OAKLAND, CA, Aug. 6, 2018 (RISI) -The transcript of Minerals Technologies’ second quarter 2018 financial results conference call on Aug. 3, 2018, with CEO Doug Dietrich, is now available at Seeking Alpha.
EXCERPT:We had a solid productive but also challenging second quarter with earnings per share up 4% to $1.28. Sales increased 12% to $465 million, with growth again this quarter in all four of our segments across all geographies and in the majority of our product offerings.
Our revenue growth this quarter included the acquisition of Sivomatic, as well as favorable foreign exchange. However, excluding these two factors, our underlying sales momentum remained strong, with sales up 7% in the quarter.
While we had a strong quarter from a sales standpoint, we continue to see inflation in our raw material and logistics costs. In addition, we were challenged by difficult mining conditions again this quarter in our Western U.S. mining operations. These factors put pressure on our margin, but we see this as temporary.
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