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Jun 30, 2022
Cabot Q3 2022 Earnings Report
Cabot team delivered significant growth in adjusted EPS year-over-year driven by higher margins and stronger volumes across the Company.
Key Takeaways
Cabot Corporation reported strong Q3 fiscal year 2022 results, with a 14% increase in Diluted EPS and a 28% increase in Adjusted EPS year-over-year. The company saw record Reinforcement Materials segment EBIT results and a 17% increase in Performance Chemicals segment EBIT. Battery Materials continued to show momentum with a 60% volume increase year-over-year.
Diluted EPS increased by 14% and Adjusted EPS increased by 28% year-over-year.
Reinforcement Materials segment achieved record EBIT results for the fiscal quarter.
Performance Chemicals segment EBIT increased by 17% year-over-year due to dynamic pricing and strong product mix.
Battery Materials volumes increased by 60% year-over-year.
Cabot
Cabot
Cabot Revenue by Segment
Revenue by Segment
Reinforcement Materials Revenue
CapyFin.comPerformance Chemicals Revenue
CapyFin.com Forward Guidance
Cabot tightens the range of adjusted earnings per share outlook for the fiscal year 2022 to $6.10 to $6.20.
Positive Outlook
- We are tightening the range of our adjusted earnings per share outlook for the fiscal year to $6.10 to $6.20.
- This is at the high-end of our previously communicated range of $5.80 to $6.20 and reflects an increase of $0.15 at the midpoint.
- We anticipate continued strong pricing execution
- We will continue to leverage our broad global network and reputation for reliability to support our customers in these dynamic times.
- We are on track to deliver greater than 20% year-over-year adjusted EPS growth.
Challenges Ahead
- We expect to see a normal seasonal impact on our volumes.
- We expect to see higher levels of maintenance activity during the fourth quarter.
- impacts of pandemic-related lockdowns in China
- continued logistics challenges
- higher energy and raw material costs
Revenue & Expenses
Visualization of income flow from segment revenue to net income