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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 July 9, 2021, the Board of Directors of Cabot Corporation (NYSE: CBT) declared a quarterly dividend of $0.35 per share. This dividend will be payable on September 10, 2021, to stockholders of record by August 27, 2021. Cabot Corporation is known for its specialty chemicals and performance materials, specializing in products such as carbon black, activated carbon, and elastomer composites. The company continues to foster investor confidence through consistent dividend payments.
Cabot Corporation (NYSE: CBT) will release its third quarter operating results for fiscal 2021 on August 9, 2021, after market close. A conference call and live webcast are scheduled for August 10, 2021, at 8:00 am ET, to discuss these results. The event can be accessed via Cabot's website and will be archived for later viewing. Cabot is a leading global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts, specializing in rubber, specialty carbons, activated carbon, and other chemical products.
On May 14, 2021, Cabot Corporation (NYSE: CBT) announced a quarterly dividend of $0.35 per share for all outstanding common stock. This dividend is scheduled for payment on June 11, 2021, to stockholders of record as of May 28, 2021. Cabot Corporation is a leading global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts, known for its carbon black and specialty materials.
Cabot Corporation (NYSE: CBT) reported a strong second quarter of fiscal 2021 with a GAAP EPS of $1.30, rising from a loss of $0.01 in the previous year. Record adjusted EPS reached $1.38, up from $0.77. EBIT in Reinforcement Materials surged 46% year-over-year to $89 million, while Performance Chemicals EBIT increased by $27 million to $58 million. The company maintains a solid liquidity of approximately $1.3 billion, with a debt to EBITDA ratio of 2.3x. For FY 2021, adjusted EPS guidance is expected between $4.70 to $4.95.
Cabot Corporation (NYSE: CBT) announced that 11 of its U.S. sites have received Responsible Care® awards for Facility Safety from the American Chemistry Council (ACC). This recognition highlights Cabot's commitment to safety, health, environmental standards, and continuous improvements in preventing injuries among employees and contractors. The awards were presented at the virtual 2021 Responsible Care® & Sustainability Conference. Cabot has been a member of the ACC since 2010 and actively participates in Responsible Care®, an initiative aimed at enhancing safety and sustainability in the chemical industry.
Cabot Corporation (NYSE: CBT) will release its second quarter operating results for fiscal 2021 on May 3, 2021, after market close. A conference call and live webcast to discuss these results will take place on May 4, 2021, at 8:00 am ET. Investors can access the webcast on Cabot’s website. The company specializes in chemicals and performance materials, including rubber and specialty carbons. Forward-looking statements regarding the business may involve risks and uncertainties, detailed in the Company's Annual Report on Form 10-K.
Cabot Corporation (NYSE: CBT) has successfully completed an $85 million air emissions control project at its carbon black manufacturing facility in Franklin, Louisiana. This initiative is set to eliminate over 20 tons of NOX and SO2 emissions per day, contributing to improved air quality. Additionally, the facility will recover waste heat to generate up to 50 megawatts of power without further emissions. Cabot's project exemplifies its commitment to sustainability, enhancing its leadership in the carbon black industry while maintaining reliable supply for North American customers.
Cabot Corporation (NYSE: CBT) has expanded its commitment to Responsible Care by completing the RC14001 certification at four additional manufacturing sites in China, including Wuhai and Xuzhou. This certification signifies adherence to global safety, health, and environmental standards. The Shanghai Holding Office and Asia Technology Center also received certification. Cabot emphasizes its leadership in sustainable practices in the chemical industry while working to enhance transparency within local communities. This achievement supports Cabot's larger sustainability initiatives aligned with their updated 2025 goals.
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