secwatch.observer — SEC 8-K summary
======================================

Issuer:     CABOT CORP (CBT)
CIK:        0000016040
Form:       8-K
Filed at:   2022-01-31T23:59:59+00:00
Accession:  0001157523-22-000124
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cabot Q1 adjusted EPS $1.29 (+9% YoY); raises FY2022 guidance to $5.50-$5.90
----------------------------------------------------------------------------

- Adjusted EPS of $1.29 (vs $1.18 YoY); GAAP net loss of $89M ($1.57 loss per share) on $968M revenue.
- Reinforcement Materials EBIT $85M; Performance Chemicals EBIT $52M; Battery Materials volumes up 58% YoY.
- Entered agreement to acquire Tokai Carbon plant in China; expects Purification Solutions divestiture close in Q2.
- Returned $40M to shareholders via dividends ($21M) and buybacks ($19M); net debt/EBITDA 1.8x.
- Raises FY2022 adjusted EPS outlook to $5.50-$5.90, up from prior range; sees strong discretionary free cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16040/000115752322000124/0001157523-22-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16040/000115752322000124/a52570972.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000124

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer