Cabot backs FY24 adjusted EPS $6.30-$6.80, consensus $6.59

Commenting on the outlook for the Company, Keohane said, “As we look ahead to the remainder of fiscal 2024, our outlook for adjusted earnings per share for fiscal year 2024 remains in the range of $6.30 to $6.80. We are off to a strong start to fiscal 2024 and our underlying assumptions relating to our segments remain consistent with last quarter. We expect to generate growth in adjusted EPS as reflected in our guidance range, which at the midpoint would be a 22% increase as compared to fiscal 2023.” Keohane continued, “Our outlook for operating cash flow remains strong, which would allow us to continue investing in strategic growth projects and to continue to return robust levels of cash to shareholders through dividends and share repurchases. I am confident in our strategy and execution capability and anticipate that our expected performance will place us in or above the three-year consolidated financial objectives that we outlined at our December 2021 investor day.”