Minerals Technologies Inc. Announces 2026 Second Quarter Financial Results (Form 8-K)

Minerals Technologies Inc. Announces 2026 Second Quarter Financial Results

● Sales up 4 percent versus prior year and up 7 percent year-to-date; on track for mid-single digit growth for full year

● Strong cash flow generation, up significantly year-to-date versus prior year

● Balance sheet remains solid, adjusted net leverage ratio at 1.6x

● Published 18^th Sustainability Report and established new 10-year environmental targets

● Company will host Investor Day event on September 22, 2026

NEW YORK, July 30, 2026 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) ("MTI"), a leading, technology-driven specialty minerals company, today reported a loss per share for the second quarter ended July 5, 2026, of $5.90, or earnings per share of $1.60 excluding special items, representing a 3 percent increase over the prior year.

"Our sales momentum continued in the second quarter, resulting in 7 percent growth in the first half of the year. This trend is being driven by our growth initiatives and strong market conditions, and we are on track to hit our full year revenue targets," said Douglas T. Dietrich, Chairman and Chief Executive Officer. "We absorbed significant inflationary cost increases that temporarily impacted margins, primarily in the Consumer & Specialties segment, but have pricing actions into place to restore them through the back half of the year."

Consolidated Results

In the second quarter, MTI's worldwide net sales were $548 million, up 4 percent over the prior year. Foreign exchange had a favorable impact of $7 million on sales. For the first half of 2026, consolidated sales were $1.1 billion, up 7 percent over prior year.

Reported operating loss in the second quarter was $220 million, or operating income of $75 million excluding special items. The special items include a $290 million charge to increase the company's reserve for estimated costs to fund a trust to resolve all current and future talc-related claims as well as fund the Chapter 11 cases of its subsidiary BMI OldCo Inc. and affiliated debtors and related litigation costs.

Second Quarter 2026 Segment Results

Consumer & Specialties segment sales were $275 million, down 1 percent from the prior year. Sales in the Household & Personal Care product line were $123 million, down 3 percent from the prior year due to lower sales in high-margin consumer specialty products. Sales in the Specialty Additives product line were $151 million, up 1 percent over the prior year, primarily driven by higher sales to paper and packaging customers.

Segment reported operating income was $29 million, down 21 percent excluding special items, due to unfavorable volume mix as well as higher energy, transportation, and raw material costs that were not fully recovered within the quarter due to the timing of contractual pricing adjustments.

MTI's Consumer & Specialties segment provides functional components that become part of a variety of consumer and industrial products and touch millions of lives every day. It includes two product lines: Household & Personal Care, which delivers mineral-to-market products for improved performance and enhanced consumer experiences in end markets including cat litter, household and personal care, edible oil and renewable fuel purification, animal health, and agriculture; and Specialty Additives, which offers mineral-based technologies for improved functionality in end markets including paper and packaging, food and pharmaceuticals, sealants and adhesives, paints and coatings, and residential construction.

Engineered Solutions segment sales were $274 million, up 9 percent over the prior year. Sales in the High-Temperature Technologies product line were $190 million, up 7 percent over the prior year, driven by continued higher sales to steel customers in the U.S. and foundry businesses in Asia. In the Environmental & Infrastructure product line, sales were $84 million, up 15 percent over the prior year, driven by stronger sales related to building materials, large-scale project activity, and infrastructure drilling.

Segment reported operating income was $49 million, up 12 percent excluding special items, representing a record operating margin of 17.8 percent of sales.

MTI's Engineered Solutions segment provides advanced technologies and solutions designed to improve customers' manufacturing processes and projects. It includes two product lines: High-Temperature Technologies, which delivers mineral-based blends, technologies, and systems that solve complex challenges in the foundry, steel, and other high-temperature processing industries; and Environmental & Infrastructure, which offers solutions for water treatment, fluid management, building materials, and environmental, remediation, and infrastructure-related projects.

Publication of the 18^th Annual Sustainability Report

MTI published the 18^th edition of its annual Sustainability Report, highlighting the company's environmental, safety, and community achievements and establishing a new set of 10-year environmental targets through 2035. It also shared that by 2025, the company had successfully achieved all 12 environmental targets it established in 2018. Key accomplishments included a 34 percent reduction in Scope 1 emissions, a 42 percent reduction in Scope 2 emissions, a 31 percent reduction in water withdrawals, a 56 percent reduction in water discharge, and a 44 percent reduction in landfill waste.

MTI continues to support its customers' sustainability objectives through innovative solutions that help reduce emissions and waste, improve resource efficiency, and address environmental challenges such as PFAS remediation. In 2025, 67 percent of the company's products commercialized during the previous five years had a sustainable profile.

The Sustainability Report is available at www.mineralstech.com/sustainability.

Company to Host 2026 Investor Day Event

MTI will host an Investor Day event on September 22, 2026, starting at 1 p.m. Eastern Time (EST) at its Bethlehem, Pennsylvania R&D facility. A live webcast with management will be followed by a tour for in-person attendees of the R&D facility, with a focus on the company's Crystal Engineering and Engineered Blends technologies.

"We are excited to welcome investors to our 2026 Investor Day, where we will provide an update on the strategic growth initiatives driving MTI's performance today and discuss the opportunities that will shape our future," said Dietrich. "Our team will showcase MTI's unique combination of mineral resources, technologies, and application expertise and highlight how we develop innovative solutions that align with emerging customer and market trends. We will also preview some of the new applications that we believe will open up new markets in the next few years and continue to create long-term shareholder value."

Conference Call

MTI will host a conference call tomorrow, July 31, 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 July 31, 2026.