Cabot Corporation operates as a specialty chemicals and performance materials company. It operates through two segments, Reinforcement Materials and Performance Chemicals. The ...
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$1.82 per share
Est. EPS $6.36 · Revenue $3.68B · 3 analysts
Est. EPS $1.51 · Revenue $860.00M · 1 analysts
Est. EPS $1.67 · Revenue $917.06M · 1 analysts
$1.82 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $3.7B | -7.0% | +8.6% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $331.0M | -12.9% | -91.2% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +25.3% | +5.3% | -21.9% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +16.7% | +8.8% | -34.1% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +8.9% | -6.3% | -91.9% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $391.0M | -13.3% | +15.6% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +10.5% | -6.7% | +6.4% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 78.4% | -16.0% | -4.3% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.61x | -22.6% | +1.3% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $3.8B | +2.1% | +2.0% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 6.02 vs 7.26 | -17.0% | 0.12 vs 1.65 | -92.7% |
| Revenue Surprise | $3.7B vs $3.8B | -1.5% | $982.0M vs $943.2M | +4.1% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 28, 2026 | Keohane Sean D | director, officer: President and CEO | Common Stock | A | 134,895 | $50.00 |
| Aug 28, 2026 | Keohane Sean D | director, officer: President and CEO | Common Stock | D | 134,895 | $85.00 |
| Aug 28, 2026 | Keohane Sean D | director, officer: President and CEO | Employee Stock Option (Right to Buy) | D | 134,895 | $50.00 |
| Aug 24, 2026 | Keohane Sean D | director, officer: President and CEO | Common Stock | A | 2,779 | $50.00 |
| Aug 24, 2026 | Keohane Sean D | director, officer: President and CEO | Common Stock | D | 2,779 | $85.50 |
Operator: Good day, and thank you for standing by. Welcome to Cabot Corporation's Earnings Teleconference for Third Quarter Fiscal 2026. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the call over to your first speaker today, Mr. Robert Rist. Thank you. Please go ahead. Robert Rist: Thank you, Desmond. Good morning. I'd like to welcome you to Cabot Corporation's earnings teleconference. With me today are Sean Keohane, CEO and President; and Erica McLaughlin, Executive Vice President and CFO. Last night, we released results for our third quarter of fiscal 2026, copies of which are posted in the Investor Relations section of our website. The slide deck that accompanies this call is also available in the Investor Relations portion of our website and will be available in conjunction with the replay of this call. During this conference call, we will make forward-looking statements about our expected future operational and financial performance. Each forward-looking statement is subject to risks and uncertainties that could cause actual results to differ materially from those projected in such statements. Additional information regarding these factors appears under the heading Forward-Looking Statements in the press release we issued last night and in our annual report on Form 10-K for the fiscal year ending September 30, 2025, and in subsequent filings we make with the SEC, all of which are available on the company's website. In order to provide greater transparency regarding our operating performance, we refer to certain non-GAAP financial measures that involve adjustments to GAAP results. Any non-GAAP financial measure presented should not be considered to be an alternative to a financial measure required by GAAP. Any non-GAAP financial measure referenced on this call are reconciled to the most directly comparable GAAP financial measure in a table at the end of our earnings release issued last night and available in the Investors section on our website. I will now turn the call over to Sean, who will discuss the third quarter highlights, followed by several company and business updates. Erica will review the third quarter financial highlights and the business segment results. Following this, Sean will provide closing comments on our fiscal 2026 outlook and then open the floor to questions. Sean? Sean Keohane: Thank you, Rob. Good morning, ladies and gentlemen, and welcome to our call today. Before we begin our review of the quarter, I'd like to briefly address the leadership transition announced last week. After nearly 25 years with Cabot, including the last 10 years as President and CEO, I have decided to retire effective at the end of the fiscal year on September 30, 2026. To support a smooth transition, I will continue in an advisory capacity through the end of the calendar year. My decision to retire reflects a thoughtful and well-planned succession process in partnership with our …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Sean D. Keohane | President, Chief Executive Officer & Director | USD 2,776,804 | Male | 1967 | Active |
Jeff Ji Zhu | Executive Vice President, President of Carbon & Silica Technologies, Battery Materials and Asia Pacific Region | USD 2,424,655 | Male | 1969 | Active |
Erica J. McLaughlin | Executive Vice President, Chief Financial Officer & Head of Corporate Strategy | USD 1,275,055 | Female | 1977 | Active |
Karen A. Kalita | Senior Vice President & General Counsel | USD 1,131,571 | Female | 1980 | Active |
Jaume Campana | SVP & President of EMEA Region and EMEA Regional Business Dir of Reinforcement Materials Segment | — | Male | — | Active |
Robert Rist | Vice President of Investor Relations & Corporate Planning | — | Male | — | Active |
Aaron Johnson | Senior Vice President of Global Business Services and Global Engineering & Inkjet | — | Male | — | Active |
Vanessa Craigie | Corporate Communications Director | — | Female | — | Active |
Arthur T. Wood | Senior Vice President, CHRO & President of Americas Region | — | Male | — | Active |
Lisa Dumont | Vice President, Controller & Chief Accounting Officer | — | Female | 1974 | Active |
Patricia Hubbard | Senior Vice President & Chief Technology Officer | — | Female | 1968 | Active |
Cabot NYSE: CBT reported third-quarter fiscal 2026 adjusted earnings per share of $1.67, up 4% sequentially, as strength in its Performance Chemicals segment helped offset lower earnings in Reinforcement Materials.
Cabot Corporation (CBT) Q3 2026 Earnings Call Transcript
Cabot Corporation is now fairly valued after a period of significant undervaluation and strong operational outperformance. I downgrade CBT to Hold with a new price target of $82/share, as the current upside is limited following a 20-30% rally. CBT's disciplined capital allocation, low leverage, and resilient margins underpin its stability despite cyclical end-market pressures.
Cabot (CBT) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.9 per share a year ago.
BOSTON, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Cabot Corporation (NYSE: CBT) today announced results for its third quarter fiscal year 2026. Third Quarter Highlights Third Quarter Diluted EPS of $0. 12 and Adjusted EPS of $1. 67 Reinforcement Materials segment EBIT of $97 million and Performance Chemicals segment EBIT of $68 million Battery Materials product line expanding global conductive additive capacity to support growing demand; reaffirming expectation of approximately $40 million of EBITDA for the full fiscal year Awarded Platinum rating from EcoVadis for exceptional leadership in sustainability performance for the sixth consecutive year Announced a planned leadership transition, with Erica McLaughlin elected to succeed Sean Keohane as President and CEO and a member of Cabot's Board of Directors, all effective October 1, 2026 Sean Keohane, Cabot President and Chief Executive Officer, commented: "I am pleased with our strong third-quarter performance as our teams continued to execute at a high level despite a dynamic operating environment.
