Minerals Technologies Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 30, 2020 at 10:01 pm
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Minerals Technologies Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced total revenue was USD 440.2 million compared to USD 447.5 million a year ago. Operating income was USD 47.7 million compared to USD 62.3 million a year ago. Net income was USD 29 million compared to USD 43.1 million a year ago. Basic earnings per share was USD 0.83 compared to USD 1.22 a year ago. For the full year, total revenue was USD 1,791 million compared to USD 1,807.6 million a year ago. Operating income was USD 208.7 million compared to USD 255.9 million a year ago. Net income was USD 132.7 million compared to USD 169 million a year ago. Basic earnings per share was USD 3.79 compared to USD 4.79 a year ago. Diluted earnings per share was USD 3.78 compared to USD 4.75 a year ago.
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 Companyâs 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 customersâ 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.
MINERALS TECHNOLOGIES INC. 
