Cabot Corporation (CBT)
Cabot Corporation (CBT) is a specialty-chemicals maker whose plants produce carbon black for tires and rubber, plus battery materials and performance chemicals. In ETFpedia it represents the HALO concept of AI-resilient physical businesses, because its value sits in capital-intensive chemical plants making molecules that software cannot reproduce.
| Ticker | CBT |
|---|---|
| Exchange | NYSE |
| Sector | Materials · Specialty Chemicals |
| Country | United States |
| Held by ETF | Roundhill HALO ETF (LOHA) |
| Last updated | 2026-06-10 |
Next event: Next earnings · fiscal Q3 2026 , estimated · Date is analyst-estimated (sources differ); confirm on investor.cabotcorp.com. Last report: fiscal Q2 2026 on 2026-05-05. (source)
Latest reported quarter: Fiscal Q2 2026 (ended Mar 31, 2026) (reported 2026-05-05)
Cabot reported net sales of $904 million, down 3% year over year, with adjusted EPS of $1.61, as growth in battery-driven Performance Chemicals partly offset softer carbon-black demand in Reinforcement Materials.
| Net sales | $904M -3% YoY · vs $936M a year earlier |
|---|---|
| Adjusted EPS | $1.61 · vs $1.90 a year earlier |
| GAAP EPS | $1.27 |
| Total segment EBIT | $152M · Reinforcement $93M, Performance Chemicals $59M |
Revenue by segment
| Reinforcement Materials | $544M -8% YoY |
|---|---|
| Performance Chemicals | $328M +6% YoY |
Recent & upcoming events
- · Fiscal Q2 2026 results; dividend raised 5%. Adjusted EPS $1.61 on net sales of $904M; reaffirmed full-year guidance and raised the annualized dividend 5%, from $1.80 to $1.89. (source)
- · Plant closures for cost savings. Announced closure of certain South America and Europe operations targeting about $22 million of annualized savings. (source)
Fiscal year ends September 30; consolidated EBIT margin was not separately disclosed.
Figures are as of 2026-06-03 and reflect the most recent public filings/IR releases; they are updated after each earnings report.
What does Cabot do?
Cabot makes physical materials. Its larger Reinforcement Materials segment produces carbon black, the reinforcing filler in tires and rubber, and its Performance Chemicals segment makes specialty carbons, fumed metal oxides, aerogels, inkjet colorants, and conductive additives for lithium-ion batteries. The business is anchored by capital-intensive plants worldwide (Cabot 8-K, May 5, 2026).
The footprint is old and wide. Founded in 1882 and incorporated in Delaware in 1960, Cabot operates manufacturing facilities in the United States and more than 20 other countries with roughly 4,100 employees, and booked net sales of $3,713 million in fiscal 2025 (the year ended September 30, 2025) (Cabot 10-K, FY2025). China is its single largest country exposure, at about 25% of fiscal 2025 revenues and 21% of property, plant, and equipment.
How strong is Cabot’s competitive position?
Cabot describes itself as one of the world’s leading manufacturers of reinforcing carbons, facing only four competitors that operate globally plus regional players (Cabot 10-K, FY2025). The moat is logistical as much as chemical: carbon black is heavy and cheap per ton, so Cabot’s “make and sell in region” plant network keeps transport costs low and customers close. It is still adding capacity where tires are made, completing an expansion of roughly 80,000 metric tons of reinforcing-carbons capacity at its Cilegon, Indonesia plant in 2025. On the growth side, its battery-materials line spans conductive carbons, carbon nanotubes, and fumed alumina used in lithium-ion batteries for electric vehicles and energy-storage systems.
Why is Cabot resilient to AI disruption?
Carbon black and battery additives are physical molecules made in furnaces and reactors; no language model can synthesize them. That capital-heavy, real-economy materials base is the essence of the HALO thesis, and Cabot’s battery-materials line adds a structural growth tailwind from electric vehicles.
Performance Chemicals segment EBIT increased 18% year-over-year supported by continued strong momentum in our battery materials product line and higher volumes in our specialty carbons product line. Reinforcement Materials segment EBIT declined 29% year-over-year, as 3% higher volumes were more than offset by lower gross profit per ton.
— Sean Keohane, President & CEO, Cabot Corporation (fiscal Q2 2026 results (SEC 8-K))
What did Cabot report most recently?
In fiscal Q2 2026 (the quarter ended March 31, 2026), Cabot reported net sales of $904 million, down from $936 million a year earlier, with adjusted EPS of $1.61 (versus $1.90) and total segment EBIT of $152 million (Cabot 8-K). Performance Chemicals EBIT rose 18% on battery materials, while Reinforcement Materials EBIT fell 29% on lower carbon-black gross profit per ton.
