Minerals Technologies Inc. Announces 2025 Fourth Quarter and Full Year Financial Results

GlobeNewswire

NEW YORK, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (“MTI”), a leading, technology-driven specialty minerals company, today reported earnings per share for the fourth quarter ended December 31, 2025, of $1.19, or $1.27 excluding special items.

“This past year, MTI demonstrated our strength as a company through the resilience and ingenuity of our teams around the world. We navigated multiple market challenges while remaining focused on our growth projects and strategic initiatives,” said Douglas T. Dietrich, MTI’s Chairman and Chief Executive Officer. “The timely investments we made last year position us for a strong 2026. Furthermore, our financial strength, underpinned by a robust balance sheet, is a solid foundation to support organic and inorganic growth going forward.”

Fourth Quarter 2025 Consolidated Results

In the fourth quarter, MTI’s worldwide net sales were $520 million.

Reported operating income was $62 million, or $67 million excluding special items. Reported operating margin was 11.9 percent of sales, or 12.8 percent excluding special items.

Cash flow from operations was $64 million in the fourth quarter and free cash flow was $32 million.

Fourth Quarter 2025 Segment Results

Consumer & Specialties segment sales were $274 million. Sales in the Household & Personal Care product line were $133 million, up 2 percent sequentially, driven by higher sales of cat litter. Sales in the product line were 1 percent lower than prior year, as lower fabric care orders in the quarter offset modest growth in cat litter and continued strong growth in edible oil and renewable fuel purification as well as animal feed additives. Sales in the Specialty Additives product line were $142 million, 2 percent lower than prior year, as higher sales to paper and packaging customers were more than offset by a slowdown in residential construction.

Segment reported operating income was $25 million, or $29 million excluding special items.

MTI’s Consumer & Specialties segment provides technologically enhanced products to consumer-driven end markets, including mineral-to-market household products as well as specialty additives that become functional components in a variety of consumer and industrial goods. The segment includes two product lines, Household & Personal Care and Specialty Additives.

Engineered Solutions segment sales were $245 million. Sales in the High-Temperature Technologies product line were $178 million, up 1 percent over the prior year. Higher sales to steel customers offset lower foundry sales in North America, while foundry sales in Asia continued to grow. In the Environmental & Infrastructure product line, sales were $67 million, up 7 percent over the prior year and driven by strength in environmental lining systems, infrastructure drilling, and offshore water treatment.

Segment reported operating income was $45 million, or $40 million excluding special items.

MTI’s Engineered Solutions segment provides advanced process technologies and solutions that are designed to improve customers’ manufacturing processes and projects. The segment includes two product lines, High-Temperature Technologies and Environmental & Infrastructure.

Full Year 2025

Full year worldwide net sales were $2.07 billion.

Reported operating income was $47 million, or 2.3 percent of sales. Operating income excluding special items was $287 million, or 13.9 percent of sales.

Full year reported loss per share was $0.59. Earnings per share was $5.52 excluding special items. The reported loss was primarily due to a provision to establish a reserve of $215 million in the first quarter for estimated costs to fund a trust to resolve all current and future talc-related claims associated with the BMI OldCo bankruptcy, as well as fund the Chapter 11 cases and related litigation costs.

Cash flow from operations was $194 million. Free cash flow was $87 million. MTI returned $73 million to shareholders through dividends and share repurchases.

Consumer & Specialties segment sales were $1.10 billion. Sales in the Household & Personal Care product line were $513 million, down 3 percent from prior year, primarily driven by lower sales of cat litter in the first half of the year. Sales of cat litter improved 7 percent from the first half of the year to the second half driven by higher volume in all regions. Sales in the Specialty Additives product line decreased 4 percent to $585 million, primarily driven by lower volumes to paper and packaging customers in North America and Europe as well as a slowdown in residential construction demand in the second half of the year. Sales to paper and packaging customers improved 3 percent in the second half versus the first half, as several new satellites in Asia continued to ramp up.

Segment reported operating income was $124 million, or $134 million excluding special items. Operating margin excluding special items was 12.2 percent.

Engineered Solutions segment sales were $975 million. Sales in the High-Temperature Technologies product line were $705 million, down 1 percent from prior year. Strong growth in the Asia foundry business was offset by softer demand from foundries serving the heavy truck and agricultural equipment markets in North America. Demand from steel customers was steady in North America and softer in Europe. In the Environmental & Infrastructure product line, sales increased 2 percent compared to prior year to $270 million, primarily driven by higher demand for environmental lining systems, infrastructure drilling products, and offshore water treatment.

Segment reported operating income was $170 million. Operating income excluding special items was $163 million, a record for the segment. Operating margin excluding special items was also a record for the segment at 16.7 percent.

MTI will host a conference call tomorrow, January 30, 2026, at 11 a.m. Eastern Time. The live earnings webcast can be accessed at https://investors.mineralstech.com/quarterly-results-conference-calls. A presentation for the call will be available at the same location at approximately 10:30 a.m. Eastern Time on January 30, 2026.

FORWARD-LOOKING STATEMENTS

This press release may contain "forward‐looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations and forecasts of future events such as new products, revenues, and financial performance, and are not limited to describing historical or current facts. They can be identified by the use of words such as “believes,” “expects,” “plans,” “intends,” “anticipates,” and other words and phrases of similar meaning. Forward-looking statements are necessarily based on assumptions, estimates, and limited information available at the time they are made. A broad variety of risks and uncertainties, both known and unknown, as well as the inaccuracy of assumptions and estimates, can affect the realization of the expectations or forecasts in these statements. Actual future results may vary materially. Significant factors that could affect the expectations and forecasts include worldwide general economic, business, and industry conditions; the cyclicality of our customers’ businesses and their changing regional demands; our ability to compete in very competitive industries; consolidation in customer industries, principally paper, foundry, and steel; our ability to renew or extend long term sales contracts for our satellite operations; our ability to generate cash to service our debt; our ability to comply with the covenants in the agreements governing our debt; our ability to effectively achieve and implement our growth initiatives or consummate the transactions described in the statements; our ability to successfully develop new products; our ability to defend our intellectual property; the increased risks of doing business abroad; the availability of raw materials and access to ore reserves at our mining operations, or increases in costs of raw materials, energy, or shipping; compliance with or changes to regulation in the areas of environmental, health and safety, and tax; risks and uncertainties related to the voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code filed by our subsidiaries BMI OldCo Inc. (f/k/a Barretts Minerals Inc.) and Barretts Ventures Texas LLC; claims for legal, environmental, and tax matters or product stewardship issues; operating risks and capacity limitations affecting our production facilities; seasonality of some of our businesses; cybersecurity and other threats relating to our information technology systems; and other risk factors and cautionary statements in our 2024 Annual Report on Form 10‐K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward‐looking statement, whether as a result of new information, future events, or otherwise.

