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Cabot Corporation (CBT)
NYSE:CBT
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$1.72Last Year’s EPS
$1.56Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -15.75%
|Next Earnings Date:Feb 10, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with significant EPS growth and cash flow generation, alongside sustainability achievements and capital returns to shareholders. However, challenges such as decreased EBIT in Reinforcement Materials, the impact of tire imports, and increased maintenance costs were also noted.Company Guidance
During the earnings call for Cabot Corporation's fourth quarter of fiscal year 2024, the company provided detailed guidance on various financial metrics and future outlooks. They achieved an adjusted earnings per share (EPS) growth with a compound annual growth rate (CAGR) of 12% over three years, reaching $7.06 for fiscal 2024, which was a 31% increase year-over-year. The company reported a total segment EBIT of $701 million, up 15% from the previous year, with Reinforcement Materials EBIT rising by 11% to $537 million and Performance Chemicals segment EBIT increasing by 31% to $164 million. Cabot generated a strong operating cash flow of $692 million and discretionary free cash flow of $479 million in fiscal 2024. The company returned $265 million to shareholders through dividends and share repurchases, representing approximately 55% of discretionary free cash flow. Looking ahead to fiscal 2025, Cabot expects adjusted EPS to be in the range of $7.40 to $7.80, representing growth of 5% to 10%, with continued earnings growth in both the Reinforcement Materials and Performance Chemicals segments. They anticipate their operating tax rate to be between 27% and 29% for fiscal 2025.Record Earnings Per Share Growth
Achieved an adjusted EPS growth CAGR of 12% over the 3-year goal period, reaching the top end of the target range of 8% to 12%.
Strong Cash Flow Generation
Generated $1.2 billion of cumulative discretionary free cash flow over the 3-year period, surpassing the Investor Day goal of greater than $1 billion.
Performance Chemicals Segment Growth
Performance Chemicals segment EBIT increased 31% year-over-year to $164 million, driven by higher volumes and improved product mix.
Sustainability Achievements
Achieved 9 of 14 sustainability goals ahead of schedule and received a $50 million grant from the U.S. Department of Energy for developing battery-grade carbon nanotubes.
Dividend and Share Repurchase
Paid $93 million in dividends with an 8% increase and repurchased $172 million of shares, returning $265 million of capital to shareholders.
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CBT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CBT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $109.66 | $108.43 | -1.12% |
| Aug 05, 2024 | $86.26 | $100.39 | +16.38% |
| May 06, 2024 | $94.76 | $99.83 | +5.35% |
| Feb 05, 2024 | $69.93 | $75.42 | +7.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cabot Corporation (CBT) report earnings?
Cabot Corporation (CBT) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is Cabot Corporation (CBT) earnings time?
Cabot Corporation (CBT) earnings time is at Feb 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CBT EPS forecast?
CBT EPS forecast for the fiscal quarter 2025 (Q1) is $1.72.
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