Minerals Technologies Inc. Reports Third Quarter Earnings per Share of $0.95, Ecluding Special Items
(Thomson Reuters ONE) -
Reported Earnings per Share were $0.87
----------
Operating Income was $25.4 Million on Sales of $262.2 Million
----------
Highlights:
· Two new satellite PCC plants to be built in Asia
· Fulfill(TM) E-325 technology to be adopted by two paper mills in Asia
· New talc products for paints and coatings launched
· Cash flow from operations of $36 million in the quarter
NEW YORK, October 27- Minerals Technologies Inc. (NYSE: MTX) today reported
third quarter diluted earnings per common share of $0.95, excluding special
items, compared with $0.90 per share in the same period of 2010. On an as
reported basis, the company earned $0.87 per share. Net income for the quarter
was $15.7 million compared to the $16.7 million in the prior year.
"We achieved solid financial performance in the third quarter," said chairman
and chief executive officer Joseph C. Muscari. "More importantly, we saw
considerable advancement with our two major growth initiatives-geographic
expansion and new product development. We signed agreements for two new
satellite precipitated calcium carbonate (PCC) plants, one in Thailand and the
second in Bangladesh, and two paper mills in Asia have agreed to adopt our
Fulfill(TM) E-325 technology to increase PCC fill rates to reduce the use of
more expensive fiber."
The company recorded a non-cash, special charge of $1.4 million, or $0.08 per
share, related to the cumulative currency translation loss from the sale of its
majority ownership of the company's refractory operations in Korea.
THIRD QUARTER EARNINGS
Year-Over-Year Comparisons
Third quarter worldwide sales were $262.2 million, a 5-percent increase over the
$249.8 million recorded in the same period in 2010. Sales growth was
attributable to price increases in all product lines and the favorable impact of
foreign exchange. Foreign exchange had a favorable impact on sales of
approximately $10.4 million or 4 percentage points of growth. The company
reported income from operations of $25.4 million for the quarter compared to
$25.0 million recorded in the same period of 2010, a 2-percent increase.
Specialty Minerals Segment: PCC & Processed Minerals
Third quarter worldwide sales for the Specialty Minerals segment increased 3
percent to $171.1 million from the $166.1 million recorded in the same quarter
of 2010. Income from operations decreased 2 percent to $19.3 million from $19.7
million in the same period in 2010.
Worldwide sales of PCC, which is used primarily in the manufacturing processes
of the paper industry, increased 4 percent to $142.5 million from $136.8 million
recorded in the third quarter of 2010. Processed Minerals products third quarter
sales decreased 2 percent to $28.6 million from $29.3 million in the same period
last year. Processed Minerals products serve the residential and commercial
construction as well as automotive markets.
Minerals Technologies started operation of its satellite PCC plant in Superior,
Wisconsin, that will service a paper mill owned by NewPage Corporation in nearby
Duluth, Minnesota. This satellite plant will produce up to 70,000 tons of PCC a
year. The company also recently announced two agreements to build satellite PCC
plants in Asia. The first is a consolidated joint venture to build a satellite
PCC plant at a paper mill owned by Double A (1991) Public Company Ltd. in Tha
Toom, Thailand. This satellite plant will produce approximately 80,000 metric
tons of PCC a year and is expected to become operational in the third quarter of
2012. The second satellite plant, which will produce 30,000 tons of PCC and is
expected to become operational in the first quarter of 2013, will service a
paper mill owned by Bashundhara Paper Mills Limited at a paper mill in
Meghnaghat, Bangladesh. The company also saw further commercial penetration of
its Fulfill(TM) technology platform of high filler products by signing
agreements with two paper mills in Asia to provide Fulfill(TM) E-325, one of the
products in that portfolio. In addition, Minerals Technologies signed an
agreement with Nalco Company to distribute Nalco's FillerTEK technology for
paper mills using PCC as a filler in the papermaking process.
In Processed Minerals, the company launched a new product line of low oil-
absorption (LOA) talc products for paints and coatings. The new product,
Talcron® LOA, for such applications as architectural and industrial coatings,
provides excellent scrub resistance and rheology control in low Volatile Organic
Compounds (VOC) paint and coating formulations.
