Minerals Technologies announces two-for-one stock split Minerals Technologies said its board approved a two-for-one stock split in the form of a 100% stock distribution payable on December 11, to shareholders of record of the company's common stock on November 27. Trading in the common stock on a post-split adjusted basis will begin December 12.
Minerals Technologies sees Acquired Businesses Q2 synergies $16M Sees Acquired Businesses Q3 synergies $17M. The company said it expects continued progress in the integration. IT also expects continued progress with PCC satellite construction in China in Q2 and expects strong performance in Performance Minerals for Q2. Expects Construction Technologies to move into a seasonally high period for Q2, but expects continued weakness in the on-shore markets for Energy Services in Q2. The company cites challenges in the market due to low oil prices and decline in utilization in steel industry. Comments taken from slides for Q1 earnings conference call.