earnings
confidence high
sentiment positive
materiality 0.75
Cabot Q3 adj. EPS $1.73 beats; revenue $1.15B up 25%; guides FY adj. EPS $6.10-$6.20
CABOT CORP
2022-Q3 EPS reported
$1.99
revenue$3,209,000,000
- Diluted EPS $1.69, adjusted EPS $1.73, vs $1.48 and $1.35 in prior year.
- Revenue $1.149B, up 25% YoY from $917M.
- Reinforcement Materials EBIT up $28M YoY; Performance Chemicals EBIT up $9M; Battery Materials volumes up 60%.
- FY2022 adjusted EPS guidance raised to $6.10-$6.20 (midpoint $6.15, up $0.15 from prior range).
- Operating cash flow $34M; dividends $21M, share repurchases $13M; net debt-to-EBITDA 1.8x.