Press Release: Minerals Technologies Reports -2-
Press Release: Minerals Technologies Reports -2-
新聞稿：礦產技術報告-2-
as a result of new information, future events, or otherwise.
作為新信息、未來事件或其他方面的結果。
About Minerals Technologies Inc.
關於Minerals Technologies Inc.
New York-based Minerals Technologies Inc. (MTI) is a global resource- and technology-based company that develops, produces and markets a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. MTI serves the paper, foundry, steel, construction, environmental, energy, polymer and consumer products industries. The Company reported sales of $1.6 billion in 2020. For further information, please visit our website at www.mineralstech.com. (MTI-E)
總部設在紐約的礦物技術公司(MTI)是一家以資源和技術為基礎的全球性公司，開發、生產和營銷各種特種礦物、礦基和合成礦物產品以及相關係統和服務。MTI服務於造紙、鑄造、鋼鐵、建築、環境、能源、聚合物和消費品行業。該公司報告2020年的銷售額為16億美元。欲瞭解更多信息，請訪問我們的網站：www.minminalstech.com。(MTI-E)
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
(in millions, except per share data)
(unaudited)
Quarter Ended % Growth Nine Months Ended % Growth
------------------------ ---------------- -------------------- ----------
Oct. Jul. Sep.
3, 4, 27, Oct. 3, Sep. 27,
Prior Prior
2021 2021 2020 Qtr. Year 2021 2020 Prior Year
------ ------ ------ ------- ------- -------- -------- ----------
Net sales $473.2 $455.6 $388.3 4% 22% $1,381.4 $1,163.0 19%
Cost of goods sold 359.9 340.2 289.9 6% 24% 1,040.9 868.9 20%
----- ----- ----- --- --- ------- ------- ------
Production margin 113.3 115.4 98.4 (2)% 15% 340.5 294.1 16%
Marketing and
administrative
expenses 45.5 46.4 42.1 (2)% 8% 139.9 127.3 10%
Research and
development expenses 4.6 4.9 4.8 (6)% (4)% 14.5 15.0 (3)%
Acquisition-related
expenses 1.5 0.4 0.0 275% * 1.9 0.0 *
Litigation expenses 0.0 0.0 1.5 * * 0.0 10.4 *
Restructuring and
other items, net 1.1 0.0 1.5 * (27)% 1.1 8.0 (86)%
----- ----- ----- ------- --- ------- ------- ------
Income from
operations 60.6 63.7 48.5 (5)% 25% 183.1 133.4 37%
Interest expense, net (9.2) (9.1) (10.1) 1% (9)% (28.2) (27.5) 3%
Non-cash pension
settlement charge (0.8) (2.2) (1.1) (64)% (27)% (3.0) (5.4) (44)%
Other non-operating
income (deductions),
net (0.1) (0.1) (1.5) * (93)% 0.3 (1.1) (127)%
----- ----- ----- ------- --- ------- ------- ------
Total non-operating
deductions, net (10.1) (11.4) (12.7) (11)% (20)% (30.9) (34.0) (9)%
Income before tax and
equity in earnings 50.5 52.3 35.8 (3)% 41% 152.2 99.4 53%
Provision for taxes on
income 8.9 9.8 7.0 (9)% 27% 27.6 17.6 57%
Equity in earnings of
affiliates, net of
tax 0.8 0.5 0.5 60% 60% 1.8 2.0 (10)%
----- ----- ----- --- --- ------- ------- ------
Consolidated net
income 42.4 43.0 29.3 (1)% 45% 126.4 83.8 51%
Less: Net income
attributable to
non-controlling
interests 1.0 1.1 1.0 (9)% 0% 3.2 2.5 28%
----- ----- ----- --- --- ------- ------- ------
Net Income
attributable to
Minerals
Technologies Inc. $ 41.4 $ 41.9 $ 28.3 (1)% 46% $ 123.2 $ 81.3 52%
----- ----- ----- --- --- ------- ------- ------
Weighted average
number of common
shares outstanding:
Basic 33.5 33.7 34.1 33.7 34.2
Diluted 33.8 34.1 34.1 33.9 34.2
Earnings per share
attributable to
Minerals Technologies
Inc.:
Basic $ 1.24 $ 1.24 $ 0.83 0% 49% $ 3.66 $ 2.38 54%
----- ----- ----- ------- -------
Diluted $ 1.22 $ 1.23 $ 0.83 (1)% 47% $ 3.63 $ 2.38 53%
----- ----- ----- ------- -------
Cash dividends
declared per common
share $ 0.05 $ 0.05 $ 0.05 $ 0.15 $ 0.15
----- ----- ----- ------- -------
* Percentage not
meaningful
MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
NOTES TO CONDENSED CONSOLIDATED STATEMENTS OF INCOME
For comparative purposes, the quarterly periods ended
October 3, 2021, July 4, 2021 and September 27, 2020
each consisted of 91 days, respectively. The nine
month periods ended October 3, 2021 and September
1 ) 27, 2020 consisted of 276 days and 271 days, respectively.
