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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.
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.
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.
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