Cabot Q2 FY2024 Adj EPS $1.78 beats prior year by 34%; raises FY guidance and dividend

CABOT CORP

2024-Q2 EPS reported $2.37 revenue$1,977,000,000

Diluted EPS $1.49, Adjusted EPS $1.78 (up 34% YoY); Reinforcement Materials EBIT $149M (+22%).
Performance Chemicals EBIT $31M (+11% YoY) on 6% higher volumes; cash from ops $176M.
Increased quarterly dividend 8% from $0.40 to $0.43 per share.
Raised FY2024 Adjusted EPS guidance to $6.65-$6.85 from prior $6.30-$6.80.
Returned $47M to shareholders via dividends ($23M) and buybacks ($24M) in Q2.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CABOT CORP reported second quarter of fiscal 2024 results: net income $84 million, EPS $1.49 per common share. Guidance raised.

Period: second quarter of fiscal 2024
Net income: $84 million
EPS: $1.49 per common share
Guidance: raised
Result: reported results

Exact text from the filing

For the second quarter of fiscal 2024, net income attributable to Cabot Corporation was $84 million ($1.49 per common share).

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CABOT CORP reported fiscal year 2024 results: EPS $6.65 to $6.85. Guidance raised.

Period: fiscal year 2024
EPS: $6.65 to $6.85
Guidance: raised
Result: guidance update

Exact text from the filing

we are raising our Adjusted EPS guidance range for the fiscal year to $6.65 to $6.85 from our previously communicated range of $6.30 to $6.80.

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710 earnings releases filed in the last 30 days. Browse all earnings releases →

CABOT CORP filing history →

Source: SEC EDGAR

accession 0000950170-24-053634

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