Earnings Releases·Nov 2, 2026, 5:07 PM ET

Cabot Corporation — Fourth Quarter and Fiscal Year 2026 Earnings Summary

**Financial Results:** Q4 2026 net sales rose 12% to $1,009 million and diluted EPS increased to $1.25 from $0.79; however, full-year 2026 net sales grew only 1% to $3,744 million while diluted EPS fell 33% to $4.02 from $6.02, driven by lower net income ($213M vs. $331M) and reduced operating cash flow ($421M vs. $665M).
**Capital Allocation & Balance Sheet:** The company returned $243 million to shareholders in fiscal 2026 via $146 million in share repurchases and $97 million in dividends, maintaining a net debt to EBITDA ratio of 1.4 times with $1.5 billion in available liquidity.
**Segment Performance:** The Performance Chemicals segment improved with EBIT rising to $235 million, while Reinforcement Materials EBIT declined to $379 million; Battery Materials achieved a record $43 million in EBITDA and secured a $50 million U.S. Department of Energy grant for domestic expansion.
**2027 Outlook:** Management guides fiscal 2027 adjusted EPS between $6.15 and $6.75 with an operating tax rate of 28% to 30%, anticipating volume growth in battery materials and electronics while managing volatile energy costs and completing restructuring actions.