Cabot Corp Reports First Quarter Fiscal 2019 Results
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Cabot Corp. (CBT) Misses Q1 EPS by 6c, Revenues Beat; Offers FY19 EPS Guidance Below Consensus
February 4, 2019 4:25 PM ESTCabot Corp. (NYSE: CBT) reported Q1 EPS of $0.87, $0.06 worse than the analyst estimate of $0.93. Revenue for the quarter came in at $821 million versus the consensus estimate of $766.96 million.
Solid Reinforcement Materials segment results in line with prior yearChallenging short-term dynamics impacted volumes and margins in the Performance Chemicals segmentRecently announced agreement to divest Specialty Fluids segment in transaction valued at $135MReturned $82M to shareholders through share repurchases and dividendsSuccessful completion of calendar year 2019 tire customer... More