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Highlights:

• Record First Quarter Sales of $546 Million, 5 Percent Above Prior Year
• Operating Income of $63 Million, Increased 43 Percent Sequentially
• Cash Flow from Operations Improved by $33 Million from Prior Year
• Reorganization and New Segmentation Implemented
• Announced Three Long-term PCC Supply Agreements in Asia

NEW YORK, April 27, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today reported earnings per share of $1.14 for the first quarter ended April 2, 2023.

“Our performance in the first quarter is a result of the diligent and focused execution on margin recovery, improved cash flows and growth,” said Douglas T. Dietrich, Chairman and Chief Executive Officer of Minerals Technologies. “We completed the reorganization and re-segmentation of the company to better reflect our balanced portfolio, further align business priorities and enhance growth and performance going forward.”

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