Minerals Technologies Inc. Announces 2026 First Quarter Financial Results

Minerals Technologies Inc. (NYSE: MTX) (“MTI”), a leading, technology-driven specialty minerals company, today reported earnings per share for the first quarter ended April 5, 2026, of $1.17, or $1.38 excluding special items, representing a 21 percent increase over the prior year.

“In the first quarter, our sales grew by double digits across multiple businesses, underscoring the momentum we have built in recent quarters. Supported by our innovation pipeline and recent growth investments, we expect this momentum to continue through the year,” said Douglas T. Dietrich, MTI’s Chairman and Chief Executive Officer. “Recent geopolitical events presented new challenges; however, consistent with our track record, our teams moved quickly to make the necessary adjustments to navigate higher global energy costs.”

First Quarter 2026 Consolidated Results

In the first quarter, MTI’s worldwide net sales were $547 million, up 11 percent over the prior year, primarily driven by volume growth across both segments. Foreign exchange had a favorable impact on sales of $17 million.

Reported operating income was $59 million, or $68 million excluding special items, up 7 percent over the prior year. Reported operating margin was 10.7 percent of sales, or 12.3 percent excluding special items.

First Quarter 2026 Segment Results

Consumer & Specialties segment sales were $297 million, up 8 percent sequentially and 11 percent over prior year. Sales in the Household & Personal Care product line were $142 million, up 7 percent sequentially and 16 percent over the prior year, driven by cat litter, animal health, fabric care, and edible oil and renewable fuel purification. Sales in the Specialty Additives product line were $154 million, up 9 percent sequentially and 6 percent over the prior year, primarily driven by higher sales to paper and packaging customers.

Segment reported operating income was $33 million, up 18 percent over the prior year or 8 percent excluding special items.

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 $250 million, up 2 percent sequentially and 12 percent over the prior year. Sales in the High-Temperature Technologies product line were $183 million, up 3 percent sequentially and 8 percent over the prior year, driven by continued higher sales to steel customers and supported by a stable performance in our foundry business. In the Environmental & Infrastructure product line, sales were $67 million, flat sequentially and up 24 percent over the prior year, driven by stronger sales related to large-scale project activity, infrastructure drilling, and offshore water treatment.

Segment reported operating income was $39 million, up 17 percent over prior year or 14 percent excluding special items.

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.