Minerals Technologies Inc. announces 2026 Third Quarter financial results. * Sales growth was 4 percent versus prior year and 6 percent year-to-date * Earnings per share of $1.37 or $1.53, excluding special items * Strong cash flow generation, with year-to-date cash flow from operations up 32 percent * Hosted 2026 Investor Day, introducing new technologies to support U.S. production of rare earths and critical minerals * Improved financial flexibility by extending debt maturities and increasing liquidity * Increased regular quarterly dividend by 8 percent NEW YORK, Oct. 29, 2026 (GLOBE NEWSWIRE) - Minerals Technologies Inc. (NYSE: MTX) ("MTI"), a leading, technology-driven specialty minerals company, today reported earnings per share for the third quarter ended October 4, 2026, of $1.37, or $1.53 excluding special items. "Our sales growth continued in the third quarter, and we remain on track to achieve mid-single-digit revenue growth for the full year," said Douglas T. Dietrich, Chairman and Chief Executive Officer. "We also continue to execute on our growth strategy with the recent announcement of two new solutions that target opportunities in rare earths and critical minerals. This demonstrates our ability to extend our core technologies to new applications and deliver continued long-term growth and value creation." Third Quarter 2026 Consolidated Results MTI's worldwide net sales for the third quarter were $555 million, up 4 percent over the prior year and 1 percent higher sequentially. For the first nine months of 2026, consolidated sales were $1.7 billion, up 6 percent over the prior year. Reported operating income in the third quarter was $65 million, or $72 million, excluding special items. The reported operating margin was 11.7 percent of sales or 12.9 percent, excluding special items. Cash flow from operations and free cash flow were strong at $76 million and $52 million, respectively, in the third quarter. Third Quarter 2026 Segment Results Consumer & Specialties segment sales were $278 million, up slightly over the prior year and 1 percent higher sequentially. Sales in the Household & Personal Care product line were $131 million and increased 1 percent over the prior year and 6 percent sequentially. The sequential increase in Household & Personal Care sales was driven by higher cat litter volumes in North America and growth in edible oil and renewable fuel purification, personal care, and fabric care. Sales in the Specialty Additives product line were $148 million, flat with prior year and 2 percent lower sequentially. Segment operating income was $25 million, down 34 percent from the prior year primarily due to 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 $277 million, up 9 percent over the prior year and 1 percent sequentially. Sales in the High-Temperature Technologies product line were $192 million, up 7 percent over the prior year and 1 percent sequentially. The growth over the prior year was driven by higher sales to steel and foundry customers. In the Environmental & Infrastructure product line, sales were $85 million, up 11 percent over the prior year and 1 percent sequentially. Stronger sales for environmental lining and remediation products, building materials, and infrastructure drilling products drove the increase in sales over the prior year. Segment operating income was $49 million, up 9 percent over the prior year, and represented an operating margin of 17.6 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. 