STOCK TITAN

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.

Rhea-AI Summary
Cabot Corporation (NYSE: CBT) reported its fourth quarter and fiscal year 2023 results. The company achieved a fiscal year 2023 diluted EPS of $7.73 and adjusted EPS of $5.38. The Reinforcement Materials segment EBIT reached a record $482 million. Cash flows from operations were $138 million in the fourth quarter. Cabot returned $73 million to shareholders through dividends and share repurchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.31%
Tags
none
-
Rhea-AI Summary
Cabot Corporation has launched its new REPLASBLAK product family of circular black masterbatches with certified material. The company's EVOLVE Sustainable Solutions technology platform is designed to deliver sustainable content with reliable performance at industrial scale. Cabot has introduced three new black masterbatch products powered by EVOLVE Sustainable Solutions, all of which are ISCC PLUS certified and leverage a mass balance approach. These products offer significant reductions in greenhouse gas emissions and are suitable for various applications in the automotive, agriculture, packaging, and construction segments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.39%
Tags
none
-
Rhea-AI Summary
Cabot Corporation to release Q4 2023 operating results on November 6, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.36%
Tags
Rhea-AI Summary
Cabot Corporation achieves ISCC PLUS certification at six facilities, aims to expand certification globally
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
Tags
none
-
Rhea-AI Summary
Cabot Corporation announces election of Michelle Williams to its Board of Directors and leadership succession plan
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.31%
Tags
management
-
Rhea-AI Summary
Cabot Corporation's CFO to present at Jefferies Industrials Conference on September 7, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.29%
Tags
conferences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.77%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
Tags
dividends
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.51%
Tags

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.

Cabot Corporation

NYSE:CBT

CBT Rankings

CBT Stock Data

5.07B
53.74M
1.18%
96.86%
4.44%
Specialty Chemicals
Miscellaneous Chemical Products
Link
United States of America
BOSTON