Minerals Technologies Inc. (NYSE: MTX) reported its financial results for the third quarter ended October 4, 2026, in a press release filed with the SEC on October 29, 2026. The company reported worldwide net sales of $555 million for the quarter, representing a 4 percent increase compared to the prior year and a 1 percent increase sequentially. For the first nine months of 2026, consolidated sales totaled $1.7 billion, up 6 percent over the prior year.
Earnings per share for the quarter were $1.37, or $1.53 when excluding special items. Reported operating income was $65 million, with an operating margin of 11.7 percent of sales. Excluding special items, operating income was $72 million, with a margin of 12.9 percent. The company generated $76 million in cash flow from operations and $52 million in free cash flow during the quarter.
Financial performance was mixed across the company's two reportable segments. The Consumer & Specialties segment recorded sales of $278 million, which was flat with the prior year but 1 percent higher sequentially. However, segment operating income decreased 34 percent from the prior year to $25 million due to higher energy, transportation, and raw material costs that were not fully recovered in the quarter.
In contrast, the Engineered Solutions segment saw sales rise 9 percent year-over-year to $277 million, with segment operating income increasing 9 percent to $49 million and an operating margin of 17.6 percent. Sales growth in this segment was driven by higher volumes for steel and foundry customers, as well as increased demand for environmental lining and remediation products.
On the corporate balance sheet, MTI completed a $400 million private offering of 7.5 percent senior notes due in 2032 on October 13, 2026. The company used the net proceeds to repay $400 million in senior notes maturing in 2028. Additionally, the company amended its credit agreement to increase the revolving credit facility capacity from $400 million to $500 million and extend the maturity to 2031.
Minerals Technologies also announced a dividend increase. On October 21, 2026, the Board of Directors approved an 8 percent increase to the regular quarterly dividend, raising it to $0.13 per share. The dividend is payable on December 3, 2026, to stockholders of record on November 5, 2026.
During an Investor Day held on September 22, 2026, at its R&D facility in Bethlehem, Pennsylvania, the company introduced new technologies targeting the U.S. production of rare earths and critical minerals. Management stated that these new opportunities could generate over $200 million in revenue over the next five years.
