MTX FY 2021 Earnings Report — Minerals Technologies Inc. Revenue & Financial Results | Market Cap Arena

Minerals Technologies Inc.MTX

FY 2021 Earnings

Reported February 18, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.6B	—	16.5%
Op. Income	$241M	—	$209M	—	15.2%
Gross Margin	23.5%	—	24.8%	—	-1.4pp
Net Margin	8.8%	—	7.0%	—	1.8pp
EPS (Diluted)	$4.86	—	$3.29	—	47.7%
Free Cash Flow	$146M	—	$165M	—	-11.1%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.4B
GROSS PROFIT	$436M
R&D Expenses	$20M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$176M
Other Expenses	$0
Operating Expenses	$195M
Cost & Expenses	$1.6B
OPERATING INCOME	$241M
Interest Income	$3M
Interest Expense	$41M
Other Income/Expenses	-$36M
INCOME BEFORE TAX	$205M
Income Tax Expense	$37M
Net Income from Continuing Ops	$169M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$164M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$164M
D&A	$102M
EBIT	$243M
EBITDA	$345M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.4B
GROSS PROFIT	$436M
R&D Expenses	$20M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$176M
Other Expenses	$0
Operating Expenses	$195M
Cost & Expenses	$1.6B
OPERATING INCOME	$241M
Interest Income	$3M
Interest Expense	$41M
Other Income/Expenses	-$36M
INCOME BEFORE TAX	$205M
Income Tax Expense	$37M
Net Income from Continuing Ops	$169M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$164M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$164M
D&A	$102M
EBIT	$243M
EBITDA	$345M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$164M
Depreciation & Amortization	$102M
Stock-Based Compensation	$0
Deferred Income Tax	$2M
Other Non-Cash Items	$32M
Change in Working Capital	-$68M
OPERATING CASH FLOW	$232M
Capital Expenditure	-$86M
Acquisitions (Net)	-$194M
Purchases of Investments	-$9M
Sales/Maturities of Investments	$8M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$279M
Net Debt Issuance	$79M
Common Stock Repurchased	-$75M
Common Dividends Paid	-$7M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	$6M
FREE CASH FLOW	$146M
Net Change in Cash	-$68M

Balance Sheet

Item	Amount
Cash & Equivalents	$300M
Short-Term Investments	$5M
Net Receivables	$368M
Inventory	$298M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$1.1B
Goodwill	$906M
Intangible Assets	$253M
Long-Term Investments	$8M
Tax Assets	$23M
Other Non-Current Assets	$57M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$3.4B
Account Payables	$196M
Short-Term Debt	$93M
Deferred Revenue	$0
Other Current Liabilities	$73M
TOTAL CURRENT LIABILITIES	$420M
Long-Term Debt	$936M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$188M
Other Non-Current Liabilities	$203M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$1.8B
Common Stock	$5M
Additional Paid-In Capital	$474M
Retained Earnings	$2.2B
Treasury Stock	-$775M
Accum. Other Comp. Income	-$334M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$40M
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$1.1B
Net Debt	$776M