Revenue: As of FY2026 Q2, the actual value is USD 548.4 M, missing the estimate of USD 558.7 M.

EPS: As of FY2026 Q2, the actual value is USD -5.9, missing the estimate of USD 1.64.

EBIT: As of FY2026 Q2, the actual value is USD -219.2 M.

Consolidated Financial Performance

Minerals Technologies Inc. reported an operating loss of - $220.3 million in the second quarter of 2026, compared to $74.6 million in the prior year quarter. Excluding special items, operating income was $75 million for the quarter. The reported operating loss for the first half of 2026 was - $161.6 million. Net income attributable to Minerals Technologies Inc. was - $183.6 million for the second quarter and - $147.4 million for the first half of 2026. Excluding special items, net income attributable to Minerals Technologies Inc. was $49.8 million for the second quarter and $92.6 million for the first half of 2026. Production margin for the second quarter was $133.8 million, representing a -2% decrease compared to the prior year. Marketing and administrative expenses were $53.3 million, up 2% year-over-year. Research and development expenses were $5.9 million, a 4% increase over the prior year. Litigation expenses were $4.9 million for the second quarter and $13.7 million for the first half of 2026. Interest expense, net, was - $12.1 million for the second quarter and - $25.4 million for the first half of 2026. Other non-operating income (deductions), net, was $1.1 million for the second quarter and $1.6 million for the first half of 2026. The provision (benefit) for taxes on income was - $46.2 million for the second quarter and - $36.3 million for the first half of 2026. Equity in earnings of affiliates, net of tax, was $2.5 million for the second quarter and $3.8 million for the first half of 2026. Net income attributable to non-controlling interests was $1.0 million for the second quarter and $2.1 million for the first half of 2026.

Segment Performance

Consumer & Specialties Segment

Segment reported operating income was $29 million, down 21% excluding special items, due to unfavorable volume mix and higher energy, transportation, and raw material costs. The operating margin for this segment was 10.7%.

Engineered Solutions Segment

Segment reported operating income was $49 million, up 12% excluding special items, achieving a record operating margin of 17.8% of sales.

Cash Flow

Cash flow from operations was $63.0 million for the second quarter and $95.1 million for the first half of 2026. Capital expenditures were $27.2 million for the second quarter and $50.3 million for the first half of 2026. Free cash flow was $35.8 million for the second quarter and $44.8 million for the first half of 2026.

Balance Sheet Highlights (as of July 5, 2026)

Cash & cash equivalents totaled $342.2 million. Total current assets were $1,183.7 million. Net property, plant, and equipment stood at $1,032.9 million. Total assets were $3,495.2 million. Total current liabilities were $828.5 million, with long-term debt at $952.9 million. Total liabilities amounted to $1,918.4 million. Total Minerals Technologies Inc. shareholders’ equity was $1,544.9 million.

Other Key Metrics

Adjusted EBITDA was $99.2 million for the second quarter and $192.1 million for the first half of 2026. The adjusted net leverage ratio was 1.6x as of July 5, 2026.

Outlook / Guidance

Minerals Technologies Inc. is on track for mid-single digit growth for the full year and anticipates meeting its full-year revenue targets. The company has implemented pricing actions to restore margins during the latter half of the year, addressing temporary impacts from inflationary cost increases.