Cabot Corp (CBT) Files Q1 2025 10-Q
Ticker: CBT · Form: 10-Q · Filed: Feb 6, 2025 · CIK: 16040
Sentiment: neutral
Topics: 10-Q, quarterly-filing, financials
TL;DR
CBT Q1 2025 10-Q filed. Financials updated.
AI Summary
Cabot Corporation (CBT) filed its 10-Q for the period ending December 31, 2024. The filing covers the first quarter of fiscal year 2025. Key financial data and operational details for Cabot Corporation are presented, including information on its business segments and financial performance during the reported quarter.
Why It Matters
This filing provides investors with an update on Cabot Corporation's financial health and operational performance for the first quarter of fiscal year 2025, crucial for assessing the company's current standing and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial information.
Key Numbers
- Q1 2025 — Fiscal Quarter (Reporting period for the 10-Q filing.)
- 0930 — Fiscal Year End (Indicates Cabot's fiscal year concludes on September 30th.)
Key Players & Entities
- Cabot Corp (company) — Filer
- CBT (company) — Ticker Symbol
- 2024-12-31 (date) — Fiscal Period End Date
- 2025-02-06 (date) — Filing Date
- 0000016040 (company) — Central Index Key
FAQ
What is the reporting period for this 10-Q filing?
The 10-Q filing is for the period ending December 31, 2024, which corresponds to the first quarter of fiscal year 2025.
When was this 10-Q filed with the SEC?
This 10-Q filing was made on February 6, 2025.
What is Cabot Corporation's fiscal year end?
Cabot Corporation's fiscal year ends on September 30.
What is the Central Index Key (CIK) for Cabot Corporation?
The Central Index Key for Cabot Corporation is 0000016040.
What are some of the financial statement line items mentioned in the filing metadata?
The filing metadata references items such as 'Accounts Payable And Accrued Liabilities Current', 'Retained Earnings', 'Additional Paid In Capital', and 'Accumulated Translation Adjustment'.
Filing Stats: 4,529 words · 18 min read · ~15 pages · Grade level 17.7 · Accepted 2025-02-06 17:11:23
Key Financial Figures
- $1 — nge on which registered Common Stock, $1 par value per share CBT The New Yor
- $1.00 — h ad 54,221,492 shares of common stock, $1.00 par value per share, outstanding as of
Filing Documents
- cbt-20241231.htm (10-Q) — 1887KB
- cbt-ex31_1.htm (EX-31.1) — 17KB
- cbt-ex31_2.htm (EX-31.2) — 17KB
- cbt-ex32.htm (EX-32) — 13KB
- 0000950170-25-015513.txt ( ) — 7751KB
- cbt-20241231.xsd (EX-101.SCH) — 1098KB
- cbt-20241231_htm.xml (XML) — 1379KB
Financial Statements (unaudited)
Financial Statements (unaudited) Consolidated Statements of Operations 3 Consolidated Statements of Comprehensive Income (Loss) 4 Consolidated Balance Sheets 5 Consolidated Statements of Cash Flows 7 Consolidated Statements of Changes in Stockholders' Equity 8 Notes to the Consolidated Financial Statements 10 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 26 Item 4.
Controls and Procedures
Controls and Procedures 26 Part II. Other Information Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 27 Item 5. Other Information 27 Item 6. Exhibits 27 2
Financi al Information
Part I. Financi al Information
Financi al Statements
Item 1. Financi al Statements CABOT CORPORATION CONSOLIDATED STATEM ENTS OF OPERATIONS UNAUDITED Three Months Ended December 31 2024 2023 (In millions, except per share amounts) Net sales and other operating revenues $ 955 $ 958 Cost of sales 720 740 Gross profit 235 218 Selling and administrative expenses 66 67 Research and technical expenses 14 15 Income (loss) from operations 155 136 Interest and dividend income 6 9 Interest expense ( 18 ) ( 22 ) Other income (expense) 1 ( 29 ) Income (loss) from operations before income taxes and equity in earnings of affiliated companies 144 94 (Provision) benefit for income taxes ( 41 ) ( 34 ) Equity in earnings of affiliated companies, net of tax 1 1 Net income (loss) 104 61 Net income (loss) attributable to noncontrolling interests, net of tax 11 11 Net income (loss) attributable to Cabot Corporation $ 93 $ 50 Weighted-average common shares outstanding: Basic 54.3 55.3 Diluted 55.0 55.8 Earnings (loss) per common share: Basic $ 1.69 $ 0.88 Diluted $ 1.67 $ 0.88 The accompanying notes are an integral part of these consolidated financial statements. 3 CABOT CORPORATION CONSOLIDATED STATEMENTS OF C OMPREHENSIVE INCOME (LOSS) UNAUDITED Three Months Ended December 31 2024 2023 (In millions) Net income (loss) $ 104 $ 61 Other comprehensive income (loss), net of tax Foreign currency translation adjustment, net of tax ( 104 ) 62 Derivatives: net investment hedges (Gains) losses reclassified to interest expense, net of tax ( 1 ) ( 1 ) (Gains) losses excluded from effectiveness testing and amortized to interest expense, net of tax 1 — Other comprehensive income (loss), net of tax (provision) benefit of $( 4 ), $ 1 ( 104 ) 61 Comprehensive income (loss) — 122 Net income (loss) attributable to noncontrolling