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Press Release: Minerals Technologies Reports -6-

· 02/04/2021 17:01
Businesses $52.2 $46.1 $42.6 13% 23% $179.0 $189.7 (6)% ---- ---- ---- --- --- ----- ----- ---- % of Sales 15.3% 14.6% 12.4% 14.2% 13.6% Refractories Segment $11.1 $ 7.3 $10.4 52% 7% $ 35.5 $ 43.1 (18)% ---- ---- ---- --- --- ----- ----- ---- % of Sales 15.0% 12.3% 14.2% 13.8% 14.5% Energy Services Segment $ 0.6 $ 0.0 $ 2.5 * (76)% $ 5.2 $ 9.6 (46)% ---- ---- ---- ------- --- ----- ----- ---- % of Sales 3.6% 0.0% 10.6% 7.1% 10.1% Total Service Businesses $11.7 $ 7.3 $12.9 60% (9)% $ 40.7 $ 52.7 (23)% ---- ---- ---- --- --- ----- ----- ---- % of Sales 12.9% 10.1% 13.3% 12.3% 13.4% Unallocated Corporate Expenses $(2.8) $(1.9) $(2.5) 47% 12% $ (6.7) $ (7.1) (6)% ---- ---- ---- --- --- ----- ----- ---- Consolidated $61.1 $51.5 $53.0 19% 15% $213.0 $235.3 (9)% ---- ---- ---- --- --- ----- ----- ---- % of Sales 14.2% 13.3% 12.0% 13.4% 13.1% * Percentage not meaningful MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES CONDENSED CONSOLIDATED BALANCE SHEETS ASSETS (In Millions of Dollars) December 31, December 31, 2020* 2019** ------------ ------------ Current assets: Cash & cash equivalents $ 367.7 $ 241.6 Short-term investments 4.1 1.6 Accounts receivable, net 369.0 376.2 Inventories 248.2 253.3 Prepaid expenses and other current assets 44.6 46.5 ------------ ------------ Total current assets 1,033.6 919.2 ------------ ------------ Property, plant and equipment 2,276.9 2,257.0 Less accumulated depreciation 1,237.3 1,204.2 ------------ ------------ Net property, plant & equipment 1,039.6 1,052.8 ------------ ------------ Goodwill 808.5 807.4 Intangible assets 195.8 203.0 Other assets and deferred charges 131.9 130.2 ------------ ------------ Total assets $ 3,209.4 $ 3,112.6 ------------ ------------ LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term debt $ 0.0 $ 101.2 Current maturities of long-term debt 1.0 2.1 Accounts payable 148.3 163.4 Other current liabilities 145.9 131.8 ------------ ------------ Total current liabilities 295.2 398.5 Long-term debt 933.2 824.3 Deferred income taxes 163.7 180.6 Other non-current liabilities 318.6 274.6 ------------ ------------ Total liabilities 1,710.7 1,678.0 ------------ ------------ Total MTI shareholders' equity 1,460.8 1,402.7 Non-controlling Interests 37.9 31.9 ------------ ------------ Total shareholders' equity 1,498.7 1,434.6 ------------ ------------ Total liabilities and shareholders' equity $ 3,209.4 $ 3,112.6 ------------ ------------ * Unaudited ** Condensed from audited financial statements.

(END) Dow Jones Newswires

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