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Stock Market & Financial Investment News

News Breaks
May 23, 2014
08:39 EDTCBTCabot reports preliminary results of China carbon antidumpting duty order
Cabot reported that the U.S. Department of Commerce has announced the preliminary results of its sixth annual administrative review of the antidumping duty order on imports of steam activated carbon from the People’s Republic of China. The preliminary margins are significantly higher than the previous rates for imports from Chinese producers of steam activated carbon entering the U.S. The preliminary margins calculated by the DOC range from $2.05/kg to $3.77/kg and apply to steam activated carbon that entered the U.S. between April 1, 2012 and March 31, 2013. Final antidumping margins in connection with this review are subject to change and vary depending on the manufacturer. The antidumping order went into effect on April 27, 2007, and was extended in early 2013 for an additional five years in connection with a sunset review proceeding. As a result, the order will remain in place until at least 2017, when a second sunset review proceeding will be undertaken.
News For CBT From The Last 14 Days
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October 29, 2014
14:55 EDTCBTCabot sees modest level of global growth in 2015
Sees 1Q15 volumes in Performance Materials segment lower sequentially. Says "not highly optimistic" about environment for 2015. Comments from Q4 earnings conference call.
14:03 EDTCBTCabot sees FY15 CapEx $200M-$250M
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October 28, 2014
16:37 EDTCBTCabot says uncertain global macroeconomic conditions continue
Cabot said, "As we look ahead, we continue to see uncertain global macroeconomic conditions. These include weak economic conditions in South America and Europe, slowing growth in China, and the weakening of various foreign currencies against the U.S. dollar. On the positive side, we expect to see strong volumes in the second half of our fiscal year in Purification Solutions as coal-fired utilities begin to comply with mercury removal regulations in the U.S. We will leverage our global reach and industry-leading positions in order to offset these macroeconomic conditions and continue to deliver value to our shareholders in 2015."
16:37 EDTCBTCabot reports Q4 adjusted EPS 85c, consensus 83c
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09:02 EDTCBTCabot awarded two contracts for mercury removal
Cabot announced that it has entered into two new contracts to provide its DARCO Hg family of activated carbon products to energy utilities with customers in Arkansas, Louisiana, Mississippi, Missouri and Texas. In order to meet stringent federal regulations for mercury emissions in the U.S. Cabot expects to provide the utilities with approximately 25M pounds of activated carbon over the next three years. These agreements will provide a key material to the utilities as they reduce mercury emissions to comply with the U.S. Environmental Protection Agency’s Mercury and Air Toxic Standards rule. Effective immediately, Cabot will supply DARCO Hg-H and DARCO Hg-LH powdered activated carbon across multiple sites to satisfy 100% of both utilities’ requirements for activated carbon.

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