Latest news with #MTX
The Sun
13-05-2025
- Entertainment
- The Sun
Major game enjoyed by 15 million players shutting down in DAYS as baffled fans told it ‘will no longer be available'
A GAME enjoyed by more than 15million people at its peak is preparing to bow out in just a couple of weeks. Developers have warned players that the title "will no longer be available to play" on May 29, six years after its successful launch. 2 2 Dauntless burst onto the scene with largely positive reviews and quickly gained users. The free-to-play action role-playing game was available on PS4, PS5, Xbox One, Xbox Series S/X, Nintendo Switch and PC. "Dauntless is shutting down on May 29, 2025," Phoenix Labs said. "Dauntless will receive no additional content or updates. "The game will no longer be available to play on May 29, 2025." In a separate post on the game's website, the firm said: "We've made the difficult decision to shut down Dauntless due to the negative public reception of TK and subsequent decline of active players." Despite starting off successfully, players say that changes in ownership of the company behind it "ruined the game". "The game is nothing like I remember it when it first launched," one person wrote on Reddit. "They literally killed their own game," another commented. "At this point I feel like it was on purpose." Hands-on with the Nintendo Switch 2 A third raged: "I hate to see the game die, I loved it for years, but the company that bought the game forcefully turned it into a mtx hellscape and they deserve to have it crash and fail. "I hope the excellent devs that did the work can find new work quickly." More game closures coming up Online games are routinely shut down as user numbers drop. This is because it becomes no longer viable to run the servers that host the games. Here's a list of major games due to shut down throughout 2025: MultiVersus - May 30 xDefiant - June 3 The First Descendant - June 19 Black Desert - June 26 Resident Evil ReVerse - June 29 Madden NFL 21 - June 30 Arizona Sunshine - July 1 Skyworld - July 1 Danmachi Battle Chronicle - September 29 WWE 2K24 - September 30 Madden NFL 22 - October 20 PGA Tour 2K21 - October 30 NBA 2K24 - December 31 WHY DO GAMES CLOSE? By Jamie Harris, Assistant Technology and Science Editor at The Sun With most games online these days, tech companies need to maintain quite hefty servers to manage everything. It's no cheap business to operate with millions of gamers across the world. Naturally, people move on, leaving older games behind in the process. There comes a point where it's no longer viable to continue offering server access so studios shut them down. For some games that are entirely online this can render it completely useless. But others may have a way for you to continue playing solo still. You should usually see a prominent notification in the game warning you with instructions on what to do - provided you're still playing the game of course. Image credit: Getty
Yahoo
24-04-2025
- Business
- Yahoo
Minerals Technologies: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Minerals Technologies Inc. (MTX) on Thursday reported a loss of $144 million in its first quarter. The New York-based company said it had a loss of $4.51 per share. Earnings, adjusted for non-recurring costs and restructuring costs, were $1.14 per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share. The maker of mineral, mineral-based and synthetic mineral products posted revenue of $491.8 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $492 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on MTX at Sign in to access your portfolio
Yahoo
08-02-2025
- Business
- Yahoo
Minerals Technologies Full Year 2024 Earnings: EPS Beats Expectations
Revenue: US$2.12b (down 2.4% from FY 2023). Net income: US$167.1m (up 99% from FY 2023). Profit margin: 7.9% (up from 3.9% in FY 2023). The increase in margin was driven by lower expenses. EPS: US$5.21 (up from US$2.59 in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.5%. The primary driver behind last 12 months revenue was the Consumer & Specialties segment contributing a total revenue of US$1.14b (54% of total revenue). Notably, cost of sales worth US$1.57b amounted to 74% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$239.2m (63% of total expenses). Explore how MTX's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Chemicals industry in the US. Performance of the American Chemicals industry. The company's shares are down 3.7% from a week ago. While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Minerals Technologies' balance sheet. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
08-02-2025
- Business
- Yahoo
Minerals Technologies Inc (MTX) Q4 2024 Earnings Call Highlights: Record Performance and ...
