Cabot Corp. (CBT) Misses Q4 EPS by 2c

Cabot Corp. (NYSE: CBT) reported Q4 EPS of $0.91, $0.02 worse than the analyst estimate of $0.93. Revenue for the quarter came in at $723 million versus the consensus estimate of $683.25 million.

Commenting on the outlook for the Company, Keohane said, “Looking forward to 2018, we remain focused on our strategy of investing for growth in the core, driving application innovation with our customers, and generating strong cash flows through efficiency and optimization. We feel good about the current business environment and expect to see growth across all segments. At the same time, we will be stepping up our growth investments as evidenced by our previously announced Carrollton and Wuhai projects which will drive future profitability. Overall, we continue to focus on creating shareholder value by generating strong discretionary free cash flow and reinvesting that into our core businesses as well as returning cash to shareholders. We believe this will result in a good balance of long term growth and a meaningful cash return, leading to top tier Total Shareholder Return.”

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

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