Cabot Corp. (CBT) Misses Q1 EPS by 6c, Revenues Beat; Offers FY19 EPS Guidance Below Consensus
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Cabot Corp Reports First Quarter Fiscal 2019 Results
February 4, 2019 4:23 PM ESTDiluted EPS of $1.14 and Adjusted EPS of $0.87
BOSTON--(BUSINESS WIRE)-- Cabot Corporation (NYSE: CBT) today announced results for its first quarter of fiscal year 2019.
Key Highlights
Solid Reinforcement Materials segment results in line with prior year Challenging short-term dynamics impacted volumes and margins in the Performance Chemicals segment Recently announced agreement to divest Specialty Fluids segment in transaction valued at $135M Returned $82M to shareholders through share repurchases and dividends Successful completion of calendar year 2019 tire customer agreements with volume and price gains in all regions... More