Cabot Corp 8-K, filed Nov 2, 2026

Cabot Corp (CBT)

8-K 2026-11-02 For: 2026-11-02

Added on November 02, 2026

About this 8-K

Cabot Corp filed this 8-K on November 2, 2026.

Cabot Corporation reported fiscal 2026 diluted EPS of $4.02 and Adjusted EPS of $6.42; fourth-quarter Adjusted EPS was $1.61. It expects fiscal 2027 Adjusted EPS of $6.15 to $6.75 and signed a $50 million U.S. Department of Energy grant. AI summary

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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Delaware	1-5667	04-2271897
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2 Seaport Lane, Suite 1400, Boston, MA		02210-2019
(Address of Principal Executive Offices)		(Zip Code)


	☐	Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

	☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

	☐	Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

	☐	Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $1 par value per share	CBT	New York Stock Exchange


Exhibit No.		Description

Exhibit 99.1**		Press release issued by Cabot Corporation on November 2, 2026

Exhibit 104*		Cover Page Interactive Data File (embedded within the Inline XBRL document)


(In millions, except per share amounts)	Three Months Ended		Fiscal Year Ended
	9/30/26	9/30/25	9/30/26	9/30/25

Net sales and other operating revenues	$ 1,009	$ 899	$ 3,744	$ 3,713
Net income (loss) attributable to Cabot Corporation	$ 66	$ 43	$ 213	$ 331


Net earnings (loss) per share attributable to Cabot Corporation	$ 1.25	$ 0.79	$ 4.02	$ 6.02
Less: Certain items after tax per share	$ (0.36)	$ (0.91)	$ (2.40)	$ (1.23)
Adjusted EPS	$ 1.61	$ 1.70	$ 6.42	$ 7.25


	Fourth Quarter Year-over-Year Change
Global Reinforcement Materials Volumes	5%
Asia Pacific	10%
Europe, Middle East, Africa	(7%)
Americas	3%



CABOT CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS


Periods ended September 30		Three Months						Twelve Months
Dollars in millions, except per share amounts (unaudited)		2026			2025			2026			2025

Net sales and other operating revenues...............................................................		$	1,009		$	899		$	3,744		$	3,713
Cost of sales....................................................................................................			805			679			2,935			2,773
Gross profit..................................................................................................			204			220			809			940
Selling and administrative expenses....................................................................			69			68			278			260
Research and technical expenses......................................................................			14			15			54			59
Income (loss) from operations....................................................................			121			137			477			621
Interest and dividend income..............................................................................			7			7			29			27
Interest expense...............................................................................................			(21	)		(20	)		(75	)		(76	)
Other income (expense).....................................................................................			3			(9	)		(25	)		(7	)
Income (loss) from operations before income taxes and equity in
	earnings of affiliated companies		110			115			406			565
(Provision) benefit for income taxes.....................................................................			(38	)		(63	)		(165	)		(196	)
Equity in earnings of affiliated companies, net of tax ............................................			1			2			6			7
Net income (loss).......................................................................................			73			54			247			376
Net income (loss) attributable to noncontrolling interests, net of tax.......................			7			11			34			45
Net income (loss) attributable to Cabot Corporation..........................................................................................................................		$	66		$	43		$	213		$	331

Weighted-average common shares outstanding
Basic...........................................................................................................			51.5			53.1			51.9			53.7
Diluted.........................................................................................................			51.9			53.4			52.2			54.2

Earnings (loss) per common share:
Basic...........................................................................................................		$	1.26		$	0.79		$	4.04		$	6.07
Diluted.........................................................................................................		$	1.25		$	0.79		$	4.02		$	6.02



CABOT CORPORATION SUMMARY RESULTS BY SEGMENT


Periods ended September 30		Three Months						Twelve Months
Dollars in millions, except per share amounts (unaudited)		2026			2025			2026			2025
Sales
Reinforcement Materials....................................................................................		$	634		$	563		$	2,297		$	2,341
Performance Chemicals.....................................................................................			340			308			1,319			1,250
Segment sales.............................................................................................			974			871			3,616			3,591
Unallocated and other (A)………..............................................................................			35			28			128			122
Net sales and other operating revenues..........................................................		$	1,009		$	899		$	3,744		$	3,713

Segment Earnings Before Interest and Taxes (B)
Reinforcement Materials....................................................................................		$	87		$	119		$	379		$	508
Performance Chemicals.....................................................................................			60			42			235			194

