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 (NYSE: CBT) will release its first-quarter fiscal 2023 operating results on February 9, 2023, after market close. A conference call will follow on February 10, 2023, at 8:00 am ET for a review of these results. The call will be available via webcast on the company's website. Cabot Corporation is a global leader in specialty chemicals and performance materials, known for its innovative products in rubber and specialty carbons.
Cabot Corporation (NYSE: CBT) announced the promotion of three senior leaders to Executive Vice President: Hobart C. Kalkstein, Erica McLaughlin, and Jeff Zhu. Kalkstein oversees the Reinforcement Materials Segment, McLaughlin serves as CFO and Head of Corporate Strategy, and Zhu directs the Performance Chemicals Segment. CEO Sean Keohane praised their significant contributions and expressed excitement about their expanded roles in driving the company's growth strategy. This leadership enhancement is seen as a strategic move to bolster Cabot's performance and sustainability initiatives.
Cabot Corporation (NYSE: CBT) will participate in Deutsche Bank’s 7th Annual Lithium and Battery Supply Chain Conference on December 7, 2022, in New York City. CEO Sean Keohane and CTO Patricia Hubbard will engage in one-on-one meetings and a panel discussion on ‘Battery Chemistry & Innovation’ from 11:30 AM to 11:50 AM ET. Investors can access additional materials on Cabot's investor relations website. Cabot is recognized as a leader in specialty chemicals and performance materials, providing products like carbon black and engineered elastomer composites.
On November 10, 2022, Cabot Corporation (NYSE: CBT) announced a quarterly dividend of $0.37 per share. This dividend payment will be distributed on December 9, 2022, to shareholders on record as of November 25, 2022. Cabot Corporation is a global leader in specialty chemicals, providing products like carbon black and engineered elastomer composites. The announcement reflects the company’s ongoing commitment to returning value to shareholders.
Cabot Corporation (NYSE: CBT) reported strong financial results for fiscal year 2022, with a diluted EPS of $3.62 and record adjusted EPS of $6.28, marking a 25% increase from the previous year. Key highlights include a 74% revenue increase in Battery Materials, reaching $132 million, and a 24% growth in segment EBIT for Reinforcement Materials. Operating cash flow was robust at $105 million, with liquidity remaining strong at $1.1 billion. Despite challenges anticipated in fiscal 2023 due to inflation and energy costs, adjusted EPS is projected to be between $6.25 and $6.75.
Cabot Corporation (NYSE: CBT) has launched its new LITX® 93 series of conductive carbon additives (CCA) for lithium-ion batteries, targeting electric vehicles (EV), energy storage, and consumer electronics. This series enhances electronic conductivity and lithium-ion diffusion, crucial for efficient battery performance. The increasing demand for rechargeable batteries and EVs is anticipated to drive further growth in the battery market. Manufactured globally, the LITX 93 series aims to provide a reliable supply for battery manufacturers, enabling high energy density and performance.
Cabot Corporation (NYSE: CBT) expands its E2C™ solutions with the launch of E2C™ FX9570 and E2C™ EX9620. These products enhance performance for rubber manufacturers by increasing durability and minimizing heat for tires and industrial products. EX9620, part of the Efficiency series, offers abrasion resistance under high temperatures, while FX9570, from the Foundation series, decreases heat build-up by up to 20%. The E2C solutions are designed to simplify product commercialization and improve sustainability, lasting 15-30% longer than traditional compounds.
Cabot Corporation (NYSE: CBT) is set to release its fourth quarter operating results for fiscal 2022 on November 7, 2022, after market close. A conference call and live webcast will follow on November 8, 2022, at 8:00 am ET, providing a review of these results. Interested parties can access the call via Cabot's website and it will be archived for later viewing. Cabot, based in Boston, specializes in chemical and performance materials, including rubber and specialty carbons.
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