Encore Capital Group, Inc. (ECPG) shares have lost 1.9% since it reported third-quarter 2024 results on Nov. 6, 2024. The quarterly earnings suffered from reduced portfolio purchases in the U.K. by Cabot and rising operating expenses. Improved purchasing in the United States and an optimistic outlook for this business in the future partially offset the negatives. ECPG reported third-quarter 2024 adjusted earnings per share (EPS) of $1.26, which missed the Zacks Consensus Estimate by 14.3%. However, the bott ...

Core Viewpoint - Cabot Corporation reported a decline in net income and earnings per share for the fourth quarter of fiscal 2024, while adjusted EPS showed a slight increase but missed consensus estimates [1][5]. Financial Performance - The company recorded a profit of $137 million or $2.43 per share for Q4 fiscal 2024, down from $234 million or $4.10 in the same quarter last year [1]. - Adjusted EPS for the quarter was $1.80, an increase from $1.65 year-over-year, but below the Zacks Consensus Estimate of $1.82 [1]. - Net sales increased by approximately 3.7% year-over-year to $1,001 million, missing the Zacks Consensus Estimate of $1,016.6 million [2]. Segment Highlights - Sales in the Reinforcement Materials segment rose by around 3.2% year-over-year to $644 million, missing the consensus estimate of $648.2 million. EBIT in this segment declined by $11 million due to reduced volumes and higher costs [3]. - Performance Chemicals unit sales increased by approximately 5.2% year-over-year to $322 million, also missing the consensus estimate of $339.9 million. EBIT grew by $8 million due to a 2% rise in volumes and a favorable product mix [4]. Fiscal Year Results - For fiscal 2024, Cabot's net income was $380 million or $6.72 per share, compared to $445 million or $7.73 the previous year. Adjusted EPS for the fiscal year was $7.06 [5]. - Net sales for the fiscal year rose by around 1.6% year-over-year to $3,994 million [5]. Financial Position - At the end of Q4 fiscal 2024, the company had a cash balance of $223 million, with cash flows from operating activities amounting to $204 million. Capital expenditures totaled $92 million, and cash was used for dividend payments of $24 million and share repurchases of $66 million [6]. Outlook - Cabot estimates fiscal 2025 adjusted EPS to be between $7.40 and $7.80, indicating a 5% to 10% rise from fiscal 2024 results, driven by growth in the Reinforcement Materials segment and recovery in Performance Chemicals [7]. - The company anticipates strong operational cash flow and discretionary free cash flow, enabling ongoing investment in growth projects and capital return to shareholders [7]. Stock Performance - Cabot's shares have gained 64% over the past year, contrasting with a 9.5% decline in the industry [8].

Cabot Corporation (NYSE:CBT) Q4 2024 Earnings Conference Call November 5, 2024 8:00 AM ET Company Participants Steve Delahunt - Vice President, Treasurer & Investor Relations Sean Keohane - Chief Executive Officer & President Erica McLaughlin - Executive Vice President & Chief Financial Officer Conference Call Participants John Roberts - Mizuho Chris Perrella - UBS Jeff Zekauskas - JPMorgan Dan Rizzo - Jefferies Operator Good day, everyone, and thank you for standing by. Welcome to the Fourth Quarter 2024 C ...

CABOT EARNINGS TELECONFERENCE Fourth Quarter - Fiscal 2024 Forward Looking Statements This presentation contains forward-looking statements. All statements that address expectations or projections about the future, including with respect to our expectations for our performance in fiscal 2025, including our expectations for performance and growth in our businesses and for adjusted earnings per share in fiscal year 2025, our expectations for operating cash flow for fiscal 2025 and our capital allocation prior ...

Cabot (CBT) came out with quarterly earnings of $1.80 per share, missing the Zacks Consensus Estimate of $1.82 per share. This compares to earnings of $1.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.10%. A quarter ago, it was expected that this chemical company would post earnings of $1.74 per share when it actually produced earnings of $1.92, delivering a surprise of 10.34%.Over the last four quarters, the company ha ...

Exhibit 99.1 Investor Contact: Steve Delahunt (617) 342-6255 CABOT CORP REPORTS FOURTH QUARTER AND FISCAL YEAR 2024 RESULTS Fourth Quarter 2024 Diluted earnings per share ("EPS") of $2.43 and Adjusted EPS of $1.80 Fiscal Year 2024 Diluted EPS of $6.72 and Adjusted EPS of $7.06 BOSTON (November 4, 2024)-- Cabot Corporation (NYSE: CBT) today announced results for its fourth quarter and fiscal year 2024. Fiscal Year Highlights Fiscal year Diluted EPS of $6.72 and Adjusted EPS of $7.06, which represents a 31% i ...

Investors interested in stocks from the Chemical - Diversified sector have probably already heard of Cabot (CBT) and Air Products and Chemicals (APD) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings ...

Industry Overview - The Zacks Chemicals Diversified industry is facing sluggish demand in key markets such as consumer durables and building & construction, compounded by consumer inventory destocking effects [1][4] - The industry includes manufacturers of basic chemicals, plastics, specialty chemicals, and agricultural chemicals, serving various end markets like automotive, construction, and agriculture [3] Demand Challenges - Demand weakness is particularly noted in the building & construction and consumer electronics markets, with uncertainties in the U.S. housing market affecting the construction sector [4] - A slower recovery in China, characterized by a weak property market and reduced infrastructure investments, is negatively impacting chemical demand [5] - Economic slowdowns in Europe due to high inflation and interest rates are also contributing to reduced demand for chemicals [5] Strategic Responses - Companies like DuPont, FMC, and Cabot are implementing strategic measures such as cost reductions and aggressive price hikes to navigate the challenging environment [2][6] - Actions include cutting discretionary spending and raising selling prices to counteract cost inflation, which may help sustain margins [6] Industry Performance - The Zacks Chemicals Diversified industry has underperformed compared to the S&P 500 and the broader Zacks Basic Materials sector, with a gain of only 4.5% over the past year compared to the S&P 500's 32.4% [9] - The industry currently trades at an EV/EBITDA ratio of 11.43X, below the S&P 500's 19.20X and the sector's 11.99X [10] Company Highlights - FMC is focusing on expanding its product portfolio and has seen upward revisions in earnings estimates, with a Zacks Rank of 1 (Strong Buy) [11][12] - DuPont is expected to benefit from productivity and pricing actions, with a projected earnings growth rate of around 7.5% for 2024, holding a Zacks Rank of 2 (Buy) [13][14] - Cabot is experiencing strong growth in its Performance Chemicals division, with expected earnings growth of 31.4% for fiscal 2024 and a Zacks Rank of 2 [15]

Cabot Corporation's (CBT) shares have popped around 23% over the past three months. The rally has been fueled by CBT's strong earnings performance, upward revisions to earnings guidance and robust performance across its business segments. We are positive about the company's prospects and believe that the time is right for you to add the stock to your portfolio as it looks promising and is poised to carry the momentum ahead. Let's take a look into the factors that make CBT stock a compelling choice for inves ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...