Cabot Stock Price, News & Analysis

Cabot Corporation (NYSE: CBT) announced leadership changes in its Reinforcement Materials Segment. Hobart C. Kalkstein, Executive Vice President and President of the segment, will retire on January 5, 2026, after nearly 20 years with the company. Matthew Wood, currently VP of global marketing and strategy for Battery Materials, will succeed Kalkstein effective June 15, 2025, as Senior VP and President of the Reinforcement Materials Segment. During his tenure, Kalkstein played a crucial role in delivering strong financial performance, driving operational excellence, and strengthening Cabot's position in the tire industry. Wood, who joined Cabot in 2010 from BP, brings extensive experience in commercial, marketing, strategy, and operational roles across multiple regions and business segments.

Cabot Corporation (NYSE: CBT) reported Q2 fiscal 2025 results with diluted EPS of $1.69 and Adjusted EPS of $1.90, representing a 7% increase year-over-year. The company's Reinforcement Materials segment EBIT was $131M (down 12% YoY) due to weaker global demand, while Performance Chemicals segment EBIT reached $50M (up 61% YoY) driven by higher volumes in construction and semiconductor applications. Net sales were $936M, and net income was $94M. The company returned $70M to shareholders through dividends and share repurchases and increased its quarterly dividend by 5% to $0.45 per share. Due to uncertain tariff impacts, Cabot revised its fiscal 2025 Adjusted EPS guidance to $7.15-$7.50, reflecting expectations for lower customer demand and cautious inventory management.

Cabot Corporation (NYSE: CBT) announced a 5% increase in its quarterly dividend to $0.45 per share, up from $0.43. The dividend will be paid on June 13, 2025, to stockholders of record as of May 30, 2025. On an annualized basis, the new dividend rate represents $1.80 per share, compared to the previous $1.72. CEO Sean Keohane stated this increase reflects the Board's confidence in the company's consistent earnings and strong cash flow generation. The dividend hike aligns with Cabot's capital allocation strategy of returning value to shareholders while maintaining investment in growth initiatives.

ITT Inc. (NYSE: ITT) has nominated Douglas DelGrosso to its Board of Directors, with the election scheduled for May 21, 2025, subject to shareholder approval at the annual meeting. DelGrosso, who recently retired as president and CEO of Adient plc in December 2023, brings extensive global operations experience from his leadership roles in automotive and manufacturing sectors.

DelGrosso's career includes serving as president and COO of Chassix Inc. (2016-2018) and as president and CEO of Henniges Automotive (2012-2015). He currently serves on the Board of Directors of Cabot and two private companies: Pangea and Accuride Upon election, DelGrosso will be appointed to ITT's Nominating and Governance Committee.

Cabot (NYSE: CBT) has scheduled the release of its second quarter fiscal 2025 operating results on Monday, May 5, 2025, after market close. The company will hold a conference call and live webcast to discuss the quarterly results on Tuesday, May 6, 2025, starting at 8:00 am (ET). Investors can access the webcast through Cabot's website, and those unable to attend can later access the archived call and presentation materials on the company's website.

Cabot (NYSE: CBT) reported strong first quarter fiscal 2025 results with diluted EPS of $1.67 and Adjusted EPS of $1.76, representing a 13% increase year-over-year. The company's Reinforcement Materials segment achieved EBIT of $130 million, up 1%, while Performance Chemicals segment EBIT grew 32% to $45 million.

Net sales were $955 million, with net income of $93 million. The company generated operating cash flow of $124 million, returning $66 million to shareholders through dividends and share repurchases. Global Reinforcement Materials volumes increased 1%, with growth in Asia Pacific and EMEA, offset by a 1% decline in Americas. Performance Chemicals saw an 8% volume increase.

The company maintained its fiscal 2025 Adjusted EPS outlook of $7.40 to $7.80, supported by strong operational performance and successful customer agreement negotiations.

Cabot (NYSE: CBT) announced that its Board of Directors has declared a quarterly dividend of $0.43 per share on all outstanding shares of common stock. The dividend will be paid on March 14, 2025, to stockholders of record as of the close of business on February 28, 2025.

Cabot (NYSE: CBT) has announced it will release its first quarter fiscal 2025 operating results on Monday, February 3, 2025, after market close. The company will host a conference call and live webcast to discuss the results on Tuesday, February 4, 2025, starting at 8:00 am (ET). The webcast will be hosted by Notified and will be accessible through Cabot's website. For those unable to attend the live session, both the call and accompanying slide presentation will be archived on the company's website.

Cabot 's (NYSE: CBT) Board of Directors has been named 2025 'Public Company Board of the Year' by the National Association of Corporate Directors (NACD) New England Chapter. The award recognizes exceptional corporate leadership and governance of boards in New England. Chairman Michael Morrow and CEO Sean Keohane will accept the award at NACD's 17th annual celebration on April 28, 2025.

The board was recognized for its diverse expertise in sustainability, international operations, and chemistry technology, which supports the company's 'Creating for Tomorrow' strategy. The recognition highlights Cabot's strong governance practices, financial growth, and commitment to safety, health, environmental protection, and sustainability while delivering value to shareholders.