Cabot Stock Price, News & Analysis

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.

NACD New England has announced its 'Director of the Year' honorees for 2025, with Cabot (NYSE: CBT) and King Arthur Baking Co. receiving Public and Private Company Boards of the Year awards respectively. The recognition ceremony will take place at a Boston gala event on April 28, 2025.

Cabot, a Boston-based global specialty performance materials and chemicals company, was recognized for its 140-year legacy of innovation, focus on sustainability, and strong financial performance. The company creates materials for applications including tire reinforcement, lithium-ion batteries, and inkjet dispersions.

Additionally, Ann Fudge will receive the R. Robert Popeo Lifetime Achievement Award, while Jack Egan and J. Keith Motley will be honored for corporate and non-profit leadership respectively.

Cabot (NYSE: CBT) has won the CLEPA Innovation Award 2024 in the Green category for its REPLASBLAK® universal circular black masterbatches. The award recognizes their innovative products REPLASBLAK® reUN5285 and reUN5290, which are the industry's first universal circular black masterbatches with ISCC PLUS certification for automotive plastics applications.

These solutions offer up to 45% ISCC PLUS mass balance certified material and achieve nearly 20% greenhouse gas emissions reduction compared to standard black masterbatch. Made from mechanically recycled polymer, they provide high gloss and high jetness pigmentation, maintaining superior color performance and mechanical properties suitable for various automotive applications including interiors, exterior parts, and under-the-hood components.

Cabot (NYSE: CBT) hosted its 2024 Investor Day, presenting its 'Creating for Tomorrow' strategy and new financial targets. The company successfully achieved its previous 3-year targets, delivering the top end of its 8-12% Adjusted EPS CAGR target and exceeding its $1 billion DFCF target with $1.2 billion.

The strategy focuses on three pillars: Grow (strategic investments), Innovate (product development), and Optimize (continuous improvement). New 3-year financial targets include: Adjusted EPS CAGR of 7-10% from fiscal 2024 through 2027 and Adjusted EBITDA of $0.9-$1.0 billion by fiscal 2027.

Cabot (NYSE: CBT) announced its Board of Directors has authorized the repurchase of up to 10 million additional shares of common stock, bringing the total available shares for repurchase to approximately 11 million. The company plans to execute the repurchases through open market or private transactions using existing liquidity and future free cash flow.

President and CEO Sean Keohane emphasized that this authorization aligns with their 'Creating for Tomorrow' strategy, which focuses on balanced capital allocation between growth investments and shareholder returns through dividends and share repurchases. The authorization has no time limit but can be suspended or discontinued at any time.

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 December 13, 2024, to stockholders of record as of the close of business on November 29, 2024.

Cabot (NYSE: CBT) reported strong fourth quarter and fiscal year 2024 results. Q4 Diluted EPS reached $2.43 with Adjusted EPS of $1.80, representing a 9% increase year-over-year. Fiscal year 2024 showed impressive performance with Diluted EPS of $6.72 and Adjusted EPS of $7.06, marking a 31% increase from the previous year. The company generated $692 million in operating cash flow, enabling $241 million in capital investments, $93 million in dividends, and $172 million in share repurchases. Notable achievements include reaching the top end of their 2021 Investor Day target for Adjusted EPS CAGR and securing a $50 million DOE award for a battery-grade carbon nanotubes facility.

Cabot (NYSE: CBT) has announced its upcoming 2024 Investor Day, scheduled for Wednesday, December 4, 2024, at 9:00 a.m. Eastern Time. The event will take place at The Westin Boston Seaport District in Boston, Massachusetts, with a virtual attendance option available.

President and CEO Sean D. Keohane, along with the executive management team, will present insights on the company's strategy, growth initiatives, sustainability leadership, and long-term financial targets. Attendees can register for in-person or virtual participation through a provided link.

The event will feature a live webcast with video, audio, and presentation slides, accessible on cabotcorp.com/investors. Virtual attendees will have the opportunity to participate in Q&A sessions. A replay of the webcast will be available after the event on the company's website.