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Minerals Technologies
(NYSE:MTX)
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Rating:69Neutral
Price Target:
$87.00
▲(19.57% Upside)
Action:Downgraded
Date:06/30/26
MTX scores 69 driven primarily by solid (but somewhat inconsistent) financial performance and constructive price/technical trend. Positive guidance and improving margin/cash flow outlook from the latest earnings call help. The score is held back by mixed cash conversion/earnings consistency and a notable legal overhang from the talc litigation reorganization and related reserve charge; valuation is reasonable but the dividend yield is low.
Positive Factors
Long-term customer contracts & on-site PCC production
Long-term, customer-specific PCC contracts and on-site production create durable revenue visibility and high customer switching costs. These arrangements tie MTX to customers operationally, support steady volumes and predictable cash flows, and act as a structural competitive barrier versus spot sellers.
Negative Factors
Talc litigation reserve and reorganization overhang
A $450M trust and a $290M reserve charge represent a structural capital drain and legal overhang. This materially alters available retained earnings, constrains cash earmarked for growth or buybacks, and keeps major uncertainty around liabilities and potential further funding needs until litigation issues are conclusively resolved.
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Positive Factors
Negative Factors
Long-term customer contracts & on-site PCC production
Long-term, customer-specific PCC contracts and on-site production create durable revenue visibility and high customer switching costs. These arrangements tie MTX to customers operationally, support steady volumes and predictable cash flows, and act as a structural competitive barrier versus spot sellers.
Read all positive factors
Minerals Technologies Key Performance Indicators (KPIs)
Minerals Technologies (MTX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.29B
Dividend Yield0.74%
Average Volume (3M)210.78K
Price to Earnings (P/E)14.3
Beta (1Y)0.93
Revenue Growth2.50%
EPS GrowthN/A
CountryUS
Employees3,891
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)5.17
Shares Outstanding31,008,734
10 Day Avg. Volume210,446
30 Day Avg. Volume210,783
Financial Highlights & Ratios
PEG Ratio0.93
Price to Book (P/B)1.12
Price to Sales (P/S)0.92
P/FCF Ratio22.10
Enterprise Value/Market Cap1.33
Enterprise Value/Revenue1.43
Enterprise Value/Gross Profit5.73
Enterprise Value/Ebitda8.24
Forecast
1Y Price Target
$90.00Price Target Upside23.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)6.27
Revenue Forecast (FY)$2.20B
Minerals Technologies Business Overview & Revenue Model
Company Description
Minerals Technologies Inc. is dedicated to the development, manufacturing, and distribution of a wide array of specialized mineral, mineral-based, and synthetic mineral products, complemented by related systems and services. The company's operatio...
How the Company Makes Money
MTX makes money primarily by manufacturing and selling mineral-based products and, in certain cases, by providing integrated on-site production services tied to customer operations. A major revenue stream is its paper-related business, where MTX s...
Minerals Technologies Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call conveyed a constructive operational and financial picture: broad-based double-digit revenue growth across segments, strong EPS and cash flow improvement, and clear evidence that recent growth investments are ramping and contributing (on track for the $100 million target). Challenges were primarily macro-driven—higher energy and freight costs, some margin timing lags, and soft pockets in residential construction and certain heavy equipment markets—but management has implemented pricing actions, surcharges, and expects to largely offset these headwinds through the year. Given the combination of durable product momentum, a healthy pipeline (notably FLUORO-SORB, cat litter, SAF purification and paper/packaging satellites), improved cash generation and a balanced guidance with potential upside, the overall tone is positive despite manageable near-term inflationary pressures.Positive Updates
Strong Top-Line Growth
Q1 2026 sales of $547 million, up 11% year-over-year and up 5% sequentially; underlying growth excluding favorable FX and extra days estimated at 5%–6%.
Negative Updates
Inflationary Headwinds—Energy and Freight
Rapid increases in energy and freight costs: incurred approximately $5 million of higher costs in Q1 (versus $2–3 million assumed); company forecasts $12 million of higher inflationary costs in Q2 on a YoY basis and expects a temporary ~$3 million operating income impact in Q2 due to pricing lags.
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Q1-2026 Updates
Positive
Negative
Strong Top-Line Growth
Q1 2026 sales of $547 million, up 11% year-over-year and up 5% sequentially; underlying growth excluding favorable FX and extra days estimated at 5%–6%.
