Cabot Q3 adjusted EPS $1.42 vs $1.73 YoY; revenue down 16%; cuts FY EBITDA forecast

CABOT CORP

2023-Q3 EPS reported $3.65 revenue$2,966,000,000

Diluted EPS $1.43, Adjusted EPS $1.42; Net sales $968M, down $181M YoY.
Reinforcement Materials EBIT record $132M, up 17% YoY on pricing/mix; global volumes down 8%.
Performance Chemicals EBIT down $31M on weak demand; battery materials volume grew 50%.
Operating cash flow $243M; returned $38M via dividends and buybacks; net debt/EBITDA 1.7x.
Q4 adjusted EPS guidance $1.40-$1.55; full year $5.13-$5.28, below prior EBITDA forecast.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CABOT CORP reported third quarter of fiscal year 2023 results: revenue $968, net income $82, EPS $1.43. Guidance lowered.

Period: third quarter of fiscal year 2023
Revenue: $968
Net income: $82
EPS: $1.43
Guidance: lowered
Result: reported results

Exact text from the filing

of $0.17 on adjusted EPS (In millions, except per share amounts) Three Months Ended Nine Months Ended 6/30/23 6/30/22 6/30/23 6/30/22 Net sales and other operating revenues $ 968 $ 1,149 $ 2,966 $ 3,209 Net income (loss) attributable to Cabot Corporation $ 82 $ 97 $ 211 $ 115 Net earnings (loss) per share attributable to Cabot Corporation $ 1.43 $ 1.69 $

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CABOT CORP reported fourth fiscal quarter results: EPS $1.40 to $1.55. Guidance lowered.

Period: fourth fiscal quarter
EPS: $1.40 to $1.55
Guidance: lowered
Result: guidance update

Exact text from the filing

we expect adjusted earnings per share for the fourth fiscal quarter to be in the range of $1.40 to $1.55

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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 0001157523-23-001268

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