Education
About Us
Working with TipRanks
Follow Us
Cabot Corporation (CBT)
NYSE:CBT
Earnings Data
Report Date
May 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.47Last Year’s EPS
1.9Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: strong cash generation, disciplined capital allocation, meaningful cost savings, and high-growth momentum in Battery Materials (39% revenue growth, 22% EBITDA margin TTM, plus a strategic PowerCo agreement) are clear positives. These were offset by significant near-term challenges in Reinforcement Materials — notably a 22% EBIT decline, volumes down 7% (Americas -15%), 7%–9% pricing declines in Western regions, and expected Q2 EBIT headwinds. Management is taking active cost, capacity and capital measures to mitigate weakness and is targeting FY2026 EPS of $6.00–$6.50. Given the material operational headwinds in the core Reinforcement Materials business but offsetting strong cash flow and a clear growth trajectory in Battery Materials, the call’s tone is mixed but constructive.Company Guidance
Adjusted EPS and Guidance
Adjusted EPS of $1.53 in Q1; company narrowed full-year FY2026 adjusted EPS guidance to $6.00–$6.50, reflecting finalized Reinforcement Materials customer agreements and inclusion of new assets.
Strong Cash Generation and Liquidity
Operating cash flow of $126 million and discretionary free cash flow of $71 million in the quarter. Cash balance of $230 million and total liquidity of approximately $1.4 billion. Net debt of $1.1 billion with net debt-to-EBITDA of 1.2x.
Shareholder Returns
Returned cash to shareholders in the quarter via $24 million of dividends and $52 million of share repurchases (total $76 million).
Battery Materials Momentum
Battery Materials revenue grew 39% year-over-year in Q1. EBITDA margins in the product line run at ~22% on a trailing 12-month basis. Signed a strategic multiyear supply agreement with PowerCo (Volkswagen subsidiary) to support gigafactory build-out — viewed as a material long-term growth opportunity.
Performance Chemicals Improvement
Performance Chemicals segment EBIT increased (management cited a 7% improvement YoY; CFO reported an absolute EBIT increase of $3 million). Improvement driven by better product mix, higher gross profit per ton, and ongoing optimization and cost reduction efforts.
Cost Savings and Efficiency Programs
Delivered $50 million of cost savings in FY2025 and targeting an additional $30 million of cost reductions in FY2026 via procurement, headcount reductions in Reinforcement Materials, and accelerated technology deployment to improve yields and efficiency.
CapEx Discipline
Expect full-year FY2026 capital expenditures of $200–$230 million; management expects midpoint to be approximately $60 million lower than 2025 actuals to support stronger free cash flow while still funding strategic growth.
CBT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CBT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $71.29 | $78.73 | +10.44% |
Nov 03, 2025 | $65.44 | $60.81 | -7.08% |
Aug 04, 2025 | $72.79 | $79.10 | +8.67% |
May 05, 2025 | $76.07 | $71.13 | -6.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cabot Corporation (CBT) report earnings?
Cabot Corporation (CBT) is schdueled to report earning on May 11, 2026, After Close (Confirmed).
What is Cabot Corporation (CBT) earnings time?
Cabot Corporation (CBT) earnings time is at May 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CBT EPS forecast?
CBT EPS forecast for the fiscal quarter 2026 (Q2) is 1.47.