Cabot Reports Lower Net Profits; Higher Prices Boost Ebit and Sales

Cabot says net income in its fiscal first quarter ended December 31, 2011 was $46 million, 39% lower than the $75 million reported in the same quarter of fiscal 2011. The net profit figure includes a $16-million income tax provision. Earnings per share (EPS) in the first quarter of fiscal 2012 were 71 cts, down from $1.13 in the same quarter of the previous year. Cabot's EPS for the first quarter included a 16 cts/share benefit from discontinued operations, primarily associated with the sale of the supermetals business in January. The EPS figure also includes 6...

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