XML 14 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 02, 2023
Apr. 03, 2022
CONDENSED CONSOLIDATED STATEMENTS OF INCOME [Abstract]    
Net sales $ 546.1 $ 519.1
Cost of goods sold 425.4 397.4
Production margin 120.7 121.7
Marketing and administrative expenses 52.3 48.8
Research and development expenses 5.3 5.1
Acquisition-related expenses 0.1 1.6
Income from operations 63.0 66.2
Interest expense, net (14.2) (9.8)
Other non-operating (deductions) income, net (1.1) (0.4)
Total non-operating deductions, net (15.3) (10.2)
Income from operations before tax and equity in earnings 47.7 56.0
Provision for taxes on income 10.5 11.2
Equity in earnings of affiliates, net of tax 0.9 0.1
Net income 38.1 44.9
Less: Net income attributable to non-controlling interests 1.1 0.8
Net income attributable to Minerals Technologies Inc. $ 37.0 $ 44.1
Earnings per share:    
Basic net income per share attributable to Minerals Technologies Inc. (in dollars per share) $ 1.14 $ 1.33
Diluted net income per share attributable to Minerals Technologies Inc. (in dollars per share) 1.14 1.33
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05
Shares used in computation of earnings per share:    
Basic (in shares) 32.5 33.1
Diluted (in shares) 32.5 33.2