Cabot Earnings Rise 10%, Company Closes Acquisition of Norit

Cabot reported net income attributable to the company of $66 million for the quarter ended June 30, up 10% from the year-ago period. Reported adjusted earnings of $1.00/share were in line with analyst estimates as reported by Thomson Reuters (New York). Revenues rose 1%, to $846 million. Cabot also said today that it closed its $1.1-billion purchase of activated carbon marker Norit. “Our rubber blacks business continues to benefit from the implementation of our value pricing initiatives and our investments in yield and energy efficiency technology,”...

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