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Stock impact report

Minerals Technologies Inc. Announces 2025 First Quarter Financial Results [Yahoo! Finance]

Minerals Technologies Inc. (MTX) 
Last minerals technologies inc. earnings: 4/30 05:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today reported a loss per share for the first quarter ended March 30, 2025, of $4.51 due to the establishment of a reserve in connection with the Chapter 11 case of its subsidiary BMI OldCo. Excluding special items, earnings were $1.14 per share. First Quarter 2025 Consolidated Results Worldwide net sales were $492 million, down 8 percent versus the prior year, driven by uncertainty in the Company's end markets resulting in softer demand conditions in both segments. Foreign exchange had an unfavorable impact on sales of 2 percent. “Throughout the quarter, we experienced slower demand from customers in both of our business segments. This was a result of destocking activities and shifting order patterns, primarily in January and February. We saw a significant improvement in sales in March, which we expect to continue through the second quarter,” said Douglas T. Dietrich, C Show less Read more
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