People & Business :: Companies
Cabot Volumes Rise, Earnings Beat Estimates
3:50 PM MDT | April 28, 2010 | Vincent Valk
Cabot Corporation's earnings rose to $43 million, or 66 cts/share, on $752 million in sales, during the company's second-quarter, it announced today. Earnings beat analyst estimates of 44 cts/share, while volumes rose 30% to 40% from the same period last year. "Cabot's second quarter results confirm the momentum of demand recovery and robustness of our business across all segments," says CEO Patrick Prevost. Volumes rose 28% in the company's core rubber blacks segment, and 33% in its performance segment. Sales for those two segments totaled $453 million...
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