Cabot (CBT)
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3 Reasons Growth Investors Will Love Cabot (CBT)
Zacks Investment Research· 2024-05-09 17:46
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.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 Style Scores system), which looks beyond the tr ...
Cabot (CBT) - 2024 Q2 - Earnings Call Presentation
2024-05-07 15:25
Forward Looking Statements Q2 FISCAL 2024 2 | --- | --- | --- | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------| | 1 1 | Q1 GAAP EPS of $0.88; Adjusted EPS 1 of $1.56 Q2 GAAP EPS of $1.49; Adjusted EPS 1 of $1.78 | | | | | 2 2 | Reinforcement Materials segment EBIT of $129 million; up 37% year over year Reinforcement Materials segment EBIT of $149 million; ...
Cabot (CBT) - 2024 Q2 - Earnings Call Transcript
2024-05-07 15:25
Sean Keohane Our balance sheet is strong, cash generation is expected to remain robust and we will continue to pursue a balanced capital allocation strategy of growth investments and cash return to shareholders. In addition to the 8% dividend increase we announced yesterday, we intend to remain opportunistic with our share repurchases going forward. Question-and-Answer Session Sean Keohane Sorry. Say it again, David. It was a little noise on the phone there. Yeah. So the date, as you know, goes into effect, ...
Cabot's (CBT) Earnings Top Estimates in Q2, Revenues Lag
Zacks Investment Research· 2024-05-07 13:46
Cabot Corporation (CBT) recorded second-quarter fiscal 2024 (ending Mar 31, 2024) earnings of $1.49 per share, up from the year-ago quarter's $1.29.CBT posted adjusted earnings of $1.78 per share, up from the year-ago quarter figure of $1.33. It surpassed the Zacks Consensus Estimate of $1.66.The company’s net sales in the fiscal second quarter were $1,019 million, which missed the Zacks Consensus Estimate of $1,054.1 million. Net sales decreased around 1.4% from the prior-year quarter.Segment HighlightsRei ...
Cabot (CBT) Surpasses Q2 Earnings Estimates
Zacks Investment Research· 2024-05-06 23:21
Cabot (CBT) came out with quarterly earnings of $1.78 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.23%. A quarter ago, it was expected that this chemical company would post earnings of $1.49 per share when it actually produced earnings of $1.56, delivering a surprise of 4.70%.Over the last four quarters, the company has ...
Cabot (CBT) - 2024 Q2 - Quarterly Results
2024-05-06 20:48
Key Highlights Sean Keohane, Cabot President and Chief Executive Officer, commented on the quarter, "I am very pleased with our second quarter results, as the Cabot team continued to execute against our Creating for Tomorrow strategy by delivering significant growth in Adjusted EPS year-over-year. Reinforcement Materials continued to demonstrate excellent performance, delivering EBIT of $149 million driven by price and product mix improvements in our calendar 2024 customer agreements and higher segment volu ...
Cabot (CBT) Chosen for $5M DOE Grant to Aid Hydrogen Economy
Zacks Investment Research· 2024-04-22 11:56
Cabot Corporation (CBT) stated that its application for a $5 million research grant has been selected by the United States Department of Energy ("DOE") under the Bipartisan Infrastructure Law. Cabot and its partners will utilize this money to help the implementation of fuel cells, which generate electricity by emitting only water.Fuel cells play a crucial role in the global transition to electric mobility, particularly in the electrification of long-distance transportation. This significance derives from th ...
Here's Why Cabot (CBT) is a Strong Value Stock
Zacks Investment Research· 2024-04-15 14:46
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...
Cabot Corporation Launches New PROPEL® E8 Engineered Reinforcing Carbon Black for Tire Tread Applications
Businesswire· 2024-03-18 20:00
BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) today announced the global launch of its new PROPEL® E8 engineered reinforcing carbon black designed to provide superior tread durability at low rolling resistance for high-performance tire tread applications. This new product addresses the unique challenges posed by the heavier weight and higher torque of electric vehicles (EVs) compared to traditional internal combustion engine (ICE) vehicles. The PROPEL E8 grade complements Cabot’s existing solutions ...
Cabot (CBT) Up 11.4% Since Last Earnings Report: Can It Continue?
Zacks Investment Research· 2024-03-06 17:36
A month has gone by since the last earnings report for Cabot (CBT) . Shares have added about 11.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Cabot due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Cabot's Earnings and Revenues Beat Estimates in Q1Cabot recorded ...