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Press Release: Minerals Technologies Reports -5-

· 02/04/2021 17:01
----- --- ----- --- ----- --- --- --- ------- --- ------- --- ---- --- Processed Minerals Products $ 36.0 8% $ 33.3 9% $ 32.8 7% 8% 10% $ 133.2 8% $ 140.4 8% (5)% ----- --- ----- --- ----- --- --- --- ------- --- ------- --- ---- --- Specialty Minerals Segment $138.9 32% $125.1 32% $141.8 32% 11% (2)% $ 510.9 32% $ 574.4 32% (11)% ----- --- ----- --- ----- --- --- --- ------- --- ------- --- ---- --- Total Minerals Businesses $341.1 79% $315.7 81% $343.2 78% 8% (1)% $1,263.7 79% $1,397.7 78% (10)% ----- --- ----- --- ----- --- --- --- ------- --- ------- --- ---- --- Refractory Products $ 60.6 14% $ 48.8 13% $ 60.5 14% 24% 0% $ 212.3 13% $ 244.8 14% (13)% Metallurgical Products 13.3 3% 10.5 3% 12.9 3% 27% 3% 45.8 3% 53.3 3% (14)% ----- --- ----- --- ----- --- --- --- ------- --- ------- --- ---- --- Refractories Segment $ 73.9 17% $ 59.3 15% $ 73.4 17% 25% 1% $ 258.1 16% $ 298.1 17% (13)% ----- --- ----- --- ----- --- --- --- ------- --- ------- --- ---- --- Energy Services Segment $ 16.8 4% $ 13.3 3% $ 23.6 5% 26% (29)% $ 73.0 5% $ 95.2 5% (23)% ----- --- ----- --- ----- --- --- --- ------- --- ------- --- ---- --- Total Service Businesses $ 90.7 21% $ 72.6 19% $ 97.0 22% 25% (6)% $ 331.1 21% $ 393.3 22% (16)% ----- --- ----- --- ----- --- --- --- ------- --- ------- --- ---- --- Net Sales $431.8 100% $388.3 100% $440.2 100% 11% (2)% $1,594.8 100% $1,791.0 100% (11)% ----- --- ----- --- ----- --- --- --- ------- --- ------- --- ---- --- SUPPLEMENTARY DATA MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES (millions of dollars) (unaudited) Quarter Ended % Growth Twelve Months Ended % Growth ------------------------------ ---------------- --------------------- ---------- Dec. 31, Sep. 27, Dec. 31, Dec. 31, Dec. 31, SEGMENT OPERATING Prior Prior INCOME DATA 2020 2020 2019 Qtr Year 2020 2019 Prior Year -------- -------- -------- ------- ------- --------- --------- ---------- Performance Materials Segment $30.3 $28.2 $23.2 7% 31% $103.6 $ 97.1 7% ---- ---- ---- --- --- ----- ----- ---- --- % of Sales 15.0% 14.8% 11.5% 13.8% 11.8% Specialty Minerals Segment $21.9 $16.6 $19.4 32% 13% $ 67.8 $ 83.1 (18)% ---- ---- ---- --- --- ----- ----- ---- % of Sales 15.8% 13.3% 13.7% 13.3% 14.5% Total Minerals Businesses $52.2 $44.8 $42.6 17% 23% $171.4 $180.2 (5)% ---- ---- ---- --- --- ----- ----- ---- % of Sales 15.3% 14.2% 12.4% 13.6% 12.9% Refractories Segment $11.1 $ 7.3 $10.4 52% 7% $ 35.5 $ 39.8 (11)% ---- ---- ---- --- --- ----- ----- ---- % of Sales 15.0% 12.3% 14.2% 13.8% 13.4% Energy Services Segment $ 0.6 $ 0.0 $ 2.5 * (76)% $ 5.2 $ 7.8 (33)% ---- ---- ---- ------- --- ----- ----- ---- % of Sales 3.6% 0.0% 10.6% 7.1% 8.2% Total Service Businesses $11.7 $ 7.3 $12.9 60% (9)% $ 40.7 $ 47.6 (14)% ---- ---- ---- --- --- ----- ----- ---- % of Sales 12.9% 10.1% 13.3% 12.3% 12.1% Unallocated and other Corporate Expenses $(9.4) $(3.6) $(7.8) * 21% $(24.2) $(19.1) 27% ---- ---- ---- ------- --- ----- ----- ---- --- Consolidated $54.5 $48.5 $47.7 12% 14% $187.9 $208.7 (10)% ---- ---- ---- --- --- ----- ----- ---- % of Sales 12.6% 12.5% 10.8% 11.8% 11.7% SPECIAL ITEMS Performance Materials Segment $ 0.0 $ 0.0 $ 0.0 * * $ 0.0 $ 7.0 * ---- ---- ---- ------- ------- ----- ----- ---------- Specialty Minerals Segment $ 0.0 $ 1.3 $ 0.0 * * $ 7.6 $ 2.5 * ---- ---- ---- ------- ------- ----- ----- ---------- Total Minerals Businesses $ 0.0 $ 1.3 $ 0.0 * * $ 7.6 $ 9.5 * ---- ---- ---- ------- ------- ----- ----- ---------- Refractories Segment $ 0.0 $ 0.0 $ 0.0 * * $ 0.0 $ 3.3 * ---- ---- ---- ------- ------- ----- ----- ---------- Energy Services Segment $ 0.0 $ 0.0 $ 0.0 * * $ 0.0 $ 1.8 * ---- ---- ---- ------- ------- ----- ----- ---------- Total Service Businesses $ 0.0 $ 0.0 $ 0.0 * * $ 0.0 $ 5.1 * ---- ---- ---- ------- ------- ----- ----- ---------- Unallocated and Other Corporate Expenses $ 6.6 $ 1.7 $ 5.3 * * $ 17.5 $ 12.0 * ---- ---- ---- ------- ------- ----- ----- ---------- Consolidated $ 6.6 $ 3.0 $ 5.3 * * $ 25.1 $ 26.6 * ---- ---- ---- ------- ------- ----- ----- ---------- 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 for the quarterly periods ended December 31, 2020, September 27, 2020 and December 31, 2019, and the twelve month periods ended December 31, 2020 and December 31, 2019 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. Quarter Ended % Growth Twelve Months Ended % Growth ------------------------------ ---------------- --------------------- ---------- SEGMENT OPERATING INCOME, Dec. 31, Sep. 27, Dec. 31, Dec. 31, Dec. 31, EXCLUDING SPECIAL Prior Prior ITEMS 2020 2020 2019 Qtr Year 2020 2019 Prior Year -------- -------- -------- ------- ------- --------- --------- ---------- Performance Materials Segment $30.3 $28.2 $23.2 7% 31% $103.6 $104.1 (0)% ---- ---- ---- --- --- ----- ----- ---- % of Sales 15.0% 14.8% 11.5% 13.8% 12.6% Specialty Minerals Segment $21.9 $17.9 $19.4 22% 13% $ 75.4 $ 85.6 (12)% ---- ---- ---- --- --- ----- ----- ---- % of Sales 15.8% 14.3% 13.7% 14.8% 14.9% Total Minerals

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February 04, 2021 17:01 ET (22:01 GMT)