India, April 30 -- Specialty minerals company Minerals Technologies Inc. (MTX) on Thursday reported a swing to profit in the first quarter, as volume growth across both business segments drove double-digit sales growth.
Net income for the quarter rose to $36.2 million or $1.17 per share, compared with a loss of $144.0 million or $4.51 per share in the prior-year period. Adjusted earnings per share increased to $1.38, from $1.14 per share last year.
Revenue for the quarter increased 11% to $546.9 million from $491.8 million a year ago, driven primarily by volume growth across both segments.
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"In the first quarter, our sales grew by double digits across mu...