Minerals Technologies Inc. (MTX) is a technology-driven specialty minerals company that develops, produces, and markets a broad range of mineral and mineral-based products, related systems, and services. The company serves a wide range of consumer and industrial markets globally, including household and personal care, paper and packaging, food and pharmaceutical, automotive, construction, steel and foundry, and environmental and infrastructure. MTX's operations are divided into two main segments, each contributing significantly to its overall business activities.
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Consumer & Specialties - Provides mineral-to-market finished products and specialty mineral-based solutions essential for consumer-driven end markets.
- Household & Personal Care: Offers mineral-to-shelf products for pet care, personal and household care, fluid purification, and other consumer-oriented markets.
- Specialty Additives: Supplies specialty mineral additives to various consumer and industrial markets, including paper, packaging, construction, automotive, food, and pharmaceuticals.
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Engineered Solutions - Serves industrial end markets with engineered systems, mineral blends, and technologies designed to improve manufacturing processes and projects.
- High-Temperature Technologies: Combines mineral-based blends, technologies, and systems for industries such as foundry, steel, glass, aluminum, and other high-temperature processing sectors.
- Environmental & Infrastructure: Provides environmental and remediation solutions, including geosynthetic clay lining systems, water remediation technologies, drilling products, and infrastructure-related solutions.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Douglas T. Dietrich ExecutiveBoard | Chief Executive Officer | Douglas T. Dietrich has been the Chief Executive Officer of Minerals Technologies Inc. since December 2016 , and was elected Chairman of the Board in March 2021. Prior to these roles, he served as Senior Vice President, Finance and Treasury, and Chief Financial Officer beginning in January 2011. | View Report → | |
Brett Argirakis Executive | Group President, Engineered Solutions | Brett Argirakis is the Group President, Engineered Solutions at MTX, appointed in January 2023. He has been with the company since 1987 and has held several leadership roles, including Senior Vice President and Managing Director, which underscores his extensive experience at MTX. | ||
D.J. Monagle Executive | Group President, Consumer & Specialties | D.J. Monagle III has been Group President, Consumer & Specialties at MTX since January 2023. He started with the company in January 2003, holding several senior roles prior to his current position. | ||
Erik C. Aldag Executive | Senior Vice President, Finance and Treasury, and Chief Financial Officer | Erik C. Aldag is Senior Vice President, Finance and Treasury, and Chief Financial Officer at MTX since November 2022, previously served as Director of Financial Analysis and Planning starting in 2017 and took on Investor Relations responsibilities in 2020. | ||
Erin N. Cutler Executive | Vice President, Human Resources | Erin N. Cutler has been the Vice President, Human Resources at MTX since August 2020. She joined MTX in July 2015 as Director, Talent Management and previously held roles at Pratt Industries. | ||
Jonathan J. Hastings Executive | Senior Vice President, Strategy and M&A | Jonathan J. Hastings serves as Senior Vice President, Strategy and M&A at MTX since January 2023. He has previously held roles including Group President, Performance Materials and positions in Corporate Development at the company. | ||
Michael A. Cipolla Executive | Vice President, Corporate Controller, and Chief Accounting Officer | Michael A. Cipolla has been serving as Vice President, Corporate Controller, and Chief Accounting Officer at MTX since July 2003, previously holding the roles of Corporate Controller and Chief Accounting Officer (1998-2003) and Assistant Corporate Controller (1992-1998). | ||
Timothy J. Jordan Executive | Vice President, General Counsel, Secretary, and Chief Compliance Officer | Timothy J. Jordan has served as Vice President, General Counsel, Secretary, and Chief Compliance Officer at Minerals Technologies Inc. since January 2023. He has global expertise in managing legal and compliance matters and previously specialized in cross-border transactions as an antitrust/M&A specialist in the EMEA region. | ||
Alison A. Deans Board | Director | Independent Consultant | Alison A. Deans has been a Director at Minerals Technologies Inc. (MTX) since 2019, serving on the Corporate Governance and Nominating Committee and the Compensation Committee. Previously, she held executive roles as Chief Investment Officer at CRT and Lehman Brothers/Neuberger Berman, and served as CFO of Commercial Banking at BankOne. | |
Carolyn K. Pittman Board | Independent Director | Carolyn K. Pittman has been an independent director at Minerals Technologies Inc. (MTX) since 2017, serving on the Audit Committee and the Corporate Governance and Nominating Committee. Previously, she held senior financial roles at Maxar Technologies, Huntington Ingalls Newport News Shipbuilding, and Northrop Grumman Corporation. | ||
Franklin L. Feder Board | Director | Companhia Brasileira de Aluminio; Prumo Logistica S.A.; Advisory Board of Prada | Franklin L. Feder has served as a Director at MTX since 2017 and is a member of the Audit and Compensation Committees. He brings extensive financial and international experience from prior roles at Alcoa and has served on boards at PACCAR and other organizations. | |
John J. Carmola Board | Director | John J. Carmola is the Director at MTX since 2013 and serves as the Chairperson of the Compensation Committee as well as a member of the Audit Committee. He previously held key leadership roles at Goodrich Corporation, United Technologies, and General Electric. | ||
Joseph C. Breunig Board | Director | President of OrthoLite Cirql, LLC | Joseph C. Breunig has served as a director at MTX since 2014 and is the Chairperson of the Corporate Governance and Nominating Committee, in addition to being a member of the Compensation Committee. He also has significant experience in the chemical industry with previous executive roles, demonstrating his operational expertise. | |
Kristina M. Johnson Board | Director | Cisco Systems, Inc.; DuPont de Nemours, Inc. | Kristina M. Johnson currently serves as a Director at MTX since May 13, 2024. She has a distinguished background in academia, government, and industry, having served as President of The Ohio State University and Chancellor of the State University of New York. | |
Marc E. Robinson Board | Director | Marc E. Robinson has been a director at MTX since 2012 serving as the Chairperson of the Audit Committee. He has an extensive leadership background with roles such as Senior Vice President at CVS Health and Aetna, Managing Director at PwC Strategy&, and other senior advisory positions. | ||
Robert L. Clark Board | Lead Independent Director | Robert L. Clark has served as MTX's Lead Independent Director since March 2021 and as a Director since 2010. He boasts a distinguished academic and research career with senior roles at Duke University and the University of Rochester. | ||
Rocky Motwani Board | Director | CEO of Cyphlens | Rocky Motwani has served as a Director at MTX since 2022. He is an independent board member with significant leadership experience, including serving as CEO of Cyphlens since January 2022, and holding senior financial roles at J.P. Morgan and Jiko Group. |
- Considering the $215 million provision for BMI OldCo’s talc litigation and the inherent uncertainties in the Chapter 11 process, what additional safeguards or contingency plans does management have if actual costs exceed current estimates?
