8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant To Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 24, 2008

MINERALS TECHNOLOGIES INC.

(Exact name of registrant as specified in its charter)

Delaware	1-3295	25-1190717
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

405 Lexington Avenue, New York, NY	10174-0002
(Address of principal executive offices)	(Zip Code)

(212) 878-1800

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.
[ ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02	Results of Operations and Financial Condition.
	On July 24, 2008 Minerals Technologies Inc. issued a press release regarding its financial performance for the second quarter of 2008 and the declaration of a regular quarterly dividend of $0.05 per share on its common stock. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein. The information in this Item 2.02 and Exhibit 99.1 shall not be deemed filed for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 9.01	Financial Statements and Exhibits.
	(c)	Exhibits
		99.1	Press Release dated July 24, 2008

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	MINERALS TECHNOLOGIES INC.
	(Registrant)
	By:	/s/ Kirk G. Forrest
	Name:	Kirk G. Forrest
	Title:	Vice President, General Counsel and Secretary
Date:  July 24, 2008

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MINERALS TECHNOLOGIES INC.
EXHIBIT INDEX
Exhibit No. __________	Subject Matter                                                        ____________________________________________________________
99.1	Press Release dated July 24, 2008

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EX-99.1

Exhibit 99.1

News

For Immediate Release	Contact:
July 24, 2008		Rick B. Honey
		(212) 878-1831

MINERALS TECHNOLOGIES INC. REPORTS RECORD SECOND QUARTER
DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS
OF $0.98, AN 18-PERCENT INCREASE OVER PRIOR YEAR

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Total Earnings per Share was $1.22 including Gain on Sale of Assets
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Company Also Declares Regular Dividend of $0.05 per Share on its Common Stock
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NEW YORK, July 24--Minerals Technologies Inc. (NYSE: MTX) today reported second quarter diluted earnings per common share of $1.22 compared with $0.74 per share in the second quarter of 2007. Earnings from continuing operations were $0.98 per share for the second quarter compared with $0.83 per share from continuing operations in the same period of 2007 - an 18-percent increase. The company also recorded income of $0.24 per share from discontinued operations in the quarter compared with a loss of $0.09 in the prior year. This was attributable primarily to a gain on sales of two idle facilities. Net income for the quarter was $23.3 million, a 62-percent increase over the $14.4 million reported in the second quarter of 2007.

     Worldwide sales in the quarter increased 10 percent to $299.8 million from $271.4 million in the previous year. Foreign exchange had a favorable impact on sales of approximately $14.1 million, or 5 percentage points of growth. The additional sales growth was primarily attributable to price increases necessitated by higher raw material and energy costs and by volume increases. Operating income was $28.8 million, a 7-percent increase over the $26.9 million reported in the second quarter of 2007. Return on

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Capital for the second quarter was 9.2 percent on an annualized basis, excluding the gain on asset sales, compared to 6.8 percent for the second quarter of 2007.

     "Our second quarter results showed an improved profitability over the same period last year despite a difficult business environment and escalating raw materials and energy costs," said Joseph C. Muscari, chairman and chief executive officer. "We continue to derive savings from both the restructuring program we announced in the third quarter of 2007 and our continuous improvement initiatives."

     In the second quarter, sales in the Specialty Minerals segment, which includes the Precipitated Calcium Carbonate (PCC) and Processed Minerals product lines, increased 5 percent to $189.1 million from $180.8 million in the comparable quarter of 2007. Operating income for the second quarter of 2007 was $20.1 million, a 9-percent increase over the $18.4 million reported the previous year and was 10.6 percent of sales.

     Worldwide net sales of PCC increased 6 percent in the second quarter to $158.0 million from $149.5 million in the same period in 2007. Paper PCC sales increased 6 percent in the second quarter to $142.2 million from $133.9 million in the same period last year primarily due to foreign exchange, which had a favorable impact on sales of approximately $8.1 million. Total Paper PCC volumes declined slightly due to weakness in the North American and European markets.

     Sales of Processed Minerals products for the second quarter were $31.1 million, a 1-percent decline from the $31.3 million reported for the same period in 2007. Talc sales declined 2 percent to $9.5 million from $9.7 million in the prior year. Ground Calcium Carbonate (GCC) sales were flat. The Processed Minerals product line continues to be affected by weakness in the residential and commercial construction markets, as well as the automotive market. Housing starts are at their lowest levels in 17 years, and the

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automotive sector remains on a downward trend. As a result, volumes declined 7 percent from the same period in the prior year.

