Associated tags: Carbon, Corporation, Cabot Corporation, Chemicals, Manufacturing, Plastics, NYSE, Cabot, Environment, Engineering
Locations: AMERICAS, MIDDLE EAST, BELGIUM, UNITED STATES, NORTH AMERICA, MASSACHUSETTS, CABOT
Performance Chemicals – Second quarter fiscal 2024 EBIT in Performance Chemicals increased by $3 million compared to the second quarter of fiscal 2023 primarily due to 6% higher volumes.
Key Points:
- Performance Chemicals – Second quarter fiscal 2024 EBIT in Performance Chemicals increased by $3 million compared to the second quarter of fiscal 2023 primarily due to 6% higher volumes.
- Cash Performance – The Company ended the second quarter of fiscal 2024 with a cash balance of $206 million.
- During the second quarter of fiscal 2024, cash flows from operating activities were a source of $176 million.
- Capital expenditures for the second quarter of fiscal 2024 were $43 million.
On Monday, May 6, 2024, the Board of Directors of Cabot Corporation (NYSE: CBT) declared a quarterly dividend of $0.43 per share, an increase of 8% compared to the current quarterly dividend of $0.40 per share, on all outstanding shares of the Corporation’s common stock.
Key Points:
- On Monday, May 6, 2024, the Board of Directors of Cabot Corporation (NYSE: CBT) declared a quarterly dividend of $0.43 per share, an increase of 8% compared to the current quarterly dividend of $0.40 per share, on all outstanding shares of the Corporation’s common stock.
- The dividend is payable on June 14, 2024, to stockholders of record at the close of business on May 31, 2024.
- “Since 1968, we have remained committed to a continuous and growing dividend,” said Sean Keohane, President, and Chief Executive Officer of Cabot Corporation.
- “The dividend increase reflects our positive long-term view on our underlying business fundamentals and the Board’s confidence in our ability to generate strong cash flows to fund high-growth investments and return cash to shareholders.”
On an annualized basis, the new dividend rate is $1.72 per share versus $1.60 per share, previously.
Other Manufacturing,
Technology,
Other Energy,
Transport,
Utilities,
Chemicals,
Plastics,
Other Technology,
Manufacturing,
Energy,
Logistics,
Supply Chain Management,
Carbon,
Proton,
Hydrogen,
University,
DOE,
Innovation,
United,
Corporation,
Cabot Corporation,
Roadmap,
Electricity,
Research,
Water,
Engineering,
Medium,
Recycling,
Renewable energy Cabot Corporation (NYSE: CBT) announced that the U.S. Department of Energy (DOE), under the Bipartisan Infrastructure Law, selected its application for a $5 million research grant.
Key Points:
- Cabot Corporation (NYSE: CBT) announced that the U.S. Department of Energy (DOE), under the Bipartisan Infrastructure Law, selected its application for a $5 million research grant.
- This grant will be used by Cabot and its partners to support the deployment of fuel cells, which emit only water when creating electricity.
- The transition to electric in the worldwide mobility landscape is significantly supported by fuel cells, especially in the electrification of long-distance transportation.
- This technology will support and accelerate the establishment of a domestic catalyst supply chain, by providing a reliable source of high-performance carbon catalyst support.
Cabot Corporation (NYSE: CBT) announced today that it will release operating results for the second quarter of fiscal 2024 on Monday, May 6, 2024, after market close.
Key Points:
- Cabot Corporation (NYSE: CBT) announced today that it will release operating results for the second quarter of fiscal 2024 on Monday, May 6, 2024, after market close.
- The Company will host a conference call and live webcast to review the second quarter results beginning at 8:00 am (ET) on Tuesday, May 7, 2024.
- The call will be webcast by Notified and may be accessed at Cabot’s website at https://cabotog.gcs-web.com/ .
- If you are unable to participate during the live webcast, the call and accompanying slide presentation will be archived on the Company’s website at https://cabotog.gcs-web.com/ .
Engineering,
Chemicals,
Plastics,
Automotive,
Automotive Manufacturing,
General Automotive,
Tires & Rubber,
Manufacturing,
Innovation,
Table tennis rubber,
Corporation,
Carbon,
OTR,
E2C,
TBR,
Cabot Corporation,
Tire manufacturing Cabot Corporation (NYSE: CBT) has won the Tire Technology International 2024 Awards for Innovation and Excellence in the “Chemicals and Compounding Innovation of the Year” category for its E2C DX9660 engineered elastomer composite.
Key Points:
- Cabot Corporation (NYSE: CBT) has won the Tire Technology International 2024 Awards for Innovation and Excellence in the “Chemicals and Compounding Innovation of the Year” category for its E2C DX9660 engineered elastomer composite.
