earnings
confidence high
sentiment positive
materiality 0.75
Cabot reports record FY2021 adjusted EPS $5.02; Q4 adj EPS $1.11, revenue $904M
CABOT CORP
2021-FY EPS reported
$4.34
revenue$3,409,000,000
- Q4 GAAP EPS $0.50; adjusted EPS $1.11, up 63% YoY from $0.68.
- FY2021 revenue $3.41B vs $2.61B; GAAP EPS $4.34, adjusted EPS $5.02 (record).
- Reinforcement Materials EBIT $329M, up $167M; Performance Chemicals EBIT $211M, up $93M.
- FY2022 adjusted EPS guidance $5.20-$5.60; discretionary free cash flow record $353M.
- Net debt/EBITDA improved to 1.6x from 2.5x; $80M dividends paid in FY2021.