Minerals Technologies (MTX) Q3 2026 earnings summary

Executive summary

• Q3 sales rose 4% YoY to $554.9M; nine-month sales increased 6% to $1.65B, with full-year revenue growth on track for the mid-single digits.

• Q3 adjusted operating income was $71.5M and adjusted EPS was $1.53; reported operating income was $64.8M and reported diluted EPS was $1.37.

• Engineered Solutions grew, while Consumer & Specialties earnings were pressured by higher input costs and delayed contractual price recovery.

• A $290M Q2 talc-related provision contributed to a nine-month reported net loss of $104.7M.

Financial highlights

• Q3 adjusted operating income was $71.5M, down 9% YoY; adjusted net income was $47.8M and adjusted diluted EPS was $1.53 versus $48.6M and $1.55.

• Q3 operating cash flow was $75.9M and free cash flow was $51.9M; nine-month totals were $171.0M and $96.7M.

• Q3 adjusted EBITDA was $95.3M, or 17.2% of sales, versus $100.3M and 18.8% a year earlier.

• Q3 production margin was $129.2M, down 6% YoY, as cost of goods sold rose 8% to $425.7M.

Outlook and guidance

• Full-year revenue growth remained on track for the mid-single digits; mid-single-digit growth is also expected through 2027.

• Q4 guidance: sales ~$525M, operating income $60M–$63M and EPS $1.15–$1.20; income and EPS guidance exclude special items.

• Q4 Consumer & Specialties sales are expected to be similar sequentially; Engineered Solutions sales are expected to decline ~10% on seasonality.

• Five-year targets include 5% revenue CAGR, 15% operating margin, FCF equal to 7% of sales and ~12% ROIC.

• Assuming costs stabilize in Q1, operating margin is expected to reach 14%+ in Q2 2027 and a 14.5%–15% run rate in H2.