Quarterly ResultMay 5, 2026, 05:07 PM
Cabot Q2 Adjusted EPS $1.61; Raises Dividend 5%; Plans Asset Optimization
AI Summary
Cabot Corporation reported second quarter fiscal year 2026 results with diluted EPS of $1.27 and adjusted EPS of $1.61. The company announced a 5% increase in its quarterly dividend, raising the annualized dividend to $1.89. Additionally, Cabot plans asset optimization, intending to close manufacturing operations in South America and Europe, expecting $22 million in annualized fixed cost savings. The company reaffirmed its full-year fiscal 2026 Adjusted EPS guidance.
Key Highlights
- Q2 FY26 Diluted EPS was $1.27, down from $1.69 in Q2 FY25.
- Q2 FY26 Adjusted EPS was $1.61, down from $1.90 in Q2 FY25.
- Net sales for Q2 FY26 were $904 million, a decrease from $936 million in Q2 FY25.
- Quarterly dividend increased by 5%, raising the annualized dividend from $1.80 to $1.89.
- Reinforcement Materials segment EBIT decreased 29% to $93 million.
- Performance Chemicals segment EBIT increased 18% to $59 million.
- Asset optimization efforts are expected to generate $22 million in annualized fixed cost savings.
- Reaffirmed full-year FY26 Adjusted EPS guidance in the range of $6.00 to $6.50 per share.
Price Impact
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