Revenue: Fourth quarter sales were $518 million; full year sales were $2.1 billion. Operating Income: Fourth quarter operating income increased by 7% year-over-year to $74 million; full year operating income was $316 million, up 13% overall. Gross Margin: Improved by 170 basis points to 25.6% in the fourth quarter. EBITDA: Record EBITDA of $406 million for the full year, representing 19.2% of sales. Earnings Per Share (EPS): Fourth quarter EPS was $1.50, excluding special items, a 17% increase; full year EPS was $6.15, an 18% increase. Cash Flow: Cash from operations was $236 million; free cash flow was $147 million, representing 7% of sales. Shareholder Returns: Completed a $75 million share buyback program; increased dividends by 10%; authorized a new $200 million share repurchase program. Net Leverage: Finished the year with net leverage at 1.6x EBITDA. Consumer & Specialties Segment: Full year sales grew 2%; operating income grew 25% on an underlying basis. Engineered Solutions Segment: Fourth quarter operating income was 8% higher on 2% lower sales; full year operating income grew 7% on 3% lower sales. Warning! GuruFocus has detected 4 Warning Signs with MTX. Release Date: February 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Minerals Technologies Inc (NYSE:MTX) achieved record operating income and EBITDA for the fourth consecutive quarter and second consecutive year. The company reported a 15% operating margin in 2024, reaching its target a year ahead of schedule. MTX completed a $75 million share buyback program, increased dividends by 10%, and authorized a new $200 million share repurchase program. The Consumer & Specialties segment showed strong performance with a 25% increase in operating income on an underlying basis. MTX's Animal Feed Additives business grew at a 25% rate over the past couple of years, with expectations for continued growth in 2025. Sales in the Engineered Solutions segment were impacted by softening in steel and foundry markets, leading to lower sales in high-temperature technologies. The commercial construction market weakened throughout the year, affecting the Environmental and Infrastructure product line. MTX experienced a slow start to 2025 due to cautious customer inventory management and potential tariff uncertainties. The company faces potential impacts from tariffs, with a 10% additional tariff on China potentially increasing costs by approximately $2 million annually. Energy costs were higher than last year, with some timing impacts expected in passing these costs through to customers. Q: What are your expectations for fiscal '25 operating margins, and where do you see margins heading over the next 2 to 3 years? A: Erik Aldag, CFO, stated that they expect to maintain or improve upon the 15% operating margin achieved in 2024. They anticipate margins to build through the quarters, starting with around 14% in Q1 due to seasonality, and potentially increasing in Q2 and Q3. While there is some uncertainty in end markets, they are confident in maintaining the 15% margin, with potential for higher margins depending on market conditions and volume leverage. Q: What is needed to drive sustained growth in the Consumer & Specialties segment, and when can mid-single-digit growth be expected? A: CEO Douglas Dietrich mentioned that they expect 4% to 8% growth in Consumer & Specialties for 2025, driven by new products in pet care, market share gains in Asia, and demand for renewable fuels. The segment's growth is expected to be bolstered by high-margin businesses like Animal Health and Bleaching Earth. Over time, as these businesses become a larger part of the portfolio, they anticipate achieving mid-single-digit growth. Q: What is the outlook for capital allocation and the M&A pipeline? A: Douglas Dietrich explained that the company has a strong balance sheet, allowing for optionality in capital allocation. They plan to continue executing their $200 million share repurchase program and aim to return half of their free cash flow to shareholders. Additionally, they are open to bolt-on acquisitions across all four product lines, focusing on new geographies, reserves, technologies, and environmental and consumer products. Q: Can you provide details on the large new FLUORO-SORB project in the Northeast? A: Brett Argirakis, Group President of Engineered Solutions, shared that the project is a full-scale drinking water program set to start in the coming months. It involves high-volume application of FLUORO-SORB and is part of a broader effort to target opportunities in drinking water, landfill, wastewater, and soil and groundwater remediation. Q: What are the major drivers of margin pressure in the first quarter guidance? A: Erik Aldag noted that the margin pressure is primarily due to mix impacts, with softer markets in high-margin areas like high-temperature technologies. Energy rates are slightly higher, and there may be a timing impact in passing these costs through to customers. However, margins are expected to build through the year, with Q4 and Q1 typically being the softest due to seasonality. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
08-02-2025
- Business
- Yahoo
Minerals Technologies Inc (MTX) Q4 2024 Earnings Call Highlights: Record Performance and ...
