Brief: Cabot Corporation Provides Update On Current Demand Environment

Cabot

15/06/2023 22:32

June 15 (Reuters) - Cabot Corp  CBT.N :
    * CABOT CORPORATION PROVIDES UPDATE ON CURRENT DEMAND
ENVIRONMENT
    * CABOT CORP - ARE NOT SEEING ANTICIPATED PACE OF RECOVERY
IN
CHINA AFTER A CHALLENGING MARCH QUARTER IN PERFORMANCE CHEMICALS
SEGMENT
    * CABOT CORP - CONTINUE TO SEE SOFT DEMAND ON A GLOBAL BASIS
ACROSS MANY OF OUR KEY END MARKETS, INCLUDING CONSTRUCTION AND
CONSUMER APPLICATIONS
    * CABOT CORP - CONTINUE TO EXPECT STRONGER ADJUSTED EARNINGS
PER
SHARE IN SECOND HALF OF FISCAL YEAR AS COMPARED TO FIRST HALF
    * CABOT CORP - NO LONGER EXPECTING ADJUSTED EARNINGS PER
SHARE FOR
FISCAL 2023 TO BE IN RANGE OF $6.10 TO $6.50
    * CABOT CORP- BELIEVE WILL EXIT 2023 WITH Q4 RESULTS THAT
SET US
UP FOR EARNINGS GROWTH, ACHIEVEMENT OF 3-YEAR TARGET FOR
ADJUSTED EARNINGS PER SHARE
    * CABOT CORP - CONTINUE TO ANTICIPATE A ROBUST OPERATING
CASH FLOW
FOR FULL FISCAL YEAR
    * CABOT CORP -  EXPECT EBIT IN PERFORMANCE CHEMICALS SEGMENT
IN
THIRD FISCAL QUARTER TO BE ONLY MODESTLY HIGHER THAN SECOND
FISCAL QUARTER

Source text for Eikon:  ID:nBwbdFk2na 
Further company coverage:  CBT.N 

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