Cabot Corp. (CBT) Misses Q1 EPS by 1c
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Cabot Corporation Reports First Quarter Fiscal 2016 Results
February 1, 2016 4:15 PM ESTAdjusted EPS of $0.51 and Diluted EPS Loss of $0.11
BOSTON--(BUSINESS WIRE)-- Cabot Corporation (NYSE: CBT) today announced results for its first quarter of fiscal year 2016.
Key Highlights
Global macroeconomic headwinds impacted volumes and margins Third consecutive quarter of record EBIT for the Performance Chemicals segment Implemented restructuring plans to reduce costs by $55 million in fiscal 2016 as compared to fiscal 2015 Strong cash flow generation used to return cash to shareholders through $14 million of dividends and $11 million of share repurchases       (In millions, except per share amounts)     First Quarter  2016    ... More