Refractories Segment
Refractories segment sales in the third quarter of 2011 increased 9 percent to
$91.1 million from $83.7 million recorded in the same period in 2010. Foreign
exchange had a favorable impact on sales of 6 percentage points of growth.
Refractory Products sales increased 9 percent to $71.1 million from $65.4
million in the prior year. Sales growth was primarily due to increased selling
prices and the effects of foreign exchange. Metallurgical products sales
increased 9 percent to $20.0 million from $18.3 million recorded in the prior
year. The Refractory segment, which produces products used primarily in the
steel market, recorded operating income, excluding special items, of $7.7
million, a 22-percent increase over the $6.3 million in the third quarter of
2010.
Comparisons to Second Quarter 2011
The company's worldwide sales in the third quarter decreased 2 percent from the
$268.4 million in the second quarter of 2011. Income from operations, excluding
special items, increased 2 percent to $25.6 million over the $25.1 million
recorded in the second quarter. On an as reported basis, income from operations
was $25.4 million.
Specialty Minerals Segment: PCC & Processed Minerals
The Specialty Minerals segment's worldwide sales in the third quarter were down
slightly to $171.1 million from $171.8 million in the prior quarter. Income from
operations increased 4 percent to $19.3 million from $18.6 million in the second
quarter.
Worldwide sales of PCC were $142.5 million, a 2-percent increase from the $140.2
million recorded in the prior quarter. During the second quarter, paper mills
took annual maintenance shutdowns that reduced volumes of PCC.
In Processed Minerals, third quarter sales decreased 9 percent to $28.6 million
from the $31.6 million in the prior quarter due to the seasonal decline in the
company's end markets.
Refractories Segment
In the company's Refractories segment, sales for the third quarter were
$91.1 million, down 6 percent from the $96.6 million recorded in the prior
quarter.
Sales of refractory products and systems were $71.1 million in the third
quarter, 6 percent lower than the second quarter. Of that difference, 2 percent
was due to the deconsolidation of the company's refractory operation in Korea,
which was done to improve profitability. Sales in the metallurgical product line
decreased 6 percent sequentially to $20.0 million from $21.3 million in the
previous quarter. Operating income declined 1 percent to $7.7 million from $7.8
million, excluding special items. On an as reported basis, operating income
declined 4 percent to $7.5 million from the $7.8 million in the second quarter.
During the third quarter, the company repurchased approximately 384,000 shares
as part of its ongoing share repurchase program. This completed the company's
authorization to repurchase up to $75 million that was established by its Board
of Directors in February of 2010. Earlier this year, the Board of Directors
authorized another two-year $75 million repurchase program, which began upon
completion of the prior program.
"We remain on a strong operating performance track, producing
consistent income, strong cash flow, improved operational efficiencies and
record safety performance," said Mr. Muscari. "In addition, our growth
initiatives are moving forward and tracking well against our longer-term
objectives."
----------
Minerals Technologies has scheduled an analyst conference call for Friday,
October 28, 2011 at 11:00 a.m. to discuss operating results for the third
quarter. The conference call will be broadcast over the company's website,
www.mineralstech.com.
####
----------
This press release may contain forward-looking statements, which describe or are
based on current expectations; in particular, statements of anticipated changes
in the business environment in which the company operates and in the company's
future operating results. Actual results may differ materially from these
expectations. In addition, any statements that are not historical fact
(including statements containing the words "believes," "plans," "anticipates,"
"expects," "estimates," and similar expressions) should also be considered to be
forward-looking statements. The company undertakes no obligation to publicly
update any forward-looking statement, whether as a result of new information,
future events, or otherwise. Forward-looking statements in this document should
be evaluated together with the many uncertainties that affect our businesses,
particularly those mentioned in the risk factors and other cautionary statements
in our 2010 Annual Report on Form 10-K and in our other reports filed with the
Securities and Exchange Commission.
