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Last $66.74 USD
Change Today -2.28 / -3.30%
Volume 245.0K
MTX On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 06/29/15 All times are local (Market data is delayed by at least 15 minutes).

minerals technologies inc (MTX) Snapshot

Open
$68.22
Previous Close
$69.02
Day High
$69.17
Day Low
$66.53
52 Week High
11/18/14 - $77.95
52 Week Low
08/4/14 - $56.37
Market Cap
2.3B
Average Volume 10 Days
252.9K
EPS TTM
$4.46
Shares Outstanding
34.7M
EX-Date
05/22/15
P/E TM
15.0x
Dividend
$0.20
Dividend Yield
0.30%
Current Stock Chart for MINERALS TECHNOLOGIES INC (MTX)

minerals technologies inc (MTX) Related Businessweek News

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minerals technologies inc (MTX) Details

Minerals Technologies Inc. develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company’s Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc. This segment’s products are used in the paper, building materials, paint and coatings, glass, ceramic, polymer, food, automotive, and pharmaceutical industries. Its Refractories segment offers monolithic and shaped refractory materials; specialty products, services, and application and measurement equipment; and calcium metal and metallurgical wire products that are used in the applications of steel, non-ferrous metal, and glass industries. The company’s Performance Materials segment supplies bentonite and bentonite-related products, as well as chromite and leonardite. This segment offers metal casting products; household, personal care, and specialty products; and basic minerals and other products. Its Construction Technologies segment provides environmental products comprising bentonite-based lining technologies and liquid containment products, as well as specialized technologies to mitigate vapor intrusion. This segment also provides various active and passive products for waterproofing of underground structures, commercial building envelopes, and tunnels, as well as drilling products. It serves construction project customers. The company’s Energy Services segment provides water treatment/filtration, well testing, coil tubing, pipeline, and nitrogen services. This segment also offers patented and unpatented technologies, products, and services for various phases of oil and gas production, refining, and storage. The company markets its products primarily through its direct sales force, as well as regional distributors. Minerals Technologies Inc. was founded in 1968 and is headquartered in New York, New York.

4,464 Employees
Last Reported Date: 02/18/15
Founded in 1968

minerals technologies inc (MTX) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $900.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $446.0K
Senior Vice President, Chief Operating Office...
Total Annual Compensation: $440.7K
Senior Vice President of Performance Minerals...
Total Annual Compensation: $381.7K
Senior Vice President and Managing Director o...
Total Annual Compensation: $265.8K
Compensation as of Fiscal Year 2014.

minerals technologies inc (MTX) Key Developments

Minerals Technologies Inc. Enters into Refinancing Facility Agreement

On June 23, 2015, Minerals Technologies Inc. entered into a Refinancing Facility Agreement (Amendment) to amend the credit agreement dated as of May 9, 2014 among the company, the borrowing subsidiaries party thereto, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent and the other agents party. The Credit Agreement provided for, among other things, a $1,560,000,000 senior secured term loan facility and a $200,000,000 senior secured revolving credit facility. The Amendment provides for, among other things, loans under a new floating rate term loan facility in an aggregate principal amount of $1,078,000,000 (Term B-1 Facility) and loans under a new fixed rate term loan facility in an aggregate principal amount of $300,000,000 (Term B-2 Facility; and together with the Term B-1 Facility, the ‘Refinancing Term Facilities’). The Refinancing Term Facilities replace the existing Term Facility. The maturity date for loans under the Refinancing Term Facilities (May 9, 2021) is unchanged from the original maturity date for the Term Facility. Loans under the Term B-1 Facility bear interest at a rate equal to, at the election of the Company, Adjusted LIBOR (subject to a floor of 0.75%) plus an applicable margin equal to 3.00% per annum or a base rate plus an applicable margin equal to 2.00% per annum, subject in each case to a decrease of 25 basis points after December 31, 2015 in the event that, and for so long as, the company's ratio of total indebtedness (less unrestricted cash and cash equivalents) to consolidated EBITDA for the four preceding fiscal quarters (Net Leverage Ratio) is less than 2.25 to 1.00. Loans under the Term B-2 Facility bear interest at a rate equal to 4.75% per annum. The company will pay certain fees under the Amended Credit Agreement, including customary annual administration fees. The loans under the Term B-2 Facility are subject to prepayment premiums in the event of certain prepayments prior to the third anniversary of the effective date of the Amendment.

Minerals Technologies Inc. Unveils Enersol Crop Enhancement Technology in China

Minerals Technologies Inc. has unveiled its Enersol crop enhancement technology in China. Enersol, derived from leonardite, a naturally occurring mineral, is in trials around the world in a variety of crops ranging from corn, soybeans, rice and potatoes.

Minerals Technologies Declares Quarterly Dividend, Payable on June 10, 2015

Minerals Technologies Inc. declared a regular quarterly dividend of $0.05 per share on the company's common stock. The dividend is payable on June 10, 2015 to stockholders of record on May 27, 2015.

 

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China GengSheng Minerals Inc $0.0015 USD +0.0005
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Industry Analysis

MTX

Industry Average

Valuation MTX Industry Range
Price/Earnings 21.9x
Price/Sales 1.2x
Price/Book 2.7x
Price/Cash Flow 20.2x
TEV/Sales 0.4x
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