Minerals Technologies Inc. revised its first-quarter 2025 revenue outlook downward to $492 million from a previous estimate of $500 million, falling below the consensus of $498.68 million. The company also lowered its Q1 operating income guidance to $63 million, excluding special charges, from an earlier projection of $70 million.
This revision was attributed to slower demand conditions experienced in January that extended longer than anticipated, impacting volumes throughout the quarter. Customers adjusted inventory levels and shifted order patterns amid economic uncertainty, leading to proactive measures by MTI to address higher operating costs.
In a separate but significant development, Minerals Technologies recorded a $215 million provision to establish a reserve for estimated costs related to its subsidiary BMI OldCo's Chapter 11 case. This provision is intended to fund a trust for current and future talc-related claims and associated litigation costs, including $30 million in additional debtor-in-possession financing.
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