Cabot Earnings Call Transcripts
Fiscal Year 2026
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Adjusted EPS fell 13% year-over-year to $1.53, with strong cash flow and robust growth in battery materials. Reinforcement Materials faced volume and pricing pressure, while Performance Chemicals saw EBIT growth. FY2026 EPS guidance is $6.00–$6.50.
Fiscal Year 2025
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Record adjusted EPS and EBITDA were achieved in FY25 despite lower volumes and challenging macro conditions. FY26 guidance anticipates lower EPS amid continued trade and demand uncertainty, but strong cash flow and strategic investments in battery materials and sustainability remain priorities.
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Q3 adjusted EPS was $1.90, flat sequentially and down 1% year-over-year, with strong cash flow and continued shareholder returns. Strategic progress included a $70M acquisition in Mexico and ongoing investments in growth areas. Full-year EPS guidance reaffirmed at $7.15–$7.50.
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Q2 adjusted EPS rose 7% year-over-year, driven by strong performance chemicals results, while reinforcement materials faced volume declines due to lower tire demand and trade uncertainty. Full-year EPS guidance was lowered, but cash generation and shareholder returns remain robust.
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Adjusted EPS rose 13% year-over-year to $1.76, with EBIT growth in both major segments and strong cash flow supporting investments and shareholder returns. FY2025 guidance is reaffirmed, with new capacity and infrastructure markets expected to drive future growth.
Fiscal Year 2024
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The company outlined a strategy focused on growth, innovation, and sustainability, targeting 7%-10% adjusted EPS CAGR and $900M–$1B EBITDA by FY2027. Key growth drivers include battery materials, E2C, and inkjet, with disciplined capital allocation supporting expansion, dividends, and buybacks.
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Adjusted EPS grew 31% year-over-year to $7.06, with strong cash flow enabling $265 million in shareholder returns. Fiscal 2025 guidance calls for 5–10% EPS growth, continued segment strength, and major investments in sustainability and battery materials.
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Adjusted EPS rose 35% year-over-year to $1.92, driven by strong segment performance and cash flow. Full-year EPS guidance was raised, with robust capital returns and continued sustainability leadership. Weather events, geopolitical risks, and market shifts remain key uncertainties.