Minerals Technologies Reports Fourth Quarter 2022 Earnings of $0.62 Per Share, or $0.67 Per Share, Excluding Special Items
NEW YORK, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today reported diluted earnings per share of $0.67, excluding special items, for the fourth quarter ended December 31, 2022, compared with $1.25 in the prior year. Reported diluted earnings per share were $0.62 compared with $1.23 in the prior year.
- For the full year 2022, the Company reported earnings per share of $4.88, excluding special items, compared with $5.02 in the prior year.
- “We had a challenging finish to an otherwise strong year, with several acute factors impacting our fourth quarter results.
- Operating income excluding special items was $44.0 million and represented 8.7 percent of sales.
- Segment operating income excluding special items was $19.0 million and operating margin was 7.2 percent of sales.