Cabot Corp. (CBT) Tops Q1 EPS by 14c
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Cabot Corp Reports First Quarter Fiscal 2017 Results
February 1, 2017 4:39 PM ESTDiluted EPS of $0.85 and Adjusted EPS of $0.84
BOSTON--(BUSINESS WIRE)-- Cabot Corporation (NYSE: CBT) today announced results for its first quarter of fiscal year 2017.
Key Highlights
Diluted EPS up $0.96 over prior year Adjusted EPS up 65% year-over-year, driven by higher volumes in all segments and improved Reinforcement Materials margins Purification Solutions EBIT up $9M year-over-year supported by strong MATS volumes Generated strong cash flows from operations of $102 million Favorable calendar year 2017 tire negotiations in Reinforcement Materials   (In millions, except per share amounts) First Quarter 2017   ... More