Third Quarter Highlights:
第三季度亮点：
- EPS of $1.30, Excluding Special Items, Up 41% Versus Prior Year
- Sales of $473 Million, Up 22% Versus Prior Year
- Continued Strong Cash Flow from Operations, Up 10% Year-to-Date
- Normerica Inc. ("Normerica") Integration Progressing Well
- Acquired Specialty PCC Assets in the Midwest US in November
- 每股收益为1.30美元，不包括特殊项目，比上年增长41％
- 销售额为4.73亿美元，比上年增长22％
- 运营现金流持续强劲，年初至今增长了10％
- Normerica Inc.（“Normerica”）整合进展顺利
- 11月收购了美国中西部的专业PCC资产
NEW YORK, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) ("MTI" or "the Company") today reported diluted earnings per share, excluding special items, of $1.30 per share for the third quarter ended October 3, 2021, compared with $0.92 in the prior year and $1.29 in the second quarter. Reported diluted earnings per share were $1.22 compared with $0.83 in the prior year and $1.23 in the second quarter.
纽约，2021年11月4日（GLOBE NEWSWIRE）——矿业技术公司（纽约证券交易所代码：MTX）（“MTI” 或 “公司”）今天公布截至2021年10月3日的第三季度摊薄后每股收益（不包括特殊项目）为1.30美元，而去年同期为0.92美元，第二季度为1.29美元。报告的摊薄后每股收益为1.22美元，而去年同期为0.83美元，第二季度为1.23美元。
"MTI had another record quarter of earnings marked by solid execution, strong end market demand, and progress with our strategic growth initiatives," said Douglas T. Dietrich, Chairman and Chief Executive Officer. "Our teams have performed well to support our customers while we continue to experience tight conditions across transportation, labor, materials, and energy markets."
董事长兼首席执行官道格拉斯·迪特里希表示：“MTI又创下了创纪录的季度收益，其特点是执行力稳健，终端市场需求强劲，我们的战略增长计划取得了进展。“我们的团队在为客户提供支持方面表现良好，同时我们在运输、劳动力、材料和能源市场继续面临紧张局面。”
Mr. Dietrich added, "We advanced several global growth projects in the quarter, including the integration of Normerica and the acquisition of Specialty PCC assets in the Midwest US. With our more balanced portfolio and the momentum we are generating with our growth initiatives, we have meaningfully changed the growth trajectory of our company heading into 2022."
迪特里希补充说：“我们在本季度推进了多个全球增长项目，包括整合Normerica和收购美国中西部的Specialt PCC资产。凭借我们更加平衡的投资组合以及我们的增长计划所产生的势头，我们已经有意义地改变了公司进入2022年的增长轨迹。”
Third Quarter 2021
2021 年第三季度
Worldwide net sales were $473.2 million, 22 percent higher than the prior year and 4 percent higher sequentially. The acquisition of Normerica, completed on July 26, 2021, contributed sales of $20.0 million, or 5 percent growth versus the prior year and 4 percent growth sequentially. Organic growth for the company was 17 percent versus the prior year and flat sequentially. Foreign exchange had a favorable impact on sales of approximately $6 million, or 2 percent versus the prior year.
全球净销售额为4.732亿美元，比上年增长22％，环比增长4％。对Normerica的收购于2021年7月26日完成，销售额为2,000万美元，较上年增长5％，环比增长4％。该公司的有机增长与去年相比为17％，环比持平。外汇对销售额产生了约600万美元的有利影响，与去年同期相比增长了2％。
Operating income was $60.6 million, or $63.2 million excluding special items. Operating income excluding special items grew 23 percent versus the prior year and was relatively flat versus the second quarter. Operating margin was 12.8 percent, or 13.4 percent excluding special items.
营业收入为6,060万美元，不包括特殊项目则为6,320万美元。不包括特殊项目的营业收入比上年增长了23％，与第二季度相比相对持平。营业利润率为12.8％，不包括特殊项目为13.4％。
Cash flow from operations was $163.1 million year-to-date compared with $148.4 million in the prior year, a 10 percent improvement. Capital expenditures were $63.0 million year-to-date versus $45.8 million in the prior year, as the company continued to invest in high-return growth opportunities. The company used a portion of free cash flow to repurchase $63 million of shares year-to-date, and completed the share repurchase authorization from the prior year. The Board of Directors authorized a new $75 million 1-year share repurchase program on October 20, 2021.
今年迄今为止，来自运营的现金流为1.631亿美元，而去年同期为1.484亿美元，增长了10％。由于公司继续投资高回报增长机会，今年迄今的资本支出为6,300万美元，而去年同期为4,580万美元。今年迄今为止，该公司使用部分自由现金流回购了6,300万美元的股票，并完成了上一年的股票回购授权。2021年10月20日，董事会批准了一项新的7500万美元的一年期股票回购计划。
Segment Information
细分信息
Performance Materials segment sales were $250.4 million in the third quarter, 23 percent higher than the prior year and 5 percent higher sequentially.
高性能材料板块第三季度的销售额为2.504亿美元，比上年增长23％，环比增长5％。
Household, Personal Care & Specialty Products sales were 30 percent above the prior year. The acquisition of Normerica contributed 21 percent growth versus the prior year and organic sales contributed an additional 9 percent, as demand for this product line's consumer-oriented portfolio remained strong. Sales were 19 percent higher sequentially, primarily driven by the acquisition.
家居、个人护理和特种产品的销售额比上年增长30％。对Normerica的收购比上年增长了21％，有机销售又贡献了9％，这是因为对该产品线以消费者为导向的产品组合的需求仍然强劲。销售额环比增长19％，这主要是受此次收购的推动。
Metalcasting sales were 10 percent higher than the prior year, driven by stronger demand globally and continued penetration of greensand bond technologies in Asia. Sales were 9 percent lower sequentially as foundry customers took typical seasonal outages, and in some cases, foundry demand was impacted by supply chain challenges.
受全球需求强劲以及绿色和债券技术在亚洲的持续渗透的推动，金属铸造销售额比上年增长了10％。由于铸造厂客户经历了典型的季节性停机，销售额连续下降了9％，在某些情况下，铸造厂需求受到供应链挑战的影响。
Environmental Products sales grew 32 percent versus the prior year on improved demand for environmental lining systems, remediation, and wastewater treatment. Building Materials sales grew 18 percent versus the prior year and 3 percent sequentially on higher levels of project activity.
由于对环境衬里系统、修复和废水处理的需求增加，环境产品的销售额比上年增长了32％。由于项目活动水平提高，建筑材料销售额比上年增长了18％，环比增长了3％。
Operating income for the segment was $32.0 million, or $32.6 million excluding special items. Operating margin excluding special items was 13.0 percent of sales. Margin was temporarily impacted by unfavorable product mix, the timing of pricing actions relative to cost increases, as well as the incremental sales from Normerica. The company has stated that the Normerica acquisition will be income accretive beginning in the fourth quarter 2021 as integration activities continue.
该板块的营业收入为3,200万美元，不包括特殊项目则为3,260万美元。不包括特殊项目的营业利润率为销售额的13.0％。利润率暂时受到不利的产品组合、与成本上涨相关的定价行动时机以及Normerica的增量销售的影响。该公司表示，随着整合活动的继续，对Normerica的收购将从2021年第四季度开始增加收入。
The Performance Materials segment provides a wide range of bentonite-based and synthetic materials for industrial and consumer-oriented markets and for non-residential construction, environmental remediation, and infrastructure projects worldwide.
高性能材料板块为工业和以消费者为导向的市场以及全球非住宅建筑、环境修复和基础设施项目提供各种膨润土和合成材料。
Specialty Minerals segment sales, which consist of the Precipitated Calcium Carbonate (PCC) and Processed Minerals product lines, were $146.9 million in the third quarter, 17 percent higher than the prior year and 3 percent higher sequentially.
包括沉淀碳酸钙（PCC）和加工矿物产品线在内的特种矿物板块第三季度销售额为1.469亿美元，比上年增长17％，环比增长3％。
PCC sales grew 17 percent versus the prior year and 3 percent sequentially on recovering Paper PCC demand, the continued ramp-up of three new satellite plants, and higher SPCC demand from automotive, construction, and consumer end markets. PCC is used in paper and packaging, automotive and construction sealants, and the food and pharmaceutical industries.
PCC的销售额比上年增长17％，环比增长3％，这要归因于纸质PCC需求的恢复，三座新的卫星工厂的持续扩张，以及汽车、建筑和消费终端市场的SPCC需求增加。PCC 用于造纸和包装、汽车和建筑密封剂以及食品和制药行业。
Processed Minerals sales grew 18 percent versus the prior year and 2 percent sequentially on continued strength in residential construction and consumer end markets. Processed Minerals products are used in the building materials, polymers, ceramics, consumer products, paints and coatings, glass, and other manufacturing industries.
由于住宅建筑和消费终端市场的持续强劲，加工矿产的销售额比上年增长了18％，环比增长了2％。加工矿物产品用于建筑材料、聚合物、陶瓷、消费品、油漆和涂料、玻璃和其他制造业。
Segment operating income was $17.3 million, or $18.4 million excluding special items. Operating margin excluding special items was 12.5 percent of sales and was impacted by the timing of contractual and negotiated price increases relative to cost increases.
分部营业收入为1,730万美元，不包括特殊项目，合1,840万美元。不包括特殊项目的营业利润率为销售额的12.5％，受到与成本上涨相关的合同和谈判价格上涨时机的影响。
Refractories segment sales were $75.9 million in the third quarter, 28 percent higher than the prior year and 2 percent higher sequentially as demand remained strong for Refractory and Metallurgical Products.
由于对耐火材料和冶金产品的需求仍然强劲，耐火材料板块第三季度的销售额为7,590万美元，比上年增长28％，环比增长2％。
Segment operating income was $13.2 million, 81 percent higher than the prior year and 13 percent higher sequentially. Operating margin was strong at 17.4 percent of sales. The Refractories segment provides products and services primarily to the worldwide steel industry.