About Minerals Technologies Inc.

Minerals Technologies Inc. is a global, technology-driven specialty minerals company that develops, produces, and markets a wide range of minerals and mineral-based products and services. We utilize global mineral reserves with our core technologies and applications to deliver innovative solutions for products that are part of everyday life. We serve customers in consumer and industrial markets worldwide, have 4,000 employees in 34 countries, and reported global sales of $2.1 billion in 2025. For further information, visit www.mineralstech.com.

Investor Relations Contact

Lydia Kopylova

lydia.kopylova@mineralstech.com

Media Contact

Stephanie Heise

stephanie.heise@mineralstech.com


MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(in millions of dollars, except per share data)
(unaudited)

		Quarter Ended								% Growth				Twelve Months Ended						% Growth
		Dec. 31,			Sep. 28,			Dec. 31,		Prior		Prior			Dec. 31,			Dec. 31,		Prior
		2025			2025			2024		Qtr.		Year			2025			2024		Year


Net sales	$	519.5		$	532.4		$	518.1		(2	)%	0	%	$	2,072.6		$	2,118.5		(2	)%

Cost of goods sold		395.0			395.4			385.4		(0	)%	2	%		1,554.6			1,570.8		(1	)%

Production margin		124.5			137.0			132.7		(9	)%	(6	)%		518.0			547.7		(5	)%

Marketing and administrative expenses		52.2			53.0			52.8		(2	)%	(1	)%		208.0			209.2		(1	)%
Research and development expenses		5.8			5.6			5.7		4	%	2	%		22.9			23.0		(0	)%
Provision for litigation reserve and credit losses		0.0			0.0			0.0		*		*			215.0			30.0		*
Restructuring and other items		3.7			0.0			0.0		*		*			15.0			0.0		*
Gain on sale of assets, net		(4.3	)		0.0			(12.3	)	*		(65	)%		(9.9	)		(12.3	)	(20	)%
Litigation expenses		5.1			7.5			2.4		(32	)%	113	%		19.6			11.3		73	%

Income from operations		62.0			70.9			84.1		(13	)%	(26	)%		47.4			286.5		(83	)%

Interest expense, net		(12.9	)		(13.8	)		(12.6	)	(7	)%	2	%		(54.5	)		(56.4	)	(3	)%
Debt extinguishment expenses		0.0			0.0			(1.8	)	*		*			0.0			(1.8	)	*
Other non-operating deductions, net		(2.5	)		(0.5	)		(0.3	)	*		*			(6.9	)		(4.7	)	47	%
Total non-operating deductions, net		(15.4	)		(14.3	)		(14.7	)	8	%	5	%		(61.4	)		(62.9	)	(2	)%

Income (loss) before tax and equity in earnings		46.6			56.6			69.4		(18	)%	(33	)%		(14.0	)		223.6		*

Provision for taxes on income		9.6			13.5			16.2		(29	)%	(41	)%		4.9			59.4		(92	)%
Equity in earnings of affiliates, net of tax		1.4			1.1			1.5		27	%	(7	)%		4.9			6.7		(27	)%

Net income (loss)		38.4			44.2			54.7		(13	)%	(30	)%		(14.0	)		170.9		*

Less:Net income attributable to non-controlling interests		1.3			1.2			0.7		8	%	86	%		4.4			3.8		16	%

Net income (loss) attributable to Minerals Technologies Inc. (MTI)	$	37.1		$	43.0		$	54.0		(14	)%	(31	)%	$	(18.4	)	$	167.1		*

Weighted average number of common shares outstanding:

Basic		31.1			31.3			31.9							31.4			32.1

Diluted		31.1			31.3			32.2							31.4			32.3

Earnings (loss) per share attributable to MTI:

Basic	$	1.19		$	1.37		$	1.69		(13	)%	(30	)%	$	(0.59	)	$	5.21		*

Diluted	$	1.19		$	1.37		$	1.68		(13	)%	(29	)%	$	(0.59	)	$	5.17		*

Cash dividends declared per common share	$	0.12		$	0.11		$	0.11						$	0.45		$	0.41

* Percentage not meaningful



		MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
		NOTES TO CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)


1	)	For comparative purposes, the quarterly periods ended December 31, 2025, September 28, 2025 and December 31, 2024 consisted of 94 days, 91 days, and 93 days, respectively. The twelve month periods ended December 31, 2025 and December 31, 2024 consisted of 365 days and 366 days, respectively.

2	)	To supplement the Company's consolidated financial statements presented in accordance with GAAP, the following is a presentation of the Company's non-GAAP earnings per share, excluding special items, for the quarterly periods ended December 31, 2025, September 28, 2025 and December 31, 2024, and the twelve month periods ended December 31, 2025 and December 31, 2024 and a reconciliation to reported earnings per share for such periods. The Company's management believes these non-GAAP measures provide meaningful supplemental information regarding its performance as inclusion of such special items are not indicative of the ongoing operating results and thereby affect the comparability of results between periods. The Company believes inclusion of these non-GAAP measures also provides consistency in its financial reporting and facilitates investors' understanding of historic operating trends.

