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Mar 31, 2022
Cabot Q2 2022 Earnings Report
Achieved strong EPS and record adjusted EPS.
Key Takeaways
Cabot Corporation reported strong second quarter fiscal year 2022 results, driven by record segment EBIT in Reinforcement Materials and Performance Chemicals. Diluted EPS increased by 42%, and adjusted EPS increased by 22% year-over-year. The company completed the divestiture of the Purification Solutions business and returned $36 million to shareholders through dividends and share repurchases.
Record segment EBIT results for the fiscal quarter in both Reinforcement Materials and Performance Chemicals driving a 42% increase in Diluted EPS and a 22% increase in Adjusted EPS year-over-year
Key win in Battery Materials with sales of conductive carbon additive blends to a top five battery producer
Completed the divestiture of the Purification Solutions business
Returned $36 million in the quarter to shareholders through dividends and share repurchases
Cabot
Cabot
Cabot Revenue by Segment
Revenue by Segment
Reinforcement Materials Revenue
CapyFin.comPerformance Chemicals Revenue
CapyFin.com Forward Guidance
Cabot Corporation increased its adjusted earnings per share outlook for the fiscal year by $0.30 at the midpoint to a new range of $5.80 to $6.20.
Positive Outlook
- We are very pleased with the results for the first half of our fiscal year
- We feel good about the underlying demand and the strength of our businesses
- We are well positioned to deliver record adjusted earnings per share for the fiscal year
- The ability to deliver exceptional results in both segments reflects the strength of our portfolio
- Growth investments position us well for fiscal 2022 and the coming years
Challenges Ahead
- There is still uncertainty around the geopolitical environment
- There is still uncertainty around the pandemic-related restrictions
Revenue & Expenses
Visualization of income flow from segment revenue to net income