MTX - Quick Take - Live from the Truist Securities Industrials & Services Conference

研报英文原文证据摘录

MTX - Quick Take - Live from the Truist Securities Industrials & Services Conference

Truist Securities

Equity Research Report June 16, 2026

INDUSTRIALS: Chemicals Minerals Technologies Inc. (MTX)

MTX - Quick Take - Live from the Truist Securities Industrials & Peter Osterland, CFA

404-926-5136 Services Conference

Peter.Osterland@truist.com

Alek Ledvina We hosted MTX today at the Truist Securities Industrials & Services Conference. Our

404-439-7399 takeaways from today's meetings:

Alek.Ledvina@truist.com • Portfolio continuing to diversify away from cyclical markets with a multitude of

growth opportunities. MTX targets organic sales growth of 4-6% over the long term,

noting that innovation and new business wins will be key to achieving this target.

Diversification away from the company's historically cyclical end markets has been

Current Price (Jun. 16, $78.02 supported by growth in its consumer-oriented businesses (particularly within H&PC) as 2026)

well as increased offerings of technology and service-based offerings in its industrial

Stock Rating BUY businesses (such as Minscan). MTX also noted that its growth vectors tend to be margin

Unchanged accretive; we believe there is likely upside to the company's 15% operating margin target

beyond 2027.

Price Target $90.00 • Progressing with margin recovery from near-term cost headwinds. MTX continues Unchanged to expect that following near-term cost pressure related to the Middle East conflict (which

the company previously sized at ~$3M for 2Q), pricing actions will catch up with costs in

3Q. Major categories of inflation include direct energy usage, as well as freight and fuel;

the company has implemented some surcharges for freight and fuel particularly in the 4 Page Document

H&PC and Specialty Additives businesses.