From GlobeNewswire: 2025-04-17 17:07:00

Minerals Technologies Inc. provided an update on the Chapter 11 case of its subsidiaries BMI OldCo and Barretts Ventures Texas LLC, establishing a reserve of $215 million for talc-related claims and Chapter 11 costs. Preliminary first quarter 2025 financial results show sales of $492 million and operating income of $63 million. The company initiated a cost savings program, identifying $10 million in annualized savings through workforce reductions and recording a $5.5 million charge for related costs. MTI expects to achieve full run rate savings by early 2026. An earnings call to discuss these results is scheduled for April 25, 2025.



Read more at GlobeNewswire: Minerals Technologies Inc. Provides Updates on Subsidiary’s