Minerals Technologies (MTX) Reports New $75M Buyback Authorization

Minerals Technologies Inc. (NYSE: MTX) today announced that its Board of Directors has authorized a new, one-year $75 million share repurchase program, effective immediately. This repurchase program replaces the previous program authorized by the Board of Directors that expired on October 1, 2019.

“This new share repurchase program demonstrates the Board of Directors’ confidence in our business model and continued strong cash flow generation,” said Douglas T. Dietrich, Chief Executive Officer. “Our balanced approach to capital deployment, supported by a solid balance sheet, gives MTI the flexibility to return capital to shareholders while also executing on our strategic growth investments.”

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