On a regular basis, the Company reviews its segments
and the approach used by the chief decision maker
to assess performance and allocate resources. Accordingly,
in Q1 2021, in order to support MTI's key growth initiatives
and more closely align complementary technologies,
processes and capabilities, the Company reorganized
the management structure for its Energy Services and
Performance Materials operating segments to better
reflect the way performance is evaluated and resources
are allocated. As a result, Energy Services was combined
into Environmental Products under the Performance
Materials operating segment. Presented below are the
restated financial results, by product line, for each
of the quarters and full year 2020 of this operating
2 ) segment to conform to the current management structure.
Full Year
(millions of dollars) Quarter Ended Ended
--------------------------------------------- ---------
Mar. 29, Jun. 28, Sep. 27, Dec. 31, Dec. 31,
2020 2020 2020 2020 2020
--------- --------- --------- --------- ---------
Sales
-----------------------
Metalcasting $ 61.7 $ 52.8 $ 66.3 $ 77.3 $ 258.1
Household, Personal
Care & Specialty
Products 96.2 87.9 93.9 102.2 380.2
Environmental Products 36.7 37.6 30.2 27.1 131.6
Building Materials 16.8 13.2 13.5 12.4 55.9
----- ----- ----- ----- -----
Performance
Materials Segment $211.4 $191.5 $203.9 $219.0 $ 825.8
Operating Income
-----------------------
Performance Materials
Segment $ 27.3 $ 22.4 $ 28.2 $ 30.9 $ 108.8
% of Sales 12.9% 11.7% 13.8% 14.1% 13.2%
In September 2021, PCA Corporation discontinued the
use of PCC at their mill in Jackson, Alabama. As a
result, the Company recorded a non-cash impairment
of assets charge of $0.7 million and $0.4 million
in severance related and other closures costs for
3 ) its Paper PCC satellite facility at this mill.
In August 2020, Domtar Corporation announced that
they will permanently shut down their previously idled
paper machine at their mill in Ashdown, Arkansas.
As a result, the Company recorded a non-cash impairment
of assets charge of $1.1 million in the third quarter
for its Paper PCC satellite facility at this mill.
The Company also recorded lease termination costs
at one of the closed mills.
In June 2020, Verso Papers announced that they would
be idling two of their paper mills indefinitely. As
a result, the Company recorded a non-cash impairment
of assets charge of $6.0 million and $0.3 million
in severance related costs for its Paper PCC satellite
facilities at these mills.
(millions of dollars)
Quarter Ended Nine Months Ended
--------------------------------- -------------------------------
Oct. 3, Jul. 4, Sep. 27, Oct. 3, Sep. 27,
