Cabot Corporation (NYSE: CBT) released its financial results for the fourth quarter and fiscal year 2026 on November 2, 2026. The specialty chemicals company reported diluted earnings per share (EPS) of $1.25 for the fourth quarter and $4.02 for the full fiscal year. Adjusted EPS for the fourth quarter was $1.61, while the fiscal year Adjusted EPS reached $6.42.
For the fiscal year 2026, Cabot generated $3.744 billion in net sales and other operating revenues. The company reported net income attributable to Cabot Corporation of $213 million for the year. Segment performance included an EBIT of $235 million from the Performance Chemicals segment and $379 million from the Reinforcement Materials segment. Additionally, the Battery Materials product line achieved $43 million of EBITDA, a record high for the division.
Cash flow from operations totaled $421 million for the fiscal year, which funded capital investments of $207 million, dividend payments of $97 million, and share repurchases of $146 million. As of September 30, 2026, the company held $254 million in cash and cash equivalents, with $1.5 billion in available liquidity and a net debt to EBITDA ratio of 1.4 times.
In a significant development, Cabot signed an agreement with the U.S. Department of Energy for a $50 million grant. This funding is intended to support the expansion of domestic production for advanced conductive additives for batteries at facilities in Louisiana and Texas. The company anticipates this investment will strengthen its Battery Materials platform to support demand for electric vehicles and energy storage systems.
Regarding fiscal 2027, management expects Adjusted EPS to range between $6.15 and $6.75. The company plans to continue investing in yield technology and managing volatile energy input costs while maintaining a balanced capital allocation framework.