该细分市场的营业收入为1,320万美元，比上年增长81％，环比增长13％。营业利润率强劲，占销售额的17.4％。耐火材料部门主要为全球钢铁行业提供产品和服务。
Minerals Technologies will host a conference call tomorrow, November 5, 2021 at 11 a.m. Eastern Time. The conference call will be broadcast live on our website: www.mineralstech.com. To listen to the call, go to the website and click on "Investor Relations," then click on "Quarterly Results & Conference Calls." A presentation for the call will be available at the same location at approximately 10:30 a.m. Eastern Time on November 5, 2021.
Minerals Technologies将于明天，即美国东部时间2021年11月5日上午11点举行电话会议。电话会议将在我们的网站上直播： www.mineralstech.com。要收听电话会议，请访问网站并单击 “投资者关系”，然后单击 “季度业绩和电话会议”。电话会议的演示将于美国东部时间2021年11月5日上午10点30分左右在同一地点举行。
FORWARD-LOOKING STATEMENTS
前瞻性陈述
This press release may contain "forward‐looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations and forecasts of future events such as new products, revenues and financial performance, and are not limited to describing historical or current facts. They can be identified by the use of words such as "believes," "expects," "plans," "intends," "anticipates," and other words and phrases of similar meaning. Forward-looking statements are necessarily based on assumptions, estimates and limited information available at the time they are made. A broad variety of risks and uncertainties, both known and unknown, as well as the inaccuracy of assumptions and estimates, can affect the realization of the expectations or forecasts in these statements. Actual future results may vary materially. Significant factors that could affect the expectations and forecasts include the duration and scope of the COVID-19 pandemic, and government and other third-party responses to it; worldwide general economic, business, and industry conditions, including the effects of the COVID-19 pandemic on the global economy; the cyclicality of our customers' businesses and their changing demands; the dependence of certain of our product lines on the commercial construction and infrastructure markets, the domestic building and construction markets, and the automotive market; our ability to effectively achieve and implement our growth initiatives, including, but not limited to, the integration of the Normerica's business into our business and the expected benefits, cost savings, accretion, synergies and growth to result therefrom; our ability to service our debt; our ability to comply with the covenants in the agreements governing our debt; our ability to renew or extend long term sales contracts for our PCC satellite operations; consolidation in customer industries, principally paper, foundry and steel; compliance with or changes to regulation in the areas of environmental, health and safety, and tax; claims for legal, environmental and tax matters or product stewardship issues; our ability to successfully develop new products; our ability to defend our intellectual property; the increased risks of doing business abroad; the availability of raw materials and access to ore reserves at our mining operations; increases in costs of raw materials, energy, or shipping; our ability to compete in very competitive industries; operating risks and capacity limitations affecting our production facilities; seasonality of some of our segments; cybersecurity and other threats relating to our information technology systems; and other risk factors and cautionary statements in our 2020 Annual Report on Form 10‐K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward‐looking statement, whether as a result of new information, future events, or otherwise.
本新闻稿可能包含1995年《私人证券诉讼改革法》所指的 “前瞻性陈述”。前瞻性陈述提供对未来事件（例如新产品、收入和财务业绩）的当前预期和预测，并不仅限于描述历史或当前事实。它们可以通过使用 “相信”、“期望”、“计划”、“打算”、“预期” 等词语以及其他具有类似含义的单词和短语来识别。前瞻性陈述必须基于假设、估计和发表时可用的有限信息。各种各样的已知和未知的风险和不确定性，以及假设和估计值的不准确性，都可能影响这些报表中预期或预测的实现。未来的实际结果可能会有重大差异。可能影响预期和预测的重要因素包括 COVID-19 疫情的持续时间和范围，以及政府和其他第三方对此的应对措施；全球总体经济、商业和行业状况，包括 COVID-19 疫情对全球经济的影响；客户业务的周期性及其不断变化的需求；我们的某些产品线对商业建筑和基础设施市场、国内建筑和建筑市场以及汽车市场的依赖；我们的有效实现和实施我们的增长计划的能力，包括但不限于将Normerica的业务整合到我们的业务中以及由此产生的预期收益、成本节省、增长、协同效应和增长；我们偿还债务的能力；我们遵守债务协议中契约的能力；我们续订或延长PCC卫星业务长期销售合同的能力；主要是客户行业的整合造纸、铸造厂和钢铁；遵守或变更环境、健康和安全以及税收领域的监管；法律、环境和税务问题索赔或产品监管问题；我们成功开发新产品的能力；我们捍卫知识产权的能力；在国外开展业务的风险增加；我们的采矿业务中原材料的供应和矿石储量的获取；原材料、能源或运输成本的增加；我们在竞争激烈的行业中的竞争能力；运营风险和影响产能的限制我们的生产设施；我们某些细分市场的季节性；网络安全和其他与我们的信息技术系统相关的威胁；以及我们在2020年10-K表年度报告、10-Q表季度报告、8-K表最新报告以及向美国证券交易委员会提交的其他报告中的其他风险因素和警告声明。公司没有义务公开更新任何前瞻性声明，无论是由于新信息、未来事件还是其他原因。
About Minerals Technologies Inc.
New York-based Minerals Technologies Inc. (MTI) is a global resource- and technology-based company that develops, produces and markets a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. MTI serves the paper, foundry, steel, construction, environmental, energy, polymer and consumer products industries. The Company reported sales of $1.6 billion in 2020. For further information, please visit our website at www.mineralstech.com. (MTI-E)
关于矿业技术公司
总部位于纽约的Minerals Technologies Inc.（MTI）是一家以资源和技术为基础的全球性公司，致力于开发、生产和销售各种特种矿物、矿物基和合成矿物产品以及相关系统和服务。MTI 为造纸、铸造、钢铁、建筑、环境、能源、聚合物和消费品行业提供服务。该公司报告称，2020年的销售额为16亿美元。欲了解更多信息，请访问我们的网站 www.mineralstech.com。(MTI-E)
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||||||||||||||||||||
| MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | ||||||||||||||||||||||||||||||
| (in millions, except per share data) | ||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||
| Quarter Ended | % Growth | Nine Months Ended | % Growth | |||||||||||||||||||||||||||
| Oct. 3, | Jul. 4, | Sep. 27, | Oct. 3, | Sep. 27, | ||||||||||||||||||||||||||
| 2021 | 2021 | 2020 | Prior Qtr. |
Prior Year |
2021 | 2020 |
Prior Year |
|||||||||||||||||||||||
| Net sales | $ | 473.2 | $ | 455.6 | $ | 388.3 | 4 | % | 22 | % | $ | 1,381.4 | $ | 1,163.0 | 19 | % | ||||||||||||||
| Cost of goods sold | 359.9 | 340.2 | 289.9 | 6 | % | 24 | % | 1,040.9 | 868.9 | 20 | % | |||||||||||||||||||
| Production margin | 113.3 | 115.4 | 98.4 | (2 | )% | 15 | % | 340.5 | 294.1 | 16 | % | |||||||||||||||||||
| Marketing and administrative expenses | 45.5 | 46.4 | 42.1 | (2 | )% | 8 | % | 139.9 | 127.3 | 10 | % | |||||||||||||||||||
| Research and development expenses | 4.6 | 4.9 | 4.8 | (6 | )% | (4 | )% | 14.5 | 15.0 | (3 | )% | |||||||||||||||||||
| Acquisition-related expenses | 1.5 | 0.4 | 0.0 | 275 | % | * | 1.9 | 0.0 | * | |||||||||||||||||||||
| Litigation expenses | 0.0 | 0.0 | 1.5 | * | * | 0.0 | 10.4 | * | ||||||||||||||||||||||
| Restructuring and other items, net | 1.1 | 0.0 | 1.5 | * | (27 | )% | 1.1 | 8.0 | (86 | )% | ||||||||||||||||||||
| Income from operations | 60.6 | 63.7 | 48.5 | (5 | )% | 25 | % | 183.1 | 133.4 | 37 | % | |||||||||||||||||||
| Interest expense, net | (9.2 | ) | (9.1 | ) | (10.1 | ) | 1 | % | (9 | )% | (28.2 | ) | (27.5 | ) | 3 | % | ||||||||||||||
| Non-cash pension settlement charge | (0.8 | ) | (2.2 | ) | (1.1 | ) | (64 | )% | (27 | )% | (3.0 | ) | (5.4 | ) | (44 | )% | ||||||||||||||
