Fri, Feb 21, 7:08 PM (23 days ago)
**Minerals Technologies Inc. (MTX) 2024 10-K Summary** For the fiscal year ended December 31, 2024, Minerals Technologies Inc. reported revenues of $2,119 million, a 2.4% decrease from 2023, with a net income of $167.1 million, up from $84.1 million. Earnings per share rose to $5.17 from $2.58. Operating income significantly improved to $286.5 million, reflecting operational efficiencies despite litigation expenses related to the Chapter 11 bankruptcy of its subsidiary, BMI Oldco Inc. The company recorded a provision for credit losses of $30 million and a $12.3 million gain from asset sales. The Consumer & Specialties segment generated $1,140.2 million in revenue, while the Engineered Solutions segment contributed $978.3 million. The company continues to focus on strategic growth through innovation and market expansion, particularly in pet care and environmental solutions. Liquidity remains strong, with $337.1 million in cash and equivalents. The company refinanced its debt, extending maturities and increasing its revolving credit facility to $400 million. Risks include ongoing talc-related litigation and economic fluctuations impacting customer demand. The outlook for 2025 emphasizes product innovation and market penetration, aiming for sustainable growth.