Cabot Corp. (NYSE: CBT) reported Q3 EPS of $1.73, $0.19 better than the analyst estimate of $1.54. Revenue for the quarter came in at $1.15 billion versus the consensus estimate of $1.06 billion.

GUIDANCE:

Cabot Corp. sees FY2022 EPS of $6.10-$6.20, versus the consensus of $6.14.

• Commenting on the outlook for the Company, Keohane said, “Given the strong year-to-date results and our expectations for the fourth quarter of fiscal 2022, 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 expect to see a normal seasonal impact on our volumes and higher levels of maintenance activity during the fourth quarter. We anticipate continued strong pricing execution and we will continue to leverage our broad global network and reputation for reliability to support our customers in these dynamic times.”
• Keohane continued, “With one quarter to go in fiscal 2022, we are on track to deliver greater than 20% year-over-year adjusted EPS growth. I believe the structural changes we’ve made to enhance the resilience of our businesses position us well to deliver value across a variety of economic environments. Our disciplined and balanced approach to capital allocation has allowed us to grow our core businesses, develop key growth vectors, and return capital to shareholders. We believe we are well positioned to capitalize on key macro growth trends such as electric vehicles and will continue to invest aggressively to realize the potential from this transformational opportunity. I believe Cabot is executing well against our “Creating for Tomorrow” strategy and our long-term targets to deliver attractive shareholder returns.”

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