Minerals Technologies Q1 EPS Rises to $1.44; Operating Income Hits Record $75 Million
Minerals Technologies reported first-quarter 2024 diluted earnings per share of $1.44, up from $1.14 a year earlier, and $1.49 excluding special items. Net sales were $535 million, down 2% from the prior year as reported but slightly up on an underlying basis, excluding the deconsolidation of Barretts Minerals after its Chapter 11 filing. Shareholders see higher profit on slightly lower reported sales, with Consumer & Specialties offsetting weaker Engineered Solutions results.
Key points
- Diluted EPS $1.44 vs. $1.14 a year earlier; $1.49 excluding special items
- Operating income $75 million, a record for the company; 14.1% operating margin
- Net sales $535 million, down 2% as reported and slightly up on an underlying basis; Engineered Solutions sales down 5%
- Cash flow from operations $56 million; free cash flow $39 million; repurchased $15 million of shares
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:54 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 25, 2024.
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.