		(in millions of dollars, except per share data)		Quarter Ended										Twelve Months Ended
				Dec. 31,			Sep. 28,			Dec. 31,				Dec. 31,			Dec. 31,
				2025			2025			2024				2025			2024
		Net income (loss) attributable to MTI	$	37.1		$	43.0		$	54.0			$	(18.4	)	$	167.1
		% of sales		7.1	%		8.1	%		10.4	%			*			7.9	%

		Special items:
		Provision for litigation reserve and credit losses		0.0			0.0			0.0				215.0			30.0
		Restructuring and other items		3.7			0.0			0.0				15.0			0.0
		Debt extinguishment expenses		0.0			0.0			1.8				0.0			1.8
		Gain on sale of assets, net		(4.3	)		0.0			(12.3	)			(9.9	)		(12.3	)
		Litigation expenses		5.1			7.5			2.4				19.6			11.3
		Related tax effects on special items		(2.2	)		(1.9	)		2.3				(47.9	)		0.9

		Net income attributable to MTI, excluding special items	$	39.4		$	48.6		$	48.2			$	173.4		$	198.8
		% of sales		7.6	%		9.1	%		9.3	%			8.4	%		9.4	%

		Diluted earnings per share, excluding special items	$	1.27		$	1.55		$	1.50			$	5.52		$	6.15

		* Percentage not meaningful

		In the first quarter of 2025, the Company recorded a $215 million provision to establish a reserve for estimated costs to fund a trust to resolve all current and future talc-related settlements as well as fund the bankruptcy of BMI Oldco Inc.’s (f/k/a Barretts Minerals Inc.) (“Oldco”) and Barretts Ventures Texas LLC, and related litigation costs. Included in this provision is $30 million of additional debtor-in-possession financing by Minerals Technologies Investments LLC to the Debtors, which was committed in Q2 2025. In the second quarter of 2024, the Company recorded a $30 million provision for credit losses relating to the Company's committed line of credit to facilitate Oldco’s bankruptcy proceeding. These losses are not currently tax deductible as they are treated as an equity contribution for tax purposes. The current expected credit loss may become fully deductible in a future period. The timing of such deductibility is dependent on developments in the bankruptcy proceedings.

		In 2025, the Company recorded restructuring and other items of $15.0 million, of which $3.7 million was recorded in the fourth quarter. These charges primarily relate to the write-down of assets and other charges relating to consolidated and shut-down facilities. Also included is a $5.5 million charge relating to severance and other costs related to a cost savings program initiated in the first quarter.

		In 2025, the Company recorded a $9.9 million net gain on the sale of assets. $4.3 million was recorded in the fourth quarter and related to the sale of our chromite mine in South Africa. $5.6 million was recorded in the second quarter and represented the final installment for the sale of refractories manufacturing assets in China.

		In the fourth quarter of 2024, the Company recorded a $12.3 million net gain on an installment sale of refractories manufacturing assets in China.

3	)	Free cash flow is defined as cash flow from operations less capital expenditures. The following is a presentation of the Company's non-GAAP free cash flow for the quarterly periods ended December 31, 2025, September 28, 2025 and December 31, 2024, and the twelve month periods ended December 31, 2025 and December 31, 2024 and a reconciliation to cash flow from operations for such periods. The Company's management believes this non-GAAP measure provides meaningful supplemental information as management uses this measure to evaluate the Company's ability to maintain capital assets, satisfy current and future obligations, repurchase stock, pay dividends and fund future business opportunities. Free cash flow is not a measure of cash available for discretionary expenditures since the Company has certain non-discretionary obligations such as debt service that are not deducted from the measure. The Company's definition of free cash flow may not be comparable to similarly titled measures reported by other companies.

				Quarter Ended										Twelve Months Ended
		(in millions of dollars)		Dec. 31,			Sep. 28,			Dec. 31,				Dec. 31,			Dec. 31,
				2025			2025			2024				2025			2024
		Cash flow from operations	$	64.3		$	70.9		$	70.4		$		193.7		$	236.4
		Capital expenditures		32.4			27.3			28.1				107.1			89.5
		Free cash flow	$	31.9		$	43.6		$	42.3		$		86.6		$	146.9

		Depreciation, depletion and amortization expense	$	23.3		$	22.4		$	24.3		$		91.2		$	94.9


4	)	“Adjusted EBITDA” is a non-GAAP financial measure and refers to earnings before interest, taxes, depreciation and amortization (EBITDA), excluding special items. The following is a presentation of the Company's non-GAAP EBITDA and Adjusted EBITDA for the quarterly periods ended December 31, 2025, September 28, 2025 and December 31, 2024, and the twelve month periods ended December 31, 2025 and December 31, 2024, and a reconciliation to net income for such periods. The Company's management believes these non-GAAP measures provide meaningful supplemental information regarding its performance and facilitates investors' understanding of historic operating trends.

				Quarter Ended									Twelve Months Ended
		(in millions of dollars)		Dec. 31,			Sep. 28,			Dec. 31,				Dec. 31,			Dec. 31,
				2025			2025			2024				2025			2024

		Net income (loss) attributable to MTI	$	37.1		$	43.0		$	54.0			$	(18.4	)	$	167.1
		Add back:
		Depreciation, depletion and amortization expense		23.3			22.4			24.3				91.2			94.9
		Interest expense, net		12.9			13.8			12.6				54.5			56.4
		Equity in earnings of affiliates, net of tax		(1.4	)		(1.1	)		(1.5	)			(4.9	)		(6.7	)
		Net income attributable to non-controlling interests		1.3			1.2			0.7				4.4			3.8
		Provision for taxes on income		9.6			13.5			16.2				4.9			59.4
		EBITDA		82.8			92.8			106.3				131.7			374.9
		Add special items:
		Provision for litigation reserve and credit losses		0.0			0.0			0.0				215.0			30.0
		Restructuring and other items		3.7			0.0			0.0				15.0			0.0
		Debt extinguishment expenses		0.0			0.0			1.8				0.0			1.8
		Gain on sale of assets, net		(4.3	)		0.0			(12.3	)			(9.9	)		(12.3	)
		Litigation expenses		5.1			7.5			2.4				19.6			11.3
		Adjusted EBITDA	$	87.3		$	100.3		$	98.2			$	371.4		$	405.7
		% of sales		16.8	%		18.8	%		19.0	%			17.9	%		19.2	%