####
--------------------------------------------------------------------------------
CONSOLIDATED STATEMENTS OF OPERATIONS
MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
(in thousands, except per share data)
(unaudited)
% %
Quarter Ended Growth Nine Months Ended Growth
----------------------------- ---------------- --------------------- ---------
Oct 2, July 3, Oct 3, Oct 2, Oct 3,
2011 2011 2010 Prior Prior 2011 2010 Prior
Qtr. Year Year
--------- --------- --------- -------- ------- --------- --------- --------
Net sales $ 262,192 $ 268,399 $ 249,812 (2)% 5% $ 793,111 $ 759,039 4%
Cost of goods sold 209,282 214,725 197,634 (3)% 6% 633,585 600,448 6%
--------- --------- --------- -------- ------- --------- --------- --------
Production margin 52,910 53,674 52,178 (1)% 1% 159,526 158,591 1%
Marketing and 22,553 23,710 22,587 (5)% (0)% 69,392 67,519 3%
administrative
expenses
Research and 4,723 4,897 4,635 (4)% 2% 14,489 14,687 (1)%
development expenses
Restructuring and 240 0 0 * * 470 865 (46)%
other charges
--------- --------- --------- -------- ------- --------- --------- --------
Income (loss) from 25,394 25,067 24,956 1% 2% 75,175 75,520 (0)%
operations
Non-operating income (1,663) (799) (177) (108)% * (3,299) 309 *
(deductions) - net
--------- --------- --------- -------- ------- --------- --------- --------
Income (loss) from 23,731 24,268 24,779 (2)% (4)% 71,876 75,829 (5)%
continuing
operations, before
tax
Provision (benefit) 7,387 7,112 7,310 4% 1% 21,686 22,625 (4)%
for taxes on income
(loss)
--------- --------- --------- -------- ------- --------- --------- --------
Consolidated net 16,344 17,156 17,469 (5)% (6)% 50,190 53,204 (6)%
income (loss)
Less: Net income 656 743 767 (12)% (14)% 2,308 2,174 6%
attributable to non-
controlling interests
--------- --------- --------- -------- ------- --------- --------- --------
Net Income $ 15,688 $ 16,413 $ 16,702 (4)% (6)% $ 47,882 $ 51,030 (6)%
(loss) attributable
to Minerals
Technologies Inc.
(MTI)
--------- --------- --------- -------- ------- --------- --------- --------
Weighted average number of common shares outstanding:
Basic 17,928 18,177 18,536 18,128 18,669
Diluted 18,019 18,290 18,600 18,242 18,729
Earnings per share
attributable to MTI:
Basic: $ 0.88 $ 0.90 $ 0.90 (2)% (2)% $ 2.64 $ 2.73 (3)%
--------- --------- --------- -------- ------- --------- --------- --------
Diluted: $ 0.87 0.90 0.90 (3)% (3)% 2.62 2.73 (4)%
--------- --------- --------- -------- ------- --------- --------- --------
Cash dividends $ 0.05 $ 0.05 $ 0.05 $ 0.15 $ 0.15
declared per common
share
--------- --------- --------- --------- ---------
* Percentage not
meaningful
--------------------------------------------------------------------------------
MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
NOTES TO CONSOLIDATED STATEMENTS OF OPERATIONS
1) For comparative purposes, the quarterly periods ended October 2, 2011, July
3, 2011 and October 3, 2010 contain 91 days. The nine month periods ended
October 2, 2011 and October 3, 2010 contain 275 days and 276 days,
respectively.
2) Restructuring and other exit costs
recorded are as follows:
(millions of dollars):
Nine Months
Quarter Ended Ended
----------------------- -----------------
Oct July Oct Oct Oct
2, 3, 3, 2, 3,
2011 2011 2010 2011 2010
------- ------- ------- ------- -------
Restructuring and other
costs
Severance $ 0.2 $ 0.0 $ 0.0 $ (0.3) $ 0.0
and other employee benefits
Other 0.0 0.0 0.0 0.7 0.8
exit costs
------- ------- ------- ------- -------
$ 0.2 $ 0.0 $ 0.0 $ 0.4 $ 0.8
------- ------- ------- ------- -------
In the first quarter of 2011, the Company recorded additional restructuring
costs associated with our PCC merchant facility in Germany. This was
partially offset by reversals of previously recorded liabilities.
In the prior year, the Company recorded early lease termination costs
associated with the announced closures of our satellite facilities in
Franklin, Virginia, and Plymouth, North Carolina.
