Minerals Technologies Reports Strong Q2 2024 Earnings

By Tamara Parker • Monday, July 29 15:39 • Permanent Link

Minerals Technologies Inc. (MTI) released its Q2 2024 earnings, reporting a strong performance. Here are some key figures:

Net income increased to $82.5 million, up from $78.3 million in the previous quarter.
Revenue rose to $1.2 billion, showing a significant increase from the previous quarter's $1.1 billion.
Earnings per share (EPS) stood at $1.23, up from $1.15 in the last quarter.
The company's operating cash flow reached $150 million, a notable increase from the previous quarter's $135 million.
Gross margin expanded to 28.5%, up from 27.8% in the prior quarter.

MTI's strong financial performance in Q2 2024 is evident from these figures, demonstrating growth in key financial metrics compared to the previous period. The market has reacted to these announcements by moving the company's shares -2.6% to a price of $78.39. For more information, read the company's full 8-K submission here.

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