5	)	The following table reflects the components of non-operating income and deductions:

		(in millions of dollars)		Quarter Ended									Twelve Months Ended
				Dec. 31,			Sep. 28,			Dec. 31,				Dec. 31,			Dec. 31,
				2025			2025			2024				2025			2024
		Interest income	$	1.7		$	1.2		$	1.8			$	5.3		$	5.7
		Interest expense		(14.6	)		(15.0	)		(14.4	)			(59.8	)		(62.1	)
		Foreign exchange gains (losses)		(2.0	)		0.1			1.4				(3.8	)		0.7
		Debt extinguishment expenses		0.0			0.0			(1.8	)			0.0			(1.8	)
		Other deductions		(0.5	)		(0.6	)		(1.7	)			(3.1	)		(5.4	)
		Non-operating deductions, net	$	(15.4	)	$	(14.3	)	$	(14.7	)		$	(61.4	)	$	(62.9	)

6	)	The analyst conference call to discuss operating results for the fourth quarter is scheduled for Friday, January 30, 2026 at 11:00 am ET and will be broadcast over the Company's website (www.mineralstech.com). The broadcast will remain on the Company's website for no less than one year.


MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
SUPPLEMENTARY DATA
(in millions of dollars)
(unaudited)

		Quarter Ended											% Growth					Twelve Months Ended							% Growth
SALES DATA	Dec. 31,		% of		Sep. 28,		% of		Dec. 31,		% of						Dec. 31,		% of		Dec. 31,		% of
	2025		Total Sales		2025		Total Sales			2024	Total Sales		Prior Qtr.		Prior Year			2025	Total Sales			2024	Total Sales		Prior Year

United States	$	257.4	50	%	$	273.3	51	%	$	264.7	51	%	(6	)%	(3	)%	$	1,075.0	52	%	$	1,089.4	51	%	(1	)%
International		262.1	50	%		259.1	49	%		253.4	49	%	1	%	3	%		997.6	48	%		1,029.1	49	%	(3	)%
Net Sales	$	519.5	100	%	$	532.4	100	%	$	518.1	100	%	(2	)%	0	%	$	2,072.6	100	%	$	2,118.5	100	%	(2	)%

Household & Personal Care	$	132.5	26	%	$	129.8	24	%	$	133.9	26	%	2	%	(1	)%	$	512.8	25	%	$	530.0	25	%	(3	)%
Specialty Additives		141.8	27	%		147.6	28	%		144.8	28	%	(4	)%	(2	)%		584.9	28	%		610.2	29	%	(4	)%
Consumer & Specialties Segment	$	274.3	53	%	$	277.4	52	%	$	278.7	54	%	(1	)%	(2	)%	$	1,097.7	53	%	$	1,140.2	54	%	(4	)%

High-Temperature Technologies	$	178.0	34	%	$	178.9	34	%	$	176.4	34	%	(1	)%	1	%	$	704.7	34	%	$	713.2	33	%	(1	)%
Environmental & Infrastructure		67.2	13	%		76.1	14	%		63.0	12	%	(12	)%	7	%		270.2	13	%		265.1	13	%	2	%
Engineered Solutions Segment	$	245.2	47	%	$	255.0	48	%	$	239.4	46	%	(4	)%	2	%	$	974.9	47	%	$	978.3	46	%	(0	)%

MTI Consolidated Net Sales	$	519.5	100	%	$	532.4	100	%	$	518.1	100	%	(2	)%	0	%	$	2,072.6	100	%	$	2,118.5	100	%	(2	)%

MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
SUPPLEMENTARY DATA
(in millions of dollars)
(unaudited)

		Quarter Ended								% Growth					Twelve Months Ended					% Growth
		Dec. 31,			Sep. 28,			Dec. 31,		Prior		Prior			Dec. 31,			Dec. 31,		Prior
SEGMENT OPERATING INCOME DATA		2025			2025			2024		Qtr.		Year			2025			2024		Year

Consumer & Specialties Segment	$	25.3		$	37.4		$	37.9		(32	)%	(33	)%	$	124.2		$	165.5		(25	)%
% of Sales		9.2	%		13.5	%		13.6	%						11.3	%		14.5	%
Engineered Solutions Segment	$	44.5		$	44.8		$	52.0		(1	)%	(14	)%	$	169.7		$	174.0		(2	)%
% of Sales		18.1	%		17.6	%		21.7	%						17.4	%		17.8	%
Unallocated and Other Corporate Expenses	$	(7.8	)	$	(11.3	)	$	(5.8	)	(31	)%	34	%	$	(246.5	)	$	(53.0	)	*

MTI Consolidated	$	62.0		$	70.9		$	84.1		(13	)%	(26	)%	$	47.4		$	286.5		(83	)%
% of Sales		11.9	%		13.3	%		16.2	%						2.3	%		13.5	%

SPECIAL ITEMS

Consumer & Specialties Segment	$	3.7		$	0.0		$	0.0		*		*		$	9.5		$	0.0		*

Engineered Solutions Segment	$	(4.3	)	$	0.0		$	(12.3	)	*		*		$	(6.6	)	$	(12.3	)	*

Unallocated and Other Corporate Expenses	$	5.1		$	7.5		$	2.4		*		*		$	236.8		$	41.3		*

MTI Consolidated	$	4.5		$	7.5		$	(9.9	)	*		*		$	239.7		$	29.0		*

To supplement the Company's consolidated financial statements presented in accordance with GAAP, the following is a presentation of the Company's non-GAAP operating income. This excludes special items (set forth in the above table), for the quarterly periods ended December 31, 2025, September 28, 2025 and December 31, 2024, and the twelve month periods ended December 31, 2025 and December 31, 2024, constituting a reconciliation to GAAP operating income set forth above. The Company's management believe these non-GAAP measures provide meaningful supplemental information regarding its performance as inclusion of such special items are not indicative of ongoing operating results and thereby affect the comparability of results between periods. The Company believes inclusion of these non-GAAP measures also provides consistency in its financial reporting and facilitates investors' understanding of historic operating trends.

