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 Corporation has launched the new ENERMAX™ 6 carbon nanotube (CNT) series, which features the highest conductivity among its CNT products. This innovation enhances battery performance by improving energy density while reducing internal resistance and the need for conductive carbon additives.
Cabot, following its acquisition of Shenzhen Sanshun Nano New Materials Co., Ltd, offers a comprehensive portfolio of carbon additives, demonstrating its commitment to energy solutions and sustainability. The ENERMAX™ 6 series will be showcased at the 14th China International Battery Fair in Shenzhen from March 19-21, 2021.
Cabot Corporation has launched its new Engineered Elastomer Composites (E2C™) product, E2C™ DZ8650, enhancing durability for mining applications. This innovative solution promises over 50% extended life for slurry pump liners, reducing operational costs and increasing throughput. DZ8650 simplifies production with friable bales, allowing manufacturers to streamline processes without heavy investment. The product aims to improve sustainability while enhancing performance, reinforcing Cabot's commitment to the industry.
Cabot Corporation (NYSE: CBT) reported strong results for Q1 FY2021, achieving a GAAP EPS of $1.06, up from $0.70 a year earlier. Adjusted EPS reached a record $1.18, highlighting a significant recovery in end markets. Reinforcement Materials EBIT surged 87% year-over-year to $88 million, while Performance Chemicals EBIT rose 32% due to a 9% increase in volumes. The company maintains strong liquidity of approximately $1.5 billion and a debt to EBITDA ratio of 2.5x. Looking forward, CBT anticipates Q2 adjusted EPS between $0.90-$1.00, despite rising costs and potential market fluctuations.
Cabot Corporation (NYSE: CBT) has achieved a platinum rating from EcoVadis for its sustainability efforts, ranking in the top 1% of companies in the Basic Chemicals manufacturing sector. Previously, Cabot held a gold rating for four years. The assessment evaluates environment, labor and human rights, ethics, and sustainable procurement, and Cabot scored “advanced” in all categories. This recognition underscores Cabot's commitment to sustainability as a vital aspect of its long-term success, as stated by CEO Sean Keohane.
Cabot Corporation (NYSE: CBT) has announced the release of its first quarter operating results for fiscal 2021, scheduled for Monday, February 1, 2021, after market close. A conference call and live webcast will follow on Tuesday, February 2, 2021, at 8:00 am (ET) to discuss these results. Investors can access the live stream and archived presentation on the company's website. Cabot is a leading global provider of specialty chemicals and performance materials, offering products including rubber, activated carbon, and fumed silica.
Cabot Corporation (NYSE: CBT) announced the retirement of Mark S. Wrighton from its Board of Directors, effective at the Annual Meeting of Stockholders on March 11, 2021. Wrighton, a board member since 1997, has been instrumental in guiding the company with his extensive knowledge and experience. His contributions include serving on the Compensation Committee and previously on the Safety, Health, Environment, and Sustainability Committee. Wrighton's retirement marks a significant change in the board, as he has been a key figure in overseeing Cabot's technological advancements and public company management.
Cabot Corporation (NYSE: CBT) has declared a quarterly dividend of $0.35 per share on its common stock. This dividend will be payable on March 12, 2021, to stockholders on record as of February 26, 2021. Headquartered in Boston, Cabot is a global leader in specialty chemicals and performance materials, including products such as carbon black and activated carbon. The announcement underscores the company’s commitment to returning value to shareholders amidst its diverse portfolio and market presence.
Cabot Corporation (NYSE: CBT) reported a fourth quarter net loss of $272 million ($4.81 per share) for fiscal 2020, down from a profit of $33 million in the previous year. Adjusted EPS stood at $0.68, compared to $1.05 last year. Despite a strong operating cash flow of $99 million for the quarter, net sales decreased to $659 million from $827 million. The company sold its lignite mine in Texas as part of a transformational strategy. Looking forward, Cabot expects improved EBIT and adjusted EPS between $0.80 and $0.90 for Q1 2021, contingent on ongoing economic recovery.
Cabot Corporation (NYSE: CBT) has announced a quarterly dividend of $0.35 per share on all outstanding common stock. This dividend is payable on December 11, 2020, to shareholders recorded by the close of business on November 27, 2020. As a leader in specialty chemicals and performance materials, Cabot provides essential products like carbon black and activated carbon. The company emphasizes its commitment to shareholder returns through consistent dividend payments.
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