     Second quarter net sales in the Refractories segment, which primarily serves the steel industry, increased 22 percent to $110.7 million from $90.6 million in the same period of 2007. This increase was attributable to increased selling prices to mitigate significant raw materials cost increases, a more favorable product mix in the Refractory product line and strong demand in the Metallurgical product line. Also, foreign exchange had a favorable impact on sales of approximately $6.0 million, or 7 percentage points of growth. Operating income for the Refractories segment in the second quarter of 2008 increased 5 percent to $8.9 million from $8.5 million in the same period last year and was 8.0 percent of sales as compared with 9.4 percent of sales in the prior year. This margin compression was the result of increased costs for magnesium oxide, the primary raw material for production of refractory materials, and for other raw materials as well as additional restructuring charges.

     Sales of Refractory Products and Systems for steel and other industrial applications increased 23 percent in the second quarter to $89.8 million from $73.1 million last year. Sales of Metallurgical Products increased 19 percent in the second quarter to $20.9 million compared with $17.5 million in the same period last year, primarily due to increased volume.

First Half Results

     In the first half of 2008, diluted earnings per common share was $2.12 of which $1.86 was from continuing operations, a 26-percent increase over the $1.48 recorded in the prior year. The company also reported income of $0.26 per share for discontinued operations as compared with a loss of $0.18 per share during the same period in 2007.

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Net income for the first half was $40.5 million, a 61-percent increase over the $25.2 million reported in the prior year.

     Worldwide sales for the first six months of 2008 increased 8 percent to $577.3 million from the $536.9 million reported last year. Foreign exchange had a favorable impact on sales of approximately $26.1 million or 5 percentage points of growth; and, additional sales growth was attributable to price increases. Operating income for the first six months of 2008 was $55.9 million, a 13-percent increase over the $49.6 million reported in the first half of 2007.

"This marks our second consecutive record quarter for earnings in the company's history," said Mr. Muscari. "Our performance for the first half of 2008 is the direct result of the fundamental changes made in the company last year. We now have a stronger operating platform and are better positioned to face the challenges confronting us as we go forward. However, we expect market and economic conditions in the second half - especially escalating raw material costs - to be more difficult. Consequently, because of these factors, we don't expect our second half to be as strong as the first."

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     The company also declared a regular quarterly dividend of $0.05 per share on its common stock. The dividend is payable on September 17, 2008 to stockholders of record on September 1, 2008.

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     Minerals Technologies has scheduled an analyst conference call for Friday, July 25, 2008 at 11:00 a.m. to discuss operating results for the second quarter. The conference call will be broadcast over the company's website, www.mineralstech.com.

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This press release may contain forward-looking statements, which describe or are based on current expectations; in particular, statements of anticipated changes in the business environment in which the company operates and in the company's future operating results. Actual results may differ materially from these expectations. In addition, any statements that are not historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this document should be evaluated together with the many uncertainties that affect our businesses, particularly those mentioned in the risk factors and other cautionary statements in our 2007 Annual Report on Form 10-K and in our other reports filed with the Securities and Exchange Commission.

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					CONSOLIDATED STATEMENTS OF INCOME MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES (in thousands, except per share data) (unaudited)
						Quarter Ended					% Growth			Six Months Ended			% Growth
						June 29, 2008		March 31, 2008		July 1, 2007	Prior Year	Prior Qtr.		June 29, 2008		July 1, 2007	Prior Year
Net sales					$	299,794	$	277,520	$	271,432	10%	8%	$	577,314	$	536,915	8%
Cost of goods sold						237,512		216,785		211,318	12%	10%		454,297		420,281	8%
Production margin						62,282		60,735		60,114	4%	3%		123,017		116,634	5%
Marketing and administrative expenses						26,590		26,040		26,570	0%	2%		52,630		53,469	(2)%
Research and development expenses						6,014		6,120		6,600	(9)%	(2)%		12,134		13,528	(10)%
Restructuring and other charges						899		1,432		0	*	(37)%		2,331		0	*
Income from operations						28,779		27,143		26,944	7%	6%		55,922		49,637	13%
	Non-operating income
		(deductions) - net				(724)		(1,514)		(1,749)	(59)%	(52)%		(2,238)		(4,428)	(49)%
Income before provision for
	taxes on income, minority interests
	and discontinued operations					28,055		25,629		25,195	11%	9%		53,684		45,209	19%
Provision for taxes on income						8,653		7,945		8,245	5%	9%		16,598		14,808	12%
Minority interests						713		853		823	(13)%	(16)%		1,566		1,671	(6)%
Income from continuing operations						18,689		16,831		16,127	16%	11%		35,520		28,730	24%
Income (loss) from discontinued operations, net of tax						4,646		376		(1,753)	(365)%	*		5,022		(3,535)	*
Net income					$	23,335	$	17,207	$	14,374	62%	36%	$	40,542	$	25,195	61%
* Percentage not meaningful
Weighted average number of common
	shares outstanding:
			Basic			18,937		19,076		19,202				19,006		19,133
			Diluted			19,065		19,179		19,457				19,114		19,358
Earnings per share:
Basic:
	Income from continuing operations				$	0.99	$	0.88	$	0.84	18%	13%	$	1.87	$	1.50	25%
	Income (Loss) from discontinued operations					0.24		0.02		(0.09)	*	*		0.26		(0.18)	*
				Net income	$	1.23	$	0.90	$	0.75	64%	37%	$	2.13	$	1.32	61%
Diluted:
	Income from continuing operations				$	0.98	$	0.88	$	0.83	18%	11%	$	1.86	$	1.48	26%
	Income (Loss) from discontinued operations					0.24		0.02		(0.09)	*	*		0.26		(0.18)	*
				Net income	$	1.22	$	0.90	$	0.74	65%	36%	$	2.12	$	1.30	63%
Cash dividends declared per common share					$	0.05	$	0.05	$	0.05			$	0.10	$	0.10
* Percentage not meaningful

