MINERALS TECHNOLOGIES INC 8K

Minerals Technologies Inc. reported Q2 2026 results marked by a large $290 million talc-related litigation reserve charge causing a GAAP loss, while underlying operations showed higher sales and earnings, alongside new sustainability targets and an upcoming September 22, 2026 Investor Day.

Minerals Technologies Inc. reported its financial results for the second quarter ended July 5, 2026, disclosing a GAAP loss per share of $5.90 driven primarily by a $290 million charge to increase its reserve for estimated costs to fund a trust to resolve all current and future talc-related claims and to fund the Chapter 11 cases of subsidiary BMI OldCo Inc. and affiliated debtors, while underlying performance excluding special items showed earnings per share of $1.60, 4% year-over-year sales growth to $548 million, strong cash flow and an adjusted net leverage ratio of 1.6x. The company provided detailed segment results for its Consumer Specialties and Engineered Solutions businesses, highlighted the publication of its 18th annual Sustainability Report with new 10-year environmental targets through 2035 and achievement of prior environmental goals, and announced plans to host an Investor Day on September 22, 2026 in Bethlehem, Pennsylvania, along with a July 31, 2026 earnings conference call and webcast.

Filing Facts

CIK

891014

Ticker

-

Form

8K

Source Type

sec

Accession

0000891014-26-000164

Alert Tier

7