NYSE$CBT
Cabot Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported strong diluted EPS and adjusted EPS.
Cabot Corporation reported exceptional operating results with strong volumes and earnings growth for the third quarter of fiscal year 2021, driven by robust demand and successful implementation of price increases.
- GAAP EPS of $1.48, compared to a loss of $0.12 in the prior fiscal year third quarter.
- Adjusted EPS of $1.35, compared to a loss of $0.07 in the prior fiscal year third quarter
- Robust demand across diverse applications and geographies.
- Liquidity remained strong at approximately $1.3 billion.
Headline financials
Revenue & EPS history
Cabot · Revenue · Quarterly
$917M
Revenue by segment
Cabot · $782M total across 2 segments · Q3 2021
- Reinforcement Materials$479M+143.1%61.3%
- Performance Chemicals$303M+37.7%38.7%
Forward guidance
Cabot expects demand to remain strong across segments and anticipates an elevated level of fixed costs in the fourth quarter due to maintenance, plant outages and higher feedstock differentials. They are increasing their outlook for the year, expecting adjusted earnings per share for fiscal year 2021 to be in the range of $4.85 to $5.05.
Tailwinds
- Demand is expected to remain strong across the segments
- Adjusted EPS for fiscal year 2021 is expected to be in the range of $4.85 to $5.05
- Strong fundamentals of businesses
- Demonstrated performance momentum
- Growth investments position the company well for fiscal 2022 and the coming years.
Headwinds
- Anticipating an elevated level of fixed costs as compared to the third quarter
- The timing of maintenance activities
- Unfavorable impacts associated with plant outages
- Higher feedstock differentials
- Elevated fixed costs
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 Q3 2021
+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% | — | — |
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