Minerals Technologies Inc. reported a second-quarter loss per share of $5.90, driven by a $290 million charge to increase reserves for talc-related claims, while adjusted earnings per share rose 3 percent to $1.60. Worldwide net sales grew 4 percent to $548 million, with the Engineered Solutions segment up 9 percent and Consumer & Specialties down 1 percent. Excluding special items, operating income was $75 million, and the company generated free cash flow of $35.8 million in the quarter. The balance sheet remains solid with an adjusted net leverage ratio of 1.6 times, and the company published its 18th Sustainability Report with new 10-year environmental targets. MTI also announced it will host an Investor Day on September 22, 2026.
Minerals Technologies IncReported a $5.90 loss per share due to a $290 million charge for talc-related claims, though adjusted earnings rose 3%.