Strong Safety Performance
MTI achieved a world-class safety performance in 2025 — the best in company history — with continued progress toward eliminating workplace injuries.
Full-Year Sales and Profitability
Full year sales of $2.1 billion (roughly flat vs. 2024) with operating income of $287 million and adjusted earnings per share of $5.52 for 2025.
Engineered Solutions Record Performance
Engineered Solutions delivered record operating income of $163 million and record operating margin of 16.7% on full-year sales of $975 million; Q4 sales in the segment grew 2% year-over-year to $245 million.
New Product Adoption and Innovation
Sales of the newest products represented 19% of total sales in 2025 (the highest level on record), demonstrating strong product development and commercialization.
Targeted Growth Investments Driving 2026 Revenue
Investments (cat litter plant upgrades, bleaching earth expansion in Turkey, 3 paper/packaging satellites in Asia, expanded FLUORO-SORB installations) are expected to contribute materially to 2026 — management estimates roughly $50 million of the ~$100 million of expected incremental revenue will flow in 2026 and ~$20 million of pricing benefits.
Pet Litter Momentum
Cat litter sales showed improvement: Q4 pet litter sales rose 8% sequentially and were slightly above prior year; company secured significant new retail business expected to begin ramping in Q2 2026 (management cited ~$25M–$30M of new business wins).
FLUORO-SORB Traction
FLUORO-SORB continued commercialization momentum (full-year sales growth ~20% in 2025), with 10 new water utility installations scheduled in 2026 that will more than double current footprint and hundreds of active trials in the U.S. and Europe.
Prudent Capital Stewardship and Liquidity
Returned $73 million to shareholders (dividends + repurchases), maintain strong balance sheet with >$700 million liquidity and net leverage of 1.7x EBITDA; ~$140 million share repurchase authorization remaining; expecting full-year free cash flow in the 6%–7% of sales range for 2026.
Pricing and Inflation Offset
Selling price increases fully offset inflationary cost pressures in 2025 (including tariff impacts), with management expecting additional pricing (~$20M) to help offset near-term cost pressures in 2026.