Cabot Corp (CBT) has announced its first-quarter earnings, reflecting a year-over-year increase, although not meeting analysts' expectations. The company's net income reached $93 million, translating to $1.67 per share, compared to $50 million, or $0.88 per share, in the same period the previous year.
On an adjusted basis, Cabot Corp reported earnings of $1.76 per share; however, this fell just short of the consensus forecast, which anticipated earnings of $1.77 per share. It's important to note that analysts' projections typically exclude one-time items.
Revenue for the quarter experienced a marginal decline, decreasing by 0.3% to $955 million, down slightly from $958 million last year.
Quarterly Highlights (GAAP):
- Net Income: $93 million, up from $50 million the previous year.
- Earnings Per Share (EPS): $1.67, compared to $0.88 last year.
- Revenue: $955 million, compared to $958 million last year.
**Guidance:**
For the full year, Cabot Corp has provided an EPS outlook ranging from $7.40 to $7.80.
