CABOT CORPORATION Reports Q3 Earnings for Fiscal Year 2023
August 22, 2023
🌥️Earnings Overview
On August 7 2023, CABOT CORPORATION ($NYSE:CBT) reported its fiscal year 2023 third quarter earnings, ending June 30 2023. Total revenue for the quarter was USD 968.0 million, a decrease of 15.8% from the same quarter of the previous year. Net income was also down 15.5%, amounting to USD 82.0 million.
Stock Price
On Monday, CABOT CORPORATION released their Q3 earnings report for the fiscal year 2023. The stock opened at $69.9 and closed at $69.3, representing a slight increase of 0.1% from the previous closing price of 69.3. CABOT CORPORATION also announced that it was investing in research and development to further drive growth and innovation. This included capital investments in new technologies, such as artificial intelligence and machine learning, as well as increased spending on research and development in areas such as product design and product testing.
Overall, CABOT CORPORATION is continuing to show positive signs of growth, with increased profits and investments in research and development. This bodes well for the company’s future and could lead to further increases in share price over time. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cabot Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 4.08k | 300 | 7.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cabot Corporation. More…
| Operations | Investing | Financing |
| 562 | -226 | -355 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cabot Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.39k | 2.12k | 20.22 |
Key Ratios Snapshot
Some of the financial key ratios for Cabot Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.6% | 46.8% | 13.2% |
| FCF Margin | ROE | ROA |
| 7.5% | 30.3% | 10.0% |
Analysis
At GoodWhale, we take a deep dive into the financials of CABOT CORPORATION to help you make a smart and informed investment decision. Based on our Risk Rating, CABOT CORPORATION is categorized as a medium risk investment in terms of financial and business aspects. We have detected one risk warning in the income sheet that you should investigate further. Register with us to get more detailed information about CABOT CORPORATION’s financials. More…
Peers
This includes Zeon Corp, DIC Corp, and Kureha Corp, all of which have their own unique strengths and capabilities that pose a direct challenge to Cabot Corp’s leadership position. All four companies are striving to stay ahead of the curve and secure a competitive advantage in the market.
– Zeon Corp ($TSE:4205)
Zeon Corp is a diversified chemical company specializing in chemicals, plastics and synthetic rubbers. It has a market capitalization of 267.99B as of 2022, making it one of the largest chemical companies in the world. It also has an impressive Return on Equity (ROE) of 8.33%, which is higher than the average for the industry. This suggests that the company is efficiently using its resources to generate profits, and is an attractive investment for shareholders. The company has a broad portfolio of products and services, ranging from industrial materials to consumer products, and is well-positioned to benefit from the growth in the chemical industry.
– DIC Corp ($TSE:4631)
DIC Corp is a Japanese chemical company specializing in the production of chemicals, plastics, pigments, and printing inks. As of 2022, the company had a market cap of 231.43B and a Return on Equity (ROE) of 6.52%. DIC Corp’s market cap is indicative of its strong financial performance, as it has been able to generate high returns for its shareholders over the past few years. The company’s ROE is also a measure of its profitability, which suggests that DIC Corp is able to generate profits from the investments it makes. The company has been able to consistently grow its revenue and profits over the years, further demonstrating its strong fundamentals.
– Kureha Corp ($TSE:4023)
Kureha Corp is a diversified chemical company based in Japan. It produces a variety of products including plastics, rubber, and specialty chemicals. With a market cap of 173.31B as of 2022, Kureha Corp is a well-established company that is financially sound. Its Return on Equity (ROE) of 7.94% indicates that the company is able to generate a return on its investments that is higher than the average of the industry. This demonstrates Kureha Corp’s financial strength and shows that the company is well-positioned to continue to succeed in the future.
Summary
Investors in CABOT CORPORATION should be aware of the company’s third quarter earnings results for 2023, which indicate a 15.8% decrease in total revenue and a 15.5% decline in net income year over year. Despite these declines, CABOT CORPORATION still managed to remain profitable in the third quarter. Investors should consider the current market conditions and trends in order to evaluate the potential future performance of this company. Overall, investors may want to research the stock further before making any decisions.
