Minerals Technologies MTX Balance Sheet Statement

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Cash and cash equivalents	$315.9M-4.0%	$329M+2.9%	$319.6M+1.8%	$313.8M+2.3%	$306.6M-8.0%
Short-term investments	$5.4M+50.0%	$3.6M-58.6%	$8.7M+42.6%	$6.1M+8.9%	$5.6M+40.0%
Accounts receivable, net	$412.7M+3.1%	$400.1M-3.2%	$413.4M-2.9%	$425.9M+4.9%	$405.9M+5.4%
Inventories	$357.9M+2.2%	$350.2M-3.7%	$363.7M+1.1%	$359.6M+2.0%	$352.5M+3.0%
Raw materials	$163.8M+2.0%	$160.6M-6.4%	$171.6M+4.4%	$164.4M-11.9%	$186.6M+11.3%
Work in process	$11.2M-15.8%	$13.3M-12.5%	$15.2M+10.9%	$13.7M-12.2%	$15.6M+26.8%
Finished goods	$121.8M+3.8%	$117.3M-1.1%	$118.6M-4.0%	$123.5M+33.4%	$92.6M-13.2%
Prepaid expenses and other current assets	$63.6M-12.5%	$72.7M+7.1%	$67.9M+0.7%	$67.4M+2.7%	$65.6M-1.5%
Total current assets	$1.16B0.0%	$1.16B-1.5%	$1.17B0.0%	$1.17B+3.2%	$1.14B+0.5%
Property and equipment, net	$1.03B+0.2%	$1.03B+1.2%	$1.01B+0.6%	$1.01B+1.5%	$991.9M+0.2%
Accumulated depreciation	$1.29B+0.5%	$1.28B-0.8%	$1.29B+0.1%	$1.29B+1.9%	$1.27B+1.8%
Goodwill	$915.6M0.0%	$915.9M0.0%	$916.2M0.0%	$915.9M+0.1%	$914.6M+0.1%
Intangible assets, net	$205.5M-1.5%	$208.7M-1.3%	$211.5M-1.4%	$214.4M-0.6%	$215.8M-1.1%
Deferred tax assets	$90.8M+0.1%	$90.7M+3.8%	$87.4M-0.5%	$87.8M-0.1%	$87.9M+279%
Other non-current assets	$146.4M-1.5%	$148.6M+15.0%	$129.2M-0.2%	$129.5M+1.5%	$127.6M-62.6%
Equity method investments	——	$24.7M—	——	——	——
Total assets	$3.47B-0.1%	$3.47B+0.3%	$3.46B+0.1%	$3.45B+1.6%	$3.4B+0.2%
Accounts payable	$199.7M+6.3%	$187.9M-4.6%	$196.9M-0.6%	$198M+4.3%	$189.9M+2.4%
Accrued expenses	$331.5M-8.1%	$360.8M-3.7%	$374.7M-1.5%	$380.5M-0.8%	$383.7M+263%
Accrued compensation	——	$0—	——	——	——
Current portion of long-term debt	$6M+1,400%	$400K-97.0%	$13.4M-24.3%	$17.7M-10.2%	$19.7M+286%
Short-term borrowings	$6M+1,400%	$400K-97.0%	$13.4M-24.3%	$17.7M-10.2%	$19.7M+286%
Accrued interest	——	$17M—	——	——	——
Total current liabilities	$543.4M-2.2%	$555.4M-6.1%	$591.5M-1.9%	$602.8M+0.5%	$599.9M+50.8%
Deferred tax liabilities	——	$8.4M—	——	——	——
Long-term debt	$954M-0.1%	$955M-0.3%	$957.8M-0.1%	$959M-0.1%	$960.1M+0.1%
Other non-current liabilities	$98.8M+0.1%	$98.7M+0.3%	$98.4M-1.9%	$100.3M+0.9%	$99.4M-2.9%
Total liabilities	$1.7B-0.9%	$1.72B-1.7%	$1.75B-1.0%	$1.77B0.0%	$1.77B+9.7%
Preferred stock	——	$0—	——	——	——
Common stock	$5M0.0%	$5M0.0%	$5M0.0%	$5M0.0%	$5M-95.0%
Additional paid-in capital	$535.8M+0.1%	$535.1M+0.9%	$530.4M+0.7%	$526.9M+0.6%	$523.9M0.0%
Retained earnings	$2.51B+1.3%	$2.48B+1.4%	$2.45B+1.6%	$2.41B+1.8%	$2.37B-5.9%
Accumulated other comprehensive income (loss)	-$353.5M-3.8%	-$340.4M+3.2%	-$351.5M-1.3%	-$346.9M+7.9%	-$376.8M+2.7%
