MINERALS TECHNOLOGIES INC Earnings Per Share Disclosure
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Year Ended December 31,
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(in millions, except per share data)
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2024
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2023
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2022
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Net income attributable to MTI
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$
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167.1
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$
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84.1
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$
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122.2
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Weighted average shares outstanding
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32.1
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32.5
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32.7
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Dilutive effect of stock options and deferred restricted stock units
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0.2
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0.1
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0.1
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Weighted average shares outstanding, adjusted
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32.3
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32.6
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32.8
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Basic earnings per share attributable to MTI
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$
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5.21
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$
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2.59
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$
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3.74
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Diluted earnings per share attributable to MTI
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$
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5.17
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$
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2.58
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$
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3.73
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Feb 21, 2025 | Showing above |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 17, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 14, 2020 | |
| 2018 | Feb 15, 2019 | |
| 2017 | Feb 16, 2018 | |
| 2016 | Feb 17, 2017 | |
| 2015 | Feb 19, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.