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Quarterly Financial Data (unaudited) (Tables)
 12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
Millions of Dollars, Except Per Share Amounts

2012 Quarters
 
 
First
 
 
 
Second
 
 
 
Third
 
 
 
Fourth
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Sales by Major Product Line
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PCC                                                                        
 
$
138.1
 
 
$
136.3
 
 
$
137.0
 
 
$
134.9
 
 
Processed Minerals                                                                        
 
 
29.6
 
 
 
31.8
 
 
 
28.6
 
 
 
25.9
 
 
Specialty Minerals Segment  
 
 
167.7
 
 
 
168.1
 
 
 
165.6
 
 
 
160.8
 
 
Refractories Segment  
 
 
89.4
 
 
 
85.9
 
 
 
84.7
 
 
 
83.4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales                                                                            
 
 
257.1
 
 
 
254.0
 
 
 
250.3
 
 
 
244.2
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross profit                                                                            
 
 
54.9
 
 
 
56.3
 
 
 
55.0
 
 
 
53.1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from operations                                                                            
 
 
27.0
 
 
 
29.5
 
 
 
27.8
 
 
 
25.7
 
Consolidated net income                                                                            
 
 
18.6
 
 
 
20.2
 
 
 
19.2
 
 
 
18.2
 
Non-controlling interests                                                                            
 
 
(0.6
)
 
 
(0.5
)
 
 
(0.6
)
 
 
(0.5
)
 
Net income attributable to MTI
 
$
18.0
 
 
$
19.7
 
 
$
18.6
 
 
$
17.7
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic                                                                      
 
$
0.51
 
 
$
0.56
 
 
$
0.53
 
 
$
0.50
 
Diluted                                                                      
 
$
0.51
 
 
$
0.56
 
 
$
0.53
 
 
$
0.50
 

Market price range per share of common stock:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
High  
 
$
33.96
 
 
$
33.60
 
 
$
36.99
 
 
$
39.92
 
 
Low  
 
$
28.78
 
 
$
30.81
 
 
$
30.50
 
 
$
34.25
 
 
Close  
 
$
32.70
 
 
$
31.89
 
 
$
35.46
 
 
$
39.92
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends paid per common share                                                                            
 
$
0.025
 
 
$
0.025
 
 
$
0.025
 
 
$
0.05
 
 
2011 Quarters
 
 
First
 
 
 
Second
 
 
 
Third
 
 
 
Fourth
 
Net Sales by Major Product Line
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PCC                                                                        
 
$
144.8
 
 
$
140.2
 
 
$
142.5
 
 
$
133.1
 
 
Processed Minerals                                                                        
 
 
28.5
 
 
 
31.6
 
 
 
28.6
 
 
 
26.8
 
 
Specialty Minerals Segment  
 
 
173.3
 
 
 
171.8
 
 
 
171.1
 
 
 
159.9
 
 
Refractories Segment  
 
 
89.2
 
 
 
96.6
 
 
 
91.1
 
 
 
91.8
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales                                                                            
 
 
262.5
 
 
 
268.4
 
 
 
262.2
 
 
 
251.7
 
Gross profit                                                                            
 
 
52.9
 
 
 
53.7
 
 
 
52.9
 
 
 
52.7
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from operations                                                                            
 
 
24.7
 
 
 
25.1
 
 
 
25.4
 
 
 
25.2
 
Consolidated net income                                                                            
 
 
16.7
 
 
 
17.2
 
 
 
16.3
 
 
 
20.1
 
Non-controlling Interests                                                                            
 
 
(0.9
)
 
 
(0.7
)
 
 
(0.7
)
 
 
(0.4
)
 
Net income attributable to MTI  
 
$
15.8
 
 
$
16.4
 
 
 
$
15.7
 
 
$
19.6
 
Earnings per share:
Basic
$
0.43
$
0.45
$
0.44
0.55
Diluted
$
0.43
$
0.45
$
0.43
0.55

MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Market price range per share of common stock:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
High  
 
$
34.37
 
 
$
35.05
 
 
$
34.32
 
 
$
29.00
 
 
Low  
 
$
31.23
 
 
$
31.51
 
 
$
24.64
 
 
$
23.38
 
 
Close  
 
$
34.37
 
 
$
33.83
 
 
$
24.64
 
 
$
28.27
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends paid per common share
 
$
0.025
 
 
$
0.025
 
 
$
0.025
 
 
$
0.025