NYSE$CBT
Cabot Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Cabot's Q2 2024 financial performance reflected growth in adjusted EPS and strong segment results.
Cabot Corporation reported strong second quarter fiscal year 2024 results, with a 34% increase in Adjusted EPS compared to the same quarter in the prior year. The company's Reinforcement Materials segment and Performance Chemicals segment both saw EBIT growth, driven by price and volume improvements. Cabot also increased its quarterly dividend by 8% and repurchased shares, returning cash to shareholders.
- Diluted EPS of $1.49 and adjusted EPS of $1.78, which represents a 34% increase in Adjusted EPS as compared to the same quarter in the prior year
- Reinforcement Materials segment EBIT of $149 million; up 22% compared to the same quarter in the prior year
- Performance Chemicals segment EBIT of $31 million; up 11% compared to the same quarter in the prior year
- Cash Flows from Operations of $176 million in the second fiscal quarter supported the return of $47 million of cash to shareholders in the quarter
Headline financials
Revenue & EPS history
Cabot · Revenue · Quarterly
$1.02B
Revenue by segment
Cabot · $930M total across 2 segments · Q4 2023
- Reinforcement Materials$624M-10.9%67.1%
- Performance Chemicals$306M-9.5%32.9%
Forward guidance
Cabot is raising its Adjusted EPS guidance range for the fiscal year to $6.65 to $6.85 from our previously communicated range of $6.30 to $6.80. Reinforcement Materials continues to deliver exceptional results and we are seeing some encouraging demand signals in Performance Chemicals. Our outlook for operating cash flow also remains strong, which would enable us to continue investing in strategic growth projects and to continue returning robust levels of cash to shareholders.
Tailwinds
- Reinforcement Materials continues to deliver exceptional results
- Encouraging demand signals in Performance Chemicals
- Strong outlook for operating cash flow
- Continue investing in strategic growth projects
- Continue returning robust levels of cash to shareholders
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+1.0%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+2.9%
Avg return
30 days after
60%
41 / 68 earnings
Positive
+13.5%
Q4 2015
Best reaction
-13.4%
Q1 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +4.1% | +7.0% | +2.4% | |
| Q1 2026 | +10.3% | +4.6% | -1.8% | |
| Q4 2025 | -7.0% | -6.7% | -2.7% | |
| Q2 2025 | -6.8% | -4.6% | -3.3% | |
| Q1 2025 | +3.9% | +1.6% | -0.9% | |
| Q4 2024 | -0.1% | +5.5% | -1.3% | |
| Q3 2024 | +12.6% | +6.9% | +12.6% | |
| Q2 2024 | +7.4% | +8.3% | +4.6% | |
| Q1 2024 | +5.8% | +10.1% | +18.3% | |
| Q4 2023 | +5.7% | +9.6% | +13.6% | |
| Q3 2023 | +1.9% | +3.2% | +4.4% | |
| Q2 2023 | -4.5% | -3.1% | +6.2% | |
| Q1 2023 | +1.1% | +7.2% | +1.4% | |
| Q4 2022 | -7.1% | -2.1% | -5.3% | |
| Q3 2022 | -2.3% | +6.0% | -1.8% | |
| Q2 2022 | +5.6% | +1.7% | +12.5% | |
| Q1 2022 | +11.8% | +12.3% | +31.7% | |
| Q4 2021 | -1.3% | -0.0% | -3.2% | |
| Q3 2021 | +0.2% | +2.4% | -4.8% | |
| Q2 2021 | +4.6% | +13.6% | +16.4% | |
| Q1 2021 | +5.4% | +7.8% | +13.6% | |
| Q4 2020 | +7.2% | +4.3% | +6.1% | |
| Q3 2020 | +0.1% | +5.7% | -0.1% | |
| Q2 2020 | -9.3% | -10.4% | +21.8% | |
| Q1 2020 | +5.8% | +5.1% | -3.5% | |
| Q4 2019 | +8.7% | +9.4% | +0.6% | |
| Q3 2019 | -5.7% | -7.7% | -3.4% | |
| Q2 2019 | +0.5% | -0.8% | -6.5% | |
| Q1 2019 | -9.7% | -11.0% | -3.9% | |
| Q4 2018 | -3.9% | -4.2% | -7.9% | |
| Q3 2018 | -4.4% | -3.4% | -4.4% | |
| Q2 2018 | +6.5% | +9.2% | +14.0% | |
| Q1 2018 | +6.5% | -0.9% | -3.5% | |
| Q4 2017 | +5.2% | +6.3% | +1.8% | |
| Q3 2017 | -2.9% | -3.1% | -3.0% | |
| Q2 2017 | -6.6% | -10.3% | -13.2% | |
| Q1 2017 | +4.1% | +3.8% | +5.5% | |
| Q4 2016 | -3.1% | -7.3% | -2.1% | |
| Q3 2016 | +5.6% | +0.7% | +2.7% | |
| Q2 2016 | -8.0% | — | — | |
| Q1 2016 | -1.1% | — | — | |
| Q4 2015 | +13.5% | — | — | |
| Q3 2015 | -1.1% | — | — | |
| Q2 2015 | -7.4% | — | — | |
| Q1 2015 | +4.7% | — | — | |
| Q4 2014 | -4.1% | — | — | |
| Q3 2014 | -5.4% | — | — | |
| Q2 2014 | +1.3% | — | — | |
| Q1 2014 | +0.5% | — | — | |
| Q4 2013 | +2.0% | — | — | |
| Q3 2013 | -2.5% | — | — | |
| Q2 2013 | -2.3% | — | — | |
| Q1 2013 | -13.4% | — | — | |
| Q4 2012 | +1.2% | — | — | |
| Q3 2012 | -5.4% | — | — | |
| Q2 2012 | +3.5% | — | — | |
| Q1 2012 | +13.5% | — | — | |
| Q4 2011 | +9.3% | — | — | |
| Q4 2010 | +2.1% | — | — | |
| Q3 2011 | +2.1% | — | — | |
| Q2 2011 | -0.4% | — | — | |
| Q1 2010 | -0.0% | — | — | |
| Q1 2011 | +2.5% | — | — | |
| Q4 2008 | +2.9% | — | — | |
| Q2 2010 | +2.9% | — | — | |
| Q3 2009 | +0.1% | — | — | |
| Q4 2009 | +0.1% | — | — | |
| Q3 2010 | +0.1% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro