Recent Updates — MTX
The Board of Directors declared an 8% increase in the regular quarterly cash dividend on common stock to $0.13 per share. The dividend is payable on December 3, 2026, to stockholders of record at the close of business on November 5, 2026. This marks the fourth consecutive year of dividend increases, reflecting management's confidence in steady cash flow and long-term growth strategy. Minerals Technologies Inc. is a global, technology-driven specialty minerals company that sources, manufactures, sells, and distributes mineral-based products and services.
Minerals Technologies Inc. completed the issuance of $400,000,000 aggregate principal amount of its 7.500% Senior Notes due 2032 on October 13, 2026. The company intends to use the net proceeds from this offering, combined with existing cash reserves, to redeem all outstanding 5.000% senior notes due 2028 and cover transaction fees associated with the new debt issuance and a related credit facility amendment. Concurrently, the firm entered into an amended credit agreement that establishes a new $500,000,000 senior secured revolving credit facility to replace its existing $400,000,000 revolving facility, while maintaining the terms of its existing term loan facility. Minerals Technologies Inc. operates in the specialty chemicals and materials industry, providing performance additives for industrial applications.
Minerals Technologies Inc. priced a $400 million private offering of 7.500% senior notes due 2032 at par on October 1, 2026, with settlement expected on October 13, 2026. The company intends to use the net proceeds, combined with cash on hand, to redeem all outstanding 5.000% senior notes due 2028 and pay transaction fees. Concurrently, Minerals Technologies expects to amend its credit agreement to increase the revolving credit facility size to $500 million and extend its maturity date. The company operates in the specialty minerals industry, sourcing, manufacturing, and distributing mineral-based products for consumer and industrial markets.
Minerals Technologies Inc. announced the commencement of a private offering of $400 million aggregate principal amount of senior notes due 2034 on October 1, 2026. The company intends to use net proceeds from this transaction, combined with existing cash on hand, to redeem all outstanding 5.000% senior notes due 2028 and pay related transaction fees and expenses associated with the concurrent amendment and extension of its revolving credit facility. This debt issuance is subject to market conditions and other customary closing requirements. Minerals Technologies Inc. operates as a global technology-driven specialty minerals company that sources, manufactures, sells, and distributes mineral-based products and services.
Minerals Technologies Inc. reported a second-quarter loss per share of $5.90, driven by a $290 million charge to increase reserves for talc-related litigation and subsidiary bankruptcy costs. Excluding special items, earnings per share were $1.60, up 3 percent year-over-year, while consolidated net sales rose 4 percent to $548 million. The company maintains an adjusted net leverage ratio of 1.6x and declared a quarterly cash dividend of $0.12 per share. Minerals Technologies Inc. operates in the specialty minerals industry, sourcing, manufacturing, and distributing mineral-based products for consumer and industrial markets.
Minerals Technologies Inc. declared a regular quarterly cash dividend of $0.12 per share, payable on September 4, 2026, to shareholders of record as of August 14, 2026. The company is a global, technology-driven specialty minerals company that sources, manufactures, sells, and distributes mineral-based products and services.