$MTX
MINERALS TECHNOLOGIES INC

2024 Q3 Form 10-Q Financial Statement

#000089101424000089 Filed on July 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $524.7M $541.2M
YoY Change -4.86% -0.9%
Cost Of Revenue $389.5M $397.3M
YoY Change -8.03% -6.61%
Gross Profit $135.2M $143.9M
YoY Change 5.63% 19.22%
Gross Profit Margin 25.77% 26.59%
Selling, General & Admin $50.10M $53.30M
YoY Change -3.28% 1.91%
% of Gross Profit 37.06% 37.04%
Research & Development $5.900M $5.800M
YoY Change 5.36% 9.43%
% of Gross Profit 4.36% 4.03%
Depreciation & Amortization $23.10M $24.00M
YoY Change -1.7% 1.27%
% of Gross Profit 17.09% 16.68%
Operating Expenses $56.00M $59.10M
YoY Change -2.44% 2.6%
Operating Profit $76.60M $50.60M
YoY Change 8.5% -19.68%
Interest Expense -$14.00M -$14.90M
YoY Change -3.45% -204.93%
% of Operating Profit -18.28% -29.45%
Other Income/Expense, Net -$17.10M -$16.00M
YoY Change 1121.43% 4.58%
Pretax Income $59.50M $34.60M
YoY Change 75.0% -27.46%
Income Tax $13.70M $15.60M
% Of Pretax Income 23.03% 45.09%
Net Earnings $46.70M $19.70M
YoY Change 75.56% -46.76%
Net Earnings / Revenue 8.9% 3.64%
Basic Earnings Per Share $1.45 $0.61
Diluted Earnings Per Share $1.45 $0.61
COMMON SHARES
Basic Shares Outstanding 32.17M 32.25M
Diluted Shares Outstanding 32.30M 32.40M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $324.5M $316.4M
YoY Change 27.06% 23.64%
Cash & Equivalents $317.1M $310.6M
Short-Term Investments $7.400M $5.800M
Other Short-Term Assets $61.60M $59.30M
YoY Change 23.45% -12.54%
Inventory $342.2M $333.0M
Prepaid Expenses
Receivables $412.5M $405.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.141B $1.114B
YoY Change 5.65% -0.1%
LONG-TERM ASSETS
Property, Plant & Equipment $993.7M $973.8M
YoY Change -5.42% -7.91%
Goodwill $914.3M $912.8M
YoY Change 0.0% -0.27%
Intangibles $222.1M $224.7M
YoY Change -5.85% -6.02%
Long-Term Investments
YoY Change
Other Assets $105.3M $103.5M
YoY Change -17.48% 4.12%
Total Long-Term Assets $2.253B $2.232B
YoY Change -3.23% -4.44%
TOTAL ASSETS
Total Short-Term Assets $1.141B $1.114B
Total Long-Term Assets $2.253B $2.232B
Total Assets $3.394B $3.346B
YoY Change -0.42% -3.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $189.8M $184.4M
YoY Change -7.1% -18.3%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $60.00M $69.00M
YoY Change -43.98% -41.82%
Long-Term Debt Due $28.20M $24.70M
YoY Change 94.48% 70.34%
Total Short-Term Liabilities $464.0M $453.6M
YoY Change -1.74% -11.58%
LONG-TERM LIABILITIES
Long-Term Debt $894.7M $897.7M
YoY Change -2.88% -2.92%
Other Long-Term Liabilities $110.3M $102.5M
YoY Change -37.29% -9.21%
Total Long-Term Liabilities $1.005B $1.000B
YoY Change -8.39% -3.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $464.0M $453.6M
Total Long-Term Liabilities $1.005B $1.000B
Total Liabilities $1.649B $1.649B
YoY Change -7.44% -8.04%
SHAREHOLDERS EQUITY
Retained Earnings $2.464B $2.421B
YoY Change 5.08% 4.33%
Common Stock $526.0M $522.3M
YoY Change 6.16% 6.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.706B $1.663B
YoY Change
Total Liabilities & Shareholders Equity $3.394B $3.346B
YoY Change -0.42% -3.03%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $46.70M $19.70M
YoY Change 75.56% -46.76%
Depreciation, Depletion And Amortization $23.10M $24.00M
YoY Change -1.7% 1.27%
Cash From Operating Activities $60.00M $50.10M
YoY Change 31.87% 48.66%
INVESTING ACTIVITIES
Capital Expenditures $24.70M $20.20M
YoY Change 14.88% -17.21%
Acquisitions
YoY Change
Other Investing Activities -$7.100M -$9.000M
YoY Change 129.03% 8900.0%
Cash From Investing Activities -$31.80M -$29.20M
YoY Change 29.27% 18.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -34.80M -22.80M
YoY Change 107.14% 147.83%
NET CHANGE
Cash From Operating Activities 60.00M 50.10M
Cash From Investing Activities -31.80M -29.20M
Cash From Financing Activities -34.80M -22.80M
Net Change In Cash -6.600M -1.900M
YoY Change -260.98% -176.0%
FREE CASH FLOW
Cash From Operating Activities $60.00M $50.10M
Capital Expenditures $24.70M $20.20M
Free Cash Flow $35.30M $29.90M
YoY Change 47.08% 221.51%

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