Cabot reports Q3 adjusted EPS $1.90, consensus $1.83

Reports Q3 revenue $923M, consensus $954.68M. Sean Keohane, Cabot (CBT) president and CEO commented: “Despite a challenging demand environment, I am pleased with our third quarter financial performance as we delivered Adjusted Earnings Per Share of $1.90. This strong financial performance is a testament to our team’s disciplined execution in a highly dynamic environment. We remain focused on managing pricing and costs and leveraging our global footprint to adeptly respond to uncertainty from tariffs and a weaker global macroeconomic environment. EBIT in our Reinforcement Materials segment declined $8 million, or 6%, and EBIT in our Performance Materials segment increased by $2 million, or 4%. Both segments continue to manage through a challenging demand environment through optimization and cost management efforts.”