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Stock impact report

Minerals Technologies Reports First Quarter 2020 Earnings of $1.12 Per Share, or $1.13 Per Share, Excluding Special Items

Minerals Technologies Inc. (MTX) 
Last minerals technologies inc. earnings: 4/30 05:01 pm Check Earnings Report
Company Research Source: GlobeNewswire
Highlights: First Quarter Sales of $418 MillionOperating Margins Increased 200 Basis Points Sequentially, Excluding Special ItemsStrong Liquidity of Over $400 Million, Including $218 Million Cash and EquivalentsCOVID-19 Pandemic Impacted Sales by Approximately $7 Million NEW YORK, April 30, 2020 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today reported diluted earnings per share of $1.13, excluding special items, for the first quarter ended March 29, 2020, compared with $1.11 in the prior year. Reported diluted earnings per share were $1.12. Worldwide net sales were $417.5 million, 5 percent lower than the prior year. Foreign exchange had an unfavorable impact on sales of approximately $6.0 million or 2 percentage points. In addition, COVID-19 impacted sales by approximately $7 million, or 2 percent, primarily due to weakness in China. Operating income was $57.7 million and represented 13.8 percent of sales. Operating income excluding spec Show less Read more
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