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People & Business :: Companies
Cabot Earnings Rise on Japan Recovery
11:30 AM MDT | July 27, 2011 | Vincent Valk
Cabot Corp. reported fiscal third-quarter net income of $62 milloin, up 32% from the same period last year, on sales of $883 million, up 17%. Adjusted EPS was $1.04/share, after accounting for a 9 cts/share restructuring charge, beating analysts' estimates of 88 cts/share, according to Thomson One. Earnings rose in all business segments, except specialty fluids. The earnings increase in rubber blacks was driven by recovery in Japan, which saw an 8% year-on-year rise in volumes and a 15% sequential rise in volumes. The company's supermetals and performance...
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