Minerals Technologies (MTX) Q2 2026 earnings summary

Executive summary

• Q2 2026 sales reached $548.4 million, up 4% year-over-year, with H1 sales up 7%, driven by growth initiatives and strong performance in Engineered Solutions and select international markets.

• Adjusted EPS for Q2 was $1.60, up 3% year-over-year, but a $290 million litigation reserve charge resulted in a reported net loss of $183.6 million, or $(5.90) per share.

• Operating income for Q2 was $75 million excluding special items, but a consolidated operating loss of $220 million was reported due to the litigation charge.

• Strong cash flow and liquidity were maintained, with free cash flow of $35.8 million in Q2 and cash and equivalents of $346.2 million.

• Published the 18th Sustainability Report, achieving prior environmental targets and setting new 10-year goals.

Financial highlights

• Q2 2026 net sales: $548.4 million (+4% YoY); H1 2026 net sales: $1,095.3 million (+7% YoY).

• Q2 2026 operating income: $75 million excluding special items; adjusted EBITDA margin: 18.1%.

• Q2 2026 net loss: $183.6 million, driven by a $290 million litigation accrual.

• Free cash flow for Q2: $35.8 million; H1: $44.8 million; cash from operations for H1: $95.1 million.

• Adjusted net leverage ratio improved to 1.6x EBITDA.

Outlook and guidance

• Q3 2026 sales expected at ~$550 million (+4% YoY), with operating income of ~$75 million and EPS of $1.55–$1.60.

• Full-year sales growth expected in the mid-single-digit range, with margin recovery anticipated in the second half as pricing actions take effect.

• Both Consumer & Specialties and Engineered Solutions segments guided to 3%-5% sales growth in Q3.

• Continued strong demand expected in steel, Environmental & Infrastructure, and cat litter markets.