Read all positive updates
Company Guidance
The company reiterated mid-single-digit sales growth for full-year 2026, provided Q2 guidance of roughly $560 million in sales (about +6% YoY), ~ $80 million of operating income and EPS of $1.60–1.65, and said Q2 includes ~$12 million of incremental inflationary costs year-over-year with an expected temporary ~$3 million hit to operating income (pricing pass-throughs may lag up to 90 days). Q1 results were sales of $547 million (+11% YoY, +5% sequential), operating income of $68 million excl. special items (+7% YoY), EPS of $1.38 (+21%), cash from operations of $32 million (+$37 million YoY) and capex of $23 million; full-year capex is expected to be $90–100 million (potentially slightly higher), free cash flow targeted at 6–7% of sales, net leverage ~1.7x EBITDA, and management is tracking to ~14% operating margin for the year with >100 bps improvement from H1 to H2 toward a ~15% run rate.Minerals Technologies Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.13B | 2.07B | 2.12B | 2.17B | 2.13B | 1.86B |
| Gross Profit | 529.50M | 506.60M | 535.60M | 494.40M | 452.30M | 435.90M |
| EBITDA | 368.40M | 155.60M | 393.40M | 278.10M | 307.30M | 345.10M |
| Net Income | 161.70M | -18.40M | 167.10M | 84.10M | 122.20M | 164.40M |
Balance Sheet | ||||||
| Total Assets | 3.47B | 3.47B | 3.39B | 3.35B | 3.40B | 3.37B |
| Cash, Cash Equivalents and Short-Term Investments | 321.30M | 332.60M | 337.10M | 321.50M | 252.80M | 304.40M |
| Total Debt | 966.20M | 1.05B | 1.02B | 1.07B | 1.12B | 1.08B |
| Total Liabilities | 1.70B | 1.72B | 1.61B | 1.66B | 1.79B | 1.79B |
| Stockholders Equity | 1.73B | 1.71B | 1.75B | 1.65B | 1.58B | 1.54B |
Cash Flow | ||||||
| Free Cash Flow | 118.30M | 86.60M | 146.90M | 140.10M | 23.40M | 146.40M |
| Operating Cash Flow | 230.20M | 193.70M | 236.40M | 233.60M | 105.70M | 232.40M |
| Investing Cash Flow | -130.40M | -122.80M | -94.50M | -91.70M | -101.60M | -278.60M |
| Financing Cash Flow | -96.50M | -89.30M | -110.40M | -71.70M | -34.10M | 5.60M |
Minerals Technologies Technical Analysis
Neutral
72.76
Price Trends
76.44
Negative
73.43
Positive
67.29
Positive
Market Momentum
-0.06
Positive
40.43
Neutral
20.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTX, the sentiment is Neutral. The current price of 72.76 is below the 20-day moving average (MA) of 76.96, below the 50-day MA of 76.44, and above the 200-day MA of 67.29, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 40.43 is Neutral, neither overbought nor oversold. The STOCH value of 20.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MTX.
Minerals Technologies Risk Analysis
Minerals Technologies disclosed 17 risk factors in its most recent earnings report. Minerals Technologies reported the most risks in the "Ability to Sell" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Minerals Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $2.01B | 17.78 | 8.68% | 2.19% | 0.25% | 325.27% | |
69 Neutral | $2.29B | 14.27 | 9.55% | 0.74% | 2.50% | ― | |
69 Neutral | $3.25B | 40.92 | 30.23% | 1.87% | 4.23% | -6.09% | |
66 Neutral | $2.80B | 556.03 | 0.31% | 1.37% | 6.25% | -94.37% | |
62 Neutral | $3.05B | -4.35 | -37.54% | 2.79% | -7.23% | -594.66% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | $2.52B | -20.74 | -156.14% | ― | -10.27% | 63.55% |
* Basic Materials Sector Average
MTX
Minerals Technologies
73.78
15.25
26.06%
ASH
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66.69
14.78
28.47%
IOSP
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KWR
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161.25
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WDFC
WD-40 Company
241.43
14.31
6.30%
NGVT
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72.58
25.79
55.12%
Minerals Technologies Corporate Events
Business Operations and StrategyFinancial DisclosuresLegal Proceedings
Minerals Technologies Files Talc Litigation Reorganization Plan
Negative
Jun 29, 2026
On June 29, 2026, Minerals Technologies and certain affiliates filed a Plan of Reorganization in the Chapter 11 cases of subsidiaries BMI OldCo Inc. and related debtors in the Southern District of Texas, describing it as a viable and efficient pat...
Dividends
Minerals Technologies Declares Regular Quarterly Cash Dividend
Positive
May 20, 2026
On May 19, 2026, Minerals Technologies Inc.’s Board of Directors declared a regular quarterly cash dividend of $0.12 per share on its outstanding common stock. The dividend is payable on June 18, 2026 to shareholders of record as of June 2, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.