Minerals Technologies: Fourth Quarter Earnings Overview

Minerals Technologies Inc. Announces Fourth-Quarter Financial Results

Minerals Technologies Inc. (MTX), headquartered in New York, disclosed a net profit of $37.1 million for the fourth quarter.

The company reported earnings of $1.19 per share, with adjusted earnings—excluding one-time expenses—coming in at $1.27 per share.

These figures fell slightly short of analysts’ expectations, as a survey by Zacks Investment Research had projected earnings of $1.28 per share.

During the quarter, the manufacturer specializing in mineral and synthetic mineral products generated $519.5 million in revenue.

Looking at the full year, Minerals Technologies posted a net loss of $18.4 million, translating to a loss of $0.59 per share, while annual revenue reached $2.07 billion.