welcome
TipRanks

TipRanks

Business

Business & Economics

Minerals Technologies lowers Q1 revenue view to $492M from $500M

TipRanks
Summary
Nutrition label

85% Informative

Lowers Q1 operating income $ 63 M, excluding the special charges related to BMI OldCo and restructuring, from $ 70M.

Lower volumes in January extended longer than expected, impacting volumes throughout the quarter .

MTI took proactive measures to address the higher operating costs that resulted from the lower volumes.