|
|
News Breaks
|
October 29, 2009
|
| 14:55 EDT |  | CBT |
| theflyonthewall.com: | Cabot CEO cautiously optimistic about pace of recovery | | Cabot (CBT) reported positive Q4 results which handily beat revenue and EPS estimates. It experienced sequential volume growth of 15%-30% in all business segments. However, FY09 volumes were 20%-30% lower than FY08 levels. The company’s restructuring plan came in ahead of schedule and below cost, which will lead to $80M in savings in FY10. They have heavily invested in emerging markets in recent years which is beginning to pay off as those areas are recovering faster than the U.S. The Asia Pacific region, and China specifically, is showing signs of strength. Cabot is targeting FY12 EPS of $3.00. CEO Patrick Prevost commented, "The recent improvement in demand over the past two quarters is very positive, however, we are cautiously optimistic about the pace of the recovery which we see occurring at a moderate rate." Comments are from Cabot’s Q4 earnings conference call. :theflyonthewall.com |
|
|
News For CBT From The Last 14 Days Check below for free stories on CBT the last two weeks.
There are 2 items on the Fly with pertinent information.
Sign up for a free trial to see the rest of the stories you've been missing. |
|
February 3, 2012
|
| 08:06 EDT |  | CBT |
| theflyonthewall.com: | Cabot coverage resumed with a Neutral at JP Morgan | | Target $43. :theflyonthewall.com |
|
|
February 1, 2012
|
| 16:28 EDT |  | CBT |
|
|
|
|
|
Subscribe for More Information