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Last $70.24 USD
Change Today +0.87 / 1.25%
Volume 274.5K
MTX On Other Exchanges
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As of 6:40 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

minerals technologies inc (MTX) Key Developments

Minerals Technologies Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 29, 2014; Provides Earnings Guidance for the Second Quarter and Full Year of 2015

Minerals Technologies Inc. announced unaudited consolidated earnings results for the first quarter ended March 29, 2014. For the quarter, the company reported total net sales of $453.3 million against $244.4 million a year ago. Income from operations was $59.9 million against $23.6 million a year ago. Income from operations before tax and equityin earnings was $47.7 million against $23.3 million a year ago. Income from continuing operations, net of tax was $36.0 million against $16.3 million a year ago. Net income attributable to the company was $35.1 million or $1.01 per basic and diluted share compared with $15.6 million or $0.45 per basic and diluted share a year ago. Cash flow from continuing operations was $19.6 million against $15.1 million a year ago. Capital expenditures were $24.2 million against $11.3 million a year ago. Free cash flow - negative was $4.6 million against free cash flow - positive of $3.8 million a year ago. Operating income, excluding special items was $63.3 million, a 121% increase over the $28.7 million in the prior year and was 14.0% of sales. EBITDA for the quarter was $90 million excluding special items, which equals 19.9% of sales. For the quarter, the company expects operating cash flow to be around $90 million for the quarter. The company expects earnings for the second quarter to be approximately $1.15 to $1.20 per share. For the full year, the company sees continued strong cash generation with operating cash flow around $300 million and free cash flow of approximately $200 million.

Minerals Technologies Inc., Q1 2015 Earnings Call, Apr 24, 2015

Minerals Technologies Inc., Q1 2015 Earnings Call, Apr 24, 2015

Minerals Technologies Inc. Announces Agreement with Sun Paper Group

Minerals Technologies Inc. announced that it has signed an agreement with the Sun Paper Group to construct a 100,000 metric ton precipitated calcium carbonate (PCC) satellite plant for paper filling at Sun's pulp and paper operations in Shandong Province, China. The facility will support a new paper machine that is scheduled to start up in the fourth quarter of 2015.

Minerals Technologies Inc. Announces Executive Changes

Minerals Technologies Inc. announced that its Board of Directors has appointed Alexander Masetti Vice President and Managing Director of its Paper PCC business unit. Mr. Masetti joins Minerals Technologies Inc. from Air Products and Chemicals Inc., where he held various business unit and executive positions. He will become an officer of Minerals Technologies and a member of the company's management team. Mr. Masetti will succeed D.J. Monagle, III, Chief Operating Officer, Specialty Minerals Inc. and Minteq Group, who was named to that position in February of 2014. In his new position with Minerals Technologies, Mr. Masetti will be responsible for the operation of the company's 60 precipitated calcium carbonate (PCC) plants located on site at paper mills around the world.

Minerals Technologies Inc. Presents at Gabelli & Company 6th Annual Specialty Chemicals Conference, Mar-26-2015 11:00 AM

Minerals Technologies Inc. Presents at Gabelli & Company 6th Annual Specialty Chemicals Conference, Mar-26-2015 11:00 AM. Venue: The Harvard Club, 35 W. 44th St., New York, New York, United States. Speakers: Douglas T. Dietrich, Chief Financial Officer and Senior Vice President of Finance & Treasury, Joseph C. Muscari, Executive Chairman, Chief Executive Officer and President.

 

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MTX

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Valuation MTX Industry Range
Price/Earnings 22.0x
Price/Sales 1.2x
Price/Book 2.8x
Price/Cash Flow 20.3x
TEV/Sales 0.4x
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