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minerals technologies inc (MTX) Key Developments

Minerals Technologies Inc. Presents at KeyBanc Capital Markets Basic Materials & Packaging Conference, Sep-10-2014 11:00 AM

Minerals Technologies Inc. Presents at KeyBanc Capital Markets Basic Materials & Packaging Conference, Sep-10-2014 11:00 AM. Venue: InterContinental Boston, 510 Atlantic Ave., Boston, Massachusetts, United States. Speakers: Douglas T. Dietrich, Chief Financial Officer and Senior Vice President of Finance & Treasury, Joseph C. Muscari, Executive Chairman, Chief Executive Officer and President.

Minerals Technologies Announces an Agreement with Sun Paper Group to Deploy its NewYield(TM) Integrated Process Technology in China

Minerals Technologies Inc. announced that it has signed an agreement with Sun Paper Group to deploy the newly introduced NewYield(TM) Integrated Process Technology at Sun's pulp and paper operations in Shandong Province, China.

Minerals Technologies Inc Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 29, 2014

Minerals Technologies Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 29, 2014. For the quarter, net sales were $421,060,000 against $256,844,000 a year ago. Income from operations was $35,831,000 against $32,379,000 a year ago. Income from continuing operations before tax and equity in earnings was $20,821,000 against $30,907,000 a year ago. Income from continuing operations, net of tax was $17,582,000 against $22,686,000 a year ago. Consolidated net income was $19,373,000 against $17,739,000 a year ago. Net Income attributable to Minerals Technologies Inc. was $18,506,000 against $17,120,000 a year ago. Basic and diluted income from continuing and operations attributable of MTI was $0.48 against $0.63 against a year ago. Net income attributable to MTI common shareholders was $0.53 against $0.45 against a year ago. Cash flow from continuing operations was $92.4 million against $33.9 million a year ago. Capital expenditures were $25.4 million against $13 million a year ago. Free cash flow was $67 million against $20.9 million a year ago. Income from continuing operations attributable to MTI was $16.7 million against $22.4 million a year ago. For the six months ended, net sales were $665,456,000 against $507,357,000 a year ago. Income from operations was $59,415,000 against $60,632,000 a year ago. Income from continuing operations before tax and equity in earnings was $44,095,000 against $59,293,000 a year ago. Income from continuing operations, net of tax was $33,853,000 against $43,026,000 a year ago. Consolidated net income was $35,652,000 against $37,343,000 a year ago. Net Income attributable to Minerals Technologies Inc. was $34,121,000 against $35,876,000 a year ago. Diluted income from continuing and operations attributable of MTI was $093 against $1.18 against a year ago. Net income attributable to MTI common shareholders was $0.98 against $1.02 against a year ago. Cash flow from continuing operations was $107.5 million against $59.9 million a year ago. Capital expenditures were $36.7 million against $21.7 million a year ago. Free cash flow was $70.8 million against $38.2 million a year ago. Income from continuing operations attributable to MTI was $32.3 million against $41.6 million a year ago.

Minerals Technologies Inc. Signs Commercial Agreement with North American Paper Company to Deploy FulFill(R) High Filler Technology

Minerals Technologies Inc. announced that it has signed another commercial agreement with a North American paper company to provide FulFill(R) E-325 at a paper mill that produces woodfree paper. This marks Minerals Technologies' fifth such agreement in North America for the new, high-filler technology. The paper company wishes to remain unnamed for competitive reasons. The company now has 17 agreements with paper mills that have adopted the unique FulFill(R) E-325 technology introduced in late 2010, which provides papermakers significant cost savings in reduced fiber consumption. The FulFill(R) brand allows papermakers to increase loading levels of precipitated calcium carbonate (PCC), which replaces higher cost pulp, and increases PCC usage.

Minerals Technologies Introduces Newyield Integrated Process Technology That Converts Papermaking Waste Product into Useable Filler Pigment

Minerals Technologies Inc. announced that it has introduced NewYield Integrated Process Technology, a breakthrough technology that converts a paper and pulp mill waste stream into a functional pigment for filling paper. NewYield process technology eliminates the cost of environmental disposal and remediation of certain waste streams to papermakers. The specific waste stream produced at paper and pulp mills is most prevalent in developing economies and is dealt with by either sending the waste to a landfill or adding significant equipment to the process. This method is both capital and energy intensive and increases carbon dioxide emissions. By utilizing Minerals Technologies' NewYield(TM) Integrated Process Technology, papermakers can eliminate the costs associated with landfill disposal or energy, and in return will receive a filler pigment that can be used in papermaking.

 

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