2026 Investor Day On September 22, 2026, MTI held an Investor Day at its R&D facility in Bethlehem, Pennsylvania, where it reaffirmed its long-term targets and value creation opportunities. The company also introduced new breakthrough innovations, including the capability to produce high-purity calcium metal to support U.S. heavy rare earth metallization and a new application of MTI's proprietary waste repurposing technology to extract commercially valuable minerals from steel slag. The company estimates that these two opportunities alone could create over $200 million in revenue over the next five years. Private Offering On October 13, 2026, MTI completed a $400 million private offering of 7.5 percent senior notes due 2032 at par and used the net proceeds to repay its $400 million in senior notes due in 2028. The company also amended its credit agreement to increase the amount of its revolving credit facility from $400 million to $500 million of capacity and extend the maturity to 2031. Dividend Increase On October 21, 2026, MTI increased its regular quarterly dividend on the company's common stock by 8 percent to $0.13 per share. The dividend is payable on December 3, 2026, to stockholders of record at the close of business on November 5, 2026. "This is the fourth year in a row that MTI's Board of Directors has authorized an increase of our quarterly dividend, reflecting our confidence in MTI's continued ability to deliver steady cash flow, create value for shareholders, and execute on its long-term growth strategy," said Dietrich. Conference Call MTI will host a conference call tomorrow, October 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 October 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 2025 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. (NYSE:MTX) is a global, technology-driven specialty minerals company that sources, manufactures, sells, and distributes a wide range of minerals and mineral-based products and services. We utilize our global mineral reserves, combined with our core technologies and applications, to deliver innovative products that are an essential 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 [email protected] Media Contact Stephanie Heise [email protected] | MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | | CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) | | (in millions of dollars, except per share data) | | (unaudited) | | / | Quarter Ended | / | % Growth | / | Nine Months Ended | / | % Growth | | / | Oct. 4, | / | Jul. 5, | / | Sep. 28, | / | Prior | / | Prior | / | Oct. 4, | / | Sep. 28, | / | Prior | | / | 2026 | / | 2026 | / | 2025 | / | Qtr. | / | Year | / | 2026 | / | 2025 | / | Year | | Net sales | $ | 554.9 | / | / | $ | 548.4 | / | / | $ | 532.4 | / | / | 1 | % | / | 4 | % | / | $ | 1,650.2 | / | / | $ | 1,553.1 | / | / | 6 | % | | Cost of goods sold | / | 425.7 | / | / | / | 414.6 | / | / | / | 395.4 | / | / | 3 | % | / | 8 | % | / | / | 1,256.1 | / | / | / | 1,159.6 | / | / | 8 | % | | Production margin | / | 129.2 | / | / | / | 133.8 | / | / | / | 137.0 | / | / | (3 | )% | / | (6 | )% | / | / | 394.1 | / | / | / | 393.5 | / | / | 0 | % | | Marketing and administrative expenses | / | 52.0 | / | / | / | 53.3 | / | / | / | 53.0 | / | / | (2 | )% | / | (2 | )% | / | / | 162.8 | / | / | / | 155.8 | / | / | 4 | % | | Research and development expenses | / | 5.7 | / | / | / | 5.9 | / | / | / | 5.6 | / | / | (3 | )% | / | 2 | % | / | / | 17.7 | / | / | / | 17.1 | / | / | 4 | % | | Provision for litigation accrual and credit losses | / | 0.0 | / | / | / | 290.0 | / | / | / | 0.0 | / | / | * | / | * | / | / | 290.0 | / | / | / | 215.0 | / | / | 35 | % | | Restructuring and other items | / | 0.0 | / | / | / | 0.0 | / | / | / | 0.0 | / | / | * | / | * | / | / | 0.0 | / | / | / | 11.3 | / | / | * | | Gain on sale of assets, net | / | 0.0 | / | / | / | 0.0 | / | / | / | 0.0 | / | / | * | / | * | / | / | 0.0 | / | / | / | (5.6 |) | / | * | | Litigation expenses | / | 6.7 | / | / | / | 4.9 | / | / | / | 7.5 | / | / | 37 | % | / | (11 | )% | / | / | 20.4 | / | / | / | 14.5 | / | / | 41 | % | | Income (loss) from operations | / | 64.8 | / | / | / | (220.3 |) | / | / | 70.9 | / | / | * | / | (9 | )% | / | / | (96.8 |) | / | / | (14.6 |) | / | * | | Interest expense, net | / | (12.1 |) | / | / | (12.1 |) | / | / | (13.8 |) | / | 0 | % | / | (12 | )% | / | / | (37.5 |) | / | / | (41.6 |) | / | (10 | )% | | Other non-operating income (deductions), net | / | 0.3 | / | / | / | 1.1 | / | / | / | (0.5 |) | / | (73 | )% | / | * | / | / | 1.9 | / | / | / | (4.4 |) | / | * | | Total non-operating deductions, net | / | (11.8 |) | / | / | (11.0 |) | / | / | (14.3 |) | / | 7 | % | / | (17 | )% | / | / | (35.6 |) | / | / | (46.0 |) | / | (23 | )% | | Income (loss) before tax and equity in earnings | / | 53.0 | / | / | / | (231.3 |) | / | / | 56.6 | / | / | * | / | (6 | )% | / | / | (132.4 |) | / | / | (60.6 |) | / | * | | Provision (benefit) for taxes on income | / | 12.2 | / | / | / | (46.2 |) | / | / | 13.5 | / | / | * | / | (10 | )% | / | / | (24.1 |) | / | / | (4.7 |) | / | 413 | % | | Equity in earnings of affiliates, net of tax | / | 3.0 | / | / | / | 2.5 | / | / | / | 1.1 | / | / | 20 | % | / | 173 | % | / | / | 6.8 | / | / | / | 3.4 | / | / | 100 | % | | Net income (loss) | / | 43.8 | / | / | / | (182.6 |) | / | / | 44.2 | / | / | * | / | (1 | )% | / | / | (101.5 |) | / | / | (52.5 |) | / | * | | Less: Net income attributable to non-controlling interests | / | 1.1 | / | / | / | 1.0 | / | / | / | 1.2 | / | / | 10 | % | / | (8 | )% | / | / | 3.2 | / | / | / | 3.1 | / | / | 3 | % | | Net income (loss) attributable to Minerals Technologies Inc. (MTI) | $ | 42.7 | / | / | $ | (183.6 |) | / | $ | 43.0 | / | / | * | / | (1 | )% | / | $ | (104.7 |) | / | $ | (55.6 |) | / | * | | Weighted average number of common shares outstanding: | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | | Basic | / | 31.1 | / | / | / | 31.1 | / | / | / | 31.3 | / | / | / | / | / | / | / | 31.1 | / | / | / | 31.6 | / | / | / | | Diluted | / | 31.2 | / | / | / | 31.1 | / | / | / | 31.3 | / | / | / | / | / | / | / | 31.1 | / | / | / | 31.6 | / | / | / | | Earnings (loss) per share attributable to MTI: | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | | Basic | $ | 1.37 | / | / | $ | (5.90 |) | / | $ | 1.37 | / | / | * | / | 0 | % | / | $ | (3.37 |) | / | $ | (1.76 |) | / | * | | Diluted | $ | 1.37 | / | / | $ | (5.90 |) | / | $ | 1.37 | / | / | * | / | 0 | % | / | $ | (3.37 |) | / | $ | (1.76 |) | / | * | | Cash dividends declared per common share | $ | 0.12 | / | / | $ | 0.12 | / | / | $ | 0.11 | / | / | / | / | / | / | $ | 0.36 | / | / | $ | 0.33 | / | / | / | | * Percentage not meaningful | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | | MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | | SUPPLEMENTARY DATA | | (in millions of dollars) | | (unaudited) | | / | / | Quarter Ended | / | % Growth | / | Nine Months Ended | / | % Growth | | SALES DATA | / | Oct. 4, | / | % of | / | Jul. 5, | / | % of | / | Sep. 28, | / | % of | / | Prior | / | Prior | / | Oct. 4, | / | % of | / | Sep. 28, | / | % of | / | Prior | | / | / | 2026 | / | Total Sales | / | 2026 | / | Total Sales | / | 2025 | / | Total Sales | / | Qtr. | / | Year | / | 2026 | / | Total Sales | / | 2025 | / | Total Sales | / | Year | | United States | / | $ | 287.7 | / | 52 | % | / | $ | 275.4 | / | 50 | % | / | $ | 273.3 | / | 51 | % | / | 4 | % | / | 5 | % | / | $ | 843.7 | / | 51 | % | / | $ | 817.6 | / | 53 | % | / | 3 | % | | International | / | / | 267.2 | / | 48 | % | / | / | 273.0 | / | 50 | % | / | / | 259.1 | / | 49 | % | / | (2 | )% | / | 3 | % | / | / | 806.5 | / | 49 | % | / | / | 735.5 | / | 47 | % | / | 10 | % | | Net Sales | / | $ | 554.9 | / | 100 | % | / | $ | 548.4 | / | 100 | % | / | $ | 532.4 | / | 100 | % | / | 1 | % | / | 4 | % | / | $ | 1,650.2 | / | 100 | % | / | $ | 1,553.1 | / | 100 | % | / | 6 | % | | Household & Personal Care | / | $ | 130.5 | / | 23 | % | / | $ | 123.4 | / | 22 | % | / | $ | 129.8 | / | 24 | % | / | 6 | % | / | 1 | % | / | $ | 396.3 | / | 24 | % | / | $ | 380.3 | / | 24 | % | / | 4 | % | | Specialty Additives | / | / | 147.6 | / | 27 | % | / | / | 151.1 | / | 28 | % | / | / | 147.6 | / | 28 | % | / | (2 | )% | / | 0 | % | / | / | 452.9 | / | 27 | % | / | / | 443.1 | / | 29 | % | / | 2 | % | | Consumer & Specialties Segment | / | $ | 278.1 | / | 50 | % | / | $ | 274.5 | / | 50 | % | / | $ | 277.4 | / | 52 | % | / | 1 | % | / | 0 | % | / | $ | 