- Given the muted first-quarter organic top-line growth amid shifting customer order patterns and tariff uncertainties, how will management adjust its strategy to maintain the mid-single-digit growth target for the rest of 2025?
- With operating margins pressured by higher energy, transportation, and tariff-related costs—as well as unfavorable volume and mix impacts—what specific actions will management take to restore margins to the 15% target in the near term?
- The PFAS remediation business is showing strong trial growth and a significant contract win, yet conversion to full-scale deployments remains uncertain; how is management mitigating the risk of prolonged trial periods and ensuring robust pipeline conversion?
- In light of the volatility observed in the Household and Personal Care segment, what targeted initiatives are being implemented to stabilize customer demand and reduce the impact of shifting order patterns in this key growth area?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Concept Pet Heimtierprodukte GmbH | 2022 | The acquisition was completed on April 29, 2022, at a purchase price of $28.0 million (with a net fair value of $22.3 million) funded by cash on hand, and included key assets like $9.2 million in goodwill and $4.3 million in intangible assets as well as assuming $1.9 million in long-term debt to support the expansion of the European pet care business. |
Northdown Industries Inc. | 2021 | The documents offer limited details; Northdown Industries Inc. was acquired on July 26, 2021, and later included as a participating employer effective January 1, 2022, through an amendment to the Savings and Investment Plan, with no specific deal value or additional strategic details provided. |
Recent press releases and 8-K filings for MTX.
- Minerals Technologies Inc. reported strong second-quarter 2025 earnings, with net income rising to $45.4 million and adjusted earnings per share reaching $1.55, beating analyst expectations by $0.14.
- Despite the earnings growth, revenue declined 2% year-over-year to $528.9 million, slightly missing estimates, amidst challenging market conditions and softer demand.
- The company improved its operating margin by 200 basis points to 14.9% and generated $63 million in cash flow from operations.
- Minerals Technologies returned $22 million to shareholders through stock repurchases and dividends in Q2 2025.
- Minerals Technologies Inc. (MTX) reported Q1 2025 sales of $492 million, operating income of $63 million, and diluted earnings per share of $1.14. These figures represent an 8% decrease in sales and a 23% decrease in EPS compared to Q1 2024.
- The Q1 2025 performance was impacted by abnormally slow January and February due to customer order changes and destocking activities, leading to lower volumes, unfavorable product mix, and higher costs.
- A provision for litigation reserve of $215.0 million was established in Q1 2025 related to the BMI OldCo Chapter 11 case, significantly impacting reported net income.
- For Q2 2025, MTX projects sales between $520 million and $535 million, operating income of approximately $75 million, and earnings per share of approximately $1.40.
- Minerals Technologies Inc. (MTX) reported a loss per share of $4.51 for the first quarter ended March 30, 2025, primarily due to the establishment of a $215 million reserve for estimated costs related to talc-related claims and its subsidiary BMI OldCo's Chapter 11 case.
- Worldwide net sales for Q1 2025 were $492 million, an 8 percent decrease compared to the prior year, driven by softer demand conditions and customer destocking in both segments.
- Excluding special items, the company's earnings were $1.14 per share.
- MTI initiated a $10 million annualized cost savings program, primarily through workforce reductions, and recorded a $5.5 million charge for associated costs in Q1 2025.
- Management noted a significant improvement in sales in March, with expectations for this trend to continue through the second quarter.
- Minerals Technologies Inc. (MTI) recorded a provision of $215 million for estimated costs to fund a trust to resolve talc-related claims and cover BMI OldCo's Chapter 11 case and related litigation costs, including $30 million in additional debtor-in-possession financing.
- The company announced preliminary first quarter 2025 sales of $492 million and operating income of $63 million (excluding special charges), which is below its guidance of $500 million in sales and $70 million in operating income.
- The lower preliminary results were attributed to slower demand conditions and customers adjusting inventory levels due to economic uncertainty, though sales improved significantly in March and are expected to lead to a stronger second quarter.
- MTI initiated a cost savings program, primarily through workforce reductions, expecting $10 million in annualized savings and recording a $5.5 million restructuring charge.