Cabot Corporation (CBT) recorded third-quarter fiscal 2024 (ended Jun 30, 2024) earnings of $1.94 per share, up from the year-ago quarter's $1.43. CBT posted adjusted earnings of $1.92 per share, up from the year-ago quarter's figure of $1.42. Adjusted earnings beat the Zacks Consensus Estimate of $1.74. The company's net sales in the quarter were $1,016 million, which beat the Zacks Consensus Estimate of $1,010.1 million. Net sales increased around 4.9% from the prior-year quarter. Segment Highlights Reinf ...

Exhibit 99.1 Investor Contact: Steve Delahunt (617) 342-6255 CABOT CORP REPORTS THIRD QUARTER FISCAL 2024 RESULTS Diluted earnings per share ("EPS") of $1.94 and Adjusted EPS of $1.92 BOSTON (August 5, 2024)-- Cabot Corporation (NYSE: CBT) today announced results for its third quarter of fiscal year 2024. Key Highlights Diluted EPS of $1.94 and Adjusted EPS of $1.92, which represents a 35% increase in Adjusted EPS as compared to the same quarter in the prior year Reinforcement Materials segment EBIT of $136 ...

Chicago, IL – July 19, 2024 – Today, Zacks Equity Research discusses Eastman Chemical Co. (EMN) , Cabot Corp. (CBT) and Kronos Worldwide, Inc. (KRO) . Link: https://www.zacks.com/commentary/2304134/3-diversified-chemical-stocks-to-escape-industryheadwinds Industry players like Eastman Chemical Co., Cabot Corp. and Kronos Worldwide, Inc. are banking on strategic measures, including operating cost reductions and aggressive price hikes, to tide over the challenging environment. The Zacks Chemicals Diversified ...

What's Shaping the Future of the Chemicals Diversified Industry? Slowdown in Europe and China a Concern: A slower recovery in economic activities in China, following the lifting of the restrictions related to the resurgence in COVID-19 infections, is hurting chemical demand in that country. Global industrial activities have been affected by a weaker demand recovery in China. The slowdown in Europe, resulting from the war in Ukraine and weaker consumer spending due to high levels of inflation and high intere ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Valu ...

Investors with an interest in Chemical - Diversified stocks have likely encountered both Cabot (CBT) and Air Liquide (AIQUY) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. Right now, Cabot is sporting a Zacks Rank of #2 (Buy), while Air Liquide has a Zacks Rank of #4 (Sell). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that CBT is likely seein ...

Another Basic Materials stock, which has outperformed the sector so far this year, is AngloGold Ashanti (AU) . The stock has returned 24.7% year-to-date. Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Cabot (CBT) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. ...

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy. Stock to Watch: Cabot (CBT) It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 14.76; value investors should take notice. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of diffe ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Sty ...

OCS Europe certification for these sites demonstrates the company's unwavering commitment to employing responsible management practices that reduce plastic waste in the environment. Also, Cabot has pledged its support for OCS, an industry-led program that helps companies achieve zero plastic resin loss in operations. Cabot has also announced detailed plans to implement OCS practices, which include facility and equipment assessments to reduce plastic pellet loss hazards at loading, transport, drainage and wa ...