		Quarter Ended								% Growth					Twelve Months Ended					% Growth
SEGMENT OPERATING INCOME,		Dec. 31,			Sep. 28,			Dec. 31,							Dec. 31,			Dec. 31,		Prior
EXCLUDING SPECIAL ITEMS		2025			2025			2024		Prior Qtr.		Prior Year			2025			2024		Year

Consumer & Specialties Segment	$	29.0		$	37.4		$	37.9		(22	)%	(23	)%	$	133.7		$	165.5		(19	)%
% of Sales		10.6	%		13.5	%		13.6	%						12.2	%		14.5	%
Engineered Solutions Segment	$	40.2		$	44.8		$	39.7		(10	)%	1	%	$	163.1		$	161.7		1	%
% of Sales		16.4	%		17.6	%		16.6	%						16.7	%		16.5	%
Unallocated Corporate Expenses	$	(2.7	)	$	(3.8	)	$	(3.4	)	(29	)%	(21	)%	$	(9.7	)	$	(11.7	)	(17	)%

MTI Consolidated	$	66.5		$	78.4		$	74.2		(15	)%	(10	)%	$	287.1		$	315.5		(9	)%
% of Sales		12.8	%		14.7	%		14.3	%						13.9	%		14.9	%
* Percentage not meaningful

MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(in millions of dollars)
ASSETS
		December 31,		December 31,
		2025*		2024**
Current assets:
Cash & cash equivalents	$	329.0	$	333.1
Short-term investments		3.6		4.0
Accounts receivable, net		400.1		385.2
Inventories		350.2		342.1
Prepaid expenses and other current assets		72.7		66.6
Total current assets		1,155.6		1,131.0
Property, plant and equipment		2,308.9		2,236.6
Less accumulated depreciation		1,283.9		1,246.9
Net property, plant & equipment		1,025.0		989.7
Goodwill		915.9		913.8
Intangible assets		208.7		218.1
Other assets and deferred charges		163.8		141.3
Total assets	$	3,469.0	$	3,393.9
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term debt	$	0.4	$	5.1
Current maturities of long-term debt		6.3		6.5
Accounts payable		187.9		185.5
Other current liabilities		360.8		200.6
Total current liabilities		555.4		397.7
Long-term debt		955.0		959.6
Deferred income taxes		90.7		130.5
Other non-current liabilities		118.2		122.9
Total liabilities		1,719.3		1,610.7
Total MTI shareholders' equity		1,713.4		1,747.0
Non-controlling interests		36.3		36.2
Total shareholders' equity		1,749.7		1,783.2
Total liabilities and shareholders' equity	$	3,469.0	$	3,393.9
* Unaudited
** Condensed from audited financial statements.

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Apple, Visa, KLA-Tencor and more set to report earnings Thursday

Investing.com

Earnings season continues, below we highlight companies expected to report earnings the next trading day so you can prepare for the action. Leading the charge on Thursday are tech giant Apple (NASDAQ:AAPL), payment processor Visa (NYSE:V), semiconductor equipment maker KLA-Tencor (NASDAQ:KLAC), Western Digital (NASDAQ:WDC), and medical technology company Stryker (NYSE:SYK), all of which will be reporting after market close.