3) To supplement the Company's consolidated financial statements presented in
accordance with GAAP, the following is a presentation of the Company's non-GAAP
income (loss), excluding special items, for the three month periods ended October
2, 2011, July 3, 2011 and October 3, 2010 and the nine month periods ended October
2, 2011 and October 3, 2010; and a reconciliation to net income (loss) for such
periods. The Company's management believes these non-GAAP measures provide
meaningful supplemental information regarding its performance as inclusion of
such special items are not indicative of the ongoing operating results and thereby
affect the comparability of results between periods. The Company feels inclusion
of these non-GAAP measures also provides consistency in its financial reporting
and facilitates investors' understanding of historic operating trends.
----------------------- -----------------
(millions of dollars) Nine Months
Quarter Ended Ended
----------------------- -----------------
Oct July Oct Oct Oct
2, 3, 3, 2, 3,
2011 2011 2010 2011 2010
------- ------- ------- ------- -------
Net Income attributable to MTI, as $ 15.7 $ 16.4 $ 16.7 $ 47.9 $ 51.0
reported
Special items:
Restructuring and other costs 0.2 0.0 0.0 0.4 0.9
Currency translation loss upon 1.4 0.0 0.0 1.4 0.0
deconsolidation of foreign entity
Gain on sale of previously 0.0 0.0 0.0 0.0 (0.2)
impaired assets
Settlement related to customer 0.0 0.0 0.0 0.0 (0.8)
contract termination
Related tax effects on special (0.1) 0.0 0.0 (0.1) 0.1
items
------- ------- ------- -------
Net income attributable to MTI, $ 17.2 $ 16.4 $ 16.7 $ 49.6 $ 51.0
excluding special items
------- ------- ------- ------- -------
Basic earnings per share, $ 0.96 $ 0.90 $ 0.90 $ 2.74 $ 2.73
excluding special items
Diluted earnings per share, $ 0.95 $ 0.90 $ 0.90 $ 2.72 $ 2.73
excluding special items
4) Free cash flow is defined as cash flow from operations less capital expenditures.
The following is a presentation of the Company's non-GAAP free cash flow for the
quarterly periods ended October 2, 2011, July 3, 2011 and October 3, 2010 and
the nine month periods ended October 2, 2011 and October 3, 2010 and a
reconciliation to cash flow from operations for such periods. The Company's
management believes this non-GAAP measure provides meaningful supplemental
information as management uses this measure to evaluate the Company's ability to
maintain capital assets, satisfy current and future obligations, repurchase stock,
pay dividends and fund future business opportunities. Free cash flow is not a
measure of cash available for discretionary expenditures since the Company has
certain non-discretionary obligations such as debt service that are not deducted
from the measure. The Company's definition of free cash flow may not be
comparable to similarly titled measures reported by other companies.
Nine Months
Quarter Ended Ended
----------------------- -----------------
Oct July Oct Oct Oct
2, 3, 3, 2, 3,
2011 2011 2010 2011 2010
------- ------- ------- ------- -------
Cash flow from operations $ 36.2 $ 37.6 $ 32.6 $ 92.9 $ 108.1
Capital expenditures 15.0 13.8 8.1 36.9 24.1
------- ------- ------- ------- -------
Free cash flow $ 21.2 $ 23.8 $ 24.5 $ 56.0 $ 84.0
------- ------- ------- ------- -------
5) The following table reflects the components of non-operating income and
deductions (millions of dollars):
Quarter Ended Nine Months
Ended
----------------------- -----------------
Oct July Oct Oct Oct
2, 3, 3, 2, 3,
2011 2011 2010 2011 2010
------- ------- ------- ------- -------
Interest income $ 1.1 $ 1.0 $ 0.7 $ 2.9 $ 1.8
Interest expense (0.8) (0.8) (0.9) (2.4) (2.4)
Foreign exchange gains (0.2) (0.8) 0.1 (1.5) 0.5
(losses)
Currency translation (1.4) 0.0 0.0 (1.4) 0.0
loss upon deconsolidation of
foreign entity
Gain on sale of 0.0 0.0 0.0 0.0 0.2
previously impaired assets
Settlement related to 0.0 0.0 0.0 0.0 0.8
customer contract termination
Other deductions (0.4) (0.2) (0.1) (0.9) (0.6)
------- ------- ------- ------- -------
Non-operating $ (1.7) $ (0.8) $ (0.2) $ (3.3) $ 0.3
deductions, net
------- ------- ------- ------- -------
6) The analyst conference call to discuss operating results for the third quarter
is scheduled for Friday, October 28, 2011 at 11:00 am and will be broadcast
over the Company's website (www.mineralstech.com). The broadcast will remain
on the Company's website for no less than one year.
