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Cabot (CBT) Stock News

CBT NYSE

Cabot Corporation reports developments as a global specialty chemicals and performance materials company serving tire, industrial, battery, coatings, inkjet and advanced-materials markets. Its recurring updates focus on the Reinforcement Materials segment, which supplies reinforcing carbon products for tires and industrial rubber applications, and the Performance Chemicals segment, which includes specialty carbons, specialty compounds, fumed metal oxides, battery materials, inkjet colorants and aerogel.

Company news also covers quarterly operating results, segment EBIT trends, common stock dividends, supply agreements for lithium-ion battery applications, and manufacturing footprint actions. Cabot’s completed acquisition of Mexico Carbon Manufacturing expanded its reinforcing carbon capacity, while EVOLVE Sustainable Solutions updates describe circular reinforcing carbon production capabilities in major regions.

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Cabot Corporation (NYSE: CBT) will release fourth-quarter fiscal 2026 operating results on November 2, 2026, after the market close.

A conference call and live webcast to review the results will begin at 8:00 AM ET on November 3, 2026. The webcast will be accessible through Cabot’s website, where the call and accompanying slides will also be archived in the Investor Relations section.

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Cabot (CBT) received a modified $50 million grant from the U.S. Department of Energy’s Office of Critical Minerals and Energy Innovation to support expansion of its North American battery materials platform.

Combined with approximately $75 million of Cabot investment, the funding will expand domestic production of advanced conductive additives at facilities in Franklin, Louisiana and Pampa, Texas. The program redirects previously planned Michigan funding into a two-site brownfield expansion, leveraging existing assets to accelerate a local and secure supply of critical conductive additives for the growing U.S. battery supply chain.

The Franklin site will scale LITX® battery-grade conductive carbons, while Pampa will host the first commercial-scale production of carbon nanostructures under the ENERMAX™ family. Both projects are expected to be operational by the end of 2028.

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Cabot Corporation (CBT) appointed Steve Delahunt as interim Chief Financial Officer effective October 1, 2026, while it continues its search for a permanent CFO.

Delahunt currently serves as Vice President and Corporate Treasurer and has more than 30 years of finance and treasury experience. His appointment coincides with Erica McLaughlin becoming President and Chief Executive Officer on October 1, 2026, succeeding Sean Keohane and stepping down from her role as Chief Financial Officer and Head of Corporate Strategy. Delahunt’s responsibilities as Corporate Treasurer include global treasury activities, capital markets strategy, liquidity management, banking relationships, risk management and pension investment oversight, and he previously led Cabot’s investor relations function for nine years.

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Cabot (NYSE: CBT) has priced a public offering of $350 million in 4.950% senior unsecured notes due 2029, to be sold at 99.993% of face value. Interest will be paid semiannually on February 15 and August 15, starting February 15, 2027.

The offering is expected to close on August 21, 2026, subject to customary conditions. According to Cabot, net proceeds are intended primarily to repay its senior unsecured notes due September 2026, with any remaining funds used for working capital and other general corporate purposes.

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Cabot (NYSE: CBT) reported third quarter fiscal 2026 net sales of $982 million, up from $923 million a year earlier. Net income attributable to Cabot was $6 million, or diluted EPS of $0.12, including $1.55 per share of after-tax certain items, mainly restructuring and employee benefit plan termination charges. Adjusted EPS was $1.67, compared with $1.90 in the prior-year quarter.

Reinforcement Materials segment EBIT was $97 million, down $31 million year-over-year despite 5% volume growth, while Performance Chemicals EBIT rose to $68 million, up $11 million on higher volumes and pricing. Cabot ended the quarter with $250 million in cash, $1.3 billion in available liquidity and a net debt-to-EBITDA ratio of 1.4x. The company reaffirmed its fiscal 2026 battery materials EBITDA expectation of about $40 million and tightened full-year Adjusted EPS guidance to $6.15–$6.45 per share. Cabot also announced that Erica McLaughlin will succeed Sean Keohane as President and CEO effective October 1, 2026 and received a Platinum sustainability rating from EcoVadis for the sixth consecutive year.

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Cabot (NYSE: CBT) announced that President and CEO Sean Keohane will retire and leave the Board effective September 30, 2026. Executive Vice President, CFO and Head of Corporate Strategy Erica McLaughlin has been elected to become President, CEO and director effective October 1, 2026. Keohane will serve in an advisory role through year-end 2026, and Cabot has begun a search for a new CFO.

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Cabot Corporation (NYSE: CBT) announced that its Board of Directors declared a quarterly cash dividend of $0.4725 per share on all outstanding common shares on July 10, 2026. The dividend will be paid on September 11, 2026 to shareholders of record as of August 28, 2026.

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Cabot (NYSE:CBT) will release third quarter fiscal 2026 operating results on Monday, August 3, 2026, after market close.

A conference call and live webcast to review the results will be held at 8:00 AM ET on Tuesday, August 4, 2026, accessible via Cabot’s investor relations website.

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Cabot (NYSE: CBT) released its 2026 Sustainability Report covering 2025 performance and progress on 2030 priorities. The company reports achieving 14 of 15 2025 Sustainability Goals, with 11 completed ahead of schedule.

Cabot outlines 2030 Sustainability Goals across six priority topics, work on an externally certified product carbon footprint tool, and an initiative at its Franklin, Louisiana facility that cut nonhazardous landfill waste there by 87% and helped reduce nonhazardous waste sent to landfill globally by 70% from 2024 to 2025. The report follows GRI Standards and supports Cabot’s participation in the UN Global Compact.

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Cabot (NYSE: CBT) received an EcoVadis platinum rating for the sixth consecutive year, placing it in the top 1% of companies globally assessed by EcoVadis.

Cabot’s overall score rose by five points, its largest year-over-year improvement, with “outstanding” ratings in environment and labor & human rights categories.

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FAQ

What is the current stock price of Cabot (CBT)?

Cabot (CBT) last closed at $73.79.

What is the market cap of Cabot (CBT)?

The market cap of Cabot (CBT) is approximately $3.8B.