earnings
confidence high
sentiment positive
materiality 0.80
Cabot Q4 adjusted EPS $1.65 (+6% YoY); FY2024 guidance $6.30-$6.80
CABOT CORP
2023-FY EPS reported
$7.73
revenue$3,931,000,000
- Q4 net sales $965M vs $1,112M YoY; adjusted EPS $1.65 vs $1.55.
- Reinforcement Materials EBIT +$25M YoY on improved unit margins; volumes -2%.
- Performance Chemicals EBIT -$13M on lower margins and pricing pressure.
- FY2024 adjusted EPS guidance $6.30-$6.80; expects Reinforcement Materials growth.
- Returned $73M to holders in Q4 via $23M dividends and $50M buybacks.