Cabot Corp Reports Third Quarter Fiscal 2018 Results
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Cabot Corp. (CBT) Reports In-Line Q3 EPS, Slight Miss on Revenues
August 6, 2018 4:58 PM EDTCabot Corp. (NYSE: CBT) reported Q3 EPS of $1.06, in-line with the analyst estimate of $1.06. Revenue for the quarter came in at $854 million versus the consensus estimate of $855.25 million.
Diluted EPS of $1.40, compared to $0.73 in the same period of the prior year; Adjusted EPS of $1.06, up 28% year-over-yearReinforcement Materials EBIT improved 45% versus prior year driven by strong commercial execution that delivered volume growth and higher unit marginsPerformance Chemicals EBIT up 22% year-over-year from robust sales volumes and pricing gains in Specialty Carbons and FormulationsContinued commitment to returning cash to shareholders with $64... More