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Minerals Technologies earnings beat estimates

5:06 PM MST | January 30, 2014 | Vincent Valk

Minerals Technologies today reported earnings up 3.1% year-on-year (YOY), to $22.6 million, or 65 cts/share on sales up 1%, to $256.6 million. Adjusted earnings, which excluded an insurance settlement, totaled 61 cts/share, ahead of analysts' consensus estimate of 59 cts/share, as reported by Thomson Reuters (New York). Specialty minerals segment sales rose 6% YOY, to $167.1 million, while segment income from operations was up 15%, to $24 million. Sales rose for PCC, processed minerals and talc, as well as for ground calcium carbonate. Higher PCC volumes in...

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