 (4 Analysts)
Q2 Loss Per Share
 
$5.90
 
Q2 Net Loss
 
$182.60 mln
 

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 $91.00, about 25.5% above its July 30 closing price of $72.51
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
July 29 - United States Lime & Minerals Q2 revenue rises on higher construction, steel demand
July 29 - Can J&J finally put the talc litigation behind it?
July 30 - UK's Vesuvius H1 revenue rises 1.5% amid operational challenges

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.)