Minerals Technologies Q4 EPS Misses by $0.01, Down From $1.50 Year-Ago

MTXMTX

Minerals Technologies reported Q4 EPS of $1.27, missing the Zacks consensus estimate of $1.28 per share by $0.01. This marks a year-over-year decline from EPS of $1.50 in the prior-year quarter.

1. MTX Q4 Earnings Slightly Below Expectations

Minerals Technologies reported fourth-quarter adjusted earnings of $1.27 per share, falling $0.01 short of the Zacks Consensus Estimate of $1.28. This represents a 15% decline from earnings of $1.50 per share in the same quarter a year prior. The slight miss was driven by softer volumes in its Specialty Minerals segment, where shipment growth slowed to mid-single digits as demand in key end markets remained tepid. Investors will be watching guidance for sequential revenue trends and any cost-control measures the company may implement to restore year-over-year profitability.

Sources

ZGT