Management ChangeAug 3, 2026, 04:33 PM
Cabot Announces New CEO, Q3 Adjusted EPS $1.67
AI Summary
Cabot Corporation announced its third quarter fiscal year 2026 results, reporting Adjusted EPS of $1.67 and net sales of $982 million. The company also announced a planned leadership transition, with Erica McLaughlin elected to succeed Sean Keohane as President and CEO, effective October 1, 2026. Performance Chemicals saw a 19% year-over-year EBIT increase, while Reinforcement Materials EBIT declined. Cabot is expanding its battery materials capacity and reaffirmed its $40 million EBITDA expectation for the full fiscal year, while also tightening its fiscal 2026 Adjusted EPS guidance to $6.15-$6.45.
Key Highlights
- Erica McLaughlin elected to succeed Sean Keohane as President and CEO, effective October 1, 2026.
- Q3 fiscal year 2026 Adjusted EPS was $1.67.
- Net sales and other operating revenues for Q3 fiscal 2026 were $982 million.
- Reinforcement Materials segment EBIT was $97 million in Q3 fiscal 2026.
- Performance Chemicals segment EBIT was $68 million in Q3 fiscal 2026, up 19% year-over-year.
- Battery Materials product line expanding global conductive additive capacity, reaffirming $40 million EBITDA for full fiscal year.
- Ended Q3 with $250 million in cash and cash equivalents and $1.3 billion of available liquidity.
- Tightened fiscal 2026 Adjusted EPS guidance range to $6.15 to $6.45 per share.
Price Impact
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