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May 6, 2025

Cabot Corp Reports Second Quarter Fiscal 2025 Results

(NYSE: CBT) today announced results for its second quarter of fiscal year 2025.

Key Highlights

  • Diluted EPS of $1.69and Adjusted EPS of$1.90which represents a7% increase in Adjusted EPS compared to the same quarter in the prior year
  • Reinforcement Materials segment EBIT of$131 million; up 1% sequentially; down 12% compared to the same quarter in the prior year
  • Performance Chemicalssegment EBIT of$50 million; up 11% sequentially; up 61% compared to the same quarter in the prior year
  • Returned$70 millionof cash to shareholders in the second quarter through dividends and share repurchases
  • Increased quarterly dividend by 5% from$0.43to$0.45per share
(In millions, except per share amounts) Three Months Ended Six Months Ended
3/31/25 3/31/24 3/31/25 3/31/24
Net sales and other operating revenues $ 936 $ 1,019 $ 1,891 $ 1,977
Net income (loss) attributable toCabot Corporation $ 94 $ 84 $ 187 $ 134
Net earnings (loss) per share attributable toCabot Corporation $ 1.69 $ 1.49 $ 3.36 $ 2.37
Less: Certain items after tax per share $ (0.21) $ (0.29) $ (0.30) $ (0.96)
Adjusted EPS $ 1.90 $ 1.78 $ 3.66 $ 3.33

Sean Keohane, Cabot President and Chief Executive Officer commented: “I am pleased with our second quarter financial performance where we delivered Adjusted Earnings Per Share of$1.90which was up 7% compared to the second quarter of fiscal 2024. Our business segments performed in line with our expectations. Reinforcement Materials delivered EBIT of$131 million, which was down 12% year over year from a weaker global demand environment. EBIT in thePerformance Chemicalssegment increased by 61% year over year driven by higher volumes, particularly in our fumed metal oxides product line related to construction and semiconductor applications as sales volumes reconnected to underlying demand drivers.”

Keohane continued, “The Cabot team demonstrated operational excellence and agility in a challenging market environment. We remain focused on driving commercial excellence and proactively managing our cost structure. We continue to execute our long-term strategic plan and optimize across our portfolio.”

Financial Detail For the second quarter of fiscal 2025, net income attributable toCabot Corporationwas$94 million($1.69per diluted common share). Net income reflects an after-tax per share charge from certain items of$0.21. Adjusted EPS for the second quarter of fiscal 2025 was$1.90per share.

Segment Results

Reinforcement MaterialsSecond quarter fiscal 2025 EBIT in Reinforcement Materials decreased …

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