Minerals Technologies posts Q1 loss of $4.51 per share on $215 million talc reserve
Minerals Technologies reported a first-quarter 2025 net loss attributable to the company of $144.0 million, or $4.51 per diluted share, after a $215 million reserve for talc-related claims and the Chapter 11 case of subsidiary BMI OldCo. Net sales fell 8% to $492 million, and excluding special items, earnings were $1.14 per share compared with $1.49 a year earlier. Management said sales improved in March and expects that to continue through the second quarter.
Key points
- Net loss attributable to the company was $144.0 million, or $4.51 per diluted share, versus net income of $46.7 million, or $1.44 per diluted share, in the first quarter of 2024.
- A $215 million provision covers estimated costs to fund a trust for talc-related claims and BMI OldCo's Chapter 11 case, including $30 million of debtor-in-possession financing.
- Net sales were $492 million, down 8% year over year, with Consumer & Specialties sales down 10% and Engineered Solutions sales down 6%.
- A cost savings program targets about $10 million in annualized savings, with a $5.5 million charge in the quarter and full run rate savings expected by early 2026.
The filing
Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing 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 24, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.