Cabot Stock Price, News & Analysis

On January 13, 2023, Cabot Corporation (NYSE: CBT) announced a quarterly dividend of $0.37 per share on its common stock. This dividend is scheduled for payment on March 10, 2023, to shareholders of record as of February 24, 2023. Cabot Corporation is a global leader in specialty chemicals and performance materials, known for its range of products including carbon black and engineered elastomer composites. The announcement reflects the company's commitment to return value to its shareholders while maintaining a robust portfolio in the specialty chemicals sector.

Cabot Corporation (NYSE: CBT) will release its first-quarter fiscal 2023 operating results on February 9, 2023, after market close. A conference call will follow on February 10, 2023, at 8:00 am ET for a review of these results. The call will be available via webcast on the company's website. Cabot Corporation is a global leader in specialty chemicals and performance materials, known for its innovative products in rubber and specialty carbons.

Cabot Corporation (NYSE: CBT) announced the promotion of three senior leaders to Executive Vice President: Hobart C. Kalkstein, Erica McLaughlin, and Jeff Zhu. Kalkstein oversees the Reinforcement Materials Segment, McLaughlin serves as CFO and Head of Corporate Strategy, and Zhu directs the Performance Chemicals Segment. CEO Sean Keohane praised their significant contributions and expressed excitement about their expanded roles in driving the company's growth strategy. This leadership enhancement is seen as a strategic move to bolster Cabot's performance and sustainability initiatives.

Cabot Corporation (NYSE: CBT) will participate in Deutsche Bank’s 7th Annual Lithium and Battery Supply Chain Conference on December 7, 2022, in New York City. CEO Sean Keohane and CTO Patricia Hubbard will engage in one-on-one meetings and a panel discussion on ‘Battery Chemistry & Innovation’ from 11:30 AM to 11:50 AM ET. Investors can access additional materials on Cabot's investor relations website. Cabot is recognized as a leader in specialty chemicals and performance materials, providing products like carbon black and engineered elastomer composites.

On November 10, 2022, Cabot Corporation (NYSE: CBT) announced a quarterly dividend of $0.37 per share. This dividend payment will be distributed on December 9, 2022, to shareholders on record as of November 25, 2022. Cabot Corporation is a global leader in specialty chemicals, providing products like carbon black and engineered elastomer composites. The announcement reflects the company’s ongoing commitment to returning value to shareholders.

Cabot Corporation (NYSE: CBT) reported strong financial results for fiscal year 2022, with a diluted EPS of $3.62 and record adjusted EPS of $6.28, marking a 25% increase from the previous year. Key highlights include a 74% revenue increase in Battery Materials, reaching $132 million, and a 24% growth in segment EBIT for Reinforcement Materials. Operating cash flow was robust at $105 million, with liquidity remaining strong at $1.1 billion. Despite challenges anticipated in fiscal 2023 due to inflation and energy costs, adjusted EPS is projected to be between $6.25 and $6.75.

Cabot Corporation (NYSE: CBT) has launched its new LITX® 93 series of conductive carbon additives (CCA) for lithium-ion batteries, targeting electric vehicles (EV), energy storage, and consumer electronics. This series enhances electronic conductivity and lithium-ion diffusion, crucial for efficient battery performance. The increasing demand for rechargeable batteries and EVs is anticipated to drive further growth in the battery market. Manufactured globally, the LITX 93 series aims to provide a reliable supply for battery manufacturers, enabling high energy density and performance.