| Other non-operating income (deductions), net | (0.1 | ) | (0.1 | ) | (1.5 | ) | * | (93 | )% | 0.3 | (1.1 | ) | (127 | )% | ||||||||||||||||
| Total non-operating deductions, net | (10.1 | ) | (11.4 | ) | (12.7 | ) | (11 | )% | (20 | )% | (30.9 | ) | (34.0 | ) | (9 | )% | ||||||||||||||
| Income before tax and equity in earnings | 50.5 | 52.3 | 35.8 | (3 | )% | 41 | % | 152.2 | 99.4 | 53 | % | |||||||||||||||||||
| Provision for taxes on income | 8.9 | 9.8 | 7.0 | (9 | )% | 27 | % | 27.6 | 17.6 | 57 | % | |||||||||||||||||||
| Equity in earnings of affiliates, net of tax | 0.8 | 0.5 | 0.5 | 60 | % | 60 | % | 1.8 | 2.0 | (10 | )% | |||||||||||||||||||
| Consolidated net income | 42.4 | 43.0 | 29.3 | (1 | )% | 45 | % | 126.4 | 83.8 | 51 | % | |||||||||||||||||||
| Less: Net income attributable to non-controlling interests | 1.0 | 1.1 | 1.0 | (9 | )% | 0 | % | 3.2 | 2.5 | 28 | % | |||||||||||||||||||
| Net Income attributable to Minerals Technologies Inc. | $ | 41.4 | $ | 41.9 | $ | 28.3 | (1 | )% | 46 | % | $ | 123.2 | $ | 81.3 | 52 | % | ||||||||||||||
| Weighted average number of common shares outstanding: | ||||||||||||||||||||||||||||||
| Basic | 33.5 | 33.7 | 34.1 | 33.7 | 34.2 | |||||||||||||||||||||||||
| Diluted | 33.8 | 34.1 | 34.1 | 33.9 | 34.2 | |||||||||||||||||||||||||
| Earnings per share attributable to Minerals Technologies Inc.: | ||||||||||||||||||||||||||||||
| Basic | $ | 1.24 | $ | 1.24 | $ | 0.83 | 0 | % | 49 | % | $ | 3.66 | $ | 2.38 | 54 | % | ||||||||||||||
| Diluted | $ | 1.22 | $ | 1.23 | $ | 0.83 | (1 | )% | 47 | % | $ | 3.63 | $ | 2.38 | 53 | % | ||||||||||||||
| Cash dividends declared per common share | $ | 0.05 | $ | 0.05 | $ | 0.05 | $ | 0.15 | $ | 0.15 | ||||||||||||||||||||
| * Percentage not meaningful | ||||||||||||||||||||||||||||||
| 简明合并收益表 | ||||||||||||||||||||||||||||||
| 矿业技术公司和子公司 | ||||||||||||||||||||||||||||||
| （以百万计，每股数据除外） | ||||||||||||||||||||||||||||||
| （未经审计） | ||||||||||||||||||||||||||||||
| 季度已结束 | % 增长 | 九个月已结束 | % 增长 | |||||||||||||||||||||||||||
| 十月 3日 | 七月 4, | 9月27日 | 十月 3日 | 9月27日 | ||||||||||||||||||||||||||
| 2021 | 2021 | 2020 | 上一季度 |
前一年 |
2021 | 2020 |
前一年 |
|||||||||||||||||||||||
| 净销售额 | $ | 473.2 | $ | 455.6 | $ | 388.3 | 4 | % | 22 | % | $ | 1,381.4 | $ | 1,163.0 | 19 | % | ||||||||||||||
| 销售商品的成本 | 359.9 | 340.2 | 289.9 | 6 | % | 24 | % | 1,040.9 | 868.9 | 20 | % | |||||||||||||||||||
| 生产利润 | 113.3 | 115.4 | 98.4 | (2) | )% | 15 | % | 340.5 | 294.1 | 16 | % | |||||||||||||||||||
| 营销和管理费用 | 45.5 | 46.4 | 42.1 | (2) | )% | 8 | % | 139.9 | 127.3 | 10 | % | |||||||||||||||||||
| 研究和开发费用 | 4.6 | 4.9 | 4.8 | (6) | )% | (4) | )% | 14.5 | 15.0 | (3) | )% | |||||||||||||||||||
| 收购相关费用 | 1.5 | 0.4 | 0.0 | 275 | % | * | 1.9 | 0.0 | * | |||||||||||||||||||||
| 诉讼费用 | 0.0 | 0.0 | 1.5 | * | * | 0.0 | 10.4 | * | ||||||||||||||||||||||
| 重组和其他项目，净额 | 1.1 | 0.0 | 1.5 | * | (27) | )% | 1.1 | 8.0 | (86) | )% | ||||||||||||||||||||
| 运营收入 | 60.6 | 63.7 | 48.5 | (5) | )% | 25 | % | 183.1 | 133.4 | 37 | % | |||||||||||||||||||
| 利息支出，净额 | (9.2 | ) | (9.1) | ) | (10.1) | ) | 1 | % | (9) | )% | (28.2) | ) | (27.5) | ) | 3 | % | ||||||||||||||
| 非现金养老金结算费 | (0.8) | ) | (2.2) | ) | (1.1) | ) | (64 | )% | (27) | )% | (3.0 | ) | (5.4) | ) | (44) | )% | ||||||||||||||
| 其他非营业收入（扣除额），净额 | (0.1) | ) | (0.1) | ) | (1.5) | ) | * | (93 | )% | 0.3 | (1.1) | ) | (127) | )% | ||||||||||||||||
| 营业外扣除总额，净额 | (10.1) | ) | (11.4 | ) | (12.7 | ) | (11) | )% | (20) | )% | (30.9 | ) | (34.0) | ) | (9) | )% | ||||||||||||||
| 税前收入和收益权益 | 50.5 | 52.3 | 35.8 | (3) | )% | 41 | % | 152.2 | 99.4 | 53 | % | |||||||||||||||||||
| 所得税准备金 | 8.9 | 9.8 | 7.0 | (9) | )% | 27 | % | 27.6 | 17.6 | 57 | % | |||||||||||||||||||
| 扣除税款后的关联公司收益中的权益 | 0.8 | 0.5 | 0.5 | 60 | % | 60 | % | 1.8 | 2.0 | (10) | )% | |||||||||||||||||||
| 合并净收益 | 42.4 | 43.0 | 29.3 | (1) | )% | 45 | % | 126.4 | 83.8 | 51 | % | |||||||||||||||||||
| 减去：归属于非控股权益的净收益 | 1.0 | 1.1 | 1.0 | (9) | )% | 0 | % | 3.2 | 2.5 | 28 | % | |||||||||||||||||||
| 归属于矿业技术公司的净收益 | $ | 41.4 | $ | 41.9 | $ | 28.3 | (1) | )% | 46 | % | $ | 123.2 | $ | 81.3 | 52 | % | ||||||||||||||
| 加权平均已发行普通股数量： | ||||||||||||||||||||||||||||||
| 基本 | 33.5 | 33.7 | 34.1 | 33.7 | 34.2 | |||||||||||||||||||||||||
| 稀释 | 33.8 | 34.1 | 34.1 | 33.9 | 34.2 | |||||||||||||||||||||||||
| 归属于矿业技术公司的每股收益： | ||||||||||||||||||||||||||||||
| 基本 | $ | 1.24 | $ | 1.24 | $ | 0.83 | 0 | % | 49 | % | $ | 3.66 | $ | 2.38 | 54 | % | ||||||||||||||
| 稀释 | $ | 1.22 | $ | 1.23 | $ | 0.83 | (1) | )% | 47 | % | $ | 3.63 | $ | 2.38 | 53 | % | ||||||||||||||
| 每股普通股申报的现金分红 | $ | 0.05 | $ | 0.05 | $ | 0.05 | $ | 0.15 | $ | 0.15 | ||||||||||||||||||||
| * 百分比没有意义 | ||||||||||||||||||||||||||||||
| MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | ||||||||||||||||||||||||
| NOTES TO CONDENSED CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||||||||||||||
| 1 | ) | For comparative purposes, the quarterly periods ended October 3, 2021, July 4, 2021 and September 27, 2020 each consisted of 91 days, respectively. The nine month periods ended October 3, 2021 and September 27, 2020 consisted of 276 days and 271 days, respectively. | ||||||||||||||||||||||
| 2 | ) | On a regular basis, the Company reviews its segments and the approach used by the chief decision maker to assess performance and allocate resources. Accordingly, in Q1 2021, in order to support MTI's key growth initiatives and more closely align complementary technologies, processes and capabilities, the Company reorganized the management structure for its Energy Services and Performance Materials operating segments to better reflect the way performance is evaluated and resources are allocated. As a result, Energy Services was combined into Environmental Products under the Performance Materials operating segment. Presented below are the restated financial results, by product line, for each of the quarters and full year 2020 of this operating segment to conform to the current management structure. | ||||||||||||||||||||||
| Full Year | ||||||||||||||||||||||||
| (millions of dollars) | Quarter Ended | Ended | ||||||||||||||||||||||
| Mar. 29, | Jun. 28, | Sep. 27, | Dec. 31, | Dec. 31, | ||||||||||||||||||||
| 2020 | 2020 | 2020 | 2020 | 2020 | ||||||||||||||||||||
| Sales | ||||||||||||||||||||||||
| Metalcasting | $ | 61.7 | $ | 52.8 | $ | 66.3 | $ | 77.3 | $ | 258.1 | ||||||||||||||
| Household, Personal Care & Specialty Products | 96.2 | 87.9 | 93.9 | 102.2 | 380.2 | |||||||||||||||||||
| Environmental Products | 36.7 | 37.6 | 30.2 | 27.1 | 131.6 | |||||||||||||||||||
| Building Materials | 16.8 | 13.2 | 13.5 | 12.4 | 55.9 | |||||||||||||||||||
| Performance Materials Segment | $ | 211.4 | $ | 191.5 | $ | 203.9 | $ | 219.0 | $ | 825.8 | ||||||||||||||
| Operating Income | ||||||||||||||||||||||||
| Performance Materials Segment | $ | 27.3 | $ | 22.4 | $ | 28.2 | $ | 30.9 | $ | 108.8 | ||||||||||||||