849.2 | / | 51 | % | / | $ | 823.4 | / | 53 | % | / | 3 | % | | High-Temperature Technologies | / | $ | 192.3 | / | 35 | % | / | $ | 190.3 | / | 35 | % | / | $ | 178.9 | / | 34 | % | / | 1 | % | / | 7 | % | / | $ | 565.9 | / | 34 | % | / | $ | 526.7 | / | 34 | % | / | 7 | % | | Environmental & Infrastructure | / | / | 84.5 | / | 15 | % | / | / | 83.6 | / | 15 | % | / | / | 76.1 | / | 14 | % | / | 1 | % | / | 11 | % | / | / | 235.1 | / | 15 | % | / | / | 203.0 | / | 13 | % | / | 16 | % | | Engineered Solutions Segment | / | $ | 276.8 | / | 50 | % | / | $ | 273.9 | / | 50 | % | / | $ | 255.0 | / | 48 | % | / | 1 | % | / | 9 | % | / | $ | 801.0 | / | 49 | % | / | $ | 729.7 | / | 47 | % | / | 10 | % | | MTI Consolidated Net Sales | / | $ | 554.9 | / | 100 | % | / | $ | 548.4 | / | 100 | % | / | $ | 532.4 | / | 100 | % | / | 1 | % | / | 4 | % | / | $ | 1,650.2 | / | 100 | % | / | $ | 1,553.1 | / | 100 | % | / | 6 | % | | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | | MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | | SUPPLEMENTARY DATA | | (in millions of dollars) | | (unaudited) | | / | Quarter Ended | / | % Growth | / | Nine Months Ended | / | % Growth | | / | Oct. 4, | / | Jul. 5, | / | Sep. 28, | / | Prior | / | Prior | / | Oct. 4, | / | Sep. 28, | / | Prior | | SEGMENT OPERATING INCOME (LOSS) DATA | 2026 | / | 2026 | / | 2025 | / | Qtr. | / | Year | / | 2026 | / | 2025 | / | Year | | Consumer & Specialties Segment | $ | 24.8 | / | / | $ | 29.3 | / | / | $ | 37.4 | / | / | (15 | )% | / | (34 | )% | / | $ | 86.6 | / | / | $ | 98.9 | / | / | (12 | )% | | % of Sales | / | 8.9 | % | / | / | 10.7 | % | / | / | 13.5 | % | / | / | / | / | / | / | 10.2 | % | / | / | 12.0 | % | / | / | | Engineered Solutions Segment | $ | 48.7 | / | / | $ | 48.8 | / | / | $ | 44.8 | / | / | (0 | )% | / | 9 | % | / | $ | 136.8 | / | / | $ | 125.2 | / | / | 9 | % | | % of Sales | / | 17.6 | % | / | / | 17.8 | % | / | / | 17.6 | % | / | / | / | / | / | / | 17.1 | % | / | / | 17.2 | % | / | / | | Unallocated and Other Corporate Expenses | $ | (8.7 |) | / | $ | (298.4 |) | / | $ | (11.3 |) | / | * | / | * | / | $ | (320.2 |) | / | $ | (238.7 |) | / | * | | MTI Consolidated | $ | 64.8 | / | / | $ | (220.3 |) | / | $ | 70.9 | / | / | * | / | * | / | $ | (96.8 |) | / | $ | (14.6 |) | / | * | | % of Sales | / | 11.7 | % | / | * | / | / | 13.3 | % | / | / | / | / | / | * | / | * | / | / | | SPECIAL ITEMS | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | | Consumer & Specialties Segment | $ | - | / | / | $ | - | / | / | $ | - | / | / | * | / | * | / | $ | - | / | / | $ | 5.8 | / | / | * | | Engineered Solutions Segment | $ | - | / | / | $ | - | / | / | $ | - | / | / | * | / | * | / | $ | - | / | / | $ | (2.3 |) | / | * | | Unallocated and Other Corporate Expenses | $ | 6.7 | / | / | $ | 294.9 | / | / | $ | 7.5 | / | / | * | / | * | / | $ | 310.4 | / | / | $ | 231.7 | / | / | * | | MTI Consolidated | $ | 6.7 | / | / | $ | 294.9 | / | / | $ | 7.5 | / | / | * | / | * | / | $ | 310.4 | / | / | $ | 235.2 | / | / | * | | To supplement the Company's consolidated financial statements presented in accordance with GAAP, the following is a presentation of the Company's non-GAAP operating income, excluding special items (set forth in the above table), for the quarterly periods ended October 4, 2026, July 5, 2026, and September 28, 2025, and the nine month periods ended October 4, 2026 and September 28, 2025, constituting a reconciliation to GAAP operating income (loss) set forth above. The Company's management believes these non-GAAP measures provide meaningful supplemental information regarding its performance as the 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 | / | Nine Months Ended | / | % Growth | | SEGMENT OPERATING INCOME, | Oct. 4, | / | Jul. 5, | / | Sep. 28, | / | Prior | / | Prior | / | Oct. 4, | / | Sep. 28, | / | Prior | | EXCLUDING SPECIAL ITEMS | 2026 | / | 2026 | / | 2025 | / | Qtr. | / | Year | / | 2026 | / | 2025 | / | Year | | Consumer & Specialties