Cabot Q1 adjusted EPS $1.56, up 59% YoY; Reinforcement Materials EBIT up 37%

CABOT CORP

2024-Q1 EPS reported $0.88 revenue$958,000,000

Adjusted EPS $1.56 vs $0.98 prior year; GAAP EPS $0.88 includes $0.68 in certain items.
Reinforcement Materials EBIT $129M (+37% YoY) on higher pricing, mix, and 2% global volume growth.
Performance Chemicals EBIT $34M (+17% YoY) driven by 10% higher volumes across product lines.
FY2024 adjusted EPS guidance reaffirmed at $6.30-$6.80; midpoint implies 22% YoY growth.
Operating cash flow $105M; returned $55M to shareholders ($22M dividends, $33M buybacks).

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 first quarter of fiscal year 2024 results: revenue $958, net income $50, EPS $0.88. Guidance reaffirmed.

Period: first quarter of fiscal year 2024
Revenue: $958
Net income: $50
EPS: $0.88
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Responsible Companies 2024 for the fifth consecutive year (In millions, except per share amounts) Three Months Ended 12/31/23 12/31/22 Net sales and other operating revenues $ 958 $ 965 Net income (loss) attributable to Cabot Corporation $ 50 $ 54 Net earnings (loss) per share attributable to Cabot Corporation $ 0.88 $ 0.93 Less: Certain items after tax per

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CABOT CORP filing history →

Source: SEC EDGAR

accession 0001157523-24-000169

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