SCRUBBER-ADSORBER       

NEWSLETTER 

March 2013
No. 465

Cabot Reports First Quarter EPE of $0.31, Adjusted EPS of $0.66

Cabot Corp. announced results for its 1^st quarter of fiscal 2013.

Key Highlights:

• Total segment EBIT improves 11 percent year-over-year

• Purification Solutions adds $7 million EBIT in the 1^st quarter

• Specialty Fluids EBIT sequential decline of $11 million due to lower rental activity

• Royalties from Elastomer Composites licensing agreement with Michelin running through 2022

(In millions except per share amounts)	First Quarter
	2013	2012
Net sales	$  820	$  762
Net income attributable to Cabot Corp.	$    20	$    46
Net earnings per share attributable to Cabot Corp.	$ 0.31	$ 0.71
Less adjustments
Net (loss) income per share from discontinued operations   Certain items per share	$ (0.02) $ (0.33)	$ (0.08) $ (0.08)
Adjusted EPS	$  0.66	.63

 

 

 

 

 

Commenting on the results, Patrick Prevost, Cabot’s President and CEO, said, “The integration of Norit is going very well and we are pleased with our progress in this area.”

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