Sector: Basic Materials | Industry: Specialty Chemicals |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 622 3rd Ave NEW YORK NY 10017-6707 |
Tel: | 1-212-8781831 |
Website: | https://www.mineralstech.com |
IR: | See website |
Key People | ||
Douglas T. Dietrich Chairman of the Board, Chief Executive Officer | Erik C. Aldag Senior Vice President - Finance and Treasury, Chief Financial Officer | Brett Argirakis Group President, Performance Materials and Refractories |
Daniel Joseph Monagle Group President, Specialty Minerals and Household and Personal Care | Jonathan J. Hastings Senior Vice President, Strategy and M&A | Timothy J. Jordan Chief Compliance Officer, Vice President, General Counsel, Secretary |
Michael A. Cipolla Vice President, Corporate Controller, Chief Accounting Officer | Erin N. Cutler Vice President - Human Resources |
Business Overview |
Minerals Technologies Inc. is a technology-driven specialty minerals company that develops, produces, and markets a range of mineral and mineral-based products, related systems, and services. The Company's segments include Consumer & Specialties and Engineered Solutions. The Consumer & Specialties segment serves consumer end markets directly and provides mineral-based solutions and technologies for its customers' products. The two product lines in this segment are Household & Personal Care and Specialty Additives. The Company's Engineered Solutions segment combines all engineered systems, mineral blends, and technologies that are designed to aid in customer processes and projects. The two product lines in this segment are High-Temperature Technologies and Environmental & Infrastructure. The Company serves globally a range of consumer and industrial markets, including household, food and pharmaceutical, paper, packaging, automotive, construction, and environmental. |
Financial Overview |
For the three months ended 31 March 2024, Minerals Technologies Inc revenues decreased 2% to $534.5M. Net income increased 26% to $46.7M. Revenues reflect Engineered Solutions segment decrease of 5% to $237.6M, Specialty Minerals segment decrease of less than 1% to $296.9M, United States segment decrease of 4% to $275.1M. Net income reflects Consumer & Specialties segment income increase of 30% to $42M. |
Employees: | 4,027 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $3,215M as of Mar 31, 2024 |
Annual revenue (TTM): | $2,158M as of Mar 31, 2024 |
EBITDA (TTM): | $388.90M as of Mar 31, 2024 |
Net annual income (TTM): | $93.80M as of Mar 31, 2024 |
Free cash flow (TTM): | $160.50M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $681.40M as of Mar 31, 2024 |
Shares outstanding: | 32,248,162 as of Apr 17, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |