Cabot Corp (CBT) Q2 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble.
Cabot Corp (NYSE: CBT)
Operator
Operator: Thank you for standing by, and welcome to the Second Quarter 2021 Cabot Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers presentation, there will be a question-and-answer session. [Operator Instructions].
I would now like to hand the call over to Steve Delahunt, Vice President, Treasurer and Investor Relations.
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Cabot: Fiscal Q2 Earnings Snapshot
May 3, 2021
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BOSTON (AP) Cabot Corp. (CBT) on Monday reported fiscal second-quarter net income of $75 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Boston-based company said it had net income of $1.30. Earnings, adjusted for non-recurring costs, were $1.38 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The chemical company posted revenue of $842 million in the period.
Cabot expects full-year earnings in the range of $4.70 to $4.95 per share.
Cabot shares have increased 25% since the beginning of the year. In the final minutes of trading on Monday, shares hit $56.09, a climb of 76% in the last 12 months.
Cabot invests in Malaysia to boost composite line
Cabot invests in Malaysia to boost composite line
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PORT DICKSON, Malaysia For Cabot Corp., innovation isn t just about extending the life and durability of some of the world s toughest off-the-road and mining tires. It s about unlocking their greatest sustainable potential.
And this is where the company s Engineered Elastomer Composites (E2C), launched in March 2020, come into play. Built on the foundation of a proprietary mixing process for carbon black and natural rubber, Cabot s E2C pre-mixed composite solutions are intended to help OTR tire makers sustainably and economically improve tire performance.
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