Cabot Corp

CBT

Equity

ISIN US1270551013 / Valor 915458

New York Stock Exchange, Inc (2024-12-26)

USD 92.74+0.21%

Cabot Corp
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Cabot Corporation is a global specialty chemicals and performance materials company based in Boston, Massachusetts. With over 140 years of industry experience, Cabot is a leader in products such as reinforcing carbons, specialty carbons, battery materials, engineered elastomer composites, inkjet colorants, masterbatches, conductive compounds, fumed metal oxides, and aerogel. Through their research and development arm, @cabotlabs, the company continues to innovate and deliver solutions for various industries worldwide, including transportation, infrastructure, environment, and consumer goods. Cabot's commitment to innovation and technology allows them to partner with customers to create value and address both current and future challenges in the market.

Summarized from source with an LLMView SourceSector: Industrials

Fourth Quarter Earnings

Cabot Corp reported diluted earnings per share (EPS) of $2.43 and adjusted EPS of $1.80 for the fourth quarter of fiscal year 2024. This represents a 9% increase in adjusted EPS compared to the same quarter in the previous year, benefiting from a lower operating tax rate.

Fiscal Year Performance

For the fiscal year 2024, Cabot Corp achieved a diluted EPS of $6.72 and an adjusted EPS of $7.06, marking a 31% increase in adjusted EPS year-over-year. This growth was driven by an 11% increase in EBIT for Reinforcement Materials and a 31% increase in Performance Chemicals.

Cash Flow and Investments

Cabot Corp generated $692 million in cash flows from operations during fiscal year 2024. This enabled the company to make capital investments of $241 million, pay $93 million in dividends, and repurchase $172 million in shares.

Revenue and Net Income

In the fourth quarter of fiscal 2024, Cabot Corp reported net sales and other operating revenues of $1,001 million, compared to $965 million in the same quarter of the previous year. Net income attributable to Cabot Corp was $137 million, reflecting a decrease from $234 million in the fourth quarter of fiscal 2023.

Outlook for Fiscal 2025

Looking ahead to fiscal 2025, Cabot Corp expects adjusted EPS to be in the range of $7.40 to $7.80, indicating growth of 5% to 10% from fiscal 2024 results. The company anticipates strong operating cash flow and discretionary free cash flow to support continued investment in growth projects and capital returns to shareholders.

Summarized from source with an LLMView Source

Key figures

7.49%1Y

69.9%3Y

95.8%5Y

Performance

31.7%1Y

34.7%3Y

40.7%5Y

Volatility