MTX

EX-99

2 ex99_1.htm

EXHIBIT 99.1

News Release

Minerals Technologies Inc. Announces 2026 Third Quarter Financial Results

● Sales growth was 4 percent versus prior year and 6 percent year-to-date

●       Earnings per share of $1.37 or $1.53, excluding special items

● Strong cash flow generation, with year-to-date cash flow from operations up 32 percent

●       Hosted 2026 Investor Day, introducing new technologies to support U.S. production of rare earths and critical minerals

● Improved financial flexibility by extending debt maturities and increasing liquidity

●       Increased regular quarterly dividend by 8 percent

NEW YORK, October 29, 2026 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI”), a leading, technology-driven specialty minerals company, today reported earnings per share for the third quarter ended October 4, 2026, of $1.37, or $1.53 excluding special items.

“Our sales growth continued in the third quarter, and we remain on track to achieve mid-single-digit revenue growth for the full year,” said Douglas T. Dietrich, Chairman and Chief Executive Officer. “We also continue to execute on our growth strategy with the recent announcement of two new solutions that target opportunities in rare earths and critical minerals. This demonstrates our ability to extend our core technologies to new applications and deliver continued long-term growth and value creation.”

Third Quarter 2026 Consolidated Results

MTI’s worldwide net sales for the third quarter were $555 million, up 4 percent over the prior year and 1 percent higher sequentially. For the first nine months of 2026, consolidated sales were $1.7 billion, up 6 percent over the prior year.

Reported operating income in the third quarter was $65 million, or $72 million, excluding special items. The reported operating margin was 11.7 percent of sales or 12.9 percent, excluding special items.

Cash flow from operations and free cash flow were strong at $76 million and $52 million, respectively, in the third quarter.

Third Quarter 2026 Segment Results

Consumer & Specialties segment sales were $278 million, up slightly over the prior year and 1 percent higher sequentially. Sales in the Household & Personal Care product line were $131 million and increased 1 percent over the prior year and 6 percent sequentially. The sequential increase in Household & Personal Care sales was driven by higher cat litter volumes in North America and growth in edible oil and renewable fuel purification, personal care, and fabric care. Sales in the Specialty Additives product line were $148 million, flat with prior year and 2 percent lower sequentially.

Segment operating income was $25 million, down 34 percent from the prior year primarily due to higher energy, transportation, and raw material costs that were not fully recovered within the quarter due to the timing of contractual pricing adjustments.

MTI’s Consumer & Specialties segment provides functional components that become part of a variety of consumer and industrial products and touch millions of lives every day. It includes two product lines: Household & Personal Care, which delivers mineral-to-market products for improved performance and enhanced consumer experiences in end markets including cat litter, household and personal care, edible oil and renewable fuel purification, animal health, and agriculture; and Specialty Additives, which offers mineral-based technologies for improved functionality in end markets including paper and packaging, food and pharmaceuticals, sealants and adhesives, paints and coatings, and residential construction.

Engineered Solutions

segment sales were $277 million, up 9 percent over the prior year and 1 percent sequentially. Sales in the High-Temperature Technologies product line were $192 million, up 7 percent over the prior year and 1 percent sequentially. The growth over the prior year was driven by higher sales to steel and foundry customers. In the Environmental & Infrastructure product line, sales were $85 million, up 11 percent over the prior year and 1 percent sequentially. Stronger sales for environmental lining and remediation products, building materials, and infrastructure drilling products drove the increase in sales over the prior year.

Segment operating income was $49 million, up 9 percent over the prior year, and represented an operating margin of 17.6 percent of sales.

MTI’s Engineered Solutions segment provides advanced technologies and solutions designed to improve customers’ manufacturing processes and projects. It includes two product lines: High-Temperature Technologies, which delivers mineral-based blends, technologies, and systems that solve complex challenges in the foundry, steel, and other high-temperature processing industries; and Environmental & Infrastructure, which offers solutions for water treatment, fluid management, building materials, and environmental, remediation, and infrastructure-related projects.

2026 Investor D

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