Minerals Technologies Inc. Announces 2025 Third Quarter Financial Results

-- Earnings per Share of $1.37, or $1.55 Excluding Special Items,

Setting a Third Quarter Record --

-- Operating Income of $71 Million, or $78 Million Excluding Special Items --

-- Continued Strong Operating Margin and Cash Flow --

NEW YORK, Oct. 23, 2025 (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 September 28, 2025, of $1.37 or $1.55 excluding special items.

Third Quarter 2025 Consolidated Results

In the third quarter, MTI’s worldwide net sales were $532 million, up 1 percent sequentially and up 1 percent year over year.

Reported operating income was $71 million, or $78 million excluding special items, down 1 percent sequentially and year over year. Operating margin excluding special items was 14.7 percent of sales.

Cash flow from operations was $71 million in the third quarter, and free cash flow was $44 million.

“Amidst ongoing mixed market conditions, we delivered a solid operating performance that resulted in MTI’s highest third quarter earnings per share on record,” said Douglas T. Dietrich, Chairman and Chief Executive Officer. “We have clear opportunities for growth across the entire company, and we are making several strategic investments, particularly in Household & Personal Care, that will contribute to growth in the near- and long-term.”

Third Quarter 2025 Segment Results

Consumer & Specialties segment sales were $277 million, flat sequentially. Sales in the Household & Personal Care product line were $130 million, up 2 percent compared to the prior quarter, driven by increased volume in cat litter and growth in other consumer-oriented products. Sales in the Specialty Additives product line decreased by 2 percent sequentially to $148 million driven by softer residential construction.

Segment operating income was $37 million, flat sequentially, with improved operating margin of 13.5 percent of sales.

MTI’s Consumer & Specialties segment provides technologically enhanced products to consumer-driven end markets, including mineral-to-market household products as well as specialty additives that become functional components in a variety of consumer and industrial goods. The segment includes two product lines, Household & Personal Care and Specialty Additives.

Engineered Solutions segment sales were $255 million, up 2 percent sequentially. Sales in the High-Temperature Technologies product line were $179 million, similar to the prior quarter. Strong volume growth in Asia foundry and refractory equipment sales were partially offset by lower volumes in North America foundry business. In the Environmental & Infrastructure product line, sales increased by 5 percent sequentially to $76 million, driven by an increase in offshore water filtration and services as well as infrastructure drilling products.

Segment operating income was $45 million, a 3 percent improvement over the prior quarter. Operating margin was 17.6 percent of sales, a record for the segment.

MTI’s Engineered Solutions segment provides advanced process technologies and solutions that are designed to improve customers’ manufacturing processes and projects. The segment includes two product lines, High-Temperature Technologies and Environmental & Infrastructure.

MTI will host a conference call tomorrow, October 24, 2025, 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 24, 2025.

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 2024 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 develops, produces, and markets a wide range of minerals and mineral-based products and services. We utilize global mineral reserves with our core technologies and applications to deliver innovative solutions for products that are 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 2024. For further information, visit www.mineralstech.com.

Investor Relations Contact

Lydia Kopylova

lydia.kopylova@mineralstech.com

Media Contact

Stephanie Heise

stephanie.heise@mineralstech.com