Earnings Before the Open

• Tal Education Group (NYSE:TAL) - EPS: $0.0666, Revenue: $775.68M

• Eagle Materials Inc (NYSE:EXP) - EPS: $3.49, Revenue: $557.85M

• Parkerhannifin (NYSE:PH) - EPS: $7.16, Revenue: $5.07B

• 1-800 FLOWERS.COM (NASDAQ:FLWS) - EPS: $0.86, Revenue: $700.58M

• Allegro Microsystems Inc (NASDAQ:ALGM) - EPS: $0.14, Revenue: $220.79M

• Valero Energy (NYSE:VLO) - EPS: $3.11, Revenue: $29.03B

• A.O Smith Corp (NYSE:AOS) - EPS: $0.8407, Revenue: $928.11M

• Dow Chemical (NYSE:DOW) - EPS: -$0.4641, Revenue: $9.46B

• Comcast Corp New (NASDAQ:CMCSA) - EPS: $0.7273, Revenue: $32.35B

• Mastercard Cl A (NYSE:MA) - EPS: $4.25, Revenue: $8.78B

• Sherwinwilliams (NYSE:SHW) - EPS: $2.16, Revenue: $5.57B

• Ameriprise Fincl (NYSE:AMP) - EPS: $10.3, Revenue: $4.77B

• Norfolk Southern (NYSE:NSC) - EPS: $2.77, Revenue: $3B

• Marsh & Mclennan (NYSE:MRSH) - EPS: $1.98, Revenue: $6.56B

• Nokia Corp-Exch (NYSE:NOK) - EPS: $0.1721, Revenue: $7.1B

• Sap ag ads-Exch (NYSE:SAP) - EPS: $1.76, Revenue: $11.35B

• Nasdaq Omx Group (NASDAQ:NDAQ) - EPS: $0.9182, Revenue: $1.37B

• Intl Paper Co (NYSE:IP) - EPS: $0.2652, Revenue: $5.92B

• Altria Group (NYSE:MO) - EPS: $1.32, Revenue: $5.02B

• Thermo Fisher Sc (NYSE:TMO) - EPS: $6.45, Revenue: $11.95B

• Pulte Homes Inc (NYSE:PHM) - EPS: $2.81, Revenue: $4.33B

• The Blackstone Group (NYSE:BX) - EPS: $1.53, Revenue: $3.68B

• Manpower Inc (NYSE:MAN) - EPS: $0.8194, Revenue: $4.63B

• Lazard Ltd (NYSE:LAZ) - EPS: $0.6859, Revenue: $845.34M

• Royal Caribbean (NYSE:RCL) - EPS: $2.8, Revenue: $4.26B

• CSW Industrials Inc (NASDAQ:CSW) - EPS: $1.93, Revenue: $249.14M

• Caterpillar (NYSE:CAT) - EPS: $4.7, Revenue: $17.85B

• Dover Corp (NYSE:DOV) - EPS: $2.49, Revenue: $2.09B

• Honeywell Intl (NASDAQ:HON) - EPS: $2.54, Revenue: $10.02B

• Takeda Pharmaceutical Co Ltd (NYSE:TAK) - EPS: $0.1714, Revenue: $7.58B

• Trane Technologies plc (NYSE:TT) - EPS: $2.82, Revenue: $5.09B

• Lockheed Martin (NYSE:LMT) - EPS: $6.2, Revenue: $19.85B

• Tractor Supply Company (NASDAQ:TSCO) - EPS: $0.4714, Revenue: $4.02B

• Consol Energy (NYSE:CNX) - EPS: $0.3479, Revenue: $432.28M

• Silicom Ltd (NASDAQ:SILC) - EPS: -$0.3691, Revenue: $15.65M

• Kirby Corp (NYSE:KEX) - EPS: $1.63, Revenue: $861.68M

• Carpenter Technology Corp (NYSE:CRS) - EPS: $2.2, Revenue: $712.72M

• Cullen/Frost Bankers Inc (NYSE:CFR) - EPS: $2.45, Revenue: $578.07M

• First Foundation Inc (NASDAQ:FFWM) - EPS: $0.02, Revenue: $59.95M

• Xerox Corp (NASDAQ:XRX) - EPS: $0.2908, Revenue: $2.05B

• MarineMax Inc (NYSE:HZO) - EPS: -$0.1386, Revenue: $481.6M

• Valley National Bancorp (NASDAQ:VLY) - EPS: $0.2881, Revenue: $525.34M

• Coda Octopus Group (NASDAQ:CODA) - EPS: $0.11, Revenue: $7.07M

• Harris Corporation (NYSE:LHX) - EPS: $2.77, Revenue: $5.77B

• First Citizens Banc Corp (NASDAQ:CIVB) - EPS: $0.62, Revenue: $45.27M

• Southside Bancshares (NASDAQ:SBSI) - EPS: $0.7875, Revenue: $71.74M

• ConnectOne Bancorp Inc (NASDAQ:CNOB) - EPS: $0.722, Revenue: $115.2M

• Bankwell Fi (NASDAQ:BWFG) - EPS: $1.19, Revenue: $28.06M

• Brunswick Corp (NYSE:BC) - EPS: $0.5666, Revenue: $1.21B

• STMicroelectronics NV (NYSE:STM) - EPS: $0.2794, Revenue: $3.29B

• West BanCorp (NASDAQ:WTBA) - EPS: $0.57, Revenue: $26.7M

• Virtu Financial Inc (NASDAQ:VIRT) - EPS: $1.19, Revenue: $504.65M

• Onewater Marine (NASDAQ:ONEW) - EPS: -$0.5489, Revenue: $380.32M

• Rogers communicat (NYSE:RCI) - EPS: $1.01, Revenue: $4.33B

• Sanofi (NASDAQ:SNY) - EPS: $0.8424, Revenue: $13.58B

• Roche Holding Ltd (OTCMKTS:RHHBY) - Revenue: $19.47B

• Group 1 Automotive Inc (NYSE:GPI) - EPS: $9.38, Revenue: $5.67B

• Axfood ADR (OTCMKTS:AXFOY) - EPS: $0.2835, Revenue: $2.48B

• Swedbank AB (OTCMKTS:SWDBY) - EPS: $0.6746, Revenue: $1.81B

• Abb Ltd Zuerich (OTCMKTS:ABLZF) - EPS: $0.6721, Revenue: $8.94B

• ABB Ltd ADR (OTCMKTS:ABBNY) - EPS: $0.6721, Revenue: $8.94B

• Oshkosh corporati (NYSE:OSK) - EPS: $2.31, Revenue: $2.6B

• Canon (OTCMKTS:CAJPY) - EPS: $0.5666, Revenue: $8.27B

• ING Group NV (NYSE:ING) - EPS: $0.5229, Revenue: $6.59B

• TeliaSonera AB (OTCMKTS:TLSNY) - EPS: $0.0839, Revenue: $2.29B

• Roche Hldg Ag Div Rt (OTCMKTS:RHHVF) - Revenue: $19.47B

• Lloyds Banking Group Plc (NYSE:LYG) - EPS: $0.1052, Revenue: $6.53B

• Fujitsu Ltd (OTCMKTS:FJTSY) - EPS: $0.2762, Revenue: $5.52B

• Greencore ADR (OTCMKTS:GNCGY)

