Last $45.60 USD
Change Today +0.09 / 0.20%
Volume 358.5K
CBT On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

cabot corp (CBT) Snapshot

Open
$45.33
Previous Close
$45.51
Day High
$45.73
Day Low
$45.17
52 Week High
05/13/14 - $61.46
52 Week Low
12/12/14 - $39.41
Market Cap
2.9B
Average Volume 10 Days
353.6K
EPS TTM
$2.67
Shares Outstanding
63.7M
EX-Date
02/25/15
P/E TM
17.1x
Dividend
$0.88
Dividend Yield
1.93%
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 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.

4,737 Employees
Last Reported Date: 11/26/14
Founded in 1882

cabot corp (CBT) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.0M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $502.5K
Executive Vice President and President of Rei...
Total Annual Compensation: $395.0K
Senior Vice President and General Counsel
Total Annual Compensation: $377.5K
Compensation as of Fiscal Year 2014.

cabot corp (CBT) Key Developments

Cabot Corporation Announces Unaudited Consolidated Earnings Results for First Quarter Ended December 31, 2014 ; Provides Financial Guidance for the Fiscal Year 2015

Cabot Corporation announced unaudited consolidated earnings results for first quarter ended December 31, 2014. For the quarter, the company reported net sales and other operating revenues of $812 million, income from operations of $64 million, income from continuing operations before income taxes and equity in earnings of affiliated companies of $51 million, income from continuing operations of $49 million or $0.69 per diluted share, net income attributable to company of $45 million or $0.69 per diluted share, cash provided by operating activities of $56 million, additions to property, plant and equipment of $41 million compared to the net sales and other operating revenues of $898 million, income from operations of $87 million, income from continuing operations before income taxes and equity in earnings of affiliated companies of $109 million, income from continuing operations of $87 million or $1.24 per diluted share, net income attributable to company of $80 million or $1.23 per diluted share, net cash used in operating activities of $18 million, additions to property, plant and equipment of $42 million for the same quarter a year ago. During the first quarter, the company generated $133 million of adjusted EBITDA. EBIT was $6 million lower than fourth quarter of fiscal 2014, primarily due to 6% lower volumes. The volume decline was driven by customer inventory destocking, primarily in China; and seasonally weaker demand in Europe and the Americas. The company anticipated increased volumes in the second half of fiscal year 2015 in the Purification Solutions and Performance Chemicals segments. The company will continue to apply cost reduction measures, implement operational improvements, and company have reduced expected capital expenditures for fiscal 2015. The company anticipated strong cash flows due to the benefit of lower oil prices on net working capital, which will allow to remain flexible with regard to share repurchases given the increased authorization that has been put in place. It anticipates operating tax rate for fiscal 2015 to be between 27% and 29%.

Cabot Corporation Wins Two New Contracts for Mercury Removal

Cabot Corporation announced that it has been awarded contracts by two U.S. utilities to supply its DARCO Hg family of activated carbon products to remove mercury from the flue gas of coal-fired power plants in the Midwest. In order to meet stringent federal regulations for mercury emissions in the United States, Cabot expects to provide the utilities with approximately 40 million pounds of activated carbon over the next three years. The agreements cover multiple Cabot DARCO activated carbon products and have varying terms, with one through 2017. These industry benchmark products have demonstrated to be highly effective in numerous full scale operating facilities, and enable customers to meet stringent mercury emission limits across a variety of fuels and unit configurations. These agreements will provide a key material to the utilities as they reduce mercury emissions to comply with the U.S. Environmental Protection Agency's (EPA) Mercury and Air Toxic Standards (MATS) rule. The MATS regulation requires that coal-fired power plants in the U.S. remove approximately 90% of mercury from their emissions by April 2015. Compliance with MATS is expected to boost demand for activated carbon by electric utilities. Based on the demonstrated success of Cabot's current customer base along with numerous Department of Energy and EPA-sponsored tests and customer trials, Cabot's DARCO Hg family of products has proven to be highly effective in achieving mercury removal levels compliant with MATS. Cabot's DARCO Hg family of products for mercury control has currently been selected for use in over 80 units throughout the United States and Canada. The utilities chose Cabot products based on their proven ability to enable utilities to meet or exceed mercury removal levels compliant with MATS and their respective state regulations. In addition, Cabot is the only activated carbon manufacturer with multiple manufacturing sites dedicated to this market in North America, providing customers with a consistent source of supply and supply chain reliability. Cabot offers a full range of activated carbon services including rental systems, carbon reactivation, bulk delivery and change-out, carbon evaluation, as well as technical service and support to help customers meet their specific purification needs.

Cabot Corporation Announces Retirement of John S. Clarkeson from the Board of Directors, Effective from March 12, 2015

In accordance with Cabot Corporations retirement policy for non-employee directors, John S. Clarkeson will be retiring from the Board of Directors of Cabot, effective at Cabots Annual Meeting of Stockholders to be held on March 12, 2015. Mr. Clarkeson has served as a Director of Cabot since 1998.

 

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CBT

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Valuation CBT Industry Range
Price/Earnings 18.5x
Price/Sales 0.8x
Price/Book 1.6x
Price/Cash Flow 17.7x
TEV/Sales 0.4x
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