Cabot Q2 adjusted EPS $1.33 down from $1.69; Reinforcement Materials EBIT record $122M; dividend raised 8%

CABOT CORP

2023-Q2 EPS reported $2.23 revenue$1,998,000,000

Q2 adjusted EPS $1.33 vs. $1.69 prior year; net income $75M down from $107M.
Reinforcement Materials EBIT record $122M, up 21% YoY on better pricing/mix.
Performance Chemicals EBIT decreased $42M; battery materials volumes grew 45%.
Quarterly dividend increased 8% to $0.40 per share; $37M returned to shareholders in Q2.
FY2023 adjusted EPS guidance $6.10-$6.50; expect sequential improvement through year.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CABOT CORP reported second quarter ended March 31, 2023 results: revenue $1,033, net income $75, EPS $1.29. Guidance lowered.

Period: second quarter ended March 31, 2023
Revenue: $1,033
Net income: $75
EPS: $1.29
Guidance: lowered
Result: reported results

Exact text from the filing

focused on advancing sustainable reinforcing carbons (In millions, except per share amounts) Three Months Ended Six Months Ended 3/31/23 3/31/22 3/31/23 3/31/22 Net sales $ 1,033 $ 1,092 $ 1,998 $ 2,060 Net income (loss) attributable to Cabot Corporation $ 75 $ 107 $ 129 $ 18 Net earnings (loss) per share attributable to Cabot Corporation $ 1.29 $ 1.84 $

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

CABOT CORP filing history →

Source: SEC EDGAR

accession 0001157523-23-000768

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