Cabot Stock Price, News & Analysis

Cabot Corporation (NYSE: CBT) has achieved a platinum rating from EcoVadis for the fifth consecutive year, placing it among the top 1% of companies assessed globally for sustainability performance. The company's overall score increased by three points, with notable progress in sustainable procurement. Cabot received "outstanding" ratings in both environment and labor & human rights categories.

Additionally, in CDP's 2024 assessment, Cabot maintained 'B' ratings in both climate change and water security categories, positioning it as a leading performer among carbon black manufacturers. The achievement is particularly noteworthy as both EcoVadis and CDP have increased their rating stringency over time.

EcoVadis evaluates over 150,000 companies across 185+ countries, focusing on four key areas: environment, labor & human rights, ethics, and sustainable procurement. Their methodology aligns with international sustainability standards including the Global Reporting Initiative, UN Global Compact, and ISO 26000.

American Water Works Company (NYSE: AWK) has appointed Raffiq Nathoo as a new independent member to its board of directors, effective June 9, 2025. Nathoo brings over 30 years of experience in international financial and capital markets, with particular expertise in energy, power, and utilities sectors. He currently serves as Managing Partner at Tx3 Sage Rock and holds a board position at Cabot Corporation. His previous roles include Executive-in-Residence at New Mountain Capital (2015-2017) and Senior Managing Director at Blackstone (1991-2014). Nathoo holds an MBA from Harvard University and a BA in Government from Dartmouth College. With this appointment, American Water's board now comprises nine members.

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.