--------------------------------------------------------------------------------
SUPPLEMENTARY DATA
MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
(millions of dollars)
(unaudited)
% %
Quarter Ended Growth Nine Months Ended Growth
--------------------------------- -------- ------- --------------------- --------
SALES DATA Oct 2, July 3, Oct 3, Oct 2, Oct 3,
Prior Prior Prior
2011 2011 2010 Qtr Year 2011 2010 Year
--------- --------- --------- -------- ------- --------- --------- --------
United States $ 140.2 $ 141.2 $ 135.1 (1 )% 4 % $ 420.8 $ 410.2 3 %
International 122.0 127.2 114.7 (4 )% 6 % 372.3 348.8 7 %
--------- --------- --------- -------- ------- --------- --------- --------
Net Sales $ 262.2 $ 268.4 $ 249.8 (2 )% 5 % $ 793.1 $ 759.0 4 %
--------- --------- --------- -------- ------- --------- --------- --------
Paper PCC $ 126.5 $ 123.6 $ 121.7 2 % 4 % $ 379.3 $ 375.6 1 %
Specialty PCC 16.0 16.6 15.1 (4 )% 6 % 48.2 44.7 8 %
--------- --------- --------- -------- ------- --------- --------- --------
PCC Products $ 142.5 $ 140.2 $ 136.8 2 % 4 % $ 427.5 $ 420.3 2 %
--------- --------- --------- -------- ------- --------- --------- --------
Talc $ 11.3 $ 12.7 $ 12.5 (11 )% (10 )% $ 35.4 $ 34.1 4 %
Ground Calcium
Carbonate 17.3 18.9 16.8 (8 )% 3 % 53.2 52.0 2 %
--------- --------- --------- -------- ------- --------- --------- --------
Processed
Minerals
Products $ 28.6 $ 31.6 $ 29.3 (9 )% (2 )% $ 88.6 $ 86.1 3 %
--------- --------- --------- -------- ------- --------- --------- --------
Specialty
Minerals
Segment $ 171.1 $ 171.8 $ 166.1 (0 )% 3 % $ 516.1 $ 506.4 2 %
--------- --------- --------- -------- ------- --------- --------- --------
Refractory
products $ 71.1 $ 75.3 $ 65.4 (6 )% 9 % $ 216.1 $ 196.2 10 %
Metallurgical
Products 20.0 21.3 18.3 (6 )% 9 % 60.9 56.4 8 %
--------- --------- --------- -------- ------- --------- --------- --------
Refractories
Segment $ 91.1 $ 96.6 $ 83.7 (6 )% 9 % $ 277.0 $ 252.6 10 %
--------- --------- --------- -------- ------- --------- --------- --------
Net
Sales $ 262.2 $ 268.4 $ 249.8 (2 )% 5 % $ 793.1 $ 759.0 4 %
--------- --------- --------- -------- ------- --------- --------- --------
SEGMENT
OPERATING
INCOME (LOSS)
DATA
Specialty
Minerals
Segment $ 19.3 $ 18.6 $ 19.7 4 % (2 )% $ 57.2 $ 57.4 (0 )%
--------- --------- --------- -------- ------- --------- --------- --------
Refractories
Segment $ 7.5 $ 7.8 $ 6.3 (4 )% 19 % $ 22.2 $ 21.4 4 %
--------- --------- --------- -------- ------- --------- --------- --------
Unallocated
Corporate
Expenses $ (1.4 ) $ (1.3 ) $ (1.0 ) 8 % 40 % $ (4.2 ) $ (3.3 ) 27 %
--------- --------- --------- -------- ------- --------- --------- --------
Consolidated $ 25.4 $ 25.1 $ 25.0 1 % 2 % $ 75.2 $ 75.5 (0 )%
--------- --------- --------- -------- ------- --------- --------- --------
SEGMENT
RESTRUCTURING
and
IMPAIRMENT
COSTS
Specialty
Minerals
Segment $ 0.0 $ 0.0 $ 0.0 * * $ 0.4 $ 0.5 (20 )%
--------- --------- --------- -------- ------- --------- --------- --------
Refractories
Segment $ 0.2 $ 0.0 $ 0.0 * * $ 0.0 $ 0.4 *
--------- --------- --------- -------- ------- --------- --------- --------
Consolidated $ 0.2 $ 0.0 $ 0.0 * * $ 0.4 $ 0.9 (56 )%
--------- --------- --------- -------- ------- --------- --------- --------
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 (the
restructuring and impairment costs set forth in the above table), for the three-month periods ended October
2, 2011, July 3, 2011, and October 3, 2010 and the nine month periods ended October 2, 2011 and October
3, 2010, 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 feels inclusion of these non-GAAP measures also
provides consistency in its financial reporting and facilitates investors' understanding of historic
operating trends.
