earnings
confidence high
sentiment positive
materiality 0.85
Cabot reports Q4 diluted EPS $1.64, adjusted EPS $1.55; record FY adjusted EPS $6.28
CABOT CORP
2022-FY EPS reported
$3.62
revenue$4,321,000,000
- Q4 net sales $1,112M; diluted EPS $1.64 (up 228% YoY), adjusted EPS $1.55 (up 40% YoY).
- FY2022 record adjusted EPS $6.28 vs $5.02 prior year; segment EBIT grew 24% in Reinforcement Materials and 11% in Performance Chemicals.
- Battery Materials revenue up 74% to $132M, EBITDA up 81% to $29M; signed multi-year agreement with an American automotive OEM.
- FY2023 adjusted EPS guidance $6.25-$6.75; expects strong cash flow and moderating feedstock costs.
- Q4 cash from operations $105M; liquidity ~$1.1B; dividends $84M and buybacks $53M in FY2022.