Unallocated and Other
Interest expense...............................................................................................			(21	)		(20	)		(75	)		(76	)
Certain items (C)...................................................................................................			(15	)		(17	)		(109	)		(30	)
Unallocated corporate costs...............................................................................			(13	)		(13	)		(54	)		(52	)
General unallocated income (expense) (D)...............................................................			13			6			36			28
Less: Equity in earnings of affiliated companies, net of tax....................................			1			2			6			7
Income (loss) from operations before income taxes and equity in
earnings of affiliated companies...............................................................			110			115			406			565
(Provision) benefit for income taxes (including tax certain items)............................			(38	)		(63	)		(165	)		(196	)
Equity in earnings of affiliated companies, net of tax.............................................			1			2			6			7
	Net income (loss).....................................................................................		73			54			247			376
Net income (loss) attributable to noncontrolling interests, net of tax.......................			7			11			34			45
Net income (loss) attributable to Cabot Corporation..................................		$	66		$	43		$	213		$	331

Diluted earnings (loss) per share of common stock
attributable to Cabot Corporation..........................................................................................................................		$	1.25		$	0.79		$	4.02		$	6.02

Adjusted earnings (loss) per share (E)….......................................................................		$	1.61		$	1.70		$	6.42		$	7.25



CABOT CORPORATION CONSOLIDATED STATEMENTS OF FINANCIAL POSITION


	September 30,			September 30,
Dollars in millions (unaudited)	2026			2025

Current assets:
Cash and cash equivalents....................................................................................................	$	254		$	258
Accounts and notes receivable, net of reserve for doubtful accounts of $5 and $5		801			671
Inventories:
Raw materials.................................................................................................................		161			134
Finished goods................................................................................................................		354			303
Other..............................................................................................................................		69			67
Total inventories..........................................................................................................		584			504
Prepaid expenses and other current assets.............................................................................		107			106
Total current assets...............................................................................................		1,746			1,539

Property, plant and equipment....................................................................................................		4,588			4,405
Accumulated Depreciation		(2,874	)		(2,694	)
Net property, plant and equipment.......................................................................................		1,714			1,711
Goodwill....................................................................................................................................		138			134
Equity affiliates..........................................................................................................................		20			16
Intangible assets, net ................................................................................................................		50			55
Deferred income taxes...............................................................................................................		165			180
Other assets….............................................................................................................................		195			180
Total assets..............................................................................................................................	$	4,028		$	3,815



CABOT CORPORATION QUARTERLY RESULTS BY SEGMENT


	Fiscal 2025					Fiscal 2026
Dollars in millions,
except per share amounts (unaudited)	Dec. Q	Mar. Q	June Q	Sept. Q	FY	Dec. Q	Mar. Q	June Q	Sept. Q	FY

Sales
Reinforcement Materials.......................................................................	$611	$594	$573	$563	$2,341	$520	$544	$599	$634	$2,297
Performance Chemicals........................................................................	311	311	320	308	1,250	300	328	351	340	1,319
Segment sales................................................................................	922	905	893	871	3,591	820	872	950	974	3,616
Unallocated and other (A)…………………………………………………	33	31	30	28	122	29	32	32	35	128
Net sales and other operating revenues..................................................	$955	$936	$923	$899	$3,713	$849	$904	$982	$1,009	$3,744

Segment Earnings Before Interest and Taxes (B)
Reinforcement Materials.......................................................................	$130	$131	$128	$119	$508	$102	$93	$97	$87	$379
Performance Chemicals........................................................................	45	50	57	42	194	48	59	68	60	235
Unallocated and Other
Interest expense..................................................................................	(18)	(19)	(19)	(20)	(76)	(18)	(18)	(18)	(21)	(75)
Certain items (C)……………………………………………………………	(6)	(4)	(3)	(17)	(30)	(7)	(9)	(78)	(15)	(109)
Unallocated corporate costs..................................................................	(13)	(13)	(13)	(13)	(52)	(12)	(15)	(14)	(13)	(54)
General unallocated income (expense) (D)……………………………	7	9	6	6	28	6	12	5	13	36
Less: Equity in earnings of affiliated companies, net of tax.......................	1	3	1	2	7	1	2	2	1	6

