Minerals Technologies Q1 2024 Adj EPS $1.49 Beats $1.28 Estimate, Sales $534.500M Miss $545.550M Estimate
Portfolio Pulse from Benzinga Newsdesk
Minerals Technologies (NYSE:MTX) reported Q1 2024 adjusted EPS of $1.49, surpassing the $1.28 estimate, marking a 30.7% increase from last year. However, sales of $534.5M fell short of the $545.55M estimate, a 2.12% decrease from the previous year.

April 25, 2024 | 9:06 pm
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Minerals Technologies reported a strong Q1 2024 EPS of $1.49, beating estimates, but sales of $534.5M missed expectations.
The positive earnings surprise with a significant beat on the EPS estimate suggests strong operational efficiency and profitability, which is likely to be viewed favorably by investors, potentially leading to a short-term positive impact on MTX's stock price. However, the miss on sales estimates could temper some of the positive sentiment, making the overall impact likely positive but with caution due to mixed financial results.
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