| % of Sales | 12.9 | % | 11.7 | % | 13.8 | % | 14.1 | % | 13.2 | % | ||||||||||||||
| 3 | ) | In September 2021, PCA Corporation discontinued the use of PCC at their mill in Jackson, Alabama. As a result, the Company recorded a non-cash impairment of assets charge of $0.7 million and $0.4 million in severance related and other closures costs for its Paper PCC satellite facility at this mill. | ||||||||||||||||||||||
| In August 2020, Domtar Corporation announced that they will permanently shut down their previously idled paper machine at their mill in Ashdown, Arkansas. As a result, the Company recorded a non-cash impairment of assets charge of $1.1 million in the third quarter for its Paper PCC satellite facility at this mill. The Company also recorded lease termination costs at one of the closed mills. | ||||||||||||||||||||||||
| In June 2020, Verso Papers announced that they would be idling two of their paper mills indefinitely. As a result, the Company recorded a non-cash impairment of assets charge of $6.0 million and $0.3 million in severance related costs for its Paper PCC satellite facilities at these mills. | ||||||||||||||||||||||||
| (millions of dollars) | ||||||||||||||||||||||||
| Quarter Ended | Nine Months Ended | |||||||||||||||||||||||
| Oct. 3, | Jul. 4, | Sep. 27, | Oct. 3, | Sep. 27, | ||||||||||||||||||||
| 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
| Asset Write-Downs | ||||||||||||||||||||||||
| Specialty Minerals | $ | 0.7 | $ | 0.0 | $ | 1.1 | $ | 0.7 | $ | 7.1 | ||||||||||||||
| Total asset write-downs | $ | 0.7 | $ | 0.0 | $ | 1.1 | $ | 0.7 | $ | 7.1 | ||||||||||||||
| Restructuring and other items, net | ||||||||||||||||||||||||
| Severance related costs | $ | 0.2 | $ | 0.0 | $ | 0.0 | $ | 0.2 | $ | 0.3 | ||||||||||||||
| Other costs | 0.2 | 0.0 | 0.4 | 0.2 | 0.6 | |||||||||||||||||||
| $ | 0.4 | $ | 0.0 | $ | 0.4 | $ | 0.4 | $ | 0.9 | |||||||||||||||
| Total restructuring and other items, net | $ | 1.1 | $ | 0.0 | $ | 1.5 | $ | 1.1 | $ | 8.0 | ||||||||||||||
| 4 | ) | To supplement the Company's consolidated financial statements presented in accordance with GAAP, the following is a presentation of the Company's non-GAAP earnings per share, excluding special items, for the quarterly periods ended October 3, 2021, July 4, 2021 and September 27, 2020, and the nine month periods ended October 3, 2021 and September 27, 2020 and a reconciliation to reported earnings per share for such periods. The Company's management believes these non-GAAP measures provide meaningful supplemental information regarding its performance as inclusion of such special items are not indicative of the ongoing operating results and thereby affect the comparability of results between periods. The Company believes inclusion of these non-GAAP measures also provides consistency in its financial reporting and facilitates investors' understanding of historic operating trends. | ||||||||||||||||||||||
| (millions of dollars) | Quarter Ended | Nine Months Ended | ||||||||||||||||||||||
| Oct. 3, | Jul. 4, | Sep. 27, | Oct. 3, | Sep. 27, | ||||||||||||||||||||
| 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
| Net Income attributable to Minerals Technologies Inc. | $ | 41.4 | $ | 41.9 | $ | 28.3 | $ | 123.2 | $ | 81.3 | ||||||||||||||
| % of sales | 8.7 | % | 9.2 | % | 7.3 | % | 8.9 | % | 7.0 | % | ||||||||||||||
| Special items: | ||||||||||||||||||||||||
| Restructuring and other items, net | 1.1 | 0.0 | 1.5 | 1.1 | 8.0 | |||||||||||||||||||
| Litigation expenses | 0.0 | 0.0 | 1.5 | 0.0 | 10.4 | |||||||||||||||||||
| Acquisition-related expenses | 1.5 | 0.4 | 0.0 | 1.9 | 0.0 | |||||||||||||||||||
| Non-cash pension settlement charge | 0.8 | 2.2 | 1.1 | 3.0 | 5.4 | |||||||||||||||||||
| Related tax effects on special items | (0.8 | ) | (0.6 | ) | (0.9 | ) | (1.4 | ) | (5.6 | ) | ||||||||||||||
| Net Income attributable to Minerals Technologies Inc., excluding special items | $ | 44.0 | $ | 43.9 | $ | 31.5 | $ | 127.8 | $ | 99.5 | ||||||||||||||
| % of sales | 9.3 | % | 9.6 | % | 8.1 | % | 9.3 | % | 8.6 | % | ||||||||||||||
| Diluted earnings per share, excluding special items | $ | 1.30 | $ | 1.29 | $ | 0.92 | $ | 3.77 | $ | 2.91 | ||||||||||||||
| Included in litigation expense for the three-month and nine month periods ended September 27, 2020 are costs of $1.5 million and $9.5 million, respectively, relating to an arbitration award associated with the bankruptcy of Novinda Corp. | ||||||||||||||||||||||||
| 5 | ) | Free cash flow is defined as cash flow from continuing operations less capital expenditures. The following is a presentation of the Company's non-GAAP free cash flow for the quarterly periods ended October 3, 2021, July 4, 2021 and September 27, 2020 and the nine month periods ended October 3, 2021 and September 27, 2020 and a reconciliation to cash flow from operations for such periods. The Company's management believes this non-GAAP measure provides meaningful supplemental information as management uses this measure to evaluate the Company's ability to maintain capital assets, satisfy current and future obligations, repurchase stock, pay dividends and fund future business opportunities. Free cash flow is not a measure of cash available for discretionary expenditures since the Company has certain non-discretionary obligations such as debt service that are not deducted from the measure. The Company's definition of free cash flow may not be comparable to similarly titled measures reported by other companies. | ||||||||||||||||||||||
| Quarter Ended | Nine Months Ended | |||||||||||||||||||||||
| (millions of dollars) | Oct. 3, | Jul. 4, | Sep. 27, | Oct. 3, | Sep. 27, | |||||||||||||||||||
| 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
| Cash flow from continuing operations | $ | 45.1 | $ | 67.1 | $ | 54.3 | $ | 163.1 | $ | 148.4 | ||||||||||||||
| Capital expenditures | 23.1 | 22.2 | 14.2 | 63.0 | 45.8 | |||||||||||||||||||
| Free cash flow | $ | 22.0 | $ | 44.9 | $ | 40.1 | $ | 100.1 | $ | 102.6 | ||||||||||||||
| Depreciation, Depletion and Amortization Expense | $ | 24.0 | $ | 23.2 | $ | 23.9 | $ | 71.3 | $ | 70.2 | ||||||||||||||
| 6 | ) | "Adjusted EBITDA" is a non-GAAP financial measure and refers to earnings before interest, taxes, depreciation and amortization (EBITDA), excluding special items. The following is a presentation of the Company's non-GAAP EBITDA and Adjusted EBITDA for the quarterly periods ended October 3, 2021, July 4, 2021 and September 27, 2020 and the nine month periods ended October 3, 2021 and September 27, 2020 and a reconciliation to net income for such periods. The Company's management believes these non-GAAP measures provide meaningful supplemental information regarding its performance and facilitates investors' understanding of historic operating trends. | ||||||||||||||||||||||
| Quarter Ended | Nine Months Ended | |||||||||||||||||||||||
