Minerals Technologies reports growth in earnings, strength in PCC sales

Minerals Technologies reported a 2% increase in net income for the fourth quarter,  to $25.7 million with earnings per share at 50 cts/share—beating analyst estimates of 47 cts/share, as reported by Thomson Reuters. Net sales fell 3% year-on-year (YOY), to $244.2 million, partially because of an unfavorable foreign currency exchange impact of 1%, or $3.1 million. Our refractories and performance minerals product lines have shown significant improvement, and our paper PCC [precipitated calcium carbonate] business continues on a strong growth...

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