Minerals Technologies (NYSE:MTX) reports 1Q17 earnings; Beats Street View

Minerals Technologies (NYSE:MTX) reports 1Q17 earnings; Beats Street View

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Minerals Technologies Inc. (NYSE:MTX) headquartered in New York, announced net income for the first quarter of $ 34.60 million or $ 0.97 per share, compared to income $ 33.90 million or $ 0.97 per share for the year-ago quarter.

The company recorded first quarter Non-GAAP net income of $ 38.10 million or $ 1.07 per share, while analysts from Thomson Reuters expected income of $ 1.04 per share.

Top line figures for the first quarter slipped to $ 405.00 million from $ 410.20 million in the same quarter last year, where as analysts anticipated $ 401.97 million.

Douglas T. Dietrich, CEO, said: We had a solid first quarter. All of our businesses performed well and we continued to expand our operating margins, We saw significant growth across all of our businesses in China this quarter and continue to grow our PCC business throughout Asia with the signing of an agreement for an additional 165,000 tons in Indonesia.