Cabot reports Q1 adjusted EPS $1.56, consensus $1.49

Reports Q1 revenue $958M, consensus $952.85M. Sean Keohane, Cabot President and Chief Executive Officer, commented on the quarter, “We continued to execute against our Creating for Tomorrow strategy and build momentum, delivering another quarter of strong adjusted EPS. The Cabot team demonstrated operational excellence and agility in a weak market environment, resulting in adjusted EPS of $1.56, up 59% year-over-year and in-line with our expectations. Reinforcement Materials continued to demonstrate its resilience, delivering EBIT of $129 million driven by price and product mix improvements and volume growth as compared to the first quarter of fiscal 2023. In addition, we successfully concluded our calendar year 2024 customer negotiations with pricing and product mix improvements in all regions. EBIT in the Performance Chemicals segment grew 17% year over year largely due to improved volumes.”