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Broke on Sep 11, 2026 · measured target $60.50 (-2%). Details →
Oct 29, 5:04 PM ET
Minerals Technologies reported third-quarter 2026 net sales of $555 million, up 4% from a year earlier, and earnings per share of $1.37, unchanged from the prior year. Excluding special items, EPS was $1.53 versus $1.55, and the company said it remains on track for mid-single-digit revenue growth for the full year. The company also raised its quarterly dividend 8% to $0.13 per share.
- Third-quarter net sales were $555 million, up 4% year over year; reported operating income was $65 million versus $71 million a year earlier.
- Consumer & Specialties segment operating income fell 34% to $25 million, driven by higher energy, transportation and raw material costs not fully recovered within the quarter.
- On October 13, 2026, the company completed a $400 million private offering of 7.5% senior notes due 2032 and raised its revolving credit facility to $500 million.
- The quarterly dividend rises to $0.13 per share, payable December 3, 2026, to holders of record on November 5, 2026.
Read the filing on SEC.gov ↗
Oct 21, 4:33 PM ET
Minerals Technologies' board declared an 8% increase in its regular quarterly dividend, to $0.13 per share from the prior level implied by the increase. The dividend is payable December 3, 2026, to holders of record on November 5, 2026, and marks the fourth straight year of dividend increases.
- Quarterly dividend raised 8% to $0.13 per share
- Payable December 3, 2026, to stockholders of record at close of business November 5, 2026
- Chairman and CEO Douglas T. Dietrich cited the fourth consecutive annual dividend increase
Read the filing on SEC.gov ↗
Oct 13, 4:58 PM ET
Minerals Technologies completed a $400 million offering of 7.500% Senior Notes due 2032 and amended its credit agreement with JPMorgan Chase Bank as administrative agent. The company plans to use the note proceeds, plus cash on hand, to redeem its outstanding 5.000% senior notes due 2028 and pay offering fees. The amendment replaces the existing $400 million revolving facility with a $500 million facility maturing October 13, 2031.
- $400 million of 7.500% Senior Notes due 2032, interest payable January 15 and July 15 starting January 15, 2027
- Proceeds, with cash on hand, to redeem all outstanding 5.000% senior notes due 2028 and pay fees
- New $500 million senior secured revolving credit facility maturing October 13, 2031, replacing the $400 million revolver
- Existing $564.9 million senior secured term loan facility is not changed and matures November 26, 2031
Read the filing on SEC.gov ↗
Jul 30, 5:02 PM ET
Minerals Technologies reported a second-quarter 2026 net loss attributable to the company of $183.6 million, or $5.90 per share, after a $290 million charge to increase its reserve for talc-related claims and the Chapter 11 cases of subsidiary BMI OldCo Inc. Net sales rose 4% to $548 million, and earnings per share excluding special items rose 3% to $1.60. The charge drives the GAAP loss, while the company says it is on track for mid-single digit sales growth for the full year.
- Net sales were $548 million, up 4% from the prior year; first-half sales were $1.1 billion, up 7%.
- Loss per share was $5.90, compared with earnings of $1.44 per share a year earlier; excluding special items, EPS was $1.60, up 3% from $1.55.
- A $290 million charge increased the reserve for talc-related claims and the Chapter 11 cases of BMI OldCo Inc.
- Adjusted net leverage was 1.6x; Investor Day is scheduled for September 22, 2026.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.