% %
Quarter Ended Growth Nine Months Ended Growth
--------------------------------- -------- ------- --------------------- --------
SEGMENT
OPERATING
INCOME, Oct 2, July 3, Oct 3, Oct 2, Oct 3,
EXCLUDING Prior Prior Prior
SPECIAL ITEMS 2011 2011 2010 Qtr. Year 2011 2010 Year
--------- --------- --------- -------- ------- --------- --------- --------
Specialty
Minerals
Segment $ 19.3 $ 18.6 $ 19.7 4 % (2 )% $ 57.6 $ 57.9 (1 )%
--------- --------- --------- -------- ------- --------- --------- --------
Refractories
Segment $ 7.7 $ 7.8 $ 6.3 (1 )% 22 % $ 22.2 $ 21.8 2 %
--------- --------- --------- -------- ------- --------- --------- --------
Unallocated
Corporate
Expenses $ (1.4 ) $ (1.3 ) $ (1.0 ) 8 % 40 % $ (4.2 ) $ (3.3 ) 27 %
--------- --------- --------- -------- ------- --------- --------- --------
Consolidated $ 25.6 $ 25.1 $ 25.0 2 % 2 % $ 75.6 $ 76.4 (1 )%
--------- --------- --------- -------- ------- --------- --------- --------
* Percentage
not meaningful
--------------------------------------------------------------------------------
MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED BALANCE SHEETS
ASSETS
(In Thousands of Dollars)
October 2, December 31,
2011* 2010**
------------ -------------
Current
assets:
Cash & cash equivalents $ 382,528 $ 367,827
Short-term investments 16,697 16,707
Accounts receivable, net 197,818 181,128
Inventories 97,525 86,464
Prepaid expenses and other current assets 23,917 23,446
------------ -------------
Total current assets 718,485 675,572
------------ -------------
Property, plant and equipment 1,252,663 1,238,421
Less accumulated depreciation 930,089 905,624
------------ -------------
Net property, plant & equipment 322,574 332,797
------------ -------------
Goodwill 65,359 67,156
Other assets and deferred charges 37,950 40,580
------------ -------------
Total assets $ 1,144,368 $ 1,116,105
------------ -------------
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term debt $ 5,370 $ 4,611
Current maturities of long-term debt 8,549 0
Accounts payable 105,997 80,728
Restructuring liabilities 1,616 3,484
Other current liabilities 61,650 66,414
------------ -------------
Total current liabilities 183,182 155,237
Long-term debt 85,721 92,621
Other non-current liabilities 83,532 85,552
------------ -------------
Total liabilities 352,435 333,410
------------ -------------
Total MTI shareholders' equity 763,821 755,523
Non-controlling Interest 28,112 27,172
------------ -------------
Total shareholders' equity 791,933 782,695
------------ -------------
Total liabilities and shareholders' $ 1,144,368 $ 1,116,105
equity
------------ -------------
* Unaudited
** Condensed from audited financial statements.
Contact:
Rick B. Honey
(212) 878-1831
MTX Q3 2011 Financials:
http://hugin.info/147757/R/1558908/481894.xls
MTX Q3 2011 Financials:
http://hugin.info/147757/R/1558908/481895.xls
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Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Minerals Technologies Inc via Thomson Reuters ONE
[HUG#1558908]
Unternehmensinformation / Kurzprofil:
Datum: 27.10.2011 - 23:03 Uhr
Sprache: Deutsch
News-ID 81325
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contact information:
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Kategorie:
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