簡明合併損益表礦物技術公司。和子公司(單位為百萬，每股數據除外)(未經審計)截至%的季度增長截至9個月的增長% ------------------------ ---------------- -------------------- ---------- 10月、7月、9月10月3日，9月27日，3日，4日，27日，之前的版本2021年2021年2020季度2021年2020年前一年 ------ ------ ------ ------- ------- -------- -------- ---------- 淨銷售額$473.2$455.6$388.3 4%22%$1,381.4$1,163.0 19%銷貨成本359.9 340.2 289.9 6%24%1,040.9 868.9 20% ----- ----- ----- --- --- ------- ------- ------ 生產利潤率113.3 115.4 98.4(2)%15%340.5 294.1 16%市場營銷和行政性開支45.5 46.4 42.1(2)%8%139.9 127.3 10%研究和發展開支4.6 4.9 4.8(6)%(4)%14.5 15.0(3)%與收購相關的開支1.5 0.4 0.0 275%*1.9 0.0*訴訟費用0.0 0.0 1.5**0.0 10.4*重組和其他項目，淨額1.1 0.0 1.5*(27)%1.1 8.0(86)% ----- ----- ----- ------- --- ------- ------- ------ 從以下項目獲得的收入營運量60.6 63.7 48.5(5)%25%183.1 133.4 37%利息支出，淨額(9.2)(9.1)(10.1)1%(9)%(28.2)(27.5)3%非現金養老金和解費用(0.8)(2.2)(1.1)(64)%(27)%(3.0)(5.4)(44)%其他非營運項目收入(扣除)、淨額(0.1)(0.1)(1.5)*(93)%0.3(1.1)(127)% ----- ----- ----- ------- --- ------- ------- ------ 非運營合計扣除，淨額(10.1)(11.4)(12.7)(11)%(20)%(30.9)(34.0)(9)%税前和税前收入股本收益50.5 52.3 35.8(3)%41%152.2 99.4 53%就以下各項的税項撥備收入8.9 9.8 7.0(9)%27%27.6 17.6 57%的收益中的權益聯屬公司，淨額税0.8 0.5 0.5 60%60%1.8 2.0(10)% ----- ----- ----- --- --- ------- ------- ------ 合併淨值收入42.4 43.0 29.3(1)%45%126.4 83.8 51%減去：淨收入歸因於非控制性利息1.0 1.1 1.0(9)%0%3.2 2.5 28% ----- ----- ----- --- --- ------- ------- ------ 淨收入歸因於礦物科技公司$41.4$41.9$28.3(1)%46%$123.2$81.52% ----- ----- ----- --- --- ------- ------- ------ 加權平均公用數流通股：基礎版33.5 33.7 34.1 33.7 34.2稀釋33.8 34.1 34.1 33.9 34.2每股收益歸因於礦物技術公司：基本$1.24$1.24$0.830%49%$3.66$2.38 54% ----- ----- ----- ------- ------- 稀釋後$1.22$1.23$0.83(1)%47%$3.63$2.38 53% ----- ----- ----- ------- ------- 現金股利按普通股申報股票$0.05$0.05$0.05$0.15$0.15 ----- ----- ----- ------- ------- *註釋百分比有意義的礦物技術公司。和子公司簡明合併損益表附註為便於比較，各季度結束時2021年10月3日、2021年7月4日和2020年9月27日每組分別由91天組成。九人組截至2021年10月3日和9月的月份期間1)27、2020年分別為276天和271天。本公司會定期檢討其分部以及首席決策者使用的方法評估績效和分配資源。因此，在2021年第一季度，為了支持MTI的關鍵增長計劃更緊密地結合互補技術，流程和能力，公司重組其能源服務的管理結構和性能材料運營細分市場更上一層樓反映評估績效的方式和資源都被分配了。因此，能源服務公司被合併走進環保產品下的表現物料作業段。下面介紹的是按產品線重述每個產品線的財務業績在此運營的2020個季度和全年中2)符合現行管理結構的細分。全年(百萬美元)季度結束 --------------------------------------------- --------- 3月29日，6月28日，9月27日，12月31日，12月31日， 2020 2020 2020 2020 2020 --------- --------- --------- --------- --------- 銷售額 ----------------------- 熔鑄$61.7$52.8$66.3$77.3$258.1家庭，個人護理和專科產品類別96.2 87.9 93.9 102.2 380.2環保產品36.7 37.6 30.2 27.1 131.6建材16.8 13.2 13.5 12.4 55.9 ----- ----- ----- ----- ----- 性能材料部門$211.4$191.5$203.9$219.0$825.8營業收入 ----------------------- 性能材料細分市場$27.3$22.4$28.2$30.9$108.8銷售額百分比12.9%11.7%13.8%14.1%13.2%2021年9月，PCA公司停止了在阿拉巴馬州傑克遜市的工廠使用PCC。作為一個結果，公司計入非現金減值資產費用分別為70萬美元和40萬美元在與遣散費和其他結業相關的費用中3)該廠的造紙業PCC衞星設施。2020年8月，Domtar公司宣佈他們將永久關閉以前閒置的阿肯色州阿什當工廠的造紙機。因此，公司記錄了非現金減值。第三季度資產費用為110萬美元為它在這個工廠的造紙業PCC衞星設施。公司還記錄了租賃終止費用。在其中一家關閉的工廠裏。2020年6月，Verso Papers宣佈，他們將讓他們的兩家造紙廠無限期閒置。AS因此，公司記錄了非現金減值。資產費用600萬美元和30萬美元在與遣散費相關的成本中，其紙張PCC衞星這些工廠的設施。(百萬美元)截至九個月的季度 --------------------------------- ------------------------------- 10月3日，7月4日，9月27日，10月3日，9月27日，
譯文內容由第三人軟體翻譯。
以上內容僅用作資訊或教育之目的，不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。