| (millions of dollars) | Oct. 3, | Jul. 4, | Sep. 27, | Oct. 3, | Sep. 27, | |||||||||||||||||||
| 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
| Net Income attributable to Minerals Technologies Inc. | $ | 41.4 | $ | 41.9 | $ | 28.3 | $ | 123.2 | $ | 81.3 | ||||||||||||||
| Add back: | ||||||||||||||||||||||||
| Depreciation, depletion and amortization | 24.0 | 23.2 | 23.9 | 71.3 | 70.2 | |||||||||||||||||||
| Interest expense, net | 9.2 | 9.1 | 10.1 | 28.2 | 27.5 | |||||||||||||||||||
| Equity in earnings of affiliates, net of tax | (0.8 | ) | (0.5 | ) | (0.5 | ) | (1.8 | ) | (2.0 | ) | ||||||||||||||
| Net income attributable to non-controlling interests | 1.0 | 1.1 | 1.0 | 3.2 | 2.5 | |||||||||||||||||||
| Provision for taxes on income | 8.9 | 9.8 | 7.0 | 27.6 | 17.6 | |||||||||||||||||||
| EBITDA | 83.7 | 84.6 | 69.8 | 251.7 | 197.1 | |||||||||||||||||||
| Add special items: | ||||||||||||||||||||||||
| Litigation expenses | 0.0 | 0.0 | 1.5 | 0.0 | 10.4 | |||||||||||||||||||
| Acquisition-related expenses | 1.5 | 0.4 | 0.0 | 1.9 | 0.0 | |||||||||||||||||||
| Restructuring and other items, net | 1.1 | 0.0 | 1.5 | 1.1 | 8.0 | |||||||||||||||||||
| Non-cash pension settlement charge | 0.8 | 2.2 | 1.1 | 3.0 | 5.4 | |||||||||||||||||||
| Adjusted EBITDA | $ | 87.1 | $ | 87.2 | $ | 73.9 | $ | 257.7 | $ | 220.9 | ||||||||||||||
| % of sales | 18.4 | % | 19.1 | % | 19.0 | % | 18.7 | % | 19.0 | % | ||||||||||||||
| 7 | ) | The following table reflects the components of non-operating income and deductions: | ||||||||||||||||||||||
| (millions of dollars) | Quarter Ended | Nine Months Ended | ||||||||||||||||||||||
| Oct. 3, | Jul. 4, | Sep. 27, | Oct. 3, | Sep. 27, | ||||||||||||||||||||
| 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
| Interest income | $ | 0.8 | $ | 0.9 | $ | 0.5 | $ | 2.3 | $ | 1.2 | ||||||||||||||
| Interest expense | (10.0 | ) | (10.0 | ) | (10.6 | ) | (30.5 | ) | (28.7 | ) | ||||||||||||||
| Non-cash pension settlement charge | (0.8 | ) | (2.2 | ) | (1.1 | ) | (3.0 | ) | (5.4 | ) | ||||||||||||||
| Foreign exchange gains | 1.1 | 1.1 | 0.9 | 3.9 | 3.5 | |||||||||||||||||||
| Other deductions | (1.2 | ) | (1.2 | ) | (2.4 | ) | (3.6 | ) | (4.6 | ) | ||||||||||||||
| Non-operating deductions, net | $ | (10.1 | ) | $ | (11.4 | ) | $ | (12.7 | ) | $ | (30.9 | ) | $ | (34.0 | ) | |||||||||
| Included in non-operating deductions for the three-month periods ended October 3, 2021, July 4, 2021 and September 27, 2020 are non-cash pension settlement charges of $0.8 million, $2.2 million and $1.1 million, respectively, associated with some of our pension plans in the U.S. Included in non-operating deductions for the nine month periods ended October 3, 2021 and September 27, 2020 are non-cash pension settlement charges of $3.0 million and $5.4 million, respectively, associated with some of our pension plans in the U.S. | ||||||||||||||||||||||||
| 8 | ) | The analyst conference call to discuss operating results for the third quarter is scheduled for Friday, November 5, 2021 at 11:00 am E.T. and will be broadcast over the Company's website (www.mineralstech.com). The broadcast will remain on the Company's website for no less than one year. | ||||||||||||||||||||||
| 矿业技术公司和子公司 | ||||||||||||||||||||||||
| 简明合并损益表附注 | ||||||||||||||||||||||||
| 1 | ) | 为了比较起见，截至2021年10月3日、2021年7月4日和2020年9月27日的季度期分别为91天。截至2021年10月3日和2020年9月27日的九个月期间分别包括276天和271天。 | ||||||||||||||||||||||
| 2 | ) | 公司定期审查其部门以及首席决策者评估业绩和分配资源时使用的方法。因此，在2021年第一季度，为了支持MTI的关键增长计划并更紧密地协调互补技术、流程和能力，公司重组了其能源服务和高性能材料运营部门的管理结构，以更好地反映绩效评估和资源分配的方式。结果，能源服务被合并为高性能材料运营部门下的环境产品。下文按产品线列出了该运营部门2020年每个季度和全年的重报财务业绩，以符合当前的管理结构。 | ||||||||||||||||||||||
| 全年 | ||||||||||||||||||||||||
| （百万美元） | 季度已结束 | 已结束 | ||||||||||||||||||||||
| 3月29日 | 6月28日 | 9月27日 | 12 月 31 日 | 12 月 31 日 | ||||||||||||||||||||
| 2020 | 2020 | 2020 | 2020 | 2020 | ||||||||||||||||||||
| 销售 | ||||||||||||||||||||||||
| 金属铸造 | $ | 61.7 | $ | 52.8 | $ | 66.3 | $ | 77.3 | $ | 258.1 | ||||||||||||||
| 家居、个人护理和特种产品 | 96.2 | 87.9 | 93.9 | 102.2 | 380.2 | |||||||||||||||||||
| 环保产品 | 36.7 | 37.6 | 30.2 | 27.1 | 131.6 | |||||||||||||||||||
| 建筑材料 | 16.8 | 13.2 | 13.5 | 12.4 | 55.9 | |||||||||||||||||||
| 高性能材料板块 | $ | 2114 | $ | 191.5 | $ | 203.9 | $ | 219.0 | $ | 825.8 | ||||||||||||||
| 营业收入 | ||||||||||||||||||||||||
| 高性能材料板块 | $ | 27.3 | $ | 22.4 | $ | 28.2 | $ | 30.9 | $ | 108.8 | ||||||||||||||
| 占销售额的百分比 | 12.9 | % | 11.7 | % | 13.8 | % | 14.1 | % | 13.2 | % | ||||||||||||||
| 3 | ) | 2021 年 9 月，PCA 公司在其位于阿拉巴马州杰克逊的工厂停止使用 PCC。因此，该公司记录了70万美元的非现金资产减值费用以及40万美元的遣散费和其他关闭费用。 | ||||||||||||||||||||||
| 2020年8月，Domtar Corporation宣布，他们将在阿肯色州阿什当的工厂永久关闭之前闲置的造纸机。因此，该公司在该工厂的Paper PCC卫星设施在第三季度记录了110万美元的非现金减值资产费用。该公司还记录了其中一家封闭工厂的租赁终止费用。 | ||||||||||||||||||||||||
| 2020年6月，Verso Papers宣布他们将无限期关闭两家造纸厂。因此，该公司记录了600万美元的非现金资产减值费用和30万美元的遣散费，这些工厂的Paper PCC卫星设施的遣散费为30万美元。 | ||||||||||||||||||||||||
| （百万美元） | ||||||||||||||||||||||||
| 季度已结束 | 九个月已结束 | |||||||||||||||||||||||
| 十月 3日 | 七月 4, | 9月27日 | 十月 3日 | 9月27日 | ||||||||||||||||||||
| 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
| 资产减记 | ||||||||||||||||||||||||
| 特种矿物 | $ | 0.7 | $ | 0.0 | $ | 1.1 | $ | 0.7 | $ | 7.1 | ||||||||||||||
| 总资产减记 | $ | 0.7 | $ | 0.0 | $ | 1.1 | $ | 0.7 | $ | 7.1 | ||||||||||||||
| 重组和其他项目，净额 | ||||||||||||||||||||||||
| 遣散费相关费用 | $ | 0.2 | $ | 0.0 | $ | 0.0 | $ | 0.2 | $ | 0.3 | ||||||||||||||
| 其他费用 | 0.2 | 0.0 | 0.4 | 0.2 | 0.6 | |||||||||||||||||||
| $ | 0.4 | $ | 0.0 | $ | 0.4 | $ | 0.4 | $ | 0.9 | |||||||||||||||
| 重组和其他项目总额，净额 | $ | 1.1 | $ | 0.0 | $ | 1.5 | $ | 1.1 | $ | 8.0 | ||||||||||||||
| 4 | ) | 为了补充公司根据公认会计原则列报的合并财务报表，以下列出了公司截至2021年10月3日、2021年7月4日和2020年9月27日的季度以及截至2021年10月3日和2020年9月27日的九个月期间的非公认会计准则每股收益，不包括特殊项目，以及与这些期间报告的每股收益的对账表。公司管理层认为，这些非公认会计准则指标为其业绩提供了有意义的补充信息，因为纳入此类特殊项目并不代表持续的经营业绩，因此会影响不同时期业绩的可比性。该公司认为，纳入这些非公认会计准则指标还可以提高其财务报告的一致性，并促进投资者对历史运营趋势的理解。 | ||||||||||||||||||||||
| （百万美元） | 季度已结束 | 九个月已结束 | ||||||||||||||||||||||
| 十月 3日 | 七月 4, | 9月27日 | 十月 3日 | 9月27日 | ||||||||||||||||||||
| 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
| 归属于矿业技术公司的净收益 | $ | 41.4 | $ | 41.9 | $ | 28.3 | $ | 123.2 | $ | 81.3 | ||||||||||||||
| 占销售额的百分比 | 8.7 | % | 9.2 | % | 7.3 | % | 8.9 | % | 7.0 | % | ||||||||||||||
| 特殊物品： | ||||||||||||||||||||||||
| 重组和其他项目，净额 | 1.1 | 0.0 | 1.5 | 1.1 | 8.0 | |||||||||||||||||||
| 诉讼费用 | 0.0 | 0.0 | 1.5 | 0.0 | 10.4 | |||||||||||||||||||
| 收购相关费用 | 1.5 | 0.4 | 0.0 | 1.9 | 0.0 | |||||||||||||||||||
| 非现金养老金结算费 | 0.8 | 2.2 | 1.1 | 3.0 | 5.4 | |||||||||||||||||||
| 对特殊物品的相关税收影响 | (0.8) | ) | (0.6) | ) | (0.9) | ) | (1.4) | ) | (5.6) | ) | ||||||||||||||
| 归属于矿业技术公司的净收益，不包括特殊项目 | $ | 44.0 | $ | 43.9 | $ | 31.5 | $ | 127.8 | $ | 99.5 | ||||||||||||||
| 占销售额的百分比 | 9.3 | % | 9.6 | % | 8.1 | % | 9.3 | % | 8.6 | % | ||||||||||||||
| 摊薄后的每股收益，不包括特殊项目 | $ | 1.30 | $ | 1.29 | $ | 0.92 | $ | 3.77 | $ | 2.91 | ||||||||||||||
| 截至2020年9月27日的三个月和九个月期间的诉讼费用分别包括与Novinda Corp破产相关的仲裁裁决的150万美元和950万美元的费用 | ||||||||||||||||||||||||