Earnings After the Close

• Comp Science (NYSE:DXC) - EPS: $0.8278, Revenue: $3.18B

• Kla-tencor Corp (NASDAQ:KLAC) - EPS: $8.79, Revenue: $3.24B

• Western Digital (NASDAQ:WDC) - EPS: $1.91, Revenue: $2.92B

• ResMed Inc (NYSE:RMD) - EPS: $2.73, Revenue: $1.4B

• Apple Computer Inc (NASDAQ:AAPL) - EPS: $2.67, Revenue: $137.47B

• Hologic Inc (NASDAQ:HOLX) - EPS: $1.09, Revenue: $1.07B

• Visa Inc (NYSE:V) - EPS: $3.14, Revenue: $10.68B

• BofI Holding (NYSE:AX) - EPS: $2.07, Revenue: $347.25M

• Eastman Chem (NYSE:EMN) - EPS: $0.7508, Revenue: $2.03B

• Olin Corp (NYSE:OLN) - EPS: -$0.6054, Revenue: $1.55B

• Arthur J. Gallagher & Co (NYSE:AJG) - EPS: $2.35, Revenue: $3.6B

• Stryker (NYSE:SYK) - EPS: $4.39, Revenue: $7.12B

• Robert Half Intl (NYSE:RHI) - EPS: $0.2973, Revenue: $1.29B

• Credit Acceptance (NASDAQ:CACC) - EPS: $10.01, Revenue: $584.02M

• LPL Investment Ho (NASDAQ:LPLA) - EPS: $4.94, Revenue: $4.91B

• Hartford Finl (NYSE:HIG) - EPS: $3.2, Revenue: $7.29B

• MaxLinear Inc (NASDAQ:MXL) - EPS: $0.1791, Revenue: $134.82M

• Newtek Business S (NASDAQ:NEWT) - EPS: $0.678, Revenue: $80.01M

• Schneider National Inc (NYSE:SNDR) - EPS: $0.1999, Revenue: $1.45B

• Cavco Industries (NASDAQ:CVCO) - EPS: $6.26, Revenue: $593.35M

• Beazer Homes USA Inc (NYSE:BZH) - EPS: $0.008, Revenue: $472.67M

• Pennymac Fnl Ser (NYSE:PFSI) - EPS: $3.12, Revenue: $637.49M

• Selective Insurance (NASDAQ:SIGI) - EPS: $1.95, Revenue: $1.14B

• Seacoast Banking (NASDAQ:SBCF) - EPS: $0.486, Revenue: $201.25M

• Ameris Bancorp (NASDAQ:ABCB) - EPS: $1.58, Revenue: $310.41M

• First Business (NASDAQ:FBIZ) - EPS: $1.39, Revenue: $42.8M

• Financial Institutions (NASDAQ:FISI) - EPS: $0.94, Revenue: $62.99M

• The Bancorp (NASDAQ:TBBK) - EPS: $1.46, Revenue: $164.1M

• First Internet Bancorp (NASDAQ:INBK) - EPS: $0.506, Revenue: $43.5M

• Avidbank (NASDAQ:AVBH) - EPS: $0.755, Revenue: $25.97M

• Minerals Technologies Inc (NYSE:MTX) - EPS: $1.28, Revenue: $517.81M

• Fed Investors (NYSE:FHI) - EPS: $1.21, Revenue: $469.45M

• Finwise Bancorp (NASDAQ:FINW) - EPS: $0.3467, Revenue: $42.32M

• Covenant Transpor (NASDAQ:CVLG) - EPS: $0.3467, Revenue: $287.83M

• Southern National Bancorp (NASDAQ:FRST) - EPS: $0.335, Revenue: $41.68M

• PennyMac Mortgage Investment Trust (NYSE:PMT) - EPS: $0.3974, Revenue: $98.46M

• Dolby Laboratories (NYSE:DLB) - EPS: $0.8767, Revenue: $332.07M

• Invesco Mortgage (NYSE:IVR) - EPS: $0.5935, Revenue: $36.43M

• Standex International Corp (NYSE:SXI) - EPS: $2, Revenue: $219.22M

• SkyWest (NASDAQ:SKYW) - EPS: $2.16, Revenue: $991.52M

• Weyerhaeuser (NYSE:WY) - EPS: -$0.1318, Revenue: $1.57B

• Appfolio Inc (NASDAQ:APPF) - EPS: $1.25, Revenue: $246.56M

• Orchid Isla (NYSE:ORC) - EPS: $0.2333, Revenue: $29.71M

• Rurban Financial (NASDAQ:SBFG) - EPS: $0.64

• Covenant Logistics NYQ (NASDAQ:CVLG) - EPS: $0.3467, Revenue: $287.83M

• Resmed ADR (OTCMKTS:RSMDF) - EPS: $0.273, Revenue: $1.4B

• High Tide PK (OTCMKTS:HITI) - EPS: $0.0055, Revenue: $115.55M

• Five Point Holdings LLC (NYSE:FPH)

• GSI Technology (NASDAQ:GSIT)

• John B. Sanfilipp (NASDAQ:JBSS) - EPS: $1.36, Revenue: $313.43M

• Sandisk Corp (NASDAQ:SNDK) - EPS: $3.41, Revenue: $2.62B

Be sure to check back daily for updates and insights into the earnings season and real-time results at https://www.investing.com/earnings-calendar/ and https://www.investing.com/news/headlines. Do you want to trade the earnings of the biggest companies like a pro? Then get InvestingPro now and access over 1000 metrics that will give you a significant advantage in the shark tank that is Wall Street. Click here.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Top European Aerospace & Defense Stocks to Watch for 2026: JPMorgan

Investing.com

Meta Platforms

+0.18%

Advanced Micro Devices

Minerals Technologies

+0.11%

Investing.com -- JPMorgan has identified several European aerospace and defense companies poised for potential growth in 2026, placing MTU Aero Engines, Babcock, and Leonardo on Positive Catalyst Watch.

Stay ahead of key European aerospace and defense catalysts, analyst calls, and stock-moving developments by upgrading to InvestingPro - get 55% off today

These companies are expected to benefit from specific catalysts that could drive share performance in the coming year.

The investment bank’s analysis highlights four overweight-rated stocks in the sector that investors should watch closely:

MTU Aero Engines (ETR:MTX)

Despite investor concerns about potential earnings growth challenges in 2026 due to headwinds including foreign exchange impacts, JPMorgan’s analysis suggests MTU will likely guide to rising earnings for the year.

Additionally, any positive developments regarding the GTF Advantage engine entering into service could support share prices, with this catalyst more likely to materialize in Q2 2026.

In recent news, MTU Aero Engines has drawn new analyst attention, with RBC Capital initiating coverage with a Sector Perform rating and Goldman Sachs starting with a Neutral rating.

