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People & Business :: Earnings/Finance

Cabot reports sight sales increase due to Norit acquisition

10:06 AM MDT | October 31, 2012 | Lindsay Frost

Cabot says net earnings for the quarter ended 30 September fell 26%, to $37 million, including a charge primarily for restructuring- and acquisition-related expenses, the company says. Reported adjusted earnings per share of 75 cts/share edged analyst estimates of 73 cts/share, according to Thompson Reuters (New York). Sales were up to $848 million—a 2% increase. The company says the positive sales figures were due to new capacities in China, its acquisition of Norit—a purified solutions maker, and the divestiture of its tantalum business. ...

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