Cabot Non-GAAP EPS of $1.65 beats by $0.17, revenue of $965M misses by $26.52M

  • Cabot press release (NYSE:CBT): Q4 Non-GAAP EPS of $1.65 beats by $0.17.
  • Revenue of $965M (-13.1% Y/Y) misses by $26.52M.
  • Outlook: Commenting on the outlook for the Company, Keohane said, “Looking ahead to fiscal 2024, we expect the macro-economic environment to remain challenging, particularly in the near-term. Despite this challenging environment, we expect fiscal year 2024 adjusted earnings per share to be in the range of $6.30 to $6.80, driven by continued growth in our Reinforcement Materials segment. In addition, we anticipate strong operating cash flow driven by robust EBITDA assuming constant feedstock costs.”.

Harry Byrne

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