Income (loss) from operations before income taxes and
equity in earnings of affiliated companies..........................................	144	151	155	115	565	118	120	58	110	406
(Provision) benefit for income taxes (including tax certain items)...............	(41)	(49)	(43)	(63)	(196)	(37)	(44)	(46)	(38)	(165)
Equity in earnings of affiliated companies, net of tax................................	1	3	1	2	7	1	2	2	1	6
Net income (loss)..........................................................................	104	105	113	54	376	82	78	14	73	247
Net income (loss) attributable to noncontrolling interests, net of tax..........	11	11	12	11	45	9	10	8	7	34
Net income (loss) attributable to Cabot Corporation.....................	$93	$94	$101	$43	$331	$73	$68	$6	$66	$213
Diluted earnings (loss) per share of common stock


attributable to Cabot Corporation..........................................................................................................................			$1.67	$1.69	$1.86	$0.79	$6.02	$1.37	$1.27	$0.12	$1.25	$4.02
Adjusted earnings (loss) per share (E)…............................................			$1.76	$1.90	$1.90	$1.70	$7.25	$1.53	$1.61	$1.67	$1.61	$6.42
Diluted weighted average common shares outstanding..........................................................................................................................			55.0	54.4	53.8	53.4	54.2	52.9	52.2	52.0	51.9	52.2

	(A)	Unallocated and other reflects external shipping and handling fees, the impact of unearned revenue, and discounting charges for certain Notes receivable.
	(B)	Segment EBIT is a measure used by Cabot's Chief Operating Decision-Maker to assess segment performance and allocate resources. Segment EBIT includes Equity in earnings of affiliated companies, net of tax, Net income attributable to noncontrolling interests, net of tax, and discounting charges for certain Notes receivable.
	(C)	Details of certain items are presented in the Certain Items and Reconciliation of Adjusted EPS and Operating Tax Rate table.
	(D)	General unallocated income (expense) consists of gains (losses) arising from foreign currency transactions, net of other foreign currency risk management activities, Interest and dividend income, the profit or loss related to the corporate adjustment for unearned revenue and unrealized holding gains (losses) for investments. This does not include items of income or expense from the items that are separately treated as Certain items.
	(E)	Adjusted EPS is a non-GAAP measure, and a reconciliation of Adjusted EPS to GAAP EPS is presented in the Certain Items and Reconciliation of Adjusted EPS and Operating Tax Rate table.



CABOT CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS


Periods ended September 30	Three Months						Twelve Months
Dollars in millions (unaudited)	2026			2025			2026			2025

Cash Flows from Operating Activities:
Net income (loss)....................................................................................................	$	73		$	54		$	247		$	376
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization................................................................................		51			40			191			154
Other non-cash charges (gains), net.......................................................................		24			35			98			73
Cash dividends received from equity affiliates............................................................		—			—			2			13
Changes in assets and liabilities:
Changes in net working capital (A)…………………………………………………...............		(10	)		69			(68	)		56
Changes in other assets and liabilities, net.............................................................		5			21			(49	)		(7	)

Cash provided by (used in) operating activities.................................................		143			219			421			665

Cash Flows from Investing Activities:
Additions to property, plant and equipment.................................................................		(55	)		(64	)		(207	)		(274	)
Acquisition of business, net of cash acquired ............................................................		—			—			(66	)		—
Asset acquisition.....................................................................................................		—			—			—			(27	)
Other investing activities, net....................................................................................		(6	)		5			(4	)		3

Cash provided by (used in) investing activities..................................................		(61	)		(59	)		(277	)		(298	)

Cash Flows from Financing Activities:
Change in debt, net..................................................................................................		(21	)		(88	)		111			(23	)
Cash dividends paid to common stockholders............................................................		(25	)		(25	)		(97	)		(96	)
Other financing activities, net....................................................................................		(32	)		(33	)		(180	)		(217	)

Cash provided by (used in) financing activities.................................................		(78	)		(146	)		(166	)		(336	)
Effect of exchange rate changes on cash........................................................................		—			5			19			4
Increase (decrease) in cash, cash equivalents and restricted cash....................................		4			19			(3	)		35
Cash, cash equivalents and restricted cash at beginning of period.....................................		251			239			258			223


Cash, cash equivalents and restricted cash at end of period (B)……………………………………….			$	255	$	258	$	255	$	258

	(A)	Includes Accounts and notes receivable, Inventories, and Accounts payable and accrued liabilities.
	(B)	Restricted cash was $1 million as of September 30, 2026. There was no restricted cash as of September 30, 2025.



CABOT CORPORATION CERTAIN ITEMS AND RECONCILIATION OF ADJUSTED EPS AND OPERATING TAX RATE


TABLE 1: DETAIL OF CERTAIN ITEMS
Periods ended September 30		Three Months		Twelve Months
Dollars in millions, except per share amounts (unaudited)		2026	2025	2026	2025
Certain items before and after income taxes
Global restructuring activities		$(15)	$(5)	$(72)	$(11)
Employee benefit plan settlement and other charges		—	(3)	(30)	(3)
Legal and environmental matters and reserves		—	(1)	(5)	(7)
Acquisition and integration-related charges		—	(1)	(2)	(1)
Indirect tax settlement charges		—	(7)	—	(7)
Other certain items		—	—	—	(1)
	Total certain items, pre-tax	(15)	(17)	(109)	(30)
Non-GAAP adjustments(A)		(3)	(32)	(17)	(38)

	Total certain items after tax	$(18)	$(49)	$(126)	$(68)
	Total certain items after tax per share	$(0.36)	$(0.91)	$(2.40)	$(1.23)

TABLE 2: CERTAIN ITEMS STATEMENT OF OPERATIONS LINE ITEM
Periods ended September 30		Three Months		Twelve Months
Dollars in millions, Pre-Tax (unaudited)		2026	2025	2026	2025
Statement of Operations Line Item (C)
Cost of sales		$(13)	$(3)	$(72)	$(13)
Selling and administrative expenses		(2)	(3)	(7)	(4)
Research and technical expenses		—	(1)	—	(2)
Other income (expense)		—	(10)	(30)	(11)
	Total certain items	$(15)	$(17)	$(109)	$(30)

TABLE 3: RECONCILIATION OF EFFECTIVE TAX RATE TO OPERATING TAX RATE
Three months ended September 30		2026		2025


Dollars in millions (unaudited)			(Provision) / Benefit for Income Taxes	Rate	(Provision) / Benefit for Income Taxes	Rate
Effective Tax Rate			$(38)	34%	$(63)	55%
Less: Non-GAAP tax adjustments(B)			(3)		(30)
Operating tax rate (D) (E)			$(35)	28%	$(33)	25%

Twelve months ended September 30			2026		2025
Dollars in millions (unaudited)			(Provision) / Benefit for Income Taxes	Rate	(Provision) / Benefit for Income Taxes	Rate

Effective Tax Rate			$(165)	41%	$(196)	35%
Less: Non-GAAP tax adjustments(B)			(17)		(36)
Operating tax rate (D) (E)			$(148)	29%	$(160)	27%


TABLE 4: RECONCILIATION OF ADJUSTED EPS BY QUARTER FOR FISCAL 2026 and FISCAL 2025
			Fiscal 2026 (F)
Periods ended (unaudited)			Dec. Q	Mar. Q	June Q	Sept. Q	FY 2026
Reconciliation of Adjusted EPS to GAAP EPS
Net income (loss) per share attributable to Cabot Corporation			$1.37	$1.27	$0.12	$1.25	$4.02
Less: Certain items after tax per share			(0.16)	(0.34)	(1.55)	(0.36)	$(2.40)
Adjusted earnings (loss) per share			$1.53	$1.61	$1.67	$1.61	$6.42

			Fiscal 2025 (F)
Periods ended (unaudited)			Dec. Q	Mar. Q	June Q	Sept. Q	FY 2025
Reconciliation of Adjusted EPS to GAAP EPS
Net income (loss) per share attributable to Cabot Corporation			$1.67	$1.69	$1.86	$0.79	$6.02
Less: Certain items after tax per share			(0.09)	(0.21)	(0.04)	(0.91)	(1.23)
Adjusted earnings (loss) per share			$1.76	$1.90	$1.90	$1.70	$7.25

	(A)	Non-GAAP adjustments includes Non-GAAP tax adjustments, which are described in (B) below, and in fiscal 2025 an adjustment to the historical earnings allocated to a noncontrolling interest partner, which is included in Net income (loss) attributable to noncontrolling interests, net of tax in the Consolidated Statement of Operations.


