MTI Reports Strong Demand for Consumer-Oriented Products

Minerals Technologies Inc (MTI) of New York, NY has reported net income of US$38.6 million on net sales of US$417.5 million in the first quarter of 2020 compared with US$39.1 million on sales of US$437.7 million in the corresponding quarter of 2019. The company notes that COVID-19 impacted its sales by approximately US$7 million, or...

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Livent Sees No Slowing of Automotive Electrification

Livent Corp of Philadelphia, PA has reported a net loss of US$1.9 million on revenue of US$69.0 million for the first quarter of 2020 compared with a net income of US$16.9 million on revenue of US$98.3 million in the same period of 2019. The company states that the results reflect a challenging operating environment for...

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U.S. Silica Delivers Solid First Quarter Performance

U.S. Silica Holdings Inc of Katy, TX has reported a first quarter net loss of US72.3 million on revenue of US$269.6 million versus a net loss of US$19.3 million on revenue of US$378.8 million in the first quarter of 2019. Overall sand tons sold by the company were 4.16 million, a 14% decrease from the...

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Ciner Sets New First Quarter Soda Ash Production Record

Ciner Resources LP of Atlanta, GA has reported a 2020 first quarter net income of US$14.2 million on net sales of US$114.2 million compared with US$25.2 million on sales of US$130.4 million in the first quarter of 2019. Total soda ash production in the quarter was 680,000 tons, a 0.2% increase over the prior year,...

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Martin Marietta Ready to Weather Uncertainty

Martin Marietta Materials Inc of Raleigh, NC reports that its Building Materials business, including aggregates, cement, ready-mix concrete, and paving product lines, generated net sales of US$831.1 million in the first quarter of 2020 compared with US$809.1 million in the same period of 2019. First quarter aggregates shipments and pricing improved 2.3% and 2.7%, respectively,...

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