Cabot Corp. (CBT) Misses Q3 EPS by 4c, Beats on Revenues

Cabot Corp. (NYSE: CBT) reported Q3 EPS of $0.81, $0.04 worse than the analyst estimate of $0.85. Revenue for the quarter came in at $705 million versus the consensus estimate of $665.2 million.

Outlook

Commenting on the outlook for the Company, Keohane said, “While we faced challenges in the quarter from higher costs and unplanned downtime, we remain confident in the underlying strength of the businesses. We believe that Reinforcement Materials will continue to generate strong results, although we expect to see modestly higher fixed costs in the fourth quarter. We expect the end markets in Performance Chemicals to remain robust and for the segment’s volumes and product mix to improve with the resolution of the unplanned downtime. Purification Solutions is expected to benefit from seasonal volume growth and lower fixed costs in the fourth quarter. We remain focused on delivering shareholder value by growing our annual Adjusted EPS by 7-10% over time and expect to be toward the high end of that range this year."

For earnings history and earnings-related data on Cabot Corp. (CBT) click here.

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