MTI’s Cost Control Counters Weak Markets

Minerals Technologies Inc (MTI) of New York, NY has reported a fourth quarter 2019 net income of US$29.0 million on sales revenue of US$440.2 million versus US$43.1 million on sales revenue of US$447.5 million in the fourth quarter of 2018. The company notes double digit operating margins across all segments in the fourth quarter and...

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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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Imerys Reports Market Conditions Deteriorating

Imerys SA of France has reported a net income of €64 million (US$71.4 million) for the third quarter of 2019, 20.6% lower than in the corresponding period of 2018 on revenue 6.3% lower at €1.08 billion (US$1.20 billion). For the first nine months of 2019, the company generated a net income of €160 million (US$178...

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MTI Impacted by Slowing Demand

Minerals Technologies Inc (MTI) of New York, NY has reported net income of US$26.6 million on net sales of US$464 million in the second quarter of 2019 compared with US$44.1 million on sales of US$464.7 million in the corresponding quarter of 2018. Douglas Dietrich, MTI’s CEO, said, “Our second quarter results were impacted by slowing...

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Imerys Forecasts Lower Net Income for 2019

Imerys SA of France has reported first half 2019 net income of €158.7 million (US$176.7 million) on revenue of €2.26 billion (US$2.52 billion) compared with €176.4 million (US$196.4 million) on revenue of €2.31 billion (US$2.57 billion) in the first half of 2018. Gilles Michel, Imerys’ CEO, said, “In the second quarter, in a still challenging...

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