Segment | $ | 24.8 | / | / | $ | 29.3 | / | / | $ | 37.4 | / | / | (15 | )% | / | (34 | )% | / | $ | 86.6 | / | / | $ | 104.7 | / | / | (17 | )% | | % of Sales | / | 8.9 | % | / | / | 10.7 | % | / | / | 13.5 | % | / | / | / | / | / | / | 10.2 | % | / | / | 12.7 | % | / | / | | Engineered Solutions Segment | $ | 48.7 | / | / | $ | 48.8 | / | / | $ | 44.8 | / | / | (0 | )% | / | 9 | % | / | $ | 136.8 | / | / | $ | 122.9 | / | / | 11 | % | | % of Sales | / | 17.6 | % | / | / | 17.8 | % | / | / | 17.6 | % | / | / | / | / | / | / | 17.1 | % | / | / | 16.8 | % | / | / | | Unallocated and Other Corporate Expenses | $ | (2.0 |) | / | $ | (3.5 |) | / | $ | (3.8 |) | / | (43 | )% | / | (47 | )% | / | $ | (9.8 |) | / | $ | (7.0 |) | / | 40 | % | | MTI Consolidated | $ | 71.5 | / | / | $ | 74.6 | / | / | $ | 78.4 | / | / | (4 | )% | / | (9 | )% | / | $ | 213.6 | / | / | $ | 220.6 | / | / | (3 | )% | | % of Sales | / | 12.9 | % | / | / | 13.6 | % | / | / | 14.7 | % | / | / | / | / | / | / | 12.9 | % | / | / | 14.2 | % | / | / | | * Percentage not meaningful | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | / | | MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | | CONDENSED CONSOLIDATED BALANCE SHEETS | | (in millions of dollars) | | ASSETS | | / | / | Oct. 4, | / | December 31, | | / | / | 2026* | / | 2025** | | Current assets: | / | / | / | / | / | / | | Cash & cash equivalents | $ | 372.1 | / | / | $ | 329.0 | / | | Short-term investments | / | 6.9 | / | / | / | 3.6 | / | | Accounts receivable, net | / | 421.7 | / | / | / | 400.1 | / | | Inventories | / | / | 368.2 | / | / | / | 350.2 | / | | Prepaid expenses and other current assets | / | 65.6 | / | / | / | 72.7 | / | | Total current assets | / | 1,234.5 | / | / | / | 1,155.6 | / | | Property, plant, and equipment | / | 2,346.5 | / | / | / | 2,308.9 | / | | Less accumulated depreciation | / | 1,310.8 | / | / | / | 1,283.9 | / | | Net property, plant, and equipment | / | 1,035.7 | / | / | / | 1,025.0 | / | | Goodwill | / | / | 915.5 | / | / | / | 915.9 | / | | Intangible assets | / | / | 199.4 | / | / | / | 208.7 | / | | Other assets and deferred charges | / | 163.3 | / | / | / | 163.8 | / | | Total assets | / | $ | 3,548.4 | / | / | $ | 3,469.0 | / | | LIABILITIES AND SHAREHOLDERS' EQUITY | | Current liabilities: | / | / | / | / | / | / | | Short-term debt | / | $ | - | / | / | $ | 0.4 | / | | Current maturities of long-term debt | / | 5.9 | / | / | / | 6.3 | / | | Accounts payable | / | / | 219.3 | / | / | / | 187.9 | / | | Other current liabilities | / | 624.1 | / | / | / | 360.8 | / | | Total current liabilities | / | 849.3 | / | / | / | 555.4 | / | | Long-term debt | / | / | 951.9 | / | / | / | 955.0 | / | | Deferred income taxes | / | 31.3 | / | / | / | 90.7 | / | | Other non-current liabilities | / | 104.3 | / | / | / | 118.2 | / | | Total liabilities | / | / | 1,936.8 | / | / | / | 1,719.3 | / | | Total MTI shareholders' equity | / | 1,578.7 | / | / | / | 1,713.4 | / | | Non-controlling interests | / | 32.9 | / | / | / | 36.3 | / | | Total shareholders' equity | / | 1,611.6 | / | / | / | 1,749.7 | / | | Total liabilities and shareholders' equity | $ | 3,548.4 | / | / | $ | 3,469.0 | / | | * Unaudited | / | / | / | / | / | / | | ** Condensed from audited financial statements. | / | / | / | / | / | | / | / | / | / | / | / | / |

Minerals Technologies announced Thursday it has launched a private offering of $400 million in senior notes due in 2034. The company will use net proceeds from the offering, along with cash on hand, to redeem its existing 5% senior notes maturing in 2028 and cover related costs. The notes will be offered to qualified institutional buyers under Rule 144A and to non-US investors under Regulation S. Shares fell 1.07% following the announcement.

