Cabot Corporation - CBT STOCK NEWS

Cabot Corporation (NYSE: CBT) has priced a public offering of $400 million in 5.000% senior unsecured notes due 2032, selling at 99.330% of the face amount. Interest will be paid semiannually starting on December 30, 2022. The closing date is anticipated for June 22, 2022. Proceeds will be used to fully redeem existing 2022 Notes and for working capital and general corporate purposes. The offering is managed by J.P. Morgan and other financial institutions, with details available through the SEC's website.

Cabot Corporation (NYSE: CBT) announced that its CEO, Sean Keohane, will present at the Deutsche Bank Global Materials Conference in New York on June 9, 2022, at 10:30 am ET. A live webcast of the presentation will be accessible on Cabot's investor website, along with a replay and presentation slides. Cabot Corporation specializes in various products, including carbon black and engineered elastomer composites, and is headquartered in Boston, Massachusetts. Investors can visit cabotcorp.com for more information.

Univar Solutions (NYSE: UNVR) has been appointed as the distributor for Cabot Corporation's specialty carbon black products in Brazil. This agreement strengthens their existing relationship and aims to enhance sustainability and product performance for customers in the plastics and battery markets. Cabot's products are crucial for improving the efficiency and durability of hybrid and electric vehicle batteries, as well as being versatile for other applications. The collaboration is expected to benefit customers by providing innovative materials backed by technical support and commercial excellence.

On May 13, 2022, Cabot Corporation (NYSE: CBT) announced a quarterly dividend of $0.37 per share on all outstanding common stock. This dividend will be payable on June 10, 2022, to stockholders of record by the close of business on May 27, 2022. Established in Boston, Cabot specializes in carbon black, specialty carbons, and various performance materials, contributing significantly to multiple industries.

Cabot Corporation (NYSE: CBT) has appointed Raffiq Nathoo to its Board of Directors and Audit Committee, effective May 12, 2022. Nathoo, a seasoned investor with 30 years of experience in investment banking and private equity, was a Senior Managing Director at Blackstone for 14 years. Non-Executive Chair Sue H. Rataj emphasized Nathoo's leadership and financial expertise as key to enhancing the board's oversight of the company's growth strategy. Nathoo expressed enthusiasm for contributing to Cabot's opportunities for growth and advancing its strategy.

Cabot Corporation (NYSE: CBT) reported a strong second quarter for fiscal 2022 with a diluted EPS of $1.84, up 42% year-over-year, and a record adjusted EPS of $1.69, reflecting robust performance in its Reinforcement Materials and Performance Chemicals segments. Net sales rose to $1.092 billion, up from $842 million a year earlier. The company returned $36 million to shareholders through dividends and buybacks and improved its adjusted EPS outlook for the fiscal year to $5.80 to $6.20. Additionally, Cabot achieved a platinum rating in ESG performance for the second consecutive year.

Cabot Corporation (NYSE: CBT) announced the expansion of its Inkjet manufacturing facility in Haverhill, Massachusetts, with a new production line. This expansion is part of a $50 million investment over the next three years to increase capacity for color aqueous pigment dispersions, meeting the growing demand for digital printing solutions. The new line is set to be operational in 2023, enhancing operational efficiencies and supporting the transition to digital printing by offering more sustainable production options.

Cabot Corporation (NYSE: CBT) will release its operating results for Q2 FY2022 on May 2, 2022, after market close. A conference call and webcast will follow on May 3, 2022, at 8:00 AM ET to discuss these results. Investors can access the webcast via Cabot's official website, where an archive of the presentation will also be available. Cabot is a leader in carbon black and specialty chemicals, headquartered in Boston, Massachusetts.

Cabot Corporation (NYSE: CBT) has been awarded a platinum rating by EcoVadis for the second year in a row, putting it in the top 1% of the basic chemicals manufacturing sector. This rating reflects Cabot's strong performance in environmental, social, and governance (ESG) areas, with an outstanding score in the environment category. Cabot aims for net-zero carbon emissions by 2050, emphasizing sustainability as a core company value. Additionally, the company has been recognized in Newsweek's 'America’s Most Responsible Companies' list for three consecutive years.