MINERALS TECHNOLOGIES INC MTX Income Statement

Minerals technologies inc (MTX)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'18	Dec'17	Oct'17	Jul'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Statements of Income [Abstract]
Total net sales
417,500	440,200	449,300	463,800	437,700	447,500	464,100	464,700	431,300	432,200	424,400	414,100	405,000	401,300	399,500	427,000	410,200	429,900	451,000	463,400	453,300	516,000	543,500	421,100	244,400	256,687	254,200	256,800	250,513	240,501	247,803	251,358	257,138	239,822	262,192	268,399	262,520	243,315	249,812	255,770	253,457	234,256	208,598
Total cost of sales
310,700	332,500	338,100	351,800	328,000	334,700	344,900	348,800	317,800	317,600	305,200	294,400	291,300	289,900	284,300	305,900	297,500	320,600	332,100	337,200	336,700	383,600	398,500	318,400	189,100	-	194,300	198,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Production margin
106,800	107,700	111,200	112,000	109,700	112,800	119,200	115,900	113,500	114,600	119,200	119,700	113,700	111,400	115,200	121,100	112,700	109,300	118,900	126,200	116,600	132,400	145,000	102,700	55,300	59,117	59,900	58,800	55,883	54,944	55,623	56,796	54,937	54,664	52,910	53,674	52,942	50,602	52,178	55,045	51,368	43,990	32,406
Marketing and administrative expenses
43,400	49,300	46,900	48,400	42,900	43,500	45,400	45,300	44,400	47,900	45,200	43,600	44,000	42,200	42,400	45,100	46,700	44,700	49,900	48,100	47,400	54,700	59,700	46,300	21,500	22,888	21,900	21,600	22,812	22,018	21,953	21,631	22,898	21,820	22,553	23,710	23,129	22,955	22,587	22,592	22,340	24,583	22,591
Research and development expenses
5,100	5,400	5,200	4,900	4,800	5,200	5,000	6,400	6,100	5,900	5,900	6,100	5,800	5,900	5,900	6,100	5,900	5,700	6,200	5,800	5,900	6,400	6,600	6,300	5,100	5,182	5,300	4,800	4,818	5,023	5,105	5,025	5,047	4,841	4,723	4,897	4,869	4,890	4,635	4,928	5,124	5,147	4,364
Amortization expense of intangible assets acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,900	1,000	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition-related transaction and integration costs
-	-	0	0	-	0	300	1,000	400	600	500	800	1,500	2,900	1,900	1,600	1,600	3,300	2,400	2,700	3,400	2,500	4,200	7,300	5,100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation expenses
600	-	5,600	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	37,516
Total restructuring and other items, net
-	-	0	13,200	-	-	300	400	-	14,100	400	200	300	900	-2,300	28,800	900	17,900	10,500	16,800	0	-	5,800	6,000	-	-	0	0	-	-	-	-	-	-881	240	0	230	0	0	13	852	1,443	9,553
Income from operations
57,700	47,700	53,500	45,500	62,000	62,300	68,200	62,800	62,600	46,100	67,200	69,000	62,100	59,500	67,300	39,500	57,600	37,700	49,900	52,800	59,900	42,600	66,800	35,800	23,600	33,547	32,700	32,400	28,253	27,903	28,565	30,140	26,992	28,884	25,394	25,067	24,714	22,757	24,956	27,512	23,052	12,817	-41,618
Interest expense, net
9,300	9,900	11,000	10,900	11,400	12,000	11,700	11,500	10,700	10,900	10,500	10,200	11,800	13,000	13,400	13,900	14,100	15,200	14,500	15,800	15,400	16,800	16,000	8,900	100	-	100	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The debt modification costs and fees.
-	-	-	-	-	-	-	-	-	0	0	0	3,900	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash pension settlement costs during the period.
