Nokian Tyres plc Interim Report January–March 2025: Strong Sales Growth in All Regions
January–March 2025 Net sales were EUR 269.5 million (January–March 2024:…
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Cabot Corporation (NYSE: CBT) today announced results for its second quarter of fiscal year 2025.
Key Highlights
(In millions, except per share amounts) | Three Months Ended | Six Months Ended | |||||||||||
3/31/25 | 3/31/24 | 3/31/25 | 3/31/24 | ||||||||||
Net sales and other operating revenues | $ | 936 | $ | 1,019 | $ | 1,891 | $ | 1,977 | |||||
Net income (loss) attributable to Cabot Corporation | $ | 94 | $ | 84 | $ | 187 | $ | 134 | |||||
Net earnings (loss) per share attributable to Cabot Corporation | $ | 1.69 | $ | 1.49 | $ | 3.36 | $ | 2.37 | |||||
Less: Certain items after tax per share | $ | (0.21) | $ | (0.29) | $ | (0.30) | $ | (0.96) | |||||
Adjusted EPS | $ | 1.90 | $ | 1.78 | $ | 3.66 | $ | 3.33 | |||||
Sean Keohane, Cabot President and Chief Executive Officer commented: “I am pleased with our second quarter financial performance where we delivered Adjusted Earnings Per Share of $1.90 which was up 7% compared to the second quarter of fiscal 2024. Our business segments performed in line with our expectations. Reinforcement Materials delivered EBIT of $131 million, which was down 12% year over year from a weaker global demand environment. EBIT in the Performance Chemicals segment increased by 61% year over year driven by higher volumes, particularly in our fumed metal oxides product line related to construction and semiconductor applications as sales volumes reconnected to underlying demand drivers.”
Keohane continued, “The Cabot team demonstrated operational excellence and agility in a challenging market environment. We remain focused on driving commercial excellence and proactively managing our cost structure. We continue to execute our long-term strategic plan and optimize across our portfolio.”
Financial Detail For the second quarter of fiscal 2025, net income attributable to Cabot Corporation was $94 million ($1.69 per diluted common share). Net income reflects an after-tax per share charge from certain items of $0.21. Adjusted EPS for the second quarter of fiscal 2025 was $1.90 per share.
Segment Results
Reinforcement Materials – Second quarter fiscal 2025 EBIT in Reinforcement Materials decreased …
Source: Cabot
Tire and Rubber Association of Canada
5409 Eglinton Ave W, Suite 208
Etobicoke, ON M9C 5K6
Tel: (437) 880-8420
Email: [email protected]