MTI Delivers Solid Q3 Financial Performance

Minerals Technologies Inc (MTI) of New York, NY has reported a 6% rise in worldwide net sales in the third quarter of 2017 to US$424 million. Operating income in the quarter was US$66.8 million, down marginally from US$67.3 million in the third quarter of 2016. Doug Dietrich, MTI’s CEO, said, “The company reported a solid...

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U.S. Silica Boosted by Robust Oil & Gas Market

U.S. Silica Holdings of Frederick, MD has reported a third quarter net income of US$41.3 million on revenue of US$345 million versus a net loss of US$11.3 million on revenue of US$137.7 million in the third quarter of 2016. The results were negatively impacted by US$2.4 million in business development-related expenses. The company sold 4.1...

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Fairmount Santrol Relentlessly Implements Efficiency Initiatives

Fairmount Santrol of Chesterland, OH generated third quarter 2017 revenues of US$280.1 million, more than double the US$134.8 million reported for the third quarter of 2016. Net income more than tripled from US$10.5 million to US$34.9 million. The company’s sales volumes of sand in the latest period were 3.4 million tons compared with 2.4 million...

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Compass Minerals International Buoyed by Expansion into South America

Compass Minerals International Inc of Overland Park, KS reports third quarter net earnings of US$32.0 million on sales of US$290.7 million compared with US$9.1 million on sales of US$179.6 million in last year’s third quarter. The increase in sales and earnings was driven the acquisition of Produquimica Industria e Commercio SA which now constitutes the...

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Intrepid to Diversify Income Streams

Intrepid Potash Inc of Denver, CO produced 56,000 tons of potash and sold 77,000 tons in the third quarter of 2017 compared with 52,000 tons of potash produced and 161,000 sold in the third quarter of 2016. The company’s average net realized sales price for potash in the latest quarter was US$232/ton up from US$178/ton...

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