Quarterly ResultAug 4, 2026, 03:06 PM
Cabot Q3 Net Income Plunges to $6M; EPS $0.12
AI Summary
Cabot Corporation reported a substantial decline in net income for the third fiscal quarter ended June 30, 2026, with net income attributable to the company falling to $6 million ($0.12 diluted EPS) from $101 million ($1.86 diluted EPS) in the prior year. Quarterly net sales increased to $982 million from $923 million. For the nine months, net income attributable to Cabot Corporation decreased to $147 million ($2.77 diluted EPS) from $288 million ($5.22 diluted EPS) year-over-year. The company also completed the acquisition of Mexico Carbon Manufacturing for $68 million and recognized a $29 million pension settlement loss.
Key Highlights
- Net income attributable to Cabot Corporation for Q3 2026 was $6 million, down from $101 million in Q3 2025.
- Diluted EPS for Q3 2026 was $0.12, a significant decrease from $1.86 in Q3 2025.
- Net sales and other operating revenues for Q3 2026 increased to $982 million from $923 million in Q3 2025.
- For the nine months ended June 30, 2026, net income attributable to Cabot Corp was $147 million, down from $288 million YoY.
- Nine-month diluted EPS was $2.77, compared to $5.22 for the same period last year.
- Cabot acquired Mexico Carbon Manufacturing for $68 million on January 31, 2026.
- The company recognized a $29 million pension settlement loss in Q3 2026.
- The effective tax rate for Q3 2026 was 79%, primarily due to valuation allowance changes.
Price Impact
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