What is Cabot’s guidance?
Cabot reaffirmed full-year fiscal 2026 adjusted EPS guidance of $6.00–6.50 and raised its annualized dividend 5%, from $1.80 to $1.89 per share (Cabot 8-K). It also announced plans to close certain South America and Europe operations, targeting roughly $22 million of annualized cost savings (Cabot, May 5, 2026).
What are the risks for Cabot?
- Tire-demand cyclicality. Reinforcement Materials EBIT fell on softer carbon-black and tire demand.
- Macro sensitivity. Guidance hinges on demand stability into the back half of the fiscal year.
- Restructuring execution. Planned plant closures are subject to local processes, and savings are not yet realized.
- Feedstock and energy. The cost base is tied to oil and energy prices and to auto/tire end markets.
- China concentration. About 25% of fiscal 2025 revenues and 21% of plant assets sit in China, exposing Cabot to local demand and policy swings.
Related securities, concepts & terms
- AI-Resilient Investing parent
- Heavy Asset Low Obsolescence (HALO) parent
- Magna International (MGA) sibling
- Southern Copper (SCCO) sibling
Related indices & ETFs
- Roundhill HALO ETF (LOHA) · Roundhill Investments Tracks the Akros U.S. HALO Index of physical-economy companies screened for AI resilience.
These references describe index-tracking relationships as a matter of fact and are not a recommendation to buy any product. Akros, as the index provider, may receive licensing fees from product sponsors. Review the product's prospectus before investing.
Frequently asked questions about Cabot Corporation
What does Cabot Corporation do?
Cabot is a global specialty-chemicals and performance-materials company. Its Reinforcement Materials segment makes carbon black for tires and rubber, and its Performance Chemicals segment makes specialty carbons, fumed metal oxides, aerogels, inkjet colorants, and lithium-ion battery materials.
When does Cabot report its next earnings?
Cabot is expected to report fiscal Q3 2026 results in early August 2026 (estimates differ); the date is not company-confirmed, so check investor.cabotcorp.com. It last reported fiscal Q2 2026 on May 5, 2026.
What was Cabot's latest quarterly revenue?
Cabot reported net sales of $904 million in fiscal Q2 2026 (the quarter ended March 31, 2026), down from $936 million a year earlier, with adjusted EPS of $1.61 (versus $1.90) and total segment EBIT of $152 million, split $93 million Reinforcement Materials and $59 million Performance Chemicals.
How are Cabot's two segments performing?
In fiscal Q2 2026, Performance Chemicals segment EBIT rose 18% year over year on battery-materials and specialty-carbons volumes, while Reinforcement Materials EBIT fell 29% as 3% higher volumes were offset by lower gross profit per ton of carbon black.
What is Cabot's guidance and dividend?
Cabot reaffirmed full-year fiscal 2026 adjusted EPS guidance of $6.00–6.50 at its second-quarter report and raised its annualized dividend 5%, from $1.80 to $1.89 per share. It also flagged plans to close certain South America and Europe operations, targeting about $22 million of annualized savings.
Why is Cabot a HALO (AI-resilient) stock?
Cabot runs capital-intensive carbon-black and specialty-chemical plants that produce physical molecules for tires, batteries, and coatings, a real-economy base software cannot reproduce. Its battery-materials line, tied to growing energy-storage (BESS) and EV demand, is a structural tailwind that lifted Performance Chemicals EBIT 18% year over year in fiscal Q2 2026.
How big is Cabot's global footprint?
Founded in 1882, Cabot operates manufacturing facilities in the United States and more than 20 other countries with about 4,100 employees, and reported net sales of $3,713 million in fiscal 2025 (ended September 30, 2025) per its 10-K. China is the largest single-country exposure, at roughly 25% of fiscal 2025 revenues and 21% of property, plant, and equipment.
Sources & references
- Cabot Corporation reports second quarter fiscal year 2026 results (SEC 8-K, Exhibit 99.1) · Cabot Corporation / SEC EDGAR, 2026-05-05
- Cabot Corporation Form 10-K for fiscal year 2025 (SEC EDGAR) · Cabot Corporation / SEC EDGAR, 2025-11-24
- Cabot Corporation Reports Second Quarter Fiscal Year 2026 Results (plant closures targeting ~$22M of annualized savings) · Cabot Corporation / GlobeNewswire, 2026-05-05
- Cabot Corporation · investor relations and events · Cabot Corporation, 2026-06-02
- NYSE listed company information · CBT · New York Stock Exchange, 2026-06-02