Try our mobile app
|
EXHIBIT 99.1
|
||||||||||||||||||||||||||||||||||||||||
|
Minerals Technologies Inc. and Subsidiary Companies
|
||||||||||||||||||||||||||||||||||||||||
|
(millions of dollars)
|
||||||||||||||||||||||||||||||||||||||||
|
(unaudited)
|
||||||||||||||||||||||||||||||||||||||||
|
Consolidated Revenue by Operating Segment and Product Line
|
||||||||||||||||||||||||||||||||||||||||
|
Q1 2021
|
Q2 2021
|
Q3 2021
|
Q4 2021
|
FY 2021
|
Q1 2022
|
Q2 2022
|
Q3 2022
|
Q4 2022
|
FY 2022
|
|||||||||||||||||||||||||||||||
|
Household & Personal Care
|
$
|
91.6
|
$
|
82.3
|
$
|
101.9
|
$
|
107.9
|
$
|
383.7
|
$
|
120.4
|
$
|
118.9
|
$
|
118.7
|
$
|
118.2
|
$
|
476.2
|
||||||||||||||||||||
|
Specialty Additives
|
147.8
|
142.7
|
146.9
|
141.5
|
578.9
|
163.1
|
164.3
|
166.0
|
155.1
|
648.4
|
||||||||||||||||||||||||||||||
|
Consumer & Specialties Segment
|
$
|
239.4
|
$
|
225.0
|
$
|
248.8
|
$
|
249.4
|
$
|
962.6
|
$
|
283.5
|
$
|
283.2
|
$
|
284.7
|
$
|
273.3
|
$
|
1,124.6
|
||||||||||||||||||||
|
High-Temperature Technologies
|
$
|
160.5
|
$
|
160.2
|
$
|
153.8
|
$
|
168.2
|
$
|
642.7
|
$
|
169.9
|
$
|
186.7
|
$
|
176.1
|
$
|
169.8
|
$
|
702.5
|
||||||||||||||||||||
|
Environmental & Infrastructure
|
52.7
|
70.4
|
70.6
|
59.3
|
253.0
|
65.7
|
87.1
|
81.1
|
64.5
|
298.4
|
||||||||||||||||||||||||||||||
|
Engineered Solutions Segment
|
$
|
213.2
|
$
|
230.6
|
$
|
224.4
|
$
|
227.5
|
$
|
895.7
|
$
|
235.6
|
$
|
273.8
|
$
|
257.2
|
$
|
234.3
|
$
|
1,000.9
|
||||||||||||||||||||
|
MTI Consolidated Sales
|
$
|
452.6
|
$
|
455.6
|
$
|
473.2
|
$
|
476.9
|
$
|
1,858.3
|
$
|
519.1
|
$
|
557.0
|
$
|
541.9
|
$
|
507.6
|
$
|
2,125.5
|
||||||||||||||||||||
|
Segment Operating Income
|
||||||||||||||||||||||||||||||||||||||||
|
Q1 2021
|
Q2 2021
|
Q3 2021
|
Q4 2021
|
FY 2021
|
Q1 2022
|
Q2 2022
|
Q3 2022
|
Q4 2022
|
FY 2022
|
|||||||||||||||||||||||||||||||
|
Consumer & Specialties Segment
|
$
|
34.0
|
$
|
32.6
|
$
|
29.4
|
$
|
23.5
|
$
|
119.5
|
$
|
31.3
|
$
|
31.6
|
$
|
(0.3
|
)
|
$
|
16.4
|
$
|
79.0
|
|||||||||||||||||||
|
% of Sales
|
14.2
|
%
|
14.5
|
%
|
11.8
|
%
|
9.4
|
%
|
12.4
|
%
|
11.0
|
%
|
11.2
|
%
|
*
|
6.0
|
%
|
7.0
|
%
|
|||||||||||||||||||||
|
Engineered Solutions Segment
|
$
|
28.9
|
$
|
33.8
|
$
|
33.1
|
$
|
31.9
|
$
|
127.7
|
$
|
37.3
|
$
|
41.7
|
$
|
36.4
|
$
|
31.7
|
$
|
147.1
|
||||||||||||||||||||
|
% of Sales
|
13.6
|
%
|
14.7
|
%
|
14.8
|
%
|
14.0
|
%
|
14.3
|
%
|
15.8
|
%
|
15.2
|
%
|
14.2
|
%
|
13.5
|
%
|
14.7
|
%
|
||||||||||||||||||||
|
Unallocated and Other Corporate Expenses
|
$
|
(4.1
|
)
|
$
|
(2.7
|
)
|
$
|
(1.9
|
)
|
$
|
(2.8
|
)
|
$
|
(11.5
|
)
|
$
|
(2.4
|
)
|
$
|
(3.9
|
)
|
$
|
(0.5
|
)
|
$
|
(4.5
|
)
|
$
|
(11.3
|
)
|
||||||||||
|
MTI Consolidated
|
$
|
58.8
|
$
|
63.7
|
$
|
60.6
|
$
|
52.6
|
$
|
235.7
|
$
|
66.2
|
$
|
69.4
|
$
|
35.6
|
$
|
43.6
|
$
|
214.8
|
||||||||||||||||||||
|
% of Sales
|
13.0
|
%
|
14.0
|
%
|
12.8
|
%
|
11.0
|
%
|
12.7
|
%
|
