---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001268"
form_type: "8-K"
ticker: "CBT"
cik: "0000016040"
company_name: "CABOT CORP"
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T04:19:02.804100+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-001268
- form_type: 8-K
- ticker: CBT
- cik: 0000016040
- company_name: CABOT CORP
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16040/000115752323001268/0001157523-23-001268-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16040/000115752323001268/a53508948.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001268
- JSON: https://secwatch.observer/filing/0001157523-23-001268.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001268.txt

## Key facts
- Earnings Releases
  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
  source text: 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 $
  evidence_url: https://www.sec.gov/Archives/edgar/data/16040/000115752323001268/0001157523-23-001268-index.htm
- Earnings Releases
  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
  source text: we expect adjusted earnings per share for the fourth fiscal quarter to be in the range of $1.40 to $1.55
  evidence_url: https://www.sec.gov/Archives/edgar/data/16040/000115752323001268/0001157523-23-001268-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.