Cabot Corp Files 2024 10-K

TL;DR

Cabot Corp's 2024 10-K is in. Check financials and future outlook.

AI Summary

Cabot Corporation filed its 10-K for the fiscal year ending September 30, 2024, reporting on its business operations. The company, headquartered at Two Seaport Lane, Boston, MA, is a manufacturer of miscellaneous chemical products. The filing covers its financial performance and strategic positioning for the period.

Why It Matters

This 10-K filing provides investors and stakeholders with a comprehensive overview of Cabot Corporation's financial health, operational performance, and risk factors for the fiscal year 2024.

Risk Assessment

Risk Level: medium — 10-K filings inherently carry medium risk due to the detailed financial and operational information that can impact stock valuation.

Key Numbers

• 0930 — Fiscal Year End (Indicates the end of the reporting period for the 10-K.)
• 20241120 — Filing Date (The date the 10-K was officially filed with the SEC.)

Key Players & Entities

• Cabot Corp (company) — Filer of the 10-K
• 0000950170-24-129210 (accession_number) — Unique identifier for the filing
• 20240930 (date) — Fiscal year end date
• Two Seaport Lane, Suite 1400, Boston, MA 02210 (address) — Company's business and mail address
• 6173450100 (phone_number) — Company's business phone number

FAQ

Key Financial Figures

• $1 — nge on which registered Common Stock, $1 par value per share CBT The New Yor

Filing Documents

• cbt-20240930.htm (10-K) — 5541KB
• cbt-ex19.htm (EX-19) — 95KB
• cbt-ex21.htm (EX-21) — 135KB
• cbt-ex23.htm (EX-23) — 5KB
• cbt-ex31_1.htm (EX-31.1) — 11KB
• cbt-ex31_2.htm (EX-31.2) — 11KB
• cbt-ex32.htm (EX-32) — 11KB
• cbt-ex97.htm (EX-97) — 50KB
• img133810686_0.jpg (GRAPHIC) — 634KB
• 0000950170-24-129210.txt ( ) — 27819KB
• cbt-20240930.xsd (EX-101.SCH) — 2636KB
• cbt-20240930_htm.xml (XML) — 6890KB

Business

Business 5 ITEM 1A.

Risk Factors

Risk Factors 15 ITEM 1B. Unresolved Staff Comments 24 ITEM 1C. Cybersecurity ............................................................................................................................................................... 24 ITEM 2.

Properties

Properties 26 ITEM 3.

Legal Proceedings

Legal Proceedings 27 ITEM 4. Mine Safety Disclosures 27 PART II ITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 28 ITEM 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 30 ITEM 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 40 ITEM 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 42 ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 87 ITEM 9A.

Controls and Procedures

Controls and Procedures 87 ITEM 9B. Other Information 87 ITEM 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 87 PART III ITEM 10. Directors, Executive Officers and Corporate Governance 88 ITEM 11.

Executive Compensation

Executive Compensation 88 ITEM 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 88 ITEM 13 . Certain Relationships and Related Transactions, and Director Independence 88 ITEM 14. Principal Accounting Fees and Services 88 PART IV ITEM 15. Exhibits, Financial Statement Schedules 88 ITEM 16. Form 10-K Summary 92

Signatures

Signatures 93 3 Information Relating to Forward-Looking Statements This annual report on Form 10-K contains "forward-looking statements" under the Federal securities laws. These forward-looking statements address expectations or projections about the future, including our expectations regarding our future business performance and overall prospects; segment and product line growth and the assumptions underlying our growth expectations; demand for our products and the short-term nature of customer cautious buying behavior, particularly in our Performance Chemicals segment; research and development activities; the availability of our Cilegon, Indonesia plant expansion for reinforcing carbons; the extension of the compliance date for the installation of technology controls at our facility in Ville Platte, Louisiana and the extension of the compliance date for the installation of technology controls at our facility in Sarnia, Ontario; our 2025 Sustainability Goals; our fiscal 2025 outlook; our ambitions for our EVOLVE Sustainable Solutions technology platform; the sufficiency of our cash on hand, cash provided from operations and cash available under our credit and commercial paper facilities to fund our cash requirements; anticipated capital spending, including environmental-related and technology controls capital expenditures; regulatory developments; our ability to manage workplace safety; cash requirements and uses of available cash, including future cash outlays associated with long-term contractual obligations, contributions to employee benefit plans, environmental remediation costs and future respirator liabilities and the timing of such outlays; exposure to interest rate and foreign exchange risk; future benefit plan payments we expect to make; future amortization expenses; our ability to recover deferred tax assets; our operating tax rate; and the possible outcome of legal and environmental proceedings. From time to time, we also provide forward-looking

B usiness

Item 1. B usiness General Cabot is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. Our principal products are reinforcing and specialty carbons, specialty compounds, conductive additives, carbon nanotubes, fumed metal oxides, inkjet colorants and aerogel. Cabot and its affiliates have manufacturing facilities and operations in the United States ("U.S.") and over 20 other countries. Cabot's business was founded in 1882 and incorporated in the State of Delaware in 1960. The terms "Cabot", "Company", "we", and "our" as used in this report refer to Cabot Corporation and its consolidated subsidiaries. In early fiscal 2022, we introduced our "Creating for Tomorrow" growth strategy. This strategy is focused on investing for advantaged growth, developing innovative products and processes that enable a better future, and driving continuous improvement in all we do. Our products are generally based on technical expertise and innovation in one or more of our four core competencies: making and handling very fine particles; modifying the surfaces of very fine particles to alter their functionality; designing particles to impart specific properties to a formulation; and combining particles with other ingredients to deliver a formulated performance intermediate or composite. We focus on creating particles, and formulations of those particles, with the composition, morphology and surface functionalities to deliver the requisite performance to support our customers' existing and emerging applications. Our business is currently organized into two reportable segments: Reinforcement Materials and Performance Chemicals. Our business segments are discussed in more detail later in this section. Our internet address is www.cabotcorp.com. We make available free of charge on or through our website our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports filed

View Full Filing

View this 10-K filing on SEC EDGAR