Revenue: Fourth quarter sales were $518 million; full year sales were $2.1 billion. Operating Income: Fourth quarter operating income increased by 7% year-over-year to $74 million; full year operating income was $316 million, up 13% overall. Gross Margin: Improved by 170 basis points to 25.6% in the fourth quarter. EBITDA: Record EBITDA of $406 million for the full year, representing 19.2% of sales. Earnings Per Share (EPS): Fourth quarter EPS was $1.50, excluding special items, a 17% increase; full year EPS was $6.15, an 18% increase. Cash Flow: Cash from operations was $236 million; free cash flow was $147 million, representing 7% of sales. Shareholder Returns: Completed a $75 million share buyback program; increased dividends by 10%; authorized a new $200 million share repurchase program. Net Leverage: Finished the year with net leverage at 1.6x EBITDA. Consumer & Specialties Segment: Full year sales grew 2%; operating income grew 25% on an underlying basis. Engineered Solutions Segment: Fourth quarter operating income was 8% higher on 2% lower sales; full year operating income grew 7% on 3% lower sales. Warning! GuruFocus has detected 4 Warning Signs with MTX. Release Date: February 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Minerals Technologies Inc (NYSE:MTX) achieved record operating income and EBITDA for the fourth consecutive quarter and second consecutive year. The company reported a 15% operating margin in 2024, reaching its target a year ahead of schedule. MTX completed a $75 million share buyback program, increased dividends by 10%, and authorized a new $200 million share repurchase program. The Consumer & Specialties segment showed strong performance with a 25% increase in operating income on an underlying basis. MTX's Animal Feed Additives business grew at a 25% rate over the past couple of years, with expectations for continued growth in 2025. Sales in the Engineered Solutions segment were impacted by softening in steel and foundry markets, leading to lower sales in high-temperature technologies. The commercial construction market weakened throughout the year, affecting the Environmental and Infrastructure product line. MTX experienced a slow start to 2025 due to cautious customer inventory management and potential tariff uncertainties. The company faces potential impacts from tariffs, with a 10% additional tariff on China potentially increasing costs by approximately $2 million annually. Energy costs were higher than last year, with some timing impacts expected in passing these costs through to customers. Q: What are your expectations for fiscal '25 operating margins, and where do you see margins heading over the next 2 to 3 years? A: Erik Aldag, CFO, stated that they expect to maintain or improve upon the 15% operating margin achieved in 2024. They anticipate margins to build through the quarters, starting with around 14% in Q1 due to seasonality, and potentially increasing in Q2 and Q3. While there is some uncertainty in end markets, they are confident in maintaining the 15% margin, with potential for higher margins depending on market conditions and volume leverage. Q: What is needed to drive sustained growth in the Consumer & Specialties segment, and when can mid-single-digit growth be expected? A: CEO Douglas Dietrich mentioned that they expect 4% to 8% growth in Consumer & Specialties for 2025, driven by new products in pet care, market share gains in Asia, and demand for renewable fuels. The segment's growth is expected to be bolstered by high-margin businesses like Animal Health and Bleaching Earth. Over time, as these businesses become a larger part of the portfolio, they anticipate achieving mid-single-digit growth. Q: What is the outlook for capital allocation and the M&A pipeline? A: Douglas Dietrich explained that the company has a strong balance sheet, allowing for optionality in capital allocation. They plan to continue executing their $200 million share repurchase program and aim to return half of their free cash flow to shareholders. Additionally, they are open to bolt-on acquisitions across all four product lines, focusing on new geographies, reserves, technologies, and environmental and consumer products. Q: Can you provide details on the large new FLUORO-SORB project in the Northeast? A: Brett Argirakis, Group President of Engineered Solutions, shared that the project is a full-scale drinking water program set to start in the coming months. It involves high-volume application of FLUORO-SORB and is part of a broader effort to target opportunities in drinking water, landfill, wastewater, and soil and groundwater remediation. Q: What are the major drivers of margin pressure in the first quarter guidance? A: Erik Aldag noted that the margin pressure is primarily due to mix impacts, with softer markets in high-margin areas like high-temperature technologies. Energy rates are slightly higher, and there may be a timing impact in passing these costs through to customers. However, margins are expected to build through the year, with Q4 and Q1 typically being the softest due to seasonality. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