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MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
NOTES TO CONSOLIDATED STATEMENTS OF INCOME

1. For the periods ended June 29, 2008 and July 1, 2007.

2. Sales increased 6 % in the United States in the second quarter of 2008 as compared with second quarter 2007. International sales increased 15% in the second quarter of 2008 as compared with second quarter 2007. Sales increased 5% in the United States for the first six months of 2008 as compared with the first six months of 2007. International sales increased 11% for the first six months of 2008 as compared with the first six months of 2007.

3. In the third quarter of 2007, the Company initiated a plan to realign its operations as a result of an in-depth strategic review of its operations. Additional restructuring charges recorded in the second quarter and first half of 2008 associated with this realignment were as follows (millions of dollars):

   		Second Quarter		First Half 2008
   Restructuring and other costs
   Severance and other employee benefits	$	0.9	$	1.8
   Other exit costs		0.0		0.5
   	$	0.9	$	2.3

4. During the fourth quarter of 2007, the Company exited its Synsil® Products product line and reclassified such operations as discontinued. In addition, the Company reclassified to discontinued operations its two Midwest plants located in Mt. Vernon, Indiana and Wellsville, Ohio. All assets held are classified as held for disposal as of June 29, 2008 and December 31, 2007. During the second quarter of 2008, the Company sold two of its idle Synsil operations in Chester, South Carolina, and Woodville, Ohio for approximately $ 7.5 million. This resulted in a pre-tax gain of approximately $6.5 million ($4.3 million after-tax) that was recorded in discontinued operations.

   The following table details selected financial information for the businesses included within discontinued operations in the Consolidated Statements of Income (millions of dollars):

   	Three Months Ended						Six Months Ended
   		June 29,		March 31,		July 1,		June 29,		July 1,
   		2008		2008		2007		2008		2007
   Net sales	$	6.4	$	6.3	$	8.0	$	12.7	$	16.1
   Production margin		0.7		0.7		(1.5)		1.5		(3.1)
   Total expenses		0.2		0.2		1.2		0.5		2.4
   Restructuring charges (reversals)		(0.2)		(0.1)		0.0		0.3		0.0
   Income (loss) from operations		0.7		0.6		(2.7)		1.3		(5.5)
   Provision for taxes on income		0.3		0.2		(0.9)		0.6		(2.0)
   Income (loss) from operations, net of tax		0.4		0.4		(1.8)		0.7		(3.5)
   Pre-tax gains on sales of discontinued business		6.5		0.0		0.0		6.5		0.0
   Provision for taxes on gains		(2.2)		0.0		0.0		(2.2)		0.0
   Income (loss) from discontinued operations, net of tax	$	4.7	$	0.4	$	(1.8)	$	5.0	$	(3.5)

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5. The following table reflects the components of non-operating income and deductions (millions of dollars):

		Three Months Ended						Six Months Ended
			June 29, 2008		March 31, 2008		July 1, 2007		June 29, 2008		July 1, 2007
Interest income		$	1.0	$	1.1	$	0.6	$	2.1	$	1.1
Interest expense			(1.1)		(1.5)		(2.6)		(2.6)		(5.1)
Foreign exchange gains (losses)			(0.3)		(0.8)		0.2		(1.1)		(0.1)
Other deductions			(0.3)		(0.3)		0.1		(0.6)		(0.2)
	Non-operating deductions, net	$	(0.7)	$	(1.5)	$	(1.7)	$	(2.2)	$	(4.3)

6. The analyst conference call to discuss operating results for the second quarter is scheduled for Friday, July 25, 2008 at 11:00 a.m. and will be broadcast over the Company's website (www.mineralstech.com). The broadcast will remain on the Company's website for no less than one year.

