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Cabot Corp Reports Second Quarter Fiscal 2021 Results

By   /  May 4, 2021  /  Comments Off on Cabot Corp Reports Second Quarter Fiscal 2021 Results

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BOSTON–()–Cabot Corporation (NYSE: CBT) today announced results for its second quarter of fiscal year 2021.

Key Highlights

  • GAAP EPS of $1.30, compared to a loss of $0.01 in the prior fiscal year second quarter. Record Adjusted EPS of $1.38, compared to $0.77 in the prior fiscal year second quarter
  • Second quarter EBIT in Reinforcement Materials increased 46% year over year to a record high of $89 million
  • Performance Chemicals EBIT increased by $27 million compared to the second quarter of fiscal 2020 to $58 million, driven by 11% higher volumes
  • Liquidity remains strong at approximately $1.3 billion; Debt to EBITDA ratio of 2.3 times as of March 31, 2021

(In millions, except per share amounts)

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