cabot corp (CBT) Snapshot

has developed two new treated colloidal silica particles for use as external additives in electrophotographic toner applications. Cabot's new CAB-O-SIL(TM) TG-C110 and CAB-O-SIL(TM) TG-C191 products are specifically designed to maintain image density over long print runs as well as improve image quality. Fumed silica additives have long been used to control the triboelectric charging and free-flow performance of toner used in laser printers and copiers. New electrophotography systems utilize softer toners that enable fusing at lower temperatures for higher speed printing and increased energy efficiency. However, these new toners require new types of additives to act as spacers between toner particles in order to improve the durability of the toner. Specifically, the TG-C110 product is a hexamethyldisilazane (HMDZ) treated spacer that delivers enhanced print durability and reliable free-flow performance. The TG-C191 product is an alkylsilane-treated high-performance spacer particle that delivers outstanding humidity resistance in addition to excellent print durability and free-flow capabilities. All of Cabot's colloidal silica particles feature a narrower particle size distribution than fumed silica alternatives, providing customers with more efficient spacer performance and more uniform charging that enables fewer print defects.

On May 9, 2013, the Board of Directors of Cabot Corporation declared a quarterly dividend of $0.20 per share on all outstanding shares of the Corporation's common stock. The dividend is payable on June 14, 2013, to stockholders of record at the close of business on May 31, 2013.

Cabot Corporation reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2013. For the quarter, the company reported net sales and other operating revenues of $842 million against $844 million for the same period last year. Income from operations was $49 million against $87 million for the same period last year. Income from continuing operations before income taxes and equity in net earnings of affiliated companies was $36 million against $76 million for the same period last year. Income from continuing operations was $23 million or $0.42 per diluted share against $56 million or $0.78 per diluted share for the same period last year. Net income attributable to the company was $27 million or $0.42 per diluted share against $240 million or $3.70 per diluted share for the same period last year. Adjusted EPS was $0.63 against $0.96 for the same period last year. The Company spent $64 million on capital expenditures. During the second quarter of 2013, EBIT for Reinforcement Materials decreased by $31 million as compared to the second quarter of 2012. The decrease in profitability was driven principally by 9% lower volumes and lower pricing in China and Europe. These impacts were partially offset by higher pricing in North America that commenced in January. Sequentially, EBIT decreased $9 million driven by the Japanese plant disruption, which unfavorably impacted the quarter by $8 million and lower pricing in Europe. These effects were partially offset by higher pricing in North America and 1% higher volumes, excluding the volume impact from the plant disruption in Japan. For six months, the company reported net sales and other operating revenues of $1,662 million against $1,606 million for the same period last year. Income from operations was $104 million against $148 million for the same period last year. Income from continuing operations before income taxes and equity in net earnings of affiliated companies was $77 million against $131 million for the same period last year. Income from continuing operations was $48 million or $0.75 per diluted share against $96 million or $1.33 per diluted share for the same period last year. Net income attributable to the company was $47 million or $0.73 per diluted share against $286 million or $4.41 per diluted share for the same period last year. Adjusted EPS was $1.29 against $1.59 for the same period last year. The company is now halfway through its three-year plan to achieve adjusted EPS target of $5.00 in fiscal 2014. The company expects to spend between $250 million and $275 million in fiscal 2013.