	(B)	Non-GAAP tax adjustments are made to arrive at the operating tax provision. It includes the income tax (expense) benefit on certain items, discrete tax items, and, on a quarterly basis the timing of losses in certain jurisdictions. The income tax (expense) benefit on certain items is determined using the applicable rates in the taxing jurisdictions in which the certain items occurred and includes both current and deferred income tax (expense) benefit based on the nature of the certain items. Discrete tax items include, but are not limited to, changes in valuation allowance, uncertain tax positions, and other tax items, such as the tax impact of legislative changes and tax accruals on historic earnings due to changes in indefinite reinvestment assertions.
	(C)	This table indicates the line items where certain items are recorded in the Consolidated Statements of Operations.
	(D)	The operating tax rate is calculated based upon management's forecast of the annual operating tax rate for the fiscal year applied to adjusted pre-tax earnings. The operating tax rate excludes income tax (expense) benefit on certain items, discrete tax items and, on a quarterly basis the timing of losses in certain jurisdictions.
	(E)	Our operating tax rate for fiscal 2027 is expected to be in the range of 28% to 30%.
	(F)	Per share amounts are calculated after tax.



CABOT CORPORATION RECONCILIATION OF NON-GAAP FINANCIAL MEASURES


			Fiscal 2026 (A)
			Dec. Q	Mar. Q	June Q	Sept. Q	FY 2026
Reconciliation of Adjusted EPS to GAAP EPS
Net income (loss) per share attributable to Cabot Corporation			$1.37	$1.27	$0.12	$1.25	$4.02
Less: Certain items after tax per share			(0.16)	(0.34)	(1.55)	(0.36)	(2.40)
Adjusted earnings (loss) per share			$1.53	$1.61	$1.67	$1.61	$6.42

			Fiscal 2025 (A)
			Dec. Q	Mar. Q	June Q	Sept. Q	FY 2025
Reconciliation of Adjusted EPS to GAAP EPS
Net income (loss) per share attributable to Cabot Corporation			$1.67	$1.69	$1.86	$0.79	$6.02
Less: Certain items after tax per share			(0.09)	(0.21)	(0.04)	(0.91)	(1.23)
Adjusted earnings (loss) per share			$1.76	$1.90	$1.90	$1.70	$7.25

	(A)	Per share amounts are calculated after tax.

Dollars in millions			Fiscal 2026
			Dec. Q	Mar. Q	June Q	Sept. Q	FY 2026
Reconciliation of Adjusted EBITDA to Income (loss) from operations before income taxes and equity in earnings of affiliated companies
Income (loss) from operations before income taxes and equity in earnings of affiliated companies			$118	$120	$58	$110	$406
Interest expense			18	18	18	21	75
Certain items			7	9	78	15	109
General unallocated (income) expense			(6)	(12)	(5)	(13)	(36)
Less: Equity in earnings of affiliated companies			(1)	(2)	(2)	(1)	(6)
Depreciation and amortization			41	44	43	47	175
Adjusted EBITDA			$179	$181	$194	$181	$735

Dollars in millions			Dec. Q	Mar. Q	June Q	Sept. Q	FY 2026
Reinforcement Materials EBIT			$102	$93	$97	$87	$379
Reinforcement Materials Depreciation and amortization			19	21	20	24	84
Reinforcement Materials EBITDA			$121	$114	$117	$111	$463


Reinforcement Materials Sales			$520	$544	$599	$634	$2,297
Reinforcement Materials EBITDA Margin			23%	21%	20%	18%	20%

Dollars in millions			Dec. Q	Mar. Q	June Q	Sept. Q	FY 2026
Performance Chemicals EBIT			$48	$59	$68	$60	$235
Performance Chemicals Depreciation and amortization			22	23	23	23	91
Performance Chemicals EBITDA			$70	$82	$91	$83	$326
Performance Chemicals Sales			$300	$328	$351	$340	$1,319
Performance Chemicals EBITDA Margin			23%	25%	26%	24%	25%

Dollars in millions			Fiscal 2026
Reconciliation of Free Cash Flow and Discretionary Free Cash Flow to Cash provided by (used in) operating activities			Dec. Q	Mar. Q	June Q	Sept. Q	FY 2026
Cash provided by (used in) operating activities (B)			$126	$77	$75	$143	$421
Less: Additions to property, plant and equipment			69	45	38	55	207
Free cash flow			$57	$32	$37	$88	$214
Plus: Additions to property, plant and equipment			69	45	38	55	207
Less: Changes in net working capital (C)			5	(19)	(44)	(10)	(68)
Less: Sustaining and compliance capital expenditures			50	33	28	36	147
Discretionary free cash flow			$71	$63	$91	$117	$342

	(B)	As provided in the Condensed Consolidated Statements of Cash Flows.
	(C)	Defined as changes in Accounts and notes receivable, Inventories, and Accounts payable and accrued liabilities as presented on the Condensed Consolidated Statements of Cash Flows.