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Jun 30, 2021
Cabot Q3 2021 Earnings Report
Reported strong diluted EPS and adjusted EPS.
Key Takeaways
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.
Revenue by Segment
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.
Positive Outlook
- 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.
Challenges Ahead
- Anticipating an elevated level of fixed costs as compared to the third quarter
- The timing of maintenance activities
- Unfavorable impacts associated with plant outages
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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