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Cabot Corp Reports Third Quarter Fiscal 2019 Results

Nachrichtenquelle: Business Wire (engl.)
06.08.2019, 00:13  |  860   |   |   

Cabot Corporation (NYSE: CBT) today announced results for its third quarter of fiscal year 2019.

Key Highlights

Strong quarterly Reinforcement Materials performance with an $11 million sequential improvement in EBIT

Continued benefits from our calendar year 2019 tire customer agreements

Volumes and product mix across Reinforcement Materials and Performance Chemicals impacted by continued soft automotive production and the challenging business environment in China

Fumed silica plant in Wuhai, China commissioned in the quarter

Completed divestiture of Specialty Fluids business for $135 million

(In millions, except per share amounts)

Three Months Ended

Nine Months Ended

 

6/30/19

6/30/18

6/30/19

6/30/18

 

Net sales

$

845

 

$

854

$

2,510

 

$

2,392

 

Net income (loss) attributable to Cabot Corporation

$

32

 

$

88

$

124

 

$

(207

)

 

 

 

 

 

 

Net earnings (loss) per share attributable to Cabot Corporation

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