Cabot's Stock Rises 16% in Three Months: What's Driving the Rally? [Yahoo! Finance]
Cabot Corporation (CBT)
Last cabot corporation earnings: 2/3 04:16 pm
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Source: Yahoo! Finance
Image Source: Zacks Investment Research Let's look at the factors driving the stock's price appreciation. What's Driving Cabot Stock? Cabot's Performance Chemicals division experienced strong growth in the fiscal third quarter, with sales rising 8.1% year over year to $332 million. The segment's EBIT saw an impressive 72% jump to $55 million, fueled by increased volumes and a favorable product mix, particularly in specialized carbons and fumed metal oxides. This growth was supported by robust demand across the automotive, infrastructure and semiconductor markets. The Reinforcement Materials segment also posted gains, benefiting from higher volumes in Europe and Asia Pacific, improved pricing and a stronger product mix in 2024 customer agreements. CBT remains optimistic about its fiscal fourth-quarter outlook, raising the company's fiscal 2024 adjusted EPS guidance to $7-$7.10, marking a 30-cent increase at the midpoint. The upward revision reflects anticipated strong perfor
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CBT
Earnings
- 8/5/24 - Beat
CBT
Sec Filings
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- CBT's page on the SEC website