$MTX (Minerals Technologies Inc.)

$MTX {{ '2016-05-06T17:57:10+0000' | timeago}} • Webcast

$MTX said over the past seven quarters it has made $330MM in debt principal payments and has reduced its net leverage from 4.5x EBITDA to 2.8x at present. The company expects to continue this pace of debt repayment in 2016 and is projecting to be below 2.4x net leverage by the end of the year.

$MTX {{ '2017-10-09T13:22:42+0000' | timeago}} • Announcement

$MTX has elected Franklin Feder to its BoD, effective immediately. Feder most recently served as CEO, Alcoa Latin America & Caribbean from 2000 to 2014.

$MTX {{ '2017-09-21T19:11:23+0000' | timeago}} • Announcement

$MTX BoD has authorized a new, two-year $150MM share repurchase program. This authorization will become effective when the current two-year $150MM program expires on Oct 1, 2017.

$MTX {{ '2017-08-11T17:30:51+0000' | timeago}} • Announcement

$MTX, which provides technologies and products for the mineral industry, appointed Carolyn K Pittman to its BoD, effective immediately. Pittman is currently serving as VP of Finance at Newport News Shipbuilding, a unit of Huntington Ingalls. Earlier, she served as a manager in Northrop Grumman.

$MTX {{ '2017-07-19T14:07:03+0000' | timeago}} • Announcement

$MTX's BoD declared a regular quarterly dividend of $0.05 per share on its common stock. The dividend is payable on Sept. 7, 2017 to stockholders of record on Aug. 25, 2017.

$MTX {{ '2017-05-16T13:15:06+0000' | timeago}} • Announcement

$MTX declared a regular quarterly dividend of $0.05 per share on its common stock. The dividend is payable on June 9, 2017 to stockholders as on May 31, 2017.

$MTX {{ '2017-05-05T12:22:11+0000' | timeago}} • Announcement

$MTX said it repaid $20MM of its term loan debt in 1Q17, for total repayments of $500MM over the past 11 quarters.  Additionally, in the quarter, the company refinanced the floating rate portion of its term loan facility, lowering the interest rate by 75 BP and extending the maturity to 2024.

$MTX {{ '2017-05-05T12:16:58+0000' | timeago}} • Announcement

Specialty minerals maker $MTX reported higher 1Q17 earnings, despite decline in revenues. Net income for the quarter increased 2.06% to $34.6MM or $0.97 per diluted share from $33.9MM or $0.97 per diluted share a year ago. Revenue declined 1.26% to $405MM. Excluding items, $MTX earned $1.07 per share.

$MTX {{ '2017-03-15T14:38:33+0000' | timeago}} • Announcement

$MTX said Gary Castagna has been named Group President, Performance Materials & Construction Technologies. DJ Monagle has been appointed Group President, Specialty Minerals & Refractories. Jon Hastings, SVP, Corporate Development, has been selected to lead an initiative to broaden the organizational structure in China to accelerate growth.

$MTX {{ '2017-01-23T15:06:48+0000' | timeago}} • Announcement

$MTX has elected Matthew E. Garth as Senior Vice President, Finance and Treasury and Chief Financial Officer. Prior to this Garth was associated with Arconic Inc. Under this new role at $MTX, Garth will have global responsibility for Finance, Tax, Treasury, Audit, Information Technology and Global Shared Service Functions.

$MTX {{ '2017-01-19T15:42:17+0000' | timeago}} • Announcement

$MTX said it has elected Brett Argirakis, VP and Managing Director of Minteq International Inc., an officer in the company and a member of the MTI Leadership Council, the company's executive management team. Argirakis will now be responsible for Minteq International Inc., the operating division of the company's Refractories segment.

$MTX {{ '2017-01-18T14:49:51+0000' | timeago}} • Announcement

$MTX's BoD declared a regular quarterly dividend of $0.05 per share on its common stock. The dividend is payable on March 9, 2017 to stockholders of record on Feb. 17, 2017.

$MTX {{ '2016-12-13T15:28:52+0000' | timeago}} • Announcement

$MTX's BoD has elected Douglas T. Dietrich as CEO. He succeeds Joseph C. Muscari, former Chairman and CEO, who passed away on September 3, 2016. The Board had named Mr. Dietrich, who was SVP, Finance & Treasury, and CFO, along with Thomas J. Meek as Interim Co-Chief Executive Officers.

$MTX {{ '2016-11-16T16:01:13+0000' | timeago}} • Announcement

$MTX's BoD declared a regular quarterly dividend of $0.05 per common share. The dividend is payable on Dec. 9, 2016 to stockholders of record on Nov. 28, 2016.

$MTX {{ '2016-11-16T14:23:34+0000' | timeago}} • Announcement

$MTX declared a regular quarterly dividend of $0.05 per share on the company's common stock. The dividend is payable on December 9, 2016 to stockholders of record on November 28, 2016.

$MTX {{ '2016-09-06T12:36:54+0000' | timeago}} • Announcement

$MTX said Chairman and CEO Joseph Muscari died unexpectedly on Sept. 3, 2016. The BoD has elected Director Duane Dunham to succeed Muscari as Chairman of the Board. The Board also hired Douglas Dietrich and Thomas Meek as Interim Co-CEOs. In the coming weeks, the Board will initiate a search for a permanent CEO.

$MTX {{ '2016-08-24T14:58:38+0000' | timeago}} • Announcement

$MTX said it appointed Thomas Stam as VP, MTI and Managing Director of the Construction Technologies business segment. Stam, whose most recent position was SVP of Building Materials and Environment Products, within Construction Technologies segment, will succeed Patrick Carpenter, who is leaving the company to pursue other interests.

$MTX {{ '2016-08-05T19:48:11+0000' | timeago}} • Webcast

For 3Q16, $MTX expects operating income for Specialty Minerals to be $1MM lower than 2Q16 and Performance Materials operating income to remain strong and be at similar level to 2Q16, with continued momentum of Resistex sales and improvements in Building Product sales.

$MTX {{ '2016-08-05T19:43:03+0000' | timeago}} • Webcast

$MTX's 2Q16 operating income, excluding special items, was $70MM vs. $72MM in 2Q15. Operating margins rose 5% to 16.4% of sales despite continued weakness in Energy Services. 1H16 cash flow was $102MM, and free cash flow rose to $71MM from $66MM in 1H15. Debt principal payments were $50MM, totaling $90MM for 1H16.

$MTX {{ '2016-08-05T19:42:47+0000' | timeago}} • Webcast

$MTX said that Construction Technologies business is well positioned to supply its innovative geosynthetic clay liners for multiple production facilities worldwide. Resistex product is seen as the most cost-effective solution to environmental remediation challenges, with proof of its growing preference among major power companies like $AA and $DUK.

$MTX {{ '2016-08-05T19:15:41+0000' | timeago}} • Webcast

Maker of specialty minerals $MTX said that its minerals-based businesses were the primary drivers of 2Q16 results, posting an operating margin of over 18%. The Specialty Minerals segment, which includes PCC, GCC and talc product lines, had operating income of $27.6MM, while Energy Services segment will focus only on filtration & well testing areas.

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