Treasury stock	$973.6M+0.6%	$968.2M+1.1%	$957.2M+1.8%	$939.9M+2.1%	$920.8M+1.3%
Noncontrolling interests	$33.4M-8.0%	$36.3M+5.8%	$34.3M+0.9%	$34M-7.1%	$36.6M+1.1%
Total stockholders' equity	$1.73B+0.9%	$1.71B+2.3%	$1.68B+1.3%	$1.65B+3.5%	$1.6B-8.5%
Total liabilities and stockholders' equity	$3.47B-0.1%	$3.47B+0.3%	$3.46B+0.1%	$3.45B+1.6%	$3.4B+0.2%
Allowance for Doubtful Accounts	——	$16.7M—	——	——	——
Allowance for Doubtful Accounts Receivable (Current)	——	$16.7M—	——	——	——
Finished goods	$121.8M+3.8%	$117.3M-1.1%	$118.6M-4.0%	$123.5M+33.4%	$92.6M-13.2%
Inventory Supplies Net Of Reserves	$61.1M+3.6%	$59M+1.2%	$58.3M+0.5%	$58M+0.5%	$57.7M+4.2%
Other current assets	——	$3.1M—	——	——	——
Deferred Tax Assets and Other Non-Current Assets	$146.4M+1,256%	$10.8M-91.6%	$129.2M-0.2%	$129.5M+1.5%	$127.6M+859%
Finite-Lived Intangible Assets - Expected Amortization Expense (Year Five)	——	$151.2M—	——	——	——
Finite Lived Intangible Assets - Gross	$326.5M-0.2%	$327M0.0%	$327M+0.1%	$326.8M+0.6%	$324.8M+0.2%
Net Operating Loss Carryforwards	——	$5.4M—	——	——	——
Deferred tax assets	$15.7M+3.3%	$15.2M-3.2%	$15.7M-0.6%	$15.8M+4.6%	$15.1M+2.0%
Other intangible assets—net	$205.5M-1.5%	$208.7M-1.3%	$211.5M-1.4%	$214.4M-0.6%	$215.8M-1.1%
Other non-current assets	$146.4M-1.5%	$148.6M+15.0%	$129.2M-0.2%	$129.5M+1.5%	$127.6M+0.9%
Property, plant and equipment at cost	$2.32B+0.4%	$2.31B+0.1%	$2.31B+0.3%	$2.3B+1.7%	$2.26B+1.1%
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)	$5.4M+50.0%	$3.6M-58.6%	$8.7M+42.6%	$6.1M+8.9%	$5.6M+40.0%
Software and Technology Licenses, Net	$146.4M-1.5%	$148.6M+15.0%	$129.2M-0.2%	$129.5M+1.5%	$127.6M+0.9%
Tax Credit Carryforward Valuation Allowance	——	$15.1M—	——	——	——
Current Pension and Postretirement Benefit Liabilities	——	$56.7M—	——	——	——
Other accrued liabilities	$331.5M-8.1%	$360.8M-3.7%	$374.7M-1.5%	$380.5M-0.8%	$383.7M+263%
Lease Liability Payments - Remainder of Fiscal Year	——	$19M—	——	——	——
Restructuring Reserve	$4.3M-12.2%	$4.9M-16.9%	$5.9M-11.9%	$6.7M-6.9%	$7.2M+200%
Short-Term Debt - Weighted-Average Interest Rate	——	6.6%—	——	——	——
Debt Maturity - 2027	——	$405.8M—	——	——	——
Debt Maturity - Thereafter	——	$540.6M—	——	——	——
Defined Benefit Pension Plan Liabilities (Non-Current)	$16.8M-13.8%	$19.5M+37.3%	$14.2M-16.0%	$16.9M-11.5%	$19.1M-6.8%
Retirement and nonpension postretirement benefit obligations	$16.8M-13.8%	$19.5M+37.3%	$14.2M-16.0%	$16.9M-11.5%	$19.1M-6.8%
Total debt	$960M-4.5%	$1.01B+3.6%	$971.2M-0.6%	$976.7M-0.3%	$979.8M-3.7%
Unrecognized Deferred Tax Liability on Undistributed Foreign Earnings	——	$0—	——	——	——
Unrecognized Tax Benefits	$5.8M+222%	$1.8M-14.3%	$2.1M+5.0%	$2M0.0%	$2M+5.3%
