earnings
confidence high
sentiment positive
materiality 0.85
Cabot Corp Q3 FY2021: GAAP EPS $1.48, adjusted EPS $1.35, revenue up 77% YoY
CABOT CORP
2021-Q3 EPS reported
$3.84
revenue$2,505,000,000
- Net sales of $917M vs $518M in prior-year quarter; net income of $86M vs net loss of $6M.
- Reinforcement Materials EBIT up $90M; volumes surged 71% globally, led by Americas +146%.
- Performance Chemicals EBIT up $33M on higher automotive and growth initiative volumes.
- Raised FY2021 adjusted EPS guidance to $4.85-$5.05; liquidity ~$1.3B, debt/EBITDA 1.9x.
- Cash from operations $71M in Q3; $173M cash balance; $46M capex, $20M dividends paid.