- The Tire Technology International Awards for Innovation and Excellence award celebrates recent advances in tire technology and progress toward a greener and more sustainable industry.
- The Tire Technology International Awards for Innovation and Excellence celebrate the very best innovations and achievements across the tire industry during the last 12 months.
- Comprised of 13 categories, the awards were coordinated by Tire Technology International magazine and officiated by a panel of international journalists and industry experts.
Environment,
Alternative Vehicles,
Fuels,
EV,
Electric Vehicles,
Aftermarket,
Automotive,
Chemicals,
Plastics,
Automotive Manufacturing,
Manufacturing,
Sustainability,
EVS,
E7,
Corporation,
ASTM,
PROPEL,
E6,
ICE,
Carbon,
Torque,
Cabot Corporation,
Tire manufacturing Cabot Corporation (NYSE: CBT) today announced the global launch of its new PROPEL® E8 engineered reinforcing carbon black designed to provide superior tread durability at low rolling resistance for high-performance tire tread applications.
Key Points:
- Cabot Corporation (NYSE: CBT) today announced the global launch of its new PROPEL® E8 engineered reinforcing carbon black designed to provide superior tread durability at low rolling resistance for high-performance tire tread applications.
- The PROPEL E8 grade complements Cabot’s existing solutions within the PROPEL E series, which are also suitable for use in high-performance tires.
- The PROPEL E8 solution enables better rolling resistance when compared to ASTM N200 and N100 carbon black grades.
- For more information about Cabot’s comprehensive suite of products for EV tires and high-performance tire tread applications, visit cabotcorp.com/tire .
Performance Chemicals – First quarter fiscal 2024 EBIT in Performance Chemicals increased by $5 million compared to the first quarter of fiscal 2023 primarily due to 10% higher volumes.
Key Points:
- Performance Chemicals – First quarter fiscal 2024 EBIT in Performance Chemicals increased by $5 million compared to the first quarter of fiscal 2023 primarily due to 10% higher volumes.
- Cash Performance – The Company ended the first quarter of fiscal 2024 with a cash balance of $244 million.
- During the first quarter of fiscal 2024, cash flows from operating activities were a source of $105 million.
- The operating tax rate in the first quarter of fiscal 2024 was 28%, which reflected $4 million of non-GAAP tax adjustments.
On Friday, January 12, 2024, the Board of Directors of Cabot Corporation (NYSE:CBT) declared a quarterly dividend of $0.40 per share on all outstanding shares of the Corporation’s common stock.
Key Points:
- On Friday, January 12, 2024, the Board of Directors of Cabot Corporation (NYSE:CBT) declared a quarterly dividend of $0.40 per share on all outstanding shares of the Corporation’s common stock.
- The dividend is payable on March 8, 2024, to stockholders of record at the close of business on February 23, 2024.
Cabot Corporation (NYSE: CBT) announced today that it will release operating results for the first quarter of fiscal 2024 on Monday, February 5, 2024, after market close.
Key Points:
- Cabot Corporation (NYSE: CBT) announced today that it will release operating results for the first quarter of fiscal 2024 on Monday, February 5, 2024, after market close.
- The Company will host a conference call and live webcast to review the first quarter results beginning at 8:00 am (ET) on Tuesday, February 6, 2024.
- The call will be webcast by Notified and may be accessed at Cabot’s website at https://cabotog.gcs-web.com/ .
- If you are unable to participate during the live webcast, the call and accompanying slide presentation will be archived on the Company’s website at https://cabotog.gcs-web.com/ .
Retrieved on:
Thursday, December 7, 2023
Professional Services,
Chemicals,
Plastics,
Environmental, Social and Governance (ESG),
Environment,
Manufacturing,
Sustainability,
Cabot Corporation,
Perception,
Carbon,
NYSE,
Corporation,
KPI-driven code analysis,
Social responsibility,
Culture,
United Nations Global Compact,
KPI,
Sustainability reporting,
Corporate social responsibility,
Partnership,
ESG,
Renewable energy,
Newsweek Cabot Corporation (NYSE: CBT) today announced it has been recognized by Newsweek as one of America’s Most Responsible Companies 2024.
Key Points:
- Cabot Corporation (NYSE: CBT) today announced it has been recognized by Newsweek as one of America’s Most Responsible Companies 2024.
- This is the fifth consecutive year that Cabot has made this prestigious list, which recognizes its commitment to social responsibility performance in the three areas of environment, social and corporate governance (ESG).
- “We are honored to be named to Newsweek’s America’s Most Responsible Companies list for the fifth consecutive year,” said Sean Keohane, president and CEO.
- “At Cabot, our purpose is to create materials that improve daily life and enable a more sustainable future.