| 5 | ) | 自由现金流定义为来自持续经营业务的现金流减去资本支出。以下是公司截至2021年10月3日、2021年7月4日和2020年9月27日的季度以及截至2021年10月3日和2020年9月27日的九个月期间的非公认会计准则自由现金流的介绍，以及这些时期的运营现金流对账情况。公司管理层认为，这项非公认会计准则指标提供了有意义的补充信息，因为管理层使用该衡量标准来评估公司维护资本资产、履行当前和未来债务、回购股票、支付股息和为未来商业机会提供资金的能力。自由现金流不是衡量可用于全权支出的现金的指标，因为公司有某些非全权负债，例如未从该措施中扣除的还本付息。公司对自由现金流的定义可能无法与其他公司报告的同名指标相提并论。 | ||||||||||||||||||||||
| 季度已结束 | 九个月已结束 | |||||||||||||||||||||||
| （百万美元） | 十月 3日 | 七月 4, | 9月27日 | 十月 3日 | 9月27日 | |||||||||||||||||||
| 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
| 来自持续经营业务的现金流 | $ | 45.1 | $ | 67.1 | $ | 54.3 | $ | 163.1 | $ | 148.4 | ||||||||||||||
| 资本支出 | 23.1 | 22.2 | 14.2 | 63.0 | 45.8 | |||||||||||||||||||
| 自由现金流 | $ | 22.0 | $ | 44.9 | $ | 40.1 | $ | 100.1 | $ | 102.6 | ||||||||||||||
| 折旧、损耗和摊销费用 | $ | 24.0 | $ | 23.2 | $ | 23.9 | $ | 71.3 | $ | 70.2 | ||||||||||||||
| 6 | ) | “调整后息税折旧摊销前利润” 是一种非公认会计准则财务指标，指未计利息、税项、折旧和摊销前的收益（EBITDA），不包括特殊项目。以下是公司截至2021年10月3日、2021年7月4日和2020年9月27日的季度以及截至2021年10月3日和2020年9月27日的九个月期间的非公认会计准则息税折旧摊销前利润和调整后息税折旧摊销前利润的介绍，以及这些期间的净收入对账情况。公司管理层认为，这些非公认会计准则指标提供了有关其业绩的有意义的补充信息，并促进了投资者对历史运营趋势的理解。 | ||||||||||||||||||||||
| 季度已结束 | 九个月已结束 | |||||||||||||||||||||||
| （百万美元） | 十月 3日 | 七月 4, | 9月27日 | 十月 3日 | 9月27日 | |||||||||||||||||||
| 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
| 归属于矿业技术公司的净收益 | $ | 41.4 | $ | 41.9 | $ | 28.3 | $ | 123.2 | $ | 81.3 | ||||||||||||||
| 重新添加： | ||||||||||||||||||||||||
| 折旧、损耗和摊销 | 24.0 | 23.2 | 23.9 | 71.3 | 70.2 | |||||||||||||||||||
| 利息支出，净额 | 9.2 | 9.1 | 10.1 | 28.2 | 27.5 | |||||||||||||||||||
| 扣除税款后的关联公司收益中的权益 | (0.8) | ) | (0.5) | ) | (0.5) | ) | (1.8) | ) | (2.0) | ) | ||||||||||||||
| 归属于非控股权益的净收益 | 1.0 | 1.1 | 1.0 | 3.2 | 2.5 | |||||||||||||||||||
| 所得税准备金 | 8.9 | 9.8 | 7.0 | 27.6 | 17.6 | |||||||||||||||||||
| EBITDA | 83.7 | 84.6 | 69.8 | 251.7 | 197.1 | |||||||||||||||||||
| 添加特殊物品： | ||||||||||||||||||||||||
| 诉讼费用 | 0.0 | 0.0 | 1.5 | 0.0 | 10.4 | |||||||||||||||||||
| 收购相关费用 | 1.5 | 0.4 | 0.0 | 1.9 | 0.0 | |||||||||||||||||||
| 重组和其他项目，净额 | 1.1 | 0.0 | 1.5 | 1.1 | 8.0 | |||||||||||||||||||
| 非现金养老金结算费 | 0.8 | 2.2 | 1.1 | 3.0 | 5.4 | |||||||||||||||||||
| 调整后 EBITDA | $ | 87.1 | $ | 87.2 | $ | 73.9 | $ | 257.7 | $ | 220.9 | ||||||||||||||
| 占销售额的百分比 | 18.4 | % | 19.1 | % | 19.0 | % | 18.7 | % | 19.0 | % | ||||||||||||||
| 7 | ) | 下表反映了营业外收入和扣除额的组成部分： | ||||||||||||||||||||||
| （百万美元） | 季度已结束 | 九个月已结束 | ||||||||||||||||||||||
| 十月 3日 | 七月 4, | 9月27日 | 十月 3日 | 9月27日 | ||||||||||||||||||||
| 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
| 利息收入 | $ | 0.8 | $ | 0.9 | $ | 0.5 | $ | 2.3 | $ | 1.2 | ||||||||||||||
| 利息支出 | (10.0) | ) | (10.0) | ) | (10.6 | ) | (30.5) | ) | (28.7) | ) | ||||||||||||||
| 非现金养老金结算费 | (0.8) | ) | (2.2) | ) | (1.1) | ) | (3.0 | ) | (5.4) | ) | ||||||||||||||
| 外汇收益 | 1.1 | 1.1 | 0.9 | 3.9 | 3.5 | |||||||||||||||||||
| 其他扣除额 | (1.2 | ) | (1.2 | ) | (2.4) | ) | (3.6) | ) | (4.6) | ) | ||||||||||||||
| 营业外扣除额，净额 | $ | (10.1) | ) | $ | (11.4 | ) | $ | (12.7 | ) | $ | (30.9 | ) | $ | (34.0) | ) | |||||||||
| 截至2021年10月3日、2021年7月4日和2020年9月27日的三个月期间，非营业扣除额中包括与我们在美国的一些养老金计划相关的分别为80万美元、220万美元和110万美元的非现金养老金结算费用。截至2021年10月3日和2020年9月27日的九个月期间，非营业扣除额中分别包含300万美元和540万美元的非现金养老金结算费用，与我们在美国的一些养老金计划有关 | ||||||||||||||||||||||||
| 8 | ) | 讨论第三季度经营业绩的分析师电话会议定于美国东部时间2021年11月5日星期五上午11点举行，并将在公司网站（www.mineralstech.com）上播出。该广播将在公司网站上保留不少于一年。 | ||||||||||||||||||||||
| SUPPLEMENTARY DATA | |||||||||||||||||||||||||||||||
| MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | |||||||||||||||||||||||||||||||
| (millions of dollars) | |||||||||||||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||||||||||||
| Quarter Ended | % Growth | Nine Months Ended | % Growth | ||||||||||||||||||||||||||||
| SALES DATA | Oct. 3, | % of | Jul. 4, | % of | Sep. 27, | % of | Oct. 3, | % of | Sep. 27, | % of | |||||||||||||||||||||
| 2021 | Total Sales | 2021 | Total Sales | 2020 | Total Sales | Prior Qtr | Prior Year | 2021 | Total Sales | 2020 | Total Sales | Prior Year | |||||||||||||||||||
| United States | $ | 245.5 | 52 | % | $ | 239.9 | 53 | % | $ | 199.9 | 51 | % | 2 | % | 23 | % | $ | 712.9 | 52 | % | $ | 607.5 | 52 | % | 17 | % | |||||
| International | 227.7 | 48 | % | 215.7 | 47 | % | 188.4 | 49 | % | 6 | % | 21 | % | 668.5 | 48 | % | 555.5 | 48 | % | 20 | % | ||||||||||
| Net Sales | $ | 473.2 | 100 | % | $ | 455.6 | 100 | % | $ | 388.3 | 100 | % | 4 | % | 22 | % | $ | 1,381.4 | 100 | % | $ | 1,163.0 | 100 | % | 19 | % | |||||
| Household, Personal Care & Specialty Products | $ | 121.8 | 26 | % | $ | 102.6 | 23 | % | $ | 93.9 | 24 | % | 19 | % | 30 | % | $ | 333.9 | 24 | % | $ | 278.0 | 24 | % | 20 | % | |||||
| Metalcasting | 72.9 | 15 | % | 80.5 | 18 | % | 66.3 | 17 | % | (9 | )% | 10 | % | 235.0 | 17 | % | 180.8 | 16 | % | 30 | % | ||||||||||
| Environmental Products | 39.8 | 8 | % | 39.9 | 9 | % | 30.2 | 8 | % | (0 | )% | 32 | % | 105.8 | 8 | % | 104.5 | 9 | % | 1 | % | ||||||||||
| Building Materials | 15.9 | 3 | % | 15.4 | 3 | % | 13.5 | 3 | % | 3 | % | 18 | % | 45.0 | 3 | % | 43.5 | 4 | % | 3 | % | ||||||||||
| Performance Materials Segment | $ | 250.4 | 53 | % | $ | 238.4 | 52 | % | $ | 203.9 | 53 | % | 5 | % | 23 | % | $ | 719.7 | 52 | % | $ | 606.8 | 52 | % | 19 | % | |||||
| Paper PCC | $ | 89.5 | 19 | % | $ | 85.8 | 19 | % | $ | 74.5 | 19 | % | 4 | % | 20 | % | $ | 264.9 | 19 | % | $ | 225.1 | 19 | % | 18 | % | |||||
| Specialty PCC | 18.2 | 4 | % | 18.5 | 4 | % | 17.3 | 4 | % | (2 | )% | 5 | % | 57.1 | 4 | % | 49.7 | 4 | % | 15 | % | ||||||||||
| PCC Products | $ | 107.7 | 23 | % | $ | 104.3 | 23 | % | $ | 91.8 | 24 | % | 3 | % | 17 | % | $ | 322.0 | 23 | % | $ | 274.8 | 24 | % | 17 | % | |||||
| Ground Calcium Carbonate | $ | 25.0 | 5 | % | $ | 25.5 | 6 | % | $ | 23.2 | 6 | % | (2 | )% | 8 | % | $ | 74.5 | 5 | % | 66.4 | 6 | % | 12 | % | ||||||
| Talc | 14.2 | 3 | % | 12.9 | 3 | % | 10.1 | 3 | % | 10 | % | 41 | % | 40.9 | 3 | % | 30.8 | 3 | % | 33 | % | ||||||||||
| Processed Minerals Products | $ | 39.2 | 8 | % | $ | 38.4 | 8 | % | $ | 33.3 | 9 | % | 2 | % | 18 | % | $ | 115.4 | 8 | % | $ | 97.2 | 8 | % | 19 | % | |||||
| Specialty Minerals Segment | $ | 146.9 | 31 | % | $ | 142.7 | 31 | % | $ | 125.1 | 32 | % | 3 | % | 17 | % | $ | 437.4 | 32 | % | $ | 372.0 | 32 | % | 18 | % | |||||
| Refractory Products | $ | 58.3 | 12 | % | $ | 58.0 | 13 | % | $ | 48.8 | 13 | % | 1 | % | 19 | % | $ | 175.1 | 13 | % | $ | 151.7 | 13 | % | 15 | % | |||||
| Metallurgical Products | 17.6 | 4 | % | 16.5 | 4 | % | 10.5 | 3 | % | 7 | % | 68 | % | 49.2 | 4 | % | 32.5 | 3 | % | 51 | % | ||||||||||
| Refractories Segment | $ | 75.9 | 16 | % | $ | 74.5 | 16 | % | $ | 59.3 | 15 | % | 2 | % | 28 | % | $ | 224.3 | 16 | % | $ | 184.2 | 16 | % | 22 | % | |||||
| Net Sales | $ | 473.2 | 100 | % | $ | 455.6 | 100 | % | $ | 388.3 | 100 | % | 4 | % | 22 | % | $ | 1,381.4 | 100 | % | $ | 1,163.0 | 100 | % | 19 | % | |||||
| 补充数据 | |||||||||||||||||||||||||||||||
| 矿业技术公司和子公司 | |||||||||||||||||||||||||||||||
