Minerals Technologies Inc. reported strong financial results for the full year 2024, with adjusted earnings per share (EPS) of $1.50 for the fourth quarter, surpassing expectations. The company's Q4 profit was $1.68 per share, contributing to a robust annual performance.
For the full year 2024, Minerals Technologies achieved record EBITDA of $406 million, representing 19.2% of sales, and record operating income. The company's full-year EPS increased by 18% year-over-year to $6.15, demonstrating significant earnings growth.
A key highlight was the achievement of a 15% operating margin in 2024, a full year ahead of its stated 2025 target. This performance was supported by productivity savings exceeding 5% across the company, showcasing effective operational excellence and cost control despite a 2.4% decline in full-year revenue to US$2.12 billion.
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