Cabot Corporation Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 06, 2024 at 04:48 pm EDT
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Cabot Corporation reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was USD 1,019 million compared to USD 1,033 million a year ago. Net income was USD 84 million compared to USD 75 million a year ago. Diluted earnings per share from continuing operations was USD 1.49 compared to USD 1.29 a year ago.
For the six months, sales was USD 1,977 million compared to USD 1,998 million a year ago. Net income was USD 134 million compared to USD 129 million a year ago. Diluted earnings per share from continuing operations was USD 2.37 compared to USD 2.23 a year ago.
Cabot Corporation is a global specialty chemicals and performance materials company. The Company operates through two segments: Reinforcement Materials and Performance Chemicals. The Reinforcement Materials segment combines reinforcing carbons, engineered elastomer composites and EVOLVE Sustainable Solutions product. The reinforcing carbons products are used in tires and industrial products. In Performance Chemicals, it designs, manufacture and sell materials that deliver performance in a range of customer applications across the automotive, construction, infrastructure, inkjet printing, electronics, and consumer products sectors and in applications related to the generation, transmission and storage of energy. The Performance Chemicals segment combine specialty carbons, specialty compounds, battery materials, fumed metal oxides, aerogel and inkjet product lines. Its products include Carbon black, specialty carbons, battery materials, fumed silica, aerogel and inkjet colorants.
CABOT CORPORATION 