| （百万美元） | |||||||||||||||||||||||||||||||
| （未经审计） | |||||||||||||||||||||||||||||||
| 季度已结束 | % 增长 | 九个月已结束 | % 增长 | ||||||||||||||||||||||||||||
| 销售数据 | 十月 3日 | % 的 | 七月 4, | % 的 | 9月27日 | % 的 | 十月 3日 | % 的 | 9月27日 | % 的 | |||||||||||||||||||||
| 2021 | 总销售额 | 2021 | 总销售额 | 2020 | 总销售额 | 上一季度 | 前一年 | 2021 | 总销售额 | 2020 | 总销售额 | 前一年 | |||||||||||||||||||
| 美国 | $ | 245.5 | 52 | % | $ | 239.9 | 53 | % | $ | 199.9 | 51 | % | 2 | % | 23 | % | $ | 712.9 | 52 | % | $ | 607.5 | 52 | % | 17 | % | |||||
| 国际 | 227.7 | 48 | % | 215.7 | 47 | % | 188.4 | 49 | % | 6 | % | 21 | % | 668.5 | 48 | % | 555.5 | 48 | % | 20 | % | ||||||||||
| 净销售额 | $ | 473.2 | 100 | % | $ | 455.6 | 100 | % | $ | 388.3 | 100 | % | 4 | % | 22 | % | $ | 1,381.4 | 100 | % | $ | 1,163.0 | 100 | % | 19 | % | |||||
| 家居、个人护理和特种产品 | $ | 121.8 | 26 | % | $ | 102.6 | 23 | % | $ | 93.9 | 24 | % | 19 | % | 30 | % | $ | 333.9 | 24 | % | $ | 278.0 | 24 | % | 20 | % | |||||
| 金属铸造 | 72.9 | 15 | % | 80.5 | 18 | % | 66.3 | 17 | % | (9) | )% | 10 | % | 235.0 | 17 | % | 180.8 | 16 | % | 30 | % | ||||||||||
| 环保产品 | 39.8 | 8 | % | 39.9 | 9 | % | 30.2 | 8 | % | (0) | )% | 32 | % | 105.8 | 8 | % | 104.5 | 9 | % | 1 | % | ||||||||||
| 建筑材料 | 15.9 | 3 | % | 15.4 | 3 | % | 13.5 | 3 | % | 3 | % | 18 | % | 45.0 | 3 | % | 43.5 | 4 | % | 3 | % | ||||||||||
| 高性能材料板块 | $ | 250.4 | 53 | % | $ | 238.4 | 52 | % | $ | 203.9 | 53 | % | 5 | % | 23 | % | $ | 719.7 | 52 | % | $ | 606.8 | 52 | % | 19 | % | |||||
| Paper PCC | $ | 89.5 | 19 | % | $ | 85.8 | 19 | % | $ | 74.5 | 19 | % | 4 | % | 20 | % | $ | 264.9 | 19 | % | $ | 225.1 | 19 | % | 18 | % | |||||
| 专业电脑控制器 | 18.2 | 4 | % | 18.5 | 4 | % | 17.3 | 4 | % | (2) | )% | 5 | % | 57.1 | 4 | % | 49.7 | 4 | % | 15 | % | ||||||||||
| PCC 产品 | $ | 107.7 | 23 | % | $ | 104.3 | 23 | % | $ | 91.8 | 24 | % | 3 | % | 17 | % | $ | 322.0 | 23 | % | $ | 274.8 | 24 | % | 17 | % | |||||
| 磨碎的碳酸钙 | $ | 25.0 | 5 | % | $ | 25.5 | 6 | % | $ | 23.2 | 6 | % | (2) | )% | 8 | % | $ | 74.5 | 5 | % | 66.4 | 6 | % | 12 | % | ||||||
| 滑石 | 14.2 | 3 | % | 12.9 | 3 | % | 10.1 | 3 | % | 10 | % | 41 | % | 40.9 | 3 | % | 30.8 | 3 | % | 33 | % | ||||||||||
| 加工矿物产品 | $ | 39.2 | 8 | % | $ | 38.4 | 8 | % | $ | 33.3 | 9 | % | 2 | % | 18 | % | $ | 115.4 | 8 | % | $ | 97.2 | 8 | % | 19 | % | |||||
| 特种矿物板块 | $ | 146.9 | 31 | % | $ | 142.7 | 31 | % | $ | 125.1 | 32 | % | 3 | % | 17 | % | $ | 437.4 | 32 | % | $ | 372.0 | 32 | % | 18 | % | |||||
| 耐火产品 | $ | 58.3 | 12 | % | $ | 58.0 | 13 | % | $ | 48.8 | 13 | % | 1 | % | 19 | % | $ | 175.1 | 13 | % | $ | 151.7 | 13 | % | 15 | % | |||||
| 冶金产品 | 17.6 | 4 | % | 16.5 | 4 | % | 10.5 | 3 | % | 7 | % | 68 | % | 49.2 | 4 | % | 32.5 | 3 | % | 51 | % | ||||||||||
| 耐火材料板块 | $ | 75.9 | 16 | % | $ | 74.5 | 16 | % | $ | 59.3 | 15 | % | 2 | % | 28 | % | $ | 224.3 | 16 | % | $ | 184.2 | 16 | % | 22 | % | |||||
| 净销售额 | $ | 473.2 | 100 | % | $ | 455.6 | 100 | % | $ | 388.3 | 100 | % | 4 | % | 22 | % | $ | 1,381.4 | 100 | % | $ | 1,163.0 | 100 | % | 19 | % | |||||
| SUPPLEMENTARY DATA | |||||||||||||||||||||||||||
| MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | |||||||||||||||||||||||||||
| (millions of dollars) | |||||||||||||||||||||||||||
| (unaudited) | |||||||||||||||||||||||||||
| Quarter Ended | % Growth | Nine Months Ended | % Growth | ||||||||||||||||||||||||
| Oct. 3, | Jul. 4, | Sep. 27, | Oct. 3, | Sep. 27, | |||||||||||||||||||||||
| SEGMENT OPERATING INCOME DATA | 2021 | 2021 | 2020 |
Prior Qtr |
Prior Year |
2021 | 2020 |
Prior Year |
|||||||||||||||||||
| Performance Materials Segment | $ | 32.0 | $ | 34.7 | $ | 28.2 | (8 | )% | 13 | % | $ | 96.5 | $ | 77.9 | 24 | % | |||||||||||
| % of Sales | 12.8 | % | 14.6 | % | 13.8 | % | 13.4 | % | 12.8 | % | |||||||||||||||||
| Specialty Minerals Segment | $ | 17.3 | $ | 20.0 | $ | 16.6 | (14 | )% | 4 | % | $ | 58.4 | $ | 45.9 | 27 | % | |||||||||||
| % of Sales | 11.8 | % | 14.0 | % | 13.3 | % | 13.4 | % | 12.3 | % | |||||||||||||||||
| Refractories Segment | $ | 13.2 | $ | 11.7 | $ | 7.3 | 13 | % | 81 | % | $ | 36.9 | $ | 24.4 | 51 | % | |||||||||||
| % of Sales | 17.4 | % | 15.7 | % | 12.3 | % | 16.5 | % | 13.2 | % | |||||||||||||||||
| Unallocated and other Corporate Expenses | $ | (1.9 | ) | $ | (2.7 | ) | $ | (3.6 | ) | (30 | )% | (47 | )% | $ | (8.7 | ) | $ | (14.8 | ) | (41 | )% | ||||||
| Consolidated | $ | 60.6 | $ | 63.7 | $ | 48.5 | (5 | )% | 25 | % | $ | 183.1 | $ | 133.4 | 37 | % | |||||||||||
| % of Sales | 12.8 | % | 14.0 | % | 12.5 | % | 13.3 | % | 11.5 | % | |||||||||||||||||
| SPECIAL ITEMS | |||||||||||||||||||||||||||
| Performance Materials Segment | $ | 0.6 | $ | 0.0 | $ | 0.0 | * | * | $ | 0.6 | $ | 0.0 | * | ||||||||||||||
| Specialty Minerals Segment | $ | 1.1 | $ | 0.0 | $ | 1.4 | * | * | $ | 1.1 | $ | 7.7 | * | ||||||||||||||
| Refractories Segment | $ | 0.0 | $ | 0.0 | $ | 0.0 | * | * | $ | 0.0 | $ | 0.0 | * | ||||||||||||||
| Unallocated and Other Corporate Expenses | $ | 0.9 | $ | 0.4 | $ | 1.6 | * | * | $ | 1.3 | $ | 10.7 | * | ||||||||||||||
| Consolidated | $ | 2.6 | $ | 0.4 | $ | 3.0 | * | * | $ | 3.0 | $ | 18.4 | * | ||||||||||||||
| To supplement the Company's consolidated financial statements presented in accordance with GAAP, the following is a presentation of the Company's non-GAAP operating income, excluding special items for the quarterly periods ended October 3, 2021, July 4, 2021 and September 27, 2020, and the nine month periods ended October 3, 2021 and September 27, 2020 constituting a reconciliation to GAAP operating income set forth above. The Company's management believe these non-GAAP measures provide meaningful supplemental information regarding its performance as inclusion of such special items are not indicative of ongoing operating results and thereby affect the comparability of results between periods. The Company believes inclusion of these non-GAAP measures also provides consistency in its financial reporting and facilitates investors' understanding of historic operating trends. | |||||||||||||||||||||||||||
| Quarter Ended | % Growth | Nine Months Ended | % Growth | ||||||||||||||||||||||||
| SEGMENT OPERATING INCOME, | Oct. 3, | Jul. 4, | Sep. 27, | Oct. 3, | Sep. 27, | ||||||||||||||||||||||
| EXCLUDING SPECIAL ITEMS | 2021 | 2021 | 2020 |
Prior Qtr |
Prior Year |
2021 | 2020 |
Prior Year |
|||||||||||||||||||
| Performance Materials Segment | $ | 32.6 | $ | 34.7 | $ | 28.2 | (6 | )% | 16 | % | $ | 97.1 | $ | 77.9 | 25 | % | |||||||||||
| % of Sales | 13.0 | % | 14.6 | % | 13.8 | % | 13.5 | % | 12.8 | % | |||||||||||||||||
| Specialty Minerals Segment | $ | 18.4 | $ | 20.0 | $ | 18.0 | (8 | )% | 2 | % | $ | 59.5 | $ | 53.6 | 11 | % | |||||||||||
| % of Sales | 12.5 | % | 14.0 | % | 14.4 | % | 13.6 | % | 14.4 | % | |||||||||||||||||
| Refractories Segment | $ | 13.2 | $ | 11.7 | $ | 7.3 | 13 | % | 81 | % | $ | 36.9 | $ | 24.4 | 51 | % | |||||||||||
