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Stock impact report

Minerals Technologies Inc. Provides Updates on Subsidiary’s Chapter 11 Case and First Quarter 2025 Results

Minerals Technologies Inc. (MTX) 
Last minerals technologies inc. earnings: 4/30 05:01 pm Check Earnings Report
Company Research Source: GlobeNewswire
--- Establishes Reserve for BMI OldCo Chapter 11 Case --- --- Announces Preliminary First Quarter 2025 Financial Results --- --- Initiates Cost Savings Program and Records Restructuring Charge --- NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today provided an update on the Chapter 11 case of its subsidiaries BMI OldCo (formerly Barretts Minerals Inc.) and Barretts Ventures Texas LLC (together, “BMI OldCo” or “the Debtors”). The Company also announced preliminary first quarter 2025 financial results, the initiation of a cost savings program, and a restructuring charge. Update on BMI OldCo’s Chapter 11 Case MTI recorded a provision to establish a reserve of $215 million for estimated costs to fund a trust to resolve all current and future talc-related claims as well as fund BMI OldCo’s Chapter 11 case and related litigation costs. The parties have not yet reached a final resolution of all matters in the Chapter 11 ca Show less Read more
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