Last $54.20 USD
Change Today +0.21 / 0.39%
Volume 258.6K
CBT On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 4:15 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

cabot corp (CBT) Snapshot

Open
$53.97
Previous Close
$53.99
Day High
$54.22
Day Low
$53.88
52 Week High
05/13/14 - $61.46
52 Week Low
09/3/13 - $39.14
Market Cap
3.5B
Average Volume 10 Days
307.5K
EPS TTM
$4.31
Shares Outstanding
64.6M
EX-Date
08/27/14
P/E TM
12.6x
Dividend
$0.88
Dividend Yield
1.55%
Current Stock Chart for CABOT CORP (CBT)

cabot corp (CBT) Related Businessweek News

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cabot corp (CBT) Details

Cabot Corporation operates as a specialty chemicals and performance materials company. The company offers carbon black, a form of elemental carbon used to enhance the physical properties of the systems and applications in which it is incorporated; and rubber blacks for use as a rubber reinforcing agent and performance additive in tires, hoses, belts, extruded profiles, and molded goods. It also designs, manufactures, and sells specialty grades of carbon black and thermoplastic concentrates and compounds; and fumed silica, fumed alumina, and dispersions for automotive, construction and infrastructure, and electronics and consumer products sectors. In addition, the company manufactures and sells aqueous inkjet colorants to the inkjet printing market; and aerogel, a hydrophobic, silica-based particle for use in various thermal insulation and specialty chemical applications. Further, it offers covert taggant, an invisible marker that are added to products to determine their authenticity in anti-counterfeiting security applications, such as brand security, currency, tax stamps, identification, and fuel markers; elastomer composite products that are compounds of natural latex rubber and carbon black primarily for tire applications; and cesium formate, a drilling and completion fluid for use in high pressure and high temperature oil and gas well construction. Additionally, Cabot Corporation produces and markets activated carbon product used for the purification of water, air, food and beverages, pharmaceuticals, and other liquids and gases; as a chemical carrier; and as a colorant or a decolorizing agent. The company sells its products primarily through distributors and sales representatives in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Cabot Corporation was founded in 1882 and is headquartered in Boston, Massachusetts.

cabot corp (CBT) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $990.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $476.3K
Executive Vice President and President of Rei...
Total Annual Compensation: $392.5K
Senior Vice President and President of Perfor...
Total Annual Compensation: $377.5K
Senior Vice President and General Counsel
Total Annual Compensation: $367.5K
Compensation as of Fiscal Year 2013.

cabot corp (CBT) Key Developments

Cabot Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Provides Financial Guidance for Fiscal 2014 and 2015

Cabot Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, net sales and other operating revenues were $940 million against $901 million a year ago. Income from operations was $93 million against $87 million a year ago. Income from continuing operations before income taxes and equity in earnings of affiliated companies was $80 million against $74 million a year ago. Income from continuing operations was $58 million against $61 million a year ago. Net income attributable to company was $52 million, $0.78 per diluted common share against $59 million, $0.90 per diluted common share a year ago. Diluted earnings per share of common stock attributable to company from continuing operations were $0.79 against $0.87 a year ago. Adjusted EPS was $0.88 compared to $0.84 a year ago. Cash provided by operating activities was $116 million against $138 million a year ago. Additions to property, plant and equipment was $45 million against $68 million a year ago. During the third quarter, the company generated adjusted EBITDA of $145 million and reduced net working capital by $6 million. Net debt for the third quarter was at $1.06 billion which is quite a substantial reduction from September of 2013. The company used $45 million of cash for capital expenditures. For the nine months, net sales and other operating revenues were $2,736 million against $2,560 million a year ago. Income from operations was $248 million against $194 million a year ago. Income from continuing operations before income taxes and equity in earnings of affiliated companies was $237 million against $154 million a year ago. Income from continuing operations was $184 million against $111 million a year ago. Net income attributable to company was $168 million, $2.55 per diluted common share against $106 million, $1.63 per diluted common share a year ago. Diluted earnings per share of common stock attributable to company from continuing operations were $2.58 against $1.65 a year ago. Adjusted EPS was $2.58 compared to $2.15 a year ago. Cash provided by operating activities was $185 million against $142 million a year ago. Additions to property, plant and equipment was $115 million against $195 million a year ago. The company is anticipating an operating tax rate of 27% for fiscal 2014, and expects capital expenditures to be in the range of $175 million to $200 million. For fiscal 2014 the company is on track to continue to improve EBITDA at compound annual growth rate of 10%. The company targets $5 earnings per share for 2015.

Cabot Corporation Presents at Jefferies 2014 Global Industrials Conference, Aug-13-2014 03:00 PM

Cabot Corporation Presents at Jefferies 2014 Global Industrials Conference, Aug-13-2014 03:00 PM. Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States. Speakers: Eduardo E. Cordeiro, Chief Financial Officer and Executive Vice President.

Cabot Corporation Declares Quarterly Dividend, Payable on September 12, 2014

On July 9, 2014, the Board of Directors of Cabot Corporation declared a quarterly dividend of $0.22 per share on all outstanding shares of the Corporation's common stock. The dividend is payable on September 12, 2014, to stockholders of record at the close of business on August 29, 2014.

 

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