earnings
confidence high
sentiment positive
materiality 0.80
Cabot Q2 FY2022: record adj. EPS $1.69; raises FY22 adj. EPS guidance to $5.80-$6.20
CABOT CORP
2022-Q2 EPS reported
$0.30
revenue$2,060,000,000
- GAAP EPS $1.84; adjusted EPS $1.69 record, up 22% YoY from $1.38.
- Revenue $1,092M, +30% YoY; Reinforcement Materials EBIT >$100M record, +$12M YoY.
- Performance Chemicals EBIT +$12M YoY on higher margins; battery materials volumes robust.
- Divestiture of Purification Solutions completed; returned $36M to shareholders via dividends and buybacks.
- Raised FY2022 adjusted EPS outlook by $0.30 to $5.80-$6.20; operating tax rate expected 26%-27%.