Unrecognized Tax Benefits - Impacting Effective Tax Rate	$4.4M+267%	$1.2M-14.3%	$1.4M0.0%	$1.4M0.0%	$1.4M—
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued	$700K+75.0%	$400K-20.0%	$500K+25.0%	$400K0.0%	$400K—
AOCI - Cash Flow Hedge Adjustment	——	$10.2M—	——	——	——
Common Stock Par Value Per Share	——	$0.10—	——	——	——
Common Stock Shares Issued	——	50.1M—	——	——	——
Convertible Preferred Stock Authorized Shares	——	1M—	——	——	——
Convertible Preferred Stock Issued Shares	——	0—	——	——	——
Convertible Preferred Stock Outstanding Shares	——	0—	——	——	——
Additional paid-in capital	$535.8M+0.1%	$535.1M+0.9%	$530.4M+0.7%	$526.9M+0.6%	$523.9M0.0%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$5M0.0%	$5M0.0%	$5M0.0%	$5M0.0%	$5M0.0%
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	——	$0—	——	——	——
Shares Reserved for Future Issuance Under Stock Plans	——	1.2M—	——	——	——
Undistributed Earnings of Foreign Subsidiaries	——	$516.3M—	——	——	——
AOCI - Cash Flow Hedge Reclassification (Next 12 Months)	——	$10.2M—	——	——	——
Cumulative Cost Basis	$2.32B+0.4%	$2.31B+0.1%	$2.31B+0.3%	$2.3B+1.7%	$2.26B+1.1%
Defined Benefit Plan Discount Rate	——	$0.05—	——	——	——
Defined Benefit Plan Weighted Average Asset Allocation	——	100%—	——	——	——
Defined Benefit Plan Healthcare Cost Trend Rate	——	5%—	——	——	——
Accumulated Other Comprehensive Income Loss Cumulative Changes In Unrecognized Pension Costs Effect Tax	——	$3.9M—	——	——	——
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Tax	——	-$100K—	——	——	——
Allowance for doubtful accounts	——	$16.7M—	——	——	——
Common stock, par value (in dollars per share)	——	$0.1—	——	——	——
Common stock, shares authorized (in shares)	——	$100M—	——	——	——
Common stock, shares issued (in shares)	——	$50.1M—	——	——	——
Common Stock, Shares, Outstanding	——	$31.03M—	——	——	——
Deferred Tax Liabilities, Gross	——	$180.7M—	——	——	——
Deferred income taxes	$90.8M+0.1%	$90.7M+3.8%	$87.4M-0.5%	$87.8M-0.1%	$87.9M-32.6%
Disallowed business interest expense carryforward	——	$17M—	——	——	——
Deferred Tax Asset Research And Development Capitalization	——	$12.6M—	——	——	——
Deferred Tax Assets, Net of Valuation Allowance	——	$105.2M—	——	——	——
Deferred Tax Assets, Operating Loss Carryforwards	——	$17.6M—	——	——	——
Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration	——	$5.4M—	——	——	——
Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration	——	$12.2M—	——	——	——
Compensation and benefits	——	$0—	——	——	——
Accrued expenses	——	$62.3M—	——	——	——
Deferred Tax Assets, Valuation Allowance	——	$15.1M—	——	——	——
Deferred Tax Liabilities, Net	——	$75.5M—	——	——	——
Federal and state intangible assets	——	$45.9M—	——	——	——
Deferred Tax Liabilities, Other	——	$8.4M—	——	——	——
Deferred Tax Liabilities Pension And Postretirement Benefits Costs	——	$1.6M—	——	——	——
Deferred Tax Liabilities, Property, Plant and Equipment	——	$124.8M—	——	——	——
Deferred tax liabilities not recognized to unremitted earnings indefinitely reinvested	——	$0—	——	——	——
Salary scale, pension benefit obligation	——	2.8%—	——	——	——
Less: Fair value of plan assets at end of period	——	$369.9M—	——	——	——
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate	——	$0.05—	——	——	——
Equity method investments (Note 11)	——	$24.7M—	——	——	——
Finite Lived Intangible Asset Expected Amortization Years One Through Four	$46M—	——	$46M0.0%	$46M0.0%	$46M—
Finite-Lived Intangible Assets, Accumulated Amortization	$121M+2.3%	$118.3M+2.4%	$115.5M+2.8%	$112.4M+3.1%	$109M+2.7%
2031	——	$11.5M—	——	——	——
Remainder of 2026	$8.6M—	——	$3M-58.3%	$7.2M-16.3%	$8.6M—
Finite Lived Intangible Assets Amortization Expense After Year Five	——	$151.2M—	——	——	——
Finite Lived Intangible Assets Amortization Expense After Year Four	$150.9M—	——	$162.5M+0.8%	$161.2M0.0%	$161.2M—
Gross Carrying Amount	$326.5M-0.2%	$327M0.0%	$327M+0.1%	$326.8M+0.6%	$324.8M+0.2%
2028	——	$6M—	——	——	——
2029	——	$405.8M—	——	——	——
2029	——	$5.7M—	——	——	——
2030	——	$5.7M—	——	——	——
Thereafter	——	$540.6M—	——	——	——
2027	——	$6.4M—	——	——	——
Noncontrolling interests in subsidiaries	$33.4M-8.0%	$36.3M+5.8%	$34.3M+0.9%	$34M-7.1%	$36.6M+1.1%
Long-Lived Assets	——	$2.15B—	——	——	——
Current pension and PRB liabilities (included in Accrued employee compensation)	——	$56.7M—	——	——	——
Percentage Of Total Benefit Obligation For International Pension Plans	20%0.0%	20%0.0%	20%0.0%	20%0.0%	20%—
Preferred Stock, Shares Authorized	——	$1M—	——	——	——
Preferred Stock, Shares Issued	——	$0—	——	——	——
Preferred Stock, Shares Outstanding	——	$0—	——	——	——
Prepaid expenses	——	$69.6M—	——	——	——
Restructuring Reserve	$4.3M-12.2%	$4.9M-16.9%	$5.9M-11.9%	$6.7M-6.9%	$7.2M+200%
Incentive stock program, shares reserved for future grants (in shares)	——	$1.23M—	——	——	——
Treasury stock, shares (in shares)	——	$19.07M—	——	——	——
Undistributed Earnings of Foreign Subsidiaries	——	$516.3M—	——	——	——
Unrecognized tax benefits	$5.8M+222%	$1.8M-14.3%	$2.1M+5.0%	$2M0.0%	$2M+5.3%
Penalties and interest accrued on unrecognized tax benefits	$700K+75.0%	$400K-20.0%	$500K+25.0%	$400K0.0%	$400K—
Amount that if recognized, would affect the effective tax rate or regulatory liability	$4.4M+267%	$1.2M-14.3%	$1.4M0.0%	$1.4M0.0%	$1.4M—
Remainder of Fiscal Year 2024	$8.6M—	——	$3M-58.3%	$7.2M-16.3%	$8.6M—
Remainder of Fiscal Year 2025	$8.6M—	——	$3M-58.3%	$7.2M-16.3%	$8.6M—
Weighted-Average Discount Rate	——	5.2%—	——	——	——

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