-	-	0	-	-	-	3,600	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Extinguishment of debt costs and fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-4,500	-	-	0	5,800	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-operating income (deductions), net
600	-2,800	-1,600	-2,400	-1,400	-1,000	-900	3,100	-2,700	-1,500	-2,100	-1,700	-900	-900	-600	600	1,700	-8,100	2,800	-200	3,200	1,400	900	-300	-200	-	-1,100	-1,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-operating deductions, net
-8,700	-12,700	-12,600	-13,300	-12,800	-13,800	-16,200	-8,400	-13,400	-12,400	-12,600	-11,900	-16,600	-13,900	-14,000	-13,300	-12,400	-23,300	-11,700	-20,500	-12,200	-15,400	-15,100	-15,000	-300	-633	-1,200	-1,500	133	-985	-650	-767	-598	701	-1,663	-799	-837	263	-177	535	-49	-709	-3,535
Income from operations before tax and equity in earnings
49,000	35,000	40,900	32,200	49,200	48,500	52,000	54,400	49,200	33,700	54,600	57,100	45,500	45,600	53,300	26,200	45,200	14,400	38,200	32,300	47,700	27,200	51,700	20,800	23,300	32,914	31,500	30,900	28,386	26,918	27,915	29,373	26,394	29,585	23,731	24,268	23,877	23,020	24,779	28,047	23,003	12,108	-45,153
Provision for taxes on income
9,700	5,800	2,600	5,100	9,300	5,100	9,700	10,300	9,300	-42,200	12,100	13,400	10,100	8,600	11,500	4,500	10,700	-3,000	8,400	5,300	12,100	6,000	14,400	3,400	7,000	9,354	8,900	8,200	8,046	7,187	8,245	8,682	7,786	6,989	7,387	7,112	7,187	6,338	7,310	8,414	6,901	2,574	-8,632
Equity in earnings of affiliates, net of tax
300	500	800	500	100	600	600	1,100	1,200	800	400	100	200	500	700	600	300	400	500	500	400	700	300	200	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,600	17,600	-	23,560	22,600	22,700	20,340	-	19,670	20,691	-	-	-	-	-	-	-	-	-	9,534	-36,521
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	1,800	-	-64	0	-5,000	-736	-	-487	-452	-	-	-	-	-	-	-	-	-	279	-3,524
Consolidated net income
39,600	29,700	39,100	27,600	40,000	44,000	42,900	45,200	41,100	76,700	42,900	43,800	35,600	37,500	42,500	22,300	34,800	17,800	30,300	27,500	36,000	22,000	37,800	19,400	16,300	23,496	22,600	17,700	19,604	18,170	19,183	20,239	18,608	20,064	16,344	17,156	16,690	16,682	17,469	19,633	16,102	9,813	-40,045
Less: Net income attributable to non-controlling interests
1,000	700	1,100	1,000	900	900	1,000	1,100	1,200	900	1,200	800	1,000	800	900	1,100	900	800	1,100	900	900	700	800	900	700	952	700	600	848	447	553	524	576	425	656	743	909	843	767	674	733	913	862
Net income attributable to Minerals Technologies Inc.
