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Cabot Corp. (CBT) filed Quarterly Report for the period ended 2011-12-31.
Cabot Corp. has a market cap of $2.63 billion; its shares were traded at around $41.13 with a P/E ratio of 13.1 and P/S ratio of 0.8. The dividend yield of Cabot Corp. stocks is 1.7%.
This is the annual revenues and earnings per share of CBT over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of CBT.
Highlight of Business Operations:
Our gross profit in the first quarter of fiscal 2012 increased by $12 million when compared to the same period of fiscal 2011. The increase was principally driven by higher unit margins partially offset by lower volumes and higher fixed costs from the startup of new capacity.During fiscal 2011, we entered into an agreement to sell our Supermetals Business and, as such, have classified income from the Supermetals Business as Income from discontinued operations, net of tax. The $5 million decrease in Income from discontinued operations in the first quarter fiscal 2012 compared to the same period of the prior year was driven by a $4 million decrease in profitability of the Supermetals Business as a result of lower volumes and higher raw material costs which were partially offset by higher prices and more favorable product mix. The sale of the Supermetals Business was completed in January 2012. Additionally, the three months ended December 31, 2010 results of Income from discontinued operations, net of tax, included a $1 million benefit associated with a separate business divested in a prior years.
In the first quarter of fiscal 2012, sales in the Rubber Blacks Business increased by $51 million when compared to the first quarter of fiscal 2011. The increase was principally driven by higher prices and a favorable product mix (combined $81 million impact) and favorable foreign currency translation impacts ($9 million) partially offset by the effect of lower volumes ($39 million). Globally, volumes decreased by 9% in the first quarter of fiscal 2012 when compared to the first quarter of fiscal 2011. Regionally, volumes in North America decreased by 11%, South America decreased by 8%, Southeast Asia decreased by 15%, and the Europe, Middle East and Africa region decreased by 20%, while volumes in China and Japan increased by 1% and 2%, respectively.
In the first quarter of fiscal 2012, sales for the Performance Segment increased by $15 million when compared to the first quarter of fiscal 2011. The increase was principally driven by higher prices ($10 million), slightly higher total segment volumes ($2 million) and favorable foreign currency translation impact ($2 million). During the first quarter of fiscal 2012, volumes in Performance Products increased by 3% when compared to the same period of fiscal 2011, while Fumed Metal Oxides volumes decreased 10%.
During the first quarter of fiscal 2012, sales in the Specialty Fluids Segment decreased by $3 million and EBIT decreased $1 million when compared to the first quarter of fiscal 2011. The decrease in both sales and EBIT were due primarily to fewer completed jobs in the current quarter resulting in lower revenue from cesium formate product not returned.
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