Cabot Corp

Latest Results (04.04.2026):

Cabot Corporation — Fourth Quarter, Fiscal 2025: Cabot reported results for the fourth quarter and full fiscal year 2025. For Q4 FY2025 the company posted diluted EPS of $0.79 and Adjusted EPS of $1.70. For the full fiscal year 2025 diluted EPS was $6.02 and Adjusted EPS was $7.25. The company generated meaningful operating cash flow for the year, continued returning capital to shareholders, and noted continued headwinds in Reinforcement Materials demand heading into fiscal 2026.

Earnings (Q4 & FY2025)

Q4 FY2025 diluted EPS: $0.79; Q4 Adjusted EPS: $1.70 (Adjusted EPS down about 6% year‑over‑year). FY2025 diluted EPS: $6.02; FY2025 Adjusted EPS: $7.25 (Adjusted EPS up ~3% year‑over‑year).

Revenue and Net Income

Net sales — Q4: $899M (down from $1,001M year‑ago quarter); FY2025: $3,713M (down from $3,994M FY2024). Net income attributable — Q4: $43M; FY2025: $331M.

Segment performance

Reinforcement Materials: Q4 EBIT $119M (down vs prior year quarter); FY EBIT $508M, a ~5% decline year‑over‑year. Performance Chemicals: FY EBIT $194M, up ~18% year‑over‑year. Global Reinforcement Materials volumes were down ~5% year‑over‑year in Q4.

Cash flow and capital returns

Cash flows from operations — Q4: $219M; FY2025: $665M. Free cash flow FY2025: $391M and Discretionary Free Cash Flow: $447M. During FY2025 the company invested $274M in capex, paid $96M in dividends and repurchased $168M of shares.

Liquidity and balance sheet

Cash and cash equivalents at quarter end: $258M. Total assets $3,815M and total stockholders’ equity $1,705M at FY2025 year‑end. Net debt profile and working capital movements were disclosed in the financial statements.

Non‑GAAP and margin metrics

Adjusted EBITDA for FY2025: $804M. Reinforcement Materials FY EBITDA margin ~25%; Performance Chemicals FY EBITDA margin ~22% (per company reconciliation tables).

Sustainability, M&A and other highlights

Released the 2024 Sustainability Report, achieved 11 of 15 2025 sustainability goals ahead of schedule and established 2030 goals. Announced an agreement to acquire Bridgestone’s reinforcing carbons plant in Mexico.

Outlook and commentary

Management noted ongoing weakness in the external environment—particularly regional demand pressure in Reinforcement Materials due to elevated Asian tire imports—and said it expects Adjusted EPS for fiscal 2026 to be in a range (specific range not provided in the release excerpt). The company expects an operating tax rate for fiscal 2026 of about 27%–29% and reiterated focus on cost management, cash generation and returning capital to shareholders.