Quarterly ResultMay 6, 2026, 04:28 PM
Cabot Q2 Net Income $68M, EPS $1.27; Net Sales $904M
AI Summary
Cabot Corporation reported a decrease in net income and net sales for the three months ended March 31, 2026, with net income attributable to Cabot Corporation at $68 million and diluted EPS at $1.27. Net sales were $904 million, down from $936 million in the prior year period. For the six months, net income was $141 million and diluted EPS was $2.64. The company also completed the acquisition of Mexico Carbon Manufacturing for $68 million on January 31, 2026, integrating its operations into the Reinforcement Materials segment and contributing $12 million in revenue.
Key Highlights
- Net income attributable to Cabot Corporation for the three months ended March 31, 2026, was $68 million, down from $94 million in 2025.
- Diluted EPS for the three months ended March 31, 2026, was $1.27, compared to $1.69 in 2025.
- Net sales for the three months ended March 31, 2026, decreased to $904 million from $936 million in 2025.
- For the six months ended March 31, 2026, net income was $141 million and diluted EPS was $2.64.
- Cabot acquired Mexico Carbon Manufacturing for $68 million on January 31, 2026, adding $12 million revenue.
- Cash provided by operating activities for the six months ended March 31, 2026, increased to $203 million from $197 million.
- The company purchased $101 million of common stock during the six months ended March 31, 2026.