Minerals Technologies Inc. (NYSE:MTX) Q2 2024 Earnings Conference Call July 26, 2024 11:00 AM ET

Company Participants

Lydia Kopylova - Head, IR
Doug Dietrich - Chairman and CEO
Erik Aldag - CFO
D.J. Monagle - President, Consumer & Specialties
Brett Argirakis - President, Engineered Solutions

Conference Call Participants

Daniel Moore - CJS Securities
Mike Harrison - Seaport Research Partners
Steve Ferazani - Sidoti
David Silver - C.L. King
Mike Harrison - Seaport Research Partners

Lydia Kopylova

Good morning, everyone, and welcome to our Second Quarter 2024 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 the 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 and in appendix of this presentation, which are posted on our website.

Now I'll open it up to Doug. Doug?

Doug Dietrich

Thanks, Lydia. Good morning, everyone, and thanks for joining today. Okay. Let's go over a quick outline for today's call. I'll begin today's presentation by reviewing some highlights from our second quarter, and I also want to take a few minutes to highlight the transformation that's been happening at MTI, and how this is leading to our higher levels of performance.

I'll then give you an update on what we're currently seeing in our end markets and conditions for the remainder of the year. Erik will then take you through detailed financials and provide an outlook for the third quarter. And I'll finish up with a small advertisement for our 16th Sustainability Report, which we published earlier this week, and mention a few highlights. We'll then open the meeting to questions. With that, let's get started.

We delivered another record quarter, and our portfolio of businesses continues to show its strength. This quarter was also an example of strong operational execution by our team and how we're leveraging the power of our new organization. Let me take you through some of the specific highlights.