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Cabot Corporation (CBT) delivers essential specialty chemicals and performance materials driving innovation across automotive, construction, and industrial sectors. This news hub provides investors and industry professionals with authoritative updates on operational developments, strategic initiatives, and market leadership in materials science.
Access real-time press releases and analysis covering earnings announcements, product innovations, sustainability efforts, and supply chain developments. Our curated feed aggregates regulatory filings, partnership disclosures, and technology breakthroughs impacting CBT's reinforcement materials and performance chemicals segments.
Key updates include manufacturing expansions, R&D investments in sustainable materials, and quality certifications for automotive-grade carbon black. Track how CBT's solutions address evolving demands in tire manufacturing, battery materials, and industrial coatings through verified news sources.
Bookmark this page for streamlined monitoring of Cabot's operational milestones and market positioning. Combine strategic insights with fundamental data to assess the company's role in advancing material science solutions globally.
ITT Inc. (NYSE: ITT) has nominated Douglas DelGrosso to its Board of Directors, with the election scheduled for May 21, 2025, subject to shareholder approval at the annual meeting. DelGrosso, who recently retired as president and CEO of Adient plc in December 2023, brings extensive global operations experience from his leadership roles in automotive and manufacturing sectors.
DelGrosso's career includes serving as president and COO of Chassix Inc. (2016-2018) and as president and CEO of Henniges Automotive (2012-2015). He currently serves on the Board of Directors of Cabot and two private companies: Pangea and Accuride Upon election, DelGrosso will be appointed to ITT's Nominating and Governance Committee.
Cabot (NYSE: CBT) has scheduled the release of its second quarter fiscal 2025 operating results on Monday, May 5, 2025, after market close. The company will hold a conference call and live webcast to discuss the quarterly results on Tuesday, May 6, 2025, starting at 8:00 am (ET). Investors can access the webcast through Cabot's website, and those unable to attend can later access the archived call and presentation materials on the company's website.
Cabot (NYSE: CBT) reported strong first quarter fiscal 2025 results with diluted EPS of $1.67 and Adjusted EPS of $1.76, representing a 13% increase year-over-year. The company's Reinforcement Materials segment achieved EBIT of $130 million, up 1%, while Performance Chemicals segment EBIT grew 32% to $45 million.
Net sales were $955 million, with net income of $93 million. The company generated operating cash flow of $124 million, returning $66 million to shareholders through dividends and share repurchases. Global Reinforcement Materials volumes increased 1%, with growth in Asia Pacific and EMEA, offset by a 1% decline in Americas. Performance Chemicals saw an 8% volume increase.
The company maintained its fiscal 2025 Adjusted EPS outlook of $7.40 to $7.80, supported by strong operational performance and successful customer agreement negotiations.
Cabot (NYSE: CBT) announced that its Board of Directors has declared a quarterly dividend of $0.43 per share on all outstanding shares of common stock. The dividend will be paid on March 14, 2025, to stockholders of record as of the close of business on February 28, 2025.
Cabot (NYSE: CBT) has announced it will release its first quarter fiscal 2025 operating results on Monday, February 3, 2025, after market close. The company will host a conference call and live webcast to discuss the results on Tuesday, February 4, 2025, starting at 8:00 am (ET). The webcast will be hosted by Notified and will be accessible through Cabot's website. For those unable to attend the live session, both the call and accompanying slide presentation will be archived on the company's website.
Cabot 's (NYSE: CBT) Board of Directors has been named 2025 'Public Company Board of the Year' by the National Association of Corporate Directors (NACD) New England Chapter. The award recognizes exceptional corporate leadership and governance of boards in New England. Chairman Michael Morrow and CEO Sean Keohane will accept the award at NACD's 17th annual celebration on April 28, 2025.
The board was recognized for its diverse expertise in sustainability, international operations, and chemistry technology, which supports the company's 'Creating for Tomorrow' strategy. The recognition highlights Cabot's strong governance practices, financial growth, and commitment to safety, health, environmental protection, and sustainability while delivering value to shareholders.
NACD New England has announced its 'Director of the Year' honorees for 2025, with Cabot (NYSE: CBT) and King Arthur Baking Co. receiving Public and Private Company Boards of the Year awards respectively. The recognition ceremony will take place at a Boston gala event on April 28, 2025.
Cabot, a Boston-based global specialty performance materials and chemicals company, was recognized for its 140-year legacy of innovation, focus on sustainability, and strong financial performance. The company creates materials for applications including tire reinforcement, lithium-ion batteries, and inkjet dispersions.
Additionally, Ann Fudge will receive the R. Robert Popeo Lifetime Achievement Award, while Jack Egan and J. Keith Motley will be honored for corporate and non-profit leadership respectively.
Cabot (NYSE: CBT) has won the CLEPA Innovation Award 2024 in the Green category for its REPLASBLAK® universal circular black masterbatches. The award recognizes their innovative products REPLASBLAK® reUN5285 and reUN5290, which are the industry's first universal circular black masterbatches with ISCC PLUS certification for automotive plastics applications.
These solutions offer up to 45% ISCC PLUS mass balance certified material and achieve nearly 20% greenhouse gas emissions reduction compared to standard black masterbatch. Made from mechanically recycled polymer, they provide high gloss and high jetness pigmentation, maintaining superior color performance and mechanical properties suitable for various automotive applications including interiors, exterior parts, and under-the-hood components.
Cabot (NYSE: CBT) hosted its 2024 Investor Day, presenting its 'Creating for Tomorrow' strategy and new financial targets. The company successfully achieved its previous 3-year targets, delivering the top end of its 8-12% Adjusted EPS CAGR target and exceeding its $1 billion DFCF target with $1.2 billion.
The strategy focuses on three pillars: Grow (strategic investments), Innovate (product development), and Optimize (continuous improvement). New 3-year financial targets include: Adjusted EPS CAGR of 7-10% from fiscal 2024 through 2027 and Adjusted EBITDA of $0.9-$1.0 billion by fiscal 2027.
Cabot (NYSE: CBT) announced its Board of Directors has authorized the repurchase of up to 10 million additional shares of common stock, bringing the total available shares for repurchase to approximately 11 million. The company plans to execute the repurchases through open market or private transactions using existing liquidity and future free cash flow.
President and CEO Sean Keohane emphasized that this authorization aligns with their 'Creating for Tomorrow' strategy, which focuses on balanced capital allocation between growth investments and shareholder returns through dividends and share repurchases. The authorization has no time limit but can be suspended or discontinued at any time.