38,600	29,000	38,000	26,600	39,100	43,100	41,900	44,100	39,900	75,800	41,700	43,000	34,600	36,700	41,600	21,200	33,900	17,000	29,200	26,600	35,100	21,300	37,000	18,500	15,600	22,544	21,900	17,100	18,756	17,723	18,630	19,715	18,032	19,639	15,688	16,413	15,781	15,839	16,702	18,959	15,369	8,900	-40,907
Earnings per share:
Basic:
Income from continuing operations attributable to MTI (in dollars per share)
-	-	-	-	-	-	-	-	-	-	1.18	1.23	-	-	-	-	-	-	0.84	0.77	-	-	1.07	0.48	-	0.66	0.63	0.63	0.56	-	0.54	0.57	-	-	-	-	-	-	-	-	-	0.46	-1.99
Income from discontinued operations attributable to MTI (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.05	-	-0.01	0.00	-0.14	-0.02	-	-0.01	-0.01	-	-	-	-	-	-	-	-	-	0.01	-0.19
Income from operations attributable to Minerals Technologies Inc. (in dollars per share)
1.12	0.83	1.09	0.76	1.11	1.22	1.19	1.25	1.13	-	-	-	0.99	1.05	1.19	0.61	0.97	-	-	-	1.01	0.63	1.07	0.53	0.45	0.65	0.63	0.49	0.54	0.50	0.53	0.56	0.51	-0.77	0.88	0.90	0.86	-0.93	0.90	1.01	0.82	0.47	-2.18
Diluted:
Income from continuing operations attributable to MTI (in dollars per share)
-	-	-	-	-	-	-	-	-	-	1.17	1.21	-	-	-	-	-	-	0.83	0.76	-	-	1.06	0.48	-	0.65	0.63	0.63	0.55	-	0.54	0.57	-	-	-	-	-	-	-	-	-	0.46	-1.99
Income from discontinued operations attributable to MTI (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.05	-	0.00	0.00	-0.14	-0.02	-	-0.01	-0.01	-	-	-	-	-	-	-	-	-	0.01	-0.19
Income from operations attributable to Minerals Technologies Inc. (in dollars per share)
1.12	0.84	1.08	0.75	1.11	1.21	1.18	1.24	1.12	-	-	-	0.97	1.04	1.18	0.60	0.97	-	-	-	1.01	0.61	1.06	0.53	0.45	0.65	0.63	0.49	0.53	0.49	0.53	0.56	0.51	-0.77	0.87	0.90	0.86	-0.94	0.90	1.01	0.82	0.47	-2.18
Cash dividends declared per common share (in dollars per share)
0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.02	0.02	0.02	-	0.05	0.05	0.05	-	0.05	0.05	0.05	0.05	0.05
Shares used in computation of earnings per share:
Basic (in shares)
34,400	34,600	35,000	35,200	35,200	35,200	35,300	35,300	35,400	35,400	35,300	35,100	35,000	35,100	34,900	34,800	34,800	34,700	34,700	34,700	34,700	34,600	34,500	34,500	34,400	34,404	34,600	34,800	34,996	35,036	35,280	35,448	35,436	-	17,928	18,177	18,276	-	18,536	18,700	18	18	18
Diluted (in shares)
34,400	34,700	35,100	35,300	35,300	35,500	35,600	35,600	35,700	35,600	35,600	35,600	35,600	35,500	35,300	35,100	34,900	35,100	35,000	35,000	34,900	34,900	34,800	34,800	34,700	34,847	34,900	35,000	35,253	35,354	35,466	35,580	35,600	-	18,019	18,290	18,415	-	18,600	18,749	18	18	18
Product [Member]
Total net sales
392,300	416,600	423,800	438,000	417,400	427,200	444,900	445,000	412,200	411,100	405,400	396,200	386,300	381,000	379,700	407,000	384,400	396,500	410,100	414,100	394,700	439,900	458,100	372,500	244,400	-	254,200	256,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
294,100	317,300	320,500	334,000	314,000	320,900	332,100	335,300	305,000	303,800	293,000	282,700	279,000	276,900	272,000	291,200	277,600	294,100	302,400	300,600	292,900	329,500	337,800	285,100	189,100	197,570	194,300	198,000	194,630	185,557	192,180	194,562	202,201	185,158	209,282	214,725	209,578	192,713	197,634	200,725	202,089	190,266	176,192
Service [Member]
Total net sales
25,200	23,600	25,500	25,800	20,300	20,300	19,200	19,700	19,100	21,100	19,000	17,900	18,700	20,300	19,800	20,000	25,800	33,400	40,900	49,300	58,600	76,100	85,400	48,600	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
16,600	15,200	17,600	17,800	14,000	13,800	12,800	13,500	12,800	13,800	12,200	11,700	12,300	13,000	12,300	14,700	19,900	26,500	29,700	36,600	43,800	54,100	60,700	33,300	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-