secwatch.observer — SEC 8-K summary
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Issuer:     CABOT CORP (CBT)
CIK:        0000016040
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001157523-23-001268
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16040/000115752323001268/0001157523-23-001268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16040/000115752323001268/a53508948.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001268

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