Welcome to our dedicated page for Cabot Corporation news (Ticker: CBT), a resource for investors and traders seeking the latest updates and insights on Cabot Corporation stock.
Cabot Corporation (NYSE: CBT), headquartered in Boston, Massachusetts, is a leading global specialty chemicals and performance materials company. It is known for providing innovative performance solutions that address today's challenges and prepare for future needs. Cabot Corp's operations are divided into two main segments, each offering a range of products that are essential across various industries.
Reinforcement Materials Segment: This segment is the company's largest revenue generator. It specializes in rubber-grade carbon black products, which are essential in the manufacturing of hoses, belts, and other rubber products used in the automotive industry. These materials enhance the durability and performance of automotive components, making them indispensable to manufacturers.
Performance Chemicals Segment: This segment focuses on the production of ink-jet colorants and metal oxides. These products are widely used in the automotive and construction industries. Ink-jet colorants are crucial for high-quality printing applications, while metal oxides are used in coatings, adhesives, and sealants, providing superior performance and durability in construction materials.
Recent achievements for Cabot Corporation include strategic partnerships and expansions that have helped the company solidify its market position. Financially, the company has shown resilience with steady revenue streams from its diverse product portfolio. Current projects include innovations in sustainable materials and advanced technology integration to meet evolving industry standards.
Cabot Corporation is dedicated to continuous improvement and sustainability. The company invests in research and development to create products that are not only high-performing but also environmentally friendly. Their commitment to innovation and quality makes them a significant player in the specialty chemicals and performance materials industry.
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.
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 December 13, 2024, to stockholders of record as of the close of business on November 29, 2024.
Cabot (NYSE: CBT) reported strong fourth quarter and fiscal year 2024 results. Q4 Diluted EPS reached $2.43 with Adjusted EPS of $1.80, representing a 9% increase year-over-year. Fiscal year 2024 showed impressive performance with Diluted EPS of $6.72 and Adjusted EPS of $7.06, marking a 31% increase from the previous year. The company generated $692 million in operating cash flow, enabling $241 million in capital investments, $93 million in dividends, and $172 million in share repurchases. Notable achievements include reaching the top end of their 2021 Investor Day target for Adjusted EPS CAGR and securing a $50 million DOE award for a battery-grade carbon nanotubes facility.
Cabot (NYSE: CBT) has announced its upcoming 2024 Investor Day, scheduled for Wednesday, December 4, 2024, at 9:00 a.m. Eastern Time. The event will take place at The Westin Boston Seaport District in Boston, Massachusetts, with a virtual attendance option available.
President and CEO Sean D. Keohane, along with the executive management team, will present insights on the company's strategy, growth initiatives, sustainability leadership, and long-term financial targets. Attendees can register for in-person or virtual participation through a provided link.
The event will feature a live webcast with video, audio, and presentation slides, accessible on cabotcorp.com/investors. Virtual attendees will have the opportunity to participate in Q&A sessions. A replay of the webcast will be available after the event on the company's website.
Cabot (NYSE: CBT) has announced that it will release its fourth quarter fiscal 2024 operating results on Monday, November 4, 2024, after the market closes. The company will host a conference call and live webcast to discuss these results on Tuesday, November 5, 2024, starting at 8:00 am (ET).
The webcast will be facilitated by Notified and can be accessed through Cabot's website at https://cabotog.gcs-web.com/. For those unable to participate in the live event, the call and accompanying slide presentation will be archived on the company's website for later viewing.
Cabot (NYSE: CBT) has been selected for an award negotiation of up to $50 million by the U.S. Department of Energy to support the development of a new U.S.-based manufacturing facility for battery-grade carbon nanotubes (CNTs) and conductive additive dispersions. This grant will cover nearly 30% of the total $181 million investment for the project.
The facility, to be located in Wayne County, Michigan, will be the first commercial-scale production site for these critical materials in the U.S., enhancing the domestic lithium-ion battery supply chain for electric vehicles and the electrical grid. Cabot plans to revitalize a former automotive site, creating hundreds of new construction and full-time manufacturing jobs. The company has partnered with several trade unions to support this project.
This investment aligns with Cabot's role in the energy transition, showcasing its commitment to providing innovative material solutions for battery technologies and the broader energy storage and management ecosystem.
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