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SUPPLEMENTARY DATA MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES (millions of dollars) (unaudited)
		Quarter Ended						% Growth		Six Months Ended				% Growth
SALES DATA			June 29, 2008		March 31, 2008		July 1, 2007	Prior Year	Prior Qtr.		June 29, 2008		July 1, 2007	Prior Year
United States		$	158.3	$	148.5	$	148.7	6%	7%	$	306.8	$	293.5	5%
International			141.5		129.0		122.7	15%	10%		270.5		243.4	11%
	Net Sales	$	299.8	$	277.5	$	271.4	10%	8%	$	577.3	$	536.9	8%
Paper PCC		$	142.2	$	137.9	$	133.9	6%	3%	$	280.0	$	267.6	5%
Specialty PCC			15.8		15.3		15.6	1%	3%		31.1		30.5	2%
	PCC Products	$	158.0	$	153.2	$	149.5	6%	3%	$	311.1	$	298.1	4%
Talc		$	9.5	$	9.2	$	9.7	(2)%	3%	$	18.7	$	19.1	(2)%
Ground Calcium Carbonate			21.6		18.4		21.6	0%	17%		40.1		39.6	1%
	Processed Minerals Products	$	31.1	$	27.6	$	31.3	(1)%	13%	$	58.8	$	58.7	0%
	Specialty Minerals Segment	$	189.1	$	180.8	$	180.8	5%	5%	$	369.9	$	356.8	4%
Refractory products		$	89.8	$	79.1	$	73.1	23%	14%	$	168.9	$	144.7	17%
Metallurgical Products			20.9		17.6		17.5	19%	19%		38.5		35.4	9%
	Refractories Segment	$	110.7	$	96.7	$	90.6	22%	14%	$	207.4	$	180.1	15%
	Net Sales	$	299.8	$	277.5	$	271.4	10%	8%	$	577.3	$	536.9	8%
SEGMENT OPERATING INCOME DATA
	Specialty Minerals Segment	$	20.1	$	18.4	$	18.4	9%	9%	$	38.5	$	34.4	12%
	Refractories Segment	$	8.9	$	8.8	$	8.5	5%	1%	$	17.8	$	15.2	17%
	Unallocated Corporate Expenses	$	(0.2)	$	(0.1)	$	0.0	*	100%	$	(0.4)	$	0.0	*
	Consolidated	$	28.8	$	27.1	$	26.9	7%	6%	$	55.9	$	49.6	13%

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MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES CONDENSED CONSOLIDATED BALANCE SHEETS
ASSETS
	(In Thousands of Dollars)
					June 29, 2008*		December 31, 2007**
Current assets:
	Cash & cash equivalents			$	138,979	$	128,985
	Short-term investments				13,210		9,697
	Accounts receivable, net				211,906		180,868
	Inventories				128,654		103,373
	Prepaid expenses and other current assets				27,289		22,773
	Assets held for disposal				22,099		27,614
			Total current assets		542,137		473,310
Property, plant and equipment					1,386,821		1,351,843
Less accumulated depreciation					907,639		862,457
			Net property, plant & equipment		479,182		489,386
Goodwill					71,816		71,964
Prepaid pension costs					54,625		53,667
Other assets and deferred charges					35,481		40,566
			Total assets	$	1,183,241	$	1,128,893
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
	Short-term debt			$	19,368	$		9,518
	Current maturities of long-term debt				397			7,210
	Accounts payable				78,016			66,084
	Restructuring liabilities				4,695			14,479
	Other current liabilities				59,091			65,057
	Liabilities of assets held for disposal-current				3,312			4,801
		Total current liabilities			164,879			167,149
Long-term debt					101,221			111,006
Other non-current liabilities					113,872			99,565
		Total liabilities			379,972			377,720
Total shareholders' equity					803,269			751,173
		Total liabilities and shareholders' equity		$	1,183,241	$		1,128,893
*   Unaudited.
**  Condensed from audited financial statements.