$MTX
MINERALS TECHNOLOGIES INC

2024 Q2 Form 10-Q Financial Statement

#000089101424000039 Filed on April 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $541.2M $534.5M
YoY Change -0.9%
Cost Of Revenue $397.3M $398.6M
YoY Change -6.61%
Gross Profit $143.9M $135.9M
YoY Change 19.22%
Gross Profit Margin 26.59% 25.43%
Selling, General & Admin $53.30M $53.00M
YoY Change 1.91%
% of Gross Profit 37.04% 39.0%
Research & Development $5.800M $5.600M
YoY Change 9.43%
% of Gross Profit 4.03% 4.12%
Depreciation & Amortization $24.00M $23.50M
YoY Change 1.27%
% of Gross Profit 16.68% 17.29%
Operating Expenses $59.10M $58.60M
YoY Change 2.6%
Operating Profit $50.60M $77.30M
YoY Change -19.68%
Interest Expense -$14.90M -$14.90M
YoY Change -204.93%
% of Operating Profit -29.45% -19.28%
Other Income/Expense, Net -$16.00M -$200.0K
YoY Change 4.58%
Pretax Income $34.60M $60.10M
YoY Change -27.46%
Income Tax $15.60M $13.90M
% Of Pretax Income 45.09% 23.13%
Net Earnings $19.70M $46.70M
YoY Change -46.76%
Net Earnings / Revenue 3.64% 8.74%
Basic Earnings Per Share $0.61 $1.45
Diluted Earnings Per Share $0.61 $1.44
COMMON SHARES
Basic Shares Outstanding 32.25M 32.36M
Diluted Shares Outstanding 32.40M 32.40M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $316.4M $320.1M
YoY Change 23.64%
Cash & Equivalents $310.6M $315.7M
Short-Term Investments $5.800M $4.400M
Other Short-Term Assets $59.30M $58.90M
YoY Change -12.54%
Inventory $333.0M $326.0M
Prepaid Expenses
Receivables $405.1M $396.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.114B $1.101B
YoY Change -0.1%
LONG-TERM ASSETS
Property, Plant & Equipment $973.8M $977.0M
YoY Change -7.91%
Goodwill $912.8M $913.1M
YoY Change -0.27%
Intangibles $224.7M $227.6M
YoY Change -6.02%
Long-Term Investments
YoY Change
Other Assets $103.5M $120.1M
YoY Change 4.12%
Total Long-Term Assets $2.232B $2.238B
YoY Change -4.44%
TOTAL ASSETS
Total Short-Term Assets $1.114B $1.101B
Total Long-Term Assets $2.232B $2.238B
Total Assets $3.346B $3.339B
YoY Change -3.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $184.4M $194.7M
YoY Change -18.3%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $69.00M $75.70M
YoY Change -41.82%
Long-Term Debt Due $24.70M $21.40M
YoY Change 70.34%
Total Short-Term Liabilities $453.6M $441.8M
YoY Change -11.58%
LONG-TERM LIABILITIES
Long-Term Debt $897.7M $904.4M
YoY Change -2.92%
Other Long-Term Liabilities $102.5M $154.3M
YoY Change -9.21%
Total Long-Term Liabilities $1.000B $1.059B
YoY Change -3.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $453.6M $441.8M
Total Long-Term Liabilities $1.000B $1.059B
Total Liabilities $1.649B $1.678B
YoY Change -8.04%
SHAREHOLDERS EQUITY
Retained Earnings $2.421B $2.404B
YoY Change 4.33%
Common Stock $522.3M $508.6M
YoY Change 6.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.663B $1.661B
YoY Change
Total Liabilities & Shareholders Equity $3.346B $3.339B
YoY Change -3.03%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $19.70M $46.70M
YoY Change -46.76%
Depreciation, Depletion And Amortization $24.00M $23.50M
YoY Change 1.27%
Cash From Operating Activities $50.10M $55.90M
YoY Change 48.66%
INVESTING ACTIVITIES
Capital Expenditures $20.20M $16.50M
YoY Change -17.21%
Acquisitions
YoY Change
Other Investing Activities -$9.000M -$100.0K
YoY Change 8900.0%
Cash From Investing Activities -$29.20M -$16.60M
YoY Change 18.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $3.600M
YoY Change
Cash From Financing Activities -22.80M -32.00M
YoY Change 147.83%
NET CHANGE
Cash From Operating Activities 50.10M 55.90M
Cash From Investing Activities -29.20M -16.60M
Cash From Financing Activities -22.80M -32.00M
Net Change In Cash -1.900M 7.300M
YoY Change -176.0%
FREE CASH FLOW
Cash From Operating Activities $50.10M $55.90M
Capital Expenditures $20.20M $16.50M
Free Cash Flow $29.90M $39.40M
YoY Change 221.51%

Facts In Submission

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CY2024Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation Gross
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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