| % of Sales | 17.4 | % | 15.7 | % | 12.3 | % | 16.5 | % | 13.2 | % | |||||||||||||||||
| Unallocated Corporate Expenses | $ | (1.0 | ) | $ | (2.3 | ) | $ | (2.0 | ) | (57 | )% | (50 | )% | $ | (7.4 | ) | $ | (4.1 | ) | 80 | % | ||||||
| Consolidated | $ | 63.2 | $ | 64.1 | $ | 51.5 | (1 | )% | 23 | % | $ | 186.1 | $ | 151.8 | 23 | % | |||||||||||
| % of Sales | 13.4 | % | 14.1 | % | 13.3 | % | 13.5 | % | 13.1 | % | |||||||||||||||||
| * Percentage not meaningful | |||||||||||||||||||||||||||
| 补充数据 | |||||||||||||||||||||||||||
| 矿业技术公司和子公司 | |||||||||||||||||||||||||||
| （百万美元） | |||||||||||||||||||||||||||
| （未经审计） | |||||||||||||||||||||||||||
| 季度已结束 | % 增长 | 九个月已结束 | % 增长 | ||||||||||||||||||||||||
| 十月 3日 | 七月 4, | 9月27日 | 十月 3日 | 9月27日 | |||||||||||||||||||||||
| 分部营业收入数据 | 2021 | 2021 | 2020 |
上一季度 |
前一年 |
2021 | 2020 |
前一年 |
|||||||||||||||||||
| 高性能材料板块 | $ | 32.0 | $ | 34.7 | $ | 28.2 | (8) | )% | 13 | % | $ | 96.5 | $ | 77.9 | 24 | % | |||||||||||
| 占销售额的百分比 | 12.8 | % | 14.6 | % | 13.8 | % | 13.4 | % | 12.8 | % | |||||||||||||||||
| 特种矿物板块 | $ | 17.3 | $ | 20.0 | $ | 16.6 | (14) | )% | 4 | % | $ | 58.4 | $ | 45.9 | 27 | % | |||||||||||
| 占销售额的百分比 | 11.8 | % | 14.0 | % | 13.3 | % | 13.4 | % | 12.3 | % | |||||||||||||||||
| 耐火材料板块 | $ | 13.2 | $ | 11.7 | $ | 7.3 | 13 | % | 81 | % | $ | 36.9 | $ | 24.4 | 51 | % | |||||||||||
| 占销售额的百分比 | 17.4 | % | 15.7 | % | 12.3 | % | 16.5 | % | 13.2 | % | |||||||||||||||||
| 未分配费用和其他公司费用 | $ | (1.9) | ) | $ | (2.7 | ) | $ | (3.6) | ) | (30) | )% | (47) | )% | $ | (8.7) | ) | $ | (14.8) | ) | (41) | )% | ||||||
| 合并 | $ | 60.6 | $ | 63.7 | $ | 48.5 | (5) | )% | 25 | % | $ | 183.1 | $ | 133.4 | 37 | % | |||||||||||
| 占销售额的百分比 | 12.8 | % | 14.0 | % | 12.5 | % | 13.3 | % | 11.5 | % | |||||||||||||||||
| 特殊物品 | |||||||||||||||||||||||||||
| 高性能材料板块 | $ | 0.6 | $ | 0.0 | $ | 0.0 | * | * | $ | 0.6 | $ | 0.0 | * | ||||||||||||||
| 特种矿物板块 | $ | 1.1 | $ | 0.0 | $ | 1.4 | * | * | $ | 1.1 | $ | 7.7 | * | ||||||||||||||
| 耐火材料板块 | $ | 0.0 | $ | 0.0 | $ | 0.0 | * | * | $ | 0.0 | $ | 0.0 | * | ||||||||||||||
| 未分配费用和其他公司费用 | $ | 0.9 | $ | 0.4 | $ | 1.6 | * | * | $ | 1.3 | $ | 10.7 | * | ||||||||||||||
| 合并 | $ | 2.6 | $ | 0.4 | $ | 3.0 | * | * | $ | 3.0 | $ | 18.4 | * | ||||||||||||||
| 为了补充公司根据公认会计原则列报的合并财务报表，以下列出了公司的非公认会计准则营业收入，不包括截至2021年10月3日、2021年7月4日和2020年9月27日的季度以及截至2021年10月3日和2020年9月27日的九个月期间的非公认会计准则营业收入对账表的特殊项目。公司管理层认为，这些非公认会计准则指标为其业绩提供了有意义的补充信息，因为纳入此类特殊项目并不表示持续的经营业绩，因此会影响不同时期业绩的可比性。该公司认为，纳入这些非公认会计准则指标还可以提高其财务报告的一致性，并促进投资者对历史运营趋势的理解。 | |||||||||||||||||||||||||||
| 季度已结束 | % 增长 | 九个月已结束 | % 增长 | ||||||||||||||||||||||||
| 分部营业收入， | 十月 3日 | 七月 4, | 9月27日 | 十月 3日 | 9月27日 | ||||||||||||||||||||||
| 不包括特殊物品 | 2021 | 2021 | 2020 |
上一季度 |
前一年 |
2021 | 2020 |
前一年 |
|||||||||||||||||||
| 高性能材料板块 | $ | 32.6 | $ | 34.7 | $ | 28.2 | (6) | )% | 16 | % | $ | 97.1 | $ | 77.9 | 25 | % | |||||||||||
| 占销售额的百分比 | 13.0 | % | 14.6 | % | 13.8 | % | 13.5 | % | 12.8 | % | |||||||||||||||||
| 特种矿物板块 | $ | 18.4 | $ | 20.0 | $ | 18.0 | (8) | )% | 2 | % | $ | 59.5 | $ | 53.6 | 11 | % | |||||||||||
| 占销售额的百分比 | 12.5 | % | 14.0 | % | 14.4 | % | 13.6 | % | 14.4 | % | |||||||||||||||||
| 耐火材料板块 | $ | 13.2 | $ | 11.7 | $ | 7.3 | 13 | % | 81 | % | $ | 36.9 | $ | 24.4 | 51 | % | |||||||||||
| 占销售额的百分比 | 17.4 | % | 15.7 | % | 12.3 | % | 16.5 | % | 13.2 | % | |||||||||||||||||
| 未分配的公司费用 | $ | (1.0) | ) | $ | (2.3) | ) | $ | (2.0) | ) | (57) | )% | (50) | )% | $ | (7.4 | ) | $ | (4.1 | ) | 80 | % | ||||||
| 合并 | $ | 63.2 | $ | 64.1 | $ | 51.5 | (1) | )% | 23 | % | $ | 186.1 | $ | 151.8 | 23 | % | |||||||||||
| 占销售额的百分比 | 13.4 | % | 14.1 | % | 13.3 | % | 13.5 | % | 13.1 | % | |||||||||||||||||
| * 百分比没有意义 | |||||||||||||||||||||||||||
| MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES | |||||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||||
| ASSETS | |||||||||
| (In Millions of Dollars) | |||||||||
| October 3, | December 31, | ||||||||
| 2021* | 2020** | ||||||||
| Current assets: | |||||||||
| Cash & cash equivalents | $ | 309.9 | $ | 367.7 | |||||
| Short-term investments | 1.4 | 4.1 | |||||||
| Accounts receivable, net | 383.4 | 369.0 | |||||||
| Inventories | 282.1 | 248.2 | |||||||
| Prepaid expenses and other current assets | 53.0 | 44.6 | |||||||
| Total current assets | 1,029.8 | 1,033.6 | |||||||
| Property, plant and equipment | 2,293.3 | 2,276.9 | |||||||
| Less accumulated depreciation | 1,240.9 | 1,237.3 | |||||||
| Net property, plant & equipment | 1,052.4 | 1,039.6 | |||||||
| Goodwill | 909.8 | 808.5 | |||||||
| Intangible assets | 254.0 | 195.8 | |||||||
| Other assets and deferred charges | 138.3 | 131.9 | |||||||
| Total assets | $ | 3,384.3 | $ | 3,209.4 | |||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||
| Current liabilities: | |||||||||
| Short-term debt | $ | 100.5 | $ | 0.0 | |||||
| Current maturities of long-term debt | 0.8 | 1.0 | |||||||
| Accounts payable | 185.5 | 148.3 | |||||||
| Other current liabilities | 136.5 | 146.5 | |||||||
| Total current liabilities | 423.3 | 295.8 | |||||||
| Long-term debt | 935.3 | 933.2 | |||||||
| Deferred income taxes | 169.7 | 163.7 | |||||||
| Other non-current liabilities | 310.4 | 318.0 | |||||||
| Total liabilities | 1,838.7 | 1,710.7 | |||||||
| Total MTI shareholders' equity | 1,506.3 | 1,460.8 | |||||||
| Non-controlling Interests | 39.3 | 37.9 | |||||||
| Total shareholders' equity | 1,545.6 | 1,498.7 | |||||||
| Total liabilities and shareholders' equity | $ | 3,384.3 | $ | 3,209.4 | |||||
| * | Unaudited | ||||||||
| ** | Condensed from audited financial statements. | ||||||||
| 矿业技术公司和子公司 | |||||||||
| 简明的合并资产负债表 | |||||||||
| 资产 | |||||||||
| （以百万美元计） | |||||||||
| 10月3日 | 十二月三十一日 | ||||||||
| 2021* | 2020** | ||||||||
| 流动资产： | |||||||||
| 现金和现金等价物 | $ | 309.9 | $ | 367.7 | |||||
| 短期投资 | 1.4 | 4.1 | |||||||
| 应收账款，净额 | 383.4 | 369.0 | |||||||
| 库存 | 282.1 | 248.2 | |||||||
| 预付费用和其他流动资产 | 53.0 | 44.6 | |||||||
| 流动资产总额 | 1,029.8 | 1,033.6 | |||||||
| 不动产、厂房和设备 | 2,293.3 | 2,276.9 | |||||||
| 减去累计折旧 | 1,240.9 | 1,237.3 | |||||||
| 净财产、厂房和设备 | 1,052.4 | 1,039.6 | |||||||
| 善意 | 909.8 | 808.5 | |||||||
| 无形资产 | 254.0 | 195.8 | |||||||
| 其他资产和递延费用 | 138.3 | 131.9 | |||||||
| 总资产 | $ | 3,384.3 | $ | 3,209.4 | |||||
| 负债和股东权益 | |||||||||
| 流动负债： | |||||||||
| 短期债务 | $ | 100.5 | $ | 0.0 | |||||
| 长期债务的当前到期日 | 0.8 | 1.0 | |||||||
| 应付账款 | 185.5 | 148.3 | |||||||
| 其他流动负债 | 136.5 | 146.5 | |||||||
| 流动负债总额 | 423.3 | 295.8 | |||||||
| 长期债务 | 935.3 | 933.2 | |||||||
| 递延所得税 | 169.7 | 163.7 | |||||||
| 其他非流动负债 | 310.4 | 318.0 | |||||||
| 负债总额 | 1,838.7 | 1,710.7 | |||||||
| MTI 股东权益总额 | 1,506.3 | 1,460.8 | |||||||
| 非控股权益 | 39.3 | 37.9 | |||||||
| 股东权益总额 | 1,5456 | 1,498.7 | |||||||
| 负债和股东权益总额 | $ | 3,384.3 | $ | 3,209.4 | |||||
| * | 未经审计 | ||||||||
| ** | 摘自经审计的财务报表。 | ||||||||
| Investor Contact: Erik Aldag, (212) 878-1831 |
| Media Contact: Michael Landau, (212) 878-1840 |
| 投资者联系人： 埃里克·阿尔达格，(212) 878-1831 |
| 媒体联系人： 迈克尔·兰道，(212) 878-1840 |