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Dec 31, 2024

Cabot Q1 2025 Earnings Report

Cabot reported strong first quarter fiscal 2025 results with adjusted EPS up 13% year-over-year.

Key Takeaways

Cabot Corporation announced its first quarter fiscal year 2025 results, reporting a diluted EPS of $1.67 and an adjusted EPS of $1.76, which is a 13% increase compared to the same quarter in the prior year. The company's performance was driven by operational excellence and agility in a challenging market environment.

Diluted EPS of $1.67 and Adjusted EPS of $1.76, representing a 13% increase in Adjusted EPS compared to the same quarter in the prior year.

Reinforcement Materials segment EBIT of $130 million, up 1% compared to the same quarter in the prior year.

Performance Chemicals segment EBIT of $45 million, up 32% compared to the same quarter in the prior year.

Cash Flows from Operations of $124 million supported the return of $66 million of cash to shareholders.

Total Revenue
$955M
Previous year: $958M
-0.3%
EPS
$1.76
Previous year: $1.56
+12.8%
Operating Tax Rate
28%
Previous year: 28%
+0.0%
Gross Profit
$235M
Previous year: $218M
+7.8%
Cash and Equivalents
$183M
Previous year: $244M
-25.0%
Free Cash Flow
$47M
Previous year: $51M
-7.8%
Total Assets
$3.64B
Previous year: $3.7B
-1.4%

Cabot

Cabot

Cabot Revenue by Segment

Forward Guidance

Cabot anticipates adjusted earnings per share for fiscal year 2025 to remain in the range of $7.40 to $7.80.

Positive Outlook

  • Outlook includes anticipated business segment results.
  • Incorporates the outcome of negotiations for calendar year 2025 tire customer agreements.
  • Includes foreign currency rates and market interest rate projections as of the end of January.
  • Outlook for operating cash flow remains strong.
  • Company can continue investing in strategic growth projects and return robust levels of cash to shareholders through dividends and share repurchases.

Challenges Ahead

  • Outlook does not incorporate any potential impacts from the tariffs recently announced.
  • Challenging market environment
  • Lower production levels at tire customers in the Americas due to higher levels of tire imports from Asia.
  • Higher costs associated with maintenance spend and new assets.
  • Potential impacts from foreign currency rates and market interest rate projections.

Revenue & Expenses

Visualization of income flow from segment revenue to net income