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Cabot Corporation - CBT STOCK NEWS

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.

News

Cabot Corporation Board Increases Dividend

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The Board of Directors of Cabot (NYSE: CBT) has declared an 8% increase in the quarterly dividend to $0.43 per share, reflecting positive long-term business fundamentals and strong cash flow generation. The dividend is payable on June 14, 2024, to stockholders of record at the close of business on May 31, 2024.

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Cabot Corporation and Partners Selected for $5M in U.S. Department of Energy Grant to Support Continued Advancement of Global Hydrogen Economy

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Cabot and partners have been selected for a $5 million grant from the U.S. Department of Energy to support the development of carbon catalyst supports for fuel cells. The project aims to revolutionize the production process for medium and heavy-duty fuel cells, contributing to a more sustainable and cost-effective energy landscape.
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Cabot Corporation to Announce Second Quarter 2024 Operating Results

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Cabot (CBT) will announce its second-quarter fiscal 2024 operating results on May 6, 2024, followed by a conference call and webcast on May 7, 2024. The webcast will be hosted on Cabot's website.
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Cabot Corporation Wins Tire Technology International 2024 Awards for Innovation and Excellence for E2C® DX9660 Engineered Elastomer Composite

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Cabot (NYSE: CBT) wins the Tire Technology International 2024 Awards for 'Chemicals and Compounding Innovation of the Year' for its E2C DX9660 elastomer composite. The innovative solution offers performance and sustainability benefits for tire customers globally, showcasing a 30% increase in abrasion resistance without compromising rolling resistance. Cabot's E2C solutions aim to deliver high-quality dispersions and sustainable reinforcement agents for various tire and industrial applications.
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Cabot Corporation Launches New PROPEL® E8 Engineered Reinforcing Carbon Black for Tire Tread Applications

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Cabot (NYSE: CBT) launches PROPEL E8 engineered reinforcing carbon black to enhance durability and efficiency in electric vehicle and high-performance tire formulations. The product aims to address challenges posed by EVs, such as increased tire wear, by providing low rolling resistance and increased tread durability.
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Cabot Corp Reports First Quarter Fiscal 2024 Results

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Cabot Corporation (NYSE: CBT) announced its first quarter fiscal year 2024 results, reporting diluted earnings per share of $0.88 and adjusted EPS of $1.56. The Reinforcement Materials segment EBIT increased by 37%, reaching $129 million, while the Performance Chemicals segment EBIT grew 17% year over year, reaching $34 million. Cash Flows from Operations amounted to $105 million, with $55 million returned to shareholders through dividends and share repurchases. The company was recognized by Newsweek as one of America’s Most Responsible Companies 2024 for the fifth consecutive year. Net sales and other operating revenues for the quarter were $958 million, with net income of $50 million. Adjusted EPS for the quarter was $1.56. The Reinforcement Materials segment EBIT increased by $35 million compared to the prior year, with global volumes increasing by 2%. Performance Chemicals segment EBIT grew by $5 million, driven by 10% higher volumes. The company ended the quarter with a cash balance of $244 million. The tax expense for the quarter was $34 million with an effective tax rate of 36%. The outlook for adjusted earnings per share for fiscal year 2024 remains in the range of $6.30 to $6.80, representing a 22% increase compared to fiscal 2023.
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Cabot Corporation Board Declares Dividend

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Cabot Corporation (CBT) announced a quarterly dividend of $0.40 per share on all outstanding shares of the Corporation’s common stock, payable on March 8, 2024, to stockholders of record at the close of business on February 23, 2024.
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Cabot Corporation to Announce First Quarter 2024 Operating Results

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Cabot Corporation (NYSE: CBT) will release its first quarter fiscal 2024 operating results on February 5, 2024, after market close. The company will host a conference call and live webcast to review the results on February 6, 2024, at 8:00 am (ET). The webcast can be accessed at Cabot's website, and the archived presentation will be available on the company's website.
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Cabot Corporation Named to Newsweek’s America’s Most Responsible Companies 2024 List

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Cabot Corporation (NYSE: CBT) has been recognized by Newsweek as one of America’s Most Responsible Companies 2024 for the fifth consecutive year. This award highlights Cabot's commitment to environmental, social, and corporate governance (ESG) performance. The company's dedication to sustainability, resource conservation, and innovation in the circular economy has contributed to its leadership in sustainability. The selection process involved a four-phase evaluation, including publicly available key performance indicators and an independent survey of U.S. citizens.
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Cabot Corporation Board Declares Dividend

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Cabot Corporation (NYSE:CBT) Declares $0.40 Quarterly Dividend
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FAQ

What is the current stock price of Cabot Corporation (CBT)?

The current stock price of Cabot Corporation (CBT) is $92.39 as of December 20, 2024.

What is the market cap of Cabot Corporation (CBT)?

The market cap of Cabot Corporation (CBT) is approximately 5.1B.

What does Cabot Corporation do?

Cabot Corporation is a global specialty chemicals and performance materials company. They produce rubber-grade carbon black products, ink-jet colorants, and metal oxides.

Where is Cabot Corporation headquartered?

Cabot Corporation is headquartered in Boston, Massachusetts.

What are the main segments of Cabot Corporation?

The two main segments of Cabot Corporation are the Reinforcement Materials segment and the Performance Chemicals segment.

What products are included in the Reinforcement Materials segment?

The Reinforcement Materials segment includes rubber-grade carbon black products used in hoses and belts in the automotive industry.

What industries use products from the Performance Chemicals segment?

The Performance Chemicals segment supplies products to the automotive and construction industries.

What recent achievements has Cabot Corporation made?

Recent achievements include strategic partnerships and expansions that have helped strengthen its market position.

How does Cabot Corporation contribute to sustainability?

Cabot Corporation invests in research and development to create high-performing, environmentally friendly products.

What is the focus of Cabot Corporation’s current projects?

Current projects focus on innovations in sustainable materials and advanced technology integration.

How does Cabot Corporation ensure product quality?

Cabot Corporation is committed to continuous improvement and invests in research and development for high-quality products.

What is the significance of Cabot Corporation in its industry?

Cabot Corporation is a significant player due to its innovative solutions, diverse product range, and commitment to sustainability.

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Cabot Corporation

NYSE:CBT

CBT Rankings

#1266 Ranked by Market Cap
#1462 Ranked by Dividends

CBT Stock Data

5.07B
53.74M
1.18%
96.86%
4.44%
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