MTI Delivers Solid Third Quarter Results

Minerals Technologies Inc (MTI) of New York, NY has reported 2019 consolidated third quarter net income of US$38.0 million on worldwide sales of US$449.3 million versus net income of US$41.9 million on net sales of US$464.1 million in the same period of 2018. Doug Dietrich, MTI’s CEO, said, “We delivered a solid third quarter highlighted...

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Covia Consolidates Production Facilities

Covia Corp of Independence, OH has announced a net income of US$53.8 million for the third quarter ended September 30, 2019 versus a net loss of US$289.0 million in the prior year period. The company’s revenues declined 22%, to US$409.0 million and volume shipments declined 5% to 7.8 million tons. Richard Navarre, Covia’s CEO, said,...

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Carbo Moves Away from Oil & Gas Dependence

Carbo Ceramics Inc of Houston, TX has reported a third quarter net loss of US$29.4 million on revenues of US$43.5 million versus a net loss of US$16.7 million on revenues of US$53.8 million in the same period of 2018. The company expects elimination of frac sand volumes under current contract to result in the idling...

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Vulcan Benefits from Aggregates Strength

Vulcan Materials Co of Birmingham, AL has reported that its third quarter Aggregates net sales increased from US$984 million to US$1.13 billion. The company’s unit aggregates shipments increased from 56 million tons to 61 million tons and the average unit selling price improved from US$13.35/ton to US$14.10/ton. Tom Hill, Vulcan’s CEO, said, “We continued to...

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Livent and LG Chem Ponder Supply Agreement

Livent Corp of Philadelphia, PA has reported revenue in the third quarter of 2019 of US$97.7 million, a decrease of 13% from the prior year quarter. The company reported a third quarter net income of US$18.0 million, down from US$30.0 million in the third quarter of 2018. Revenue was below previous guidance due to lower...

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