12.8
|
%
|
12.5
|
%
|
6.6
|
%
|
8.6
|
%
|
10.1
|
%
|
||||||||||||||||||||
|
* Percentage not meaningful
|
||||||||||||||||||||||||||||||||||||||||
|
Special Items
|
||||||||||||||||||||||||||||||||||||||||
|
Consumer & Specialties Segment
|
$
|
-
|
$
|
-
|
$
|
1.7
|
$
|
0.6
|
$
|
2.3
|
$
|
1.0
|
$
|
2.0
|
$
|
31.4
|
$
|
0.3
|
$
|
34.7
|
||||||||||||||||||||
|
Engineered Solutions Segment
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||||||||||||
|
Unallocated and Other Corporate Expenses
|
$
|
-
|
$
|
0.4
|
$
|
0.9
|
$
|
1.5
|
$
|
2.7
|
$
|
0.6
|
$
|
2.1
|
$
|
0.2
|
$
|
0.1
|
$
|
3.0
|
||||||||||||||||||||
|
MTI Consolidated
|
$
|
-
|
$
|
0.4
|
$
|
2.6
|
$
|
2.1
|
$
|
5.0
|
$
|
1.6
|
$
|
4.1
|
$
|
31.6
|
$
|
0.4
|
$
|
37.7
|
||||||||||||||||||||
|
To supplement the Company's consolidated financial statements presented in accordance with GAAP, the following is a presentation of the Company's non-GAAP operating
income, excluding special items (set forth in the above table), for all periods presented, constituting a reconciliation to GAAP operating income set forth above. The Company's management believe these non-GAAP measures provide meaningful
supplemental information regarding its performance as inclusion of such special items are not indicative of ongoing operating results and thereby affect the comparability of results between periods. The Company believes inclusion of these
non-GAAP measures also provides consistency in its financial reporting and facilitates investors' understanding of historic operating trends.
|
||||||||||||||||||||||||||||||||||||||||
|
Segment Operating Income, Excluding Special Items
|
||||||||||||||||||||||||||||||||||||||||
|
Q1 2021
|
Q2 2021
|
Q3 2021
|
Q4 2021
|
FY 2021
|
Q1 2022
|
Q2 2022
|
Q3 2022
|
Q4 2022
|
FY 2022
|
|||||||||||||||||||||||||||||||
|
Consumer & Specialties
|
$
|
34.0
|
$
|
32.6
|
$
|
31.1
|
$
|
24.1
|
$
|
121.8
|
$
|
32.3
|
$
|
33.6
|
$
|
31.1
|
$
|
16.7
|
$
|
113.7
|
||||||||||||||||||||
|
% of Sales
|
14.2
|
%
|
14.5
|
%
|
12.5
|
%
|
9.7
|
%
|
12.7
|
%
|
11.4
|
%
|
11.9
|
%
|
10.9
|
%
|
6.1
|
%
|
10.1
|
%
|
||||||||||||||||||||
|
Engineered Solutions
|
$
|
28.9
|
$
|
33.8
|
$
|
33.1
|
$
|
31.9
|
$
|
127.7
|
$
|
37.3
|
$
|
41.7
|
$
|
36.4
|
$
|
31.7
|
$
|
147.1
|
||||||||||||||||||||
|
% of Sales
|
13.6
|
%
|
14.7
|
%
|
14.8
|
%
|
14.0
|
%
|
14.3
|
%
|
15.8
|
%
|
15.2
|
%
|
14.2
|
%
|
13.5
|
%
|
14.7
|
%
|
||||||||||||||||||||
|
Unallocated and Other Corporate Expenses
|
$
|
(4.1
|
)
|
$
|
(2.3
|
)
|
$
|
(1.0
|
)
|
$
|
(1.3
|
)
|
$
|
(8.8
|
)
|
$
|
(1.8
|
)
|
$
|
(1.8
|
)
|
$
|
(0.3
|
)
|
$
|
(4.4
|
)
|
$
|
(8.3
|
)
|
||||||||||
|
MTI Consolidated
|
$
|
58.8
|
$
|
64.1
|
$
|
63.2
|
$
|
54.7
|
$
|
240.7
|
$
|
67.8
|
$
|
73.5
|
$
|
67.2
|
$
|
44.0
|
$
|
252.5
|
||||||||||||||||||||
|
% of Sales
|
13.0
|
%
|
14.1
|
%
|
13.4
|
%
|
11.5
|
%
|
13.0
|
%
|
13.1
|
%
|
13.2
|
%
|
12.4
|
%
|
8.7
|
%
|
11.9
|
%
|
||||||||||||||||||||
