in this issue
People & Business :: Earnings/Finance
Minerals Technologies earnings rise 4%
11:35 AM MDT | April 26, 2013 | Vincent Valk
Minerals Technologies today reported first-quarter net income up 4% year-on-year (YOY), to $18.8 million, on sales down 2%, to $251.3 million. Earnings totaled 53 cts/share, slightly ahead of analysts’ consensus of 51 cts/share, as reported by Thomson Reuters (New York). Foreign exchange rates and fewer selling days in the quarter negatively impacted sales, the company says. Specialty minerals segment sales were flat YOY, at $167.7 million, while segment operating income was up 12%, to $22.2 million. Higher pricing and increased activity in Asia...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee