Cabot fiscal Q3 adjusted EPS slightly beats estimates; names new CEO
Cabot fiscal Q3 adjusted EPS slightly beats estimates; names new CEO
Overview
US specialty chemicals provider's fiscal Q3 adjusted EPS slightly beat analyst expectations
Q3 revenue rose 6% yr/yr to $982 mln
Company to transition CEO role to Erica McLaughlin effective October 1, 2026
Outlook
Cabot tightens fiscal 2026 adjusted EPS guidance to $6.15-$6.45 from $6.00-$6.50
Company reaffirms expectation of about $40 mln EBITDA for battery materials in fiscal 2026
Cabot says macroeconomic and geopolitical environment remains dynamic
Result Drivers
PERFORMANCE CHEMICALS GROWTH - Higher volumes and expanded unit margins, especially in battery materials and fumed metal oxides, drove segment EBIT up 19% yr/yr
REINFORCEMENT MATERIALS PRESSURE - Segment EBIT fell 24% yr/yr as lower gross profit per ton from 2026 customer agreements outweighed higher volumes
BATTERY MATERIALS DEMAND - Co said battery materials volumes rose on higher EV and battery energy storage demand and stronger participation with global battery makers
Company press release: ID:nGNX43v5yv
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Adjusted EPS | Beat | $1.67 | $1.66 (5 Analysts) |
Q3 Net Income |
| $6 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the specialty chemicals peer group is "buy."
Wall Street's median 12-month price target for Cabot Corp is $97.00, about 10.2% above its July 31 closing price of $88.02
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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