Cabot Q3 2022 Earnings Report
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
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