Cabot reports Q3 adjusted EPS $1.92, consensus $1.72

Reports Q3 revenue $1.02B, consensus $1B. Sean Keohane, Cabot President and Chief Executive Officer, commented on the quarter, “I am very pleased that we were able to deliver adjusted EPS of $1.92 in the third quarter, which represents an increase of 35% over the prior year’s results. Our strong third quarter financial results reflect the continued strength of the Reinforcement Materials segment despite some headwinds due to weather-related events, and a significant EBIT step up in the Performance Chemicals segment driven by improved volumes and product mix. In Performance Chemicals, it is encouraging to see that demand in strategic high value applications such as automotive and semiconductors rebounded to more normalized levels after a very prolonged de-stocking period, and that our products into strategic infrastructure applications continue to build momentum.”