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Minerals Technologies beats estimates

4:30 PM MDT | August 7, 2014 | Vincent Valk

Minerals Technologies (MTI) today reported net income up 8% year-on-year (YOY), to $18.5 million, on sales up 45%, to $372.5 million. Excluding special items, such as charges related to the acquisition of Amcol, adjusted earnings totaled 94 cts/share, up 49% YOY, and well ahead of analysts’ consensus estimate of 74 cts/share, as reported by Thomson Reuters (New York). "Minerals Technologies posted strong financial performance in the second quarter with solid contributions from all five segments, as well as the synergies gained in the first 52 days of...

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