Cabot Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
August 07, 2023 at 04:30 pm EDT
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Cabot Corporation reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was USD 968 million compared to USD 1,149 million a year ago. Net income was USD 82 million compared to USD 97 million a year ago. Diluted earnings per share from continuing operations was USD 1.43 compared to USD 1.69 a year ago.
For the nine months, sales was USD 2,966 million compared to USD 3,209 million a year ago. Net income was USD 211 million compared to USD 115 million a year ago. Diluted earnings per share from continuing operations was USD 3.65 compared to USD 1.99 a year ago.
Cabot Corporation is a global specialty chemicals and performance materials company. The Company operates through two segments: Reinforcement Materials and Performance Chemicals. The Reinforcement Materials segment combines reinforcing carbons, engineered elastomer composites and EVOLVE Sustainable Solutions product. The reinforcing carbons products are used in tires and industrial products. In Performance Chemicals, it designs, manufacture and sell materials that deliver performance in a range of customer applications across the automotive, construction, infrastructure, inkjet printing, electronics, and consumer products sectors and in applications related to the generation, transmission and storage of energy. The Performance Chemicals segment combine specialty carbons, specialty compounds, battery materials, fumed metal oxides, aerogel and inkjet product lines. Its products include Carbon black, specialty carbons, battery materials, fumed silica, aerogel and inkjet colorants.
CABOT CORPORATION 
