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.
On November 12, 2021, Cabot Corporation (NYSE: CBT) announced a quarterly dividend of
Cabot Corporation (NYSE: CBT) reported a strong fiscal 2021, achieving a GAAP EPS of $4.34 and record Adjusted EPS of $5.02. Key drivers included Reinforcement Materials EBIT of $329 million and Performance Chemicals EBIT of $211 million. Fourth quarter results showed net sales of $904 million, a significant increase from $659 million YoY. The company experienced solid growth in all segments, notably doubling Battery Materials revenue. Liquidity remains robust at $1.3 billion, with a Net Debt to EBITDA ratio declining to 1.6 times. Looking ahead, Cabot anticipates strong end-market demand and adjusted EPS of $5.20 to $5.60 for fiscal 2022.
Cabot Corporation (NYSE: CBT) has launched the VULCAN® 3-LP carbon black, enhancing its Cabot LP carbon black series for rubber applications. This low polycyclic aromatic hydrocarbon (PAH) product meets stringent regulatory standards, making it suitable for consumer rubber goods and food contact items. The VULCAN 3-LP carbon black is designed for increased strength and resistance in rubber products, showcasing Cabot's commitment to innovation and regulatory compliance. This addition provides clients with flexible options that adhere to evolving safety standards.
Cognizant (Nasdaq: CTSH) has partnered with Cabot Corporation (NYSE: CBT) to revamp Cabot's digital operating model. This collaboration will see Cognizant providing managed services in Application Development, Maintenance, and Infrastructure. The initiative aims to enhance Cabot's efficiency and drive its digital strategy, utilizing technologies such as AI, automation, and cloud services. Cabot’s Vice President emphasized Cognizant's strong reputation and capability in delivering transformational programs, which are essential for achieving their strategic growth goals.
Cabot Corporation (NYSE: CBT) will release its fourth quarter operating results for fiscal 2021 on November 8, 2021, post market hours. A conference call and live webcast will occur on November 9, 2021, at 8:00 am ET to discuss the results. The call will be available on Cabot's website, with an archived presentation for those unable to attend live. Cabot is a global leader in specialty chemicals, providing products such as rubber, specialty carbons, and activated carbon.
Cabot Corporation (NYSE: CBT) will host an Investor Day on December 2, 2021, at 9:30 a.m. ET in Boston, Massachusetts, where CEO Sean D. Keohane and the executive team will discuss core business drivers and strategic initiatives, focusing on sustainability, innovation, and capital allocation.
The event will be held at the Intercontinental Hotel and available virtually. Registration details will be shared later. A live webcast will include video and Q&A sessions, with an archived version available post-event.
Cabot Corporation (NYSE: CBT) reported a strong third quarter for fiscal 2021, achieving a GAAP EPS of $1.48, up from a loss of $0.12 year-over-year. Adjusted EPS also rose to $1.35 from a loss of $0.07. Net sales increased to $917 million, driven by robust demand across various sectors, particularly in energy materials for lithium-ion batteries. The company maintains strong liquidity of approximately $1.3 billion, with a debt to EBITDA ratio of 1.9 times. The adjusted EPS guidance for the fiscal year is now expected to be between $4.85 and $5.05.
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