Babcock International (LON:BAB)

The British defense contractor is expected to sign a new long-term contract for UK submarine maintenance by March 2026, potentially worth over £10 billion.

JPMorgan also notes that Babcock could secure multiple new contracts over the next 9 to 15 months, though the timing of these additional deals is less predictable.

Leonardo (BIT:LDO)

The Italian aerospace and defense company will present its new Industrial Plan in March 2026, with potential to raise its medium-term guidance.

JPMorgan also highlights two possible M&A transactions that might be completed in Q1 2026, including Iveco Defence and an Aerostructures joint venture, though timing remains uncertain.

Leonardo signed a Memorandum of Understanding with Airbus and Thales to merge their space activities into a new venture, though subsequent reports have indicated that talks have stalled.

Rolls-Royce (LON:RR)

The British engineering giant is expected to increase its guidance for medium-term margins in both its Civil Aerospace and Power Systems divisions. JPMorgan sees a high probability of a new share buyback program being announced, which could provide additional support for the stock.

Rolls-Royce recently received a credit rating upgrade to Baa1 from Moody’s, which cited the company’s strong performance. The company also received new "Buy" and "Outperform" ratings from Goldman Sachs and RBC Capital, respectively.

The analysis focuses on specific catalysts that could drive performance for each company rather than broader sector trends.

JPMorgan’s Positive Catalyst Watch designation for MTU Aero Engines, Babcock, and Leonardo indicates particular confidence in near-term developments for these companies within the European aerospace and defense sector.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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MTX: Record Q3 EPS and robust cash flow driven by consumer and infrastructure growth, despite market headwinds

Quartr

Minerals Technologies

+0.11%

Record Q3 EPS and strong cash flow were achieved amid mixed market conditions, with growth in consumer and infrastructure products offsetting softness in construction and North American foundry. Strategic investments and ongoing litigation provisions remain key factors.

Original document: Minerals Technologies Inc. [MTX] SEC 8-K Current Report — Oct. 24 2025

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MTX: Litigation reserves drove a nine-month net loss despite stable sales and strong liquidity

Quartr

Minerals Technologies

+0.11%

Q3 2025 saw a 1% sales increase to $532.4M, but net income and EPS declined due to higher litigation costs. A $215M reserve for talc litigation led to a nine-month net loss, though liquidity and segment margins remain solid.

Original document: Minerals Technologies Inc. [MTX] SEC 10-Q Quarterly Report — Oct. 24 2025

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MTX: Record Q3 EPS and strong cash flow, with Q4 guidance reflecting seasonal and market headwinds

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Minerals Technologies

+0.11%

Record Q3 EPS of $1.55 on $532M sales, with strong free cash flow and a 9% dividend increase. Growth initiatives advanced amid mixed market conditions, and Q4 guidance anticipates seasonally slower activity and tariff uncertainty.

Original document: Minerals Technologies Inc. [MTX] Slides Release — Oct. 24 2025

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Top European Aerospace & Defense Stocks for 2025: Growth Meets Value

Investing.com

Southwest Gas Holdings

+0.44%

NVIDIA

-1.33%

Investing.com -- European aerospace and defense stocks are positioning for a strong 2025, with several standouts offering compelling combinations of growth and value. Based on comprehensive analysis of financial metrics, analyst targets, and technical indicators, these four companies represent the most promising opportunities in the sector.

Colt CZ Group SE (SEP:CZG) leads the pack with extraordinary growth prospects and value metrics. The firearms manufacturer is forecasting a remarkable 178.1% EPS growth while maintaining a forward PEG ratio of just 0.06, making it exceptionally undervalued relative to its growth potential.

Trading at Kč765.00, the stock sits near its fair value of Kč774.03 but offers 33.5% upside to analyst targets. With a 4.6% dividend yield, Colt provides income alongside growth potential. Investors should note its higher debt-to-equity ratio of 89.3%, which warrants monitoring as the company expands.

Colt CZ Group SE reported first-quarter 2024 revenue of CZK 3.03 billion and a net profit of CZK 167.1 million. The company also announced the completion of its acquisition of ammunition manufacturer Sellier & Bellot.

Montana Aerospace AG (SWX:AERO) claims the second position with projected EPS growth of 147.2% and significant analyst upside of 45.3%.

Currently priced at CHF26.35, the stock trades below both its fair value of CHF32.89 and analyst target of CHF29.24. Its forward PEG of 0.19 indicates growth at a reasonable price, though investors should prepare for volatility with its beta of 2.16.

Unlike other top performers, Montana Aerospace does not offer a dividend, positioning it as a pure growth play that requires patience through market fluctuations.

MTU Aero Engines AG (XTRA:MTX) represents the blue-chip option among the leaders, having delivered a 38.0% return over the past year.

Trading at €395.80 against a fair value of €405.60, MTU shows consistent performance with 51.3% EPS growth forecast and 16.3% projected revenue growth. With strong technical indicators across all timeframes and sector-leading ROE of 20.3%, MTU offers stability alongside growth potential.

Though its 8.9% analyst upside is more modest than peers, its technical momentum and analyst consensus (17 targets) provide confidence.

In a recent development, MTU Aero Engines AG received an upgrade from analysts at Berenberg, who moved the company’s rating from ’Hold’ to ’Buy’ and set a new price target of €270.

Dassault Aviation (ENXTPA:AM) rounds out the top performers with a 52.3% annual return and balanced exposure to both military and civilian aerospace markets.

Currently priced at €284.40, Dassault trades below both its fair value of €327.06 and analyst target of €324.07, suggesting 14-15% upside potential.

While its 9.4% EPS growth forecast and 2.42 PEG ratio are less dramatic than top-ranked peers, Dassault’s extremely low debt-to-equity ratio of 3.8%, combined with a solid 15.3% ROE and 1.7% dividend yield, position it as a resilient option amid sector volatility.

Dassault Aviation announced its first-half results, posting revenue of €2.79 billion, a 26% increase compared to the previous year, with net income rising to €346 million.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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