Overview

* Minerals Technologies ( MTX ) Q3 revenue of $532 mln beats analyst expectations

* Adjusted EPS for Q3 at $1.55 beats consensus, setting a quarterly record

* Company maintains strong operating margin and cash flow amidst mixed market conditions

Outlook

* Company expects strategic investments to drive growth in Household & Personal Care

* Company notes mixed market conditions but sees growth opportunities

Result Drivers

* HOUSEHOLD & PERSONAL CARE GROWTH - Sales in this product line increased by 2% sequentially, driven by higher volume in cat litter and other consumer products

* ENVIRONMENTAL & INFRASTRUCTURE GROWTH - Sales rose 5% sequentially due to offshore water filtration and infrastructure drilling products

* STRATEGIC INVESTMENTS - Co making strategic investments in Household & Personal Care to drive future growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $532.40 $528.76

mln mln (3

Analysts

)

Q3 Beat $1.55 $1.46 (3

Adjusted Analysts

EPS )

Q3 EPS $1.37

Q3 Net $44.20

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialty chemicals peer group is "buy"

* Wall Street's median 12-month price target for Minerals Technologies Inc ( MTX ) is $84.00, about 26.2% above its October 21 closing price of $62.00

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)