|Bid||64.94 x 800|
|Ask||65.10 x 1800|
|Day's Range||64.33 - 65.38|
|52 Week Range||57.52 - 79.89|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||12.51|
|Earnings Date||Nov 02, 2022 - Nov 07, 2022|
|Forward Dividend & Yield||0.20 (0.31%)|
|Ex-Dividend Date||Aug 18, 2022|
|1y Target Est||89.50|
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At this time, I'd like to turn the call over to Erik Aldag, head of investor relations for Minerals Technologies. Today's call will be led by chairman and chief executive officer, Doug Dietrich; and chief Financial officer, Matt Garth. Following Doug and Matt's prepared remarks, we'll open it up to questions.
Minerals Technologies (MTX) delivered earnings and revenue surprises of 2.74% and 5.34%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Highlights: Sales of $557 Million, a Record Quarter and Up 22% YoY, or 27% on a Constant Currency Basis, Reflecting Double-Digit Gains in All SegmentsOperating Income of $69 Million, or $74 Million Excluding Special Items, a Record Second Quarter and Up 15% YoYEPS of $1.50 Excluding Special Items, a Record for the Company and Up 16% YoYAcquired Bolt-on European Pet Litter Business (“Concept Pet”)Returned $26M to Shareholders Through Share Repurchases and DividendsPublished 14th Annual Corporate