Minerals Technologies Inc. (NYSE:MTX) Q2 2023 Earnings Conference Call July 28, 2023 11:00 AM ET

Company Participants

Doug Dietrich - Chairman & CEO

Erik Aldag - CFO

D.J. Monagle - Group President, Specialty Minerals and Household and Personal Care

Lydia Kopylova - Head of IR

Conference Call Participants

Daniel Moore - CJS Securities

Mike Harrison - Seaport Research Partners

David Silver - C.L. King

Steve Ferazani - Sidoti

Operator

Good day, everyone, and welcome to the Second Quarter 2023 Minerals Technologies Earnings Call. Today's call is being recorded.

At this time, I would like to turn the call over to Lydia Kopylova, Head of Investor Relations for Minerals Technologies. Please go ahead, Ms. Kopylova.

Lydia Kopylova

Thank you, Rachel. Good morning, everyone, and welcome to the second quarter 2023 earnings conference call. Today's call will be led by Chairman and Chief Executive Officer, Doug Dietrich; and Chief Financial Officer, Erik Aldag. Following Doug and Erik's prepared remarks, we'll open it up to questions.

As a reminder, some of the statements made during this call may constitute forward-looking statements within the meaning of the federal securities laws. Please note the cautionary language about forward-looking statements contained in our earnings release and on these slides. Our SEC filings disclose certain risks and uncertainties which may cause our actual results to differ materially from these forward-looking statements. Please also note that some of our comments today refer to non-GAAP financial measures. A reconciliation to GAAP financial measures can be found in our earnings release, which is posted on our website.

Now I will turn it over to Doug. Doug?

Doug Dietrich

Thanks, Lydia. Good morning, everyone. Thanks for joining. Let me give you a quick outline for today's call. I'll begin with the highlights that drove our results for the second quarter, and provide some comments and context around our recent announcement on the Talc business, and details on the $10 million cost savings program we just initiated. Then I'll take you through our view of general business conditions, the trends that we're seeing across our end markets, and the positive outlook we have for the second half of the year. Erik will then take you through the financial details for the quarter and our outlook for the third. We published our latest sustainability report this past Monday. We're extremely proud of this year's report and the progress that it shows we're making on all fronts. I'm going to cover some highlights for you later in our presentation.