Minerals Technologies swings to Q2 net loss on talc-related litigation charge
MTX•Segment drivers
Engineered Solutions growth — Higher sales in Environmental & Infrastructure and High-Temperature Technologies drove segment growth, supported by demand from steel, foundry, and infrastructure projects.
Consumer & Specialties weakness — Lower sales in high-margin consumer specialty products and higher input costs reduced segment income.
Inflationary cost pressures — The company cited significant inflationary cost increases, especially in Consumer & Specialties, with pricing actions underway to restore margins.
Outlook and margin actions
Minerals Technologies expects mid-single-digit sales growth for the full year.
The company said pricing actions are in place to restore margins in the second half, after citing significant inflationary cost increases, especially in Consumer & Specialties.
Key financial metrics and analyst view
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Miss | $548.40 mln | $558.83 mln (4 Analysts) |
| Q2 Adjusted EPS | Miss | $1.60 | $1.64 (4 Analysts) |
| Q2 Loss Per Share | $5.90 | ||
| Q2 Net Loss | $182.60 mln |
The current average analyst rating on the shares is , with 4 recommendations, no , and no or ratings.