Minerals Technologies Inc. reiterates long-term targets and shares several breakthrough innovations at 2026 Investor Day. - Company reiterates long-term targets and highlights value creation opportunities - - Presents capability to produce high-purity calcium metal to support domestic heavy rare earth metallization - - Reveals a new application of its proprietary waste repurposing technology that extracts commercially valuable minerals from steel slag - NEW YORK, Sept. 23, 2026 (GLOBE NEWSWIRE) - Minerals Technologies Inc. (NYSE: MTX) ("MTI"), a leading, technology-driven specialty minerals company, reiterated its growth targets, highlighted its near-term growth potential, and presented several new breakthrough innovations at its 2026 Investor Day on September 22. At the event, which took place at MTI's R&D facilities in Bethlehem, Pennsylvania, executive management, product line leaders, and R&D leaders provided an in-depth review of the company's approach to innovation as well as some of its newest growth initiatives and long-term value creation opportunities. Douglas T. Dietrich, MTI's Chairman and Chief Executive Officer, discussed why the combination of MTI's unique global mineral reserves and core technologies enable the company to provide valuable functional components to customers across a wide range of end markets. He also highlighted MTI's strategic growth engines, including expansion into higher growth markets; deepening positions in existing core markets and geographies; and new products and solutions, including automation for steelmaking, PFAS remediation, waste repurposing in paper and packaging, Sustainable Aviation Fuel filtration, and more. The company also shared details about a new high-value revenue growth opportunity in the production of high-purity calcium metal, a critical input in heavy rare earth metallization. MTI already produces calcium metal in the United States, supplying a material that is essential for producing high-strength steel. Building on this expertise, MTI has developed a new process to manufacture high-purity calcium metal, which supports the development of a domestic rare earth supply chain serving the aerospace and defense, transportation, renewable energy, electronics, and medical technology markets. MTI estimates that this opportunity will drive over $100 million in incremental revenue in the next several years. Another emerging opportunity is derived from the company's Crystal Engineering technology, which is the foundation for MTI's proprietary NewYield(R) product that repurposes pulp waste from paper factories and can now be applied to other by-products like steel slag generated at steel mills. In the United States, three million tons of steel slag are currently being landfilled every year. MTI's solution repurposes this slag by-product into commercially valuable mineral products, including critical minerals like magnesium and manganese, which are needed to support domestic infrastructure development and the production of batteries, electric vehicles, and aerospace and defense technologies. MTI estimates the total addressable market for this opportunity to be greater than $250 million in the U.S. alone, and projects that its technology will enable similar waste stream opportunities for other materials. "Innovation has always been one of the core tenets of our long-term growth strategy. We outlined at our Investor Day how we can apply our core technologies in innovative ways to position the company in higher-growth, higher-value markets," said Dietrich. 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 and markets, growth opportunities, long-term strategy, future operating results and financial condition, and capital allocation plans, 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 2025 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. (NYSE:MTX) is a global, technology-driven specialty minerals company that sources, manufactures, sells, and distributes a wide range of minerals and mineral-based products and services. We utilize our global mineral reserves, combined with our core technologies and applications, to deliver innovative products that are an essential 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.