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Cabot (CBT)

Cabot Corporation is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company is a leading provider of carbon black, specialty carbons, activated carbon, elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed silica and aerogel.

Company profile

Ticker
CBT
Exchange
CEO
Sean Keohane
Employees
Incorporated
Location
Fiscal year end
Former names
CABOT GODFREY L INC
SEC CIK
Subsidiaries
Cabot Plastics Belgium S.A. • Cabot Performance Materials Belgium S.P.R.L. • Cabot (Bermuda) Ltd. • Cabot Brasil Industria e Comércio Ltda. • Cabot Canada Ltd. • Cabot Norit Canada Inc. • 8755329 Canada, Inc. • Tech Blend Corporation • Cabot Plastics Canada LP • Cabot Plastics Hong Kong Limited ...
IRS number
42271897

CBT stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 Aug 22
18 Aug 22
30 Sep 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 21 Sep 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 214M 214M 214M 214M 214M 214M
Cash burn (monthly) 333.33K (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 549.6K n/a n/a n/a n/a n/a
Cash remaining 213.45M n/a n/a n/a n/a n/a
Runway (months of cash) 640.4 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 22 Delgrosso Douglas G Phantom Stock Units Common Stock Grant Acquire A No No 63.79 372.315 23.75K 4,028.471
30 Jun 22 Enriquez Cabot Juan Phantom Stock Units Common Stock Grant Acquire A No No 63.79 431.102 27.5K 46,782.149
30 Jun 22 Wolfgruber Matthais L. Phantom Stock Units Common Stock Grant Acquire A No No 63.79 431.102 27.5K 18,034.677
30 Jun 22 Raffiq Nathoo Phantom Stock Units Common Stock Grant Acquire A No No 63.79 217.181 13.85K 217.181
30 Jun 22 Keohane Sean D Phantom Stock Units Common Stock Grant Acquire A No No 63.79 108.288 6.91K 35,171.989
95.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 276 284 -2.8%
Opened positions 36 52 -30.8%
Closed positions 44 36 +22.2%
Increased positions 89 91 -2.2%
Reduced positions 101 90 +12.2%
13F shares Current Prev Q Change
Total value 3.43B 3.72B -7.8%
Total shares 53.7M 52.77M +1.8%
Total puts 122.1K 105.3K +16.0%
Total calls 88.3K 122.6K -28.0%
Total put/call ratio 1.4 0.9 +61.0%
Largest owners Shares Value Change
BLK Blackrock 6.89M $439.37M -0.6%
Vanguard 6.15M $392.01M +0.4%
Wellington Management 5.13M $327.46M +45.0%
Earnest Partners 3.08M $196.29M +1.2%
FMR 2.78M $177.54M +9.8%
Fuller & Thaler Asset Management 2.25M $143.32M -16.0%
STT State Street 1.8M $114.67M -4.7%
Dimensional Fund Advisors 1.77M $112.76M +0.0%
Snyder Capital Management L P 1.57M $99.84M +2.6%
BAC Bank Of America 1.46M $92.92M +1.4%
Largest transactions Shares Bought/sold Change
Wellington Management 5.13M +1.59M +45.0%
LSV Asset Management 888K -1.05M -54.2%
Marshall Wace 549.05K +549.05K NEW
Deprince Race & Zollo 0 -481.62K EXIT
Victory Capital Management 749.91K -442.13K -37.1%
Fuller & Thaler Asset Management 2.25M -429.47K -16.0%
GS Goldman Sachs 600.15K +422.27K +237.4%
Parametric Portfolio Associates 0 -420.46K EXIT
Boston Partners 518.59K +404.47K +354.4%
Lord, Abbett & Co. 369K +369K NEW

Financial report summary

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Risks
  • Industry capacity utilization and competition from other specialty chemical companies may adversely impact our business.
  • Environmental regulations and restrictions that affect the carbon black industry impose constraints on our operations, and could threaten our competitive position and increase our operating costs, which may adversely impact our business and results of operations.
  • We may be exposed to certain regulatory and financial risks related to climate change developments and an increased focus on carbon neutrality, which may adversely affect our business and results of operations, and increased pressures and adverse publicity about potential impacts on climate change by us or other companies in our industry could harm our reputation.
  • Volatility in the price and availability of raw materials and energy could impact our margins and working capital.
  • We are exposed to political or country risk inherent in doing business in some countries.
  • As a chemical manufacturing company, our operations are subject to operational risks and have the potential to cause environmental or other damage as well as personal injury, or disrupt our ability to supply our customers, any of which could adversely affect our business, results of operations and cash flows.
  • Our products are subject to extensive safety, health and environmental requirements, which could impair our ability to manufacture and sell certain products.
  • Information technology systems failures, data security breaches, cybersecurity attacks or network disruptions could compromise our information, disrupt our operations and expose us to liability, which may adversely impact our operations.
  • Natural disasters and severe weather events could affect our operations and financial results.
  • We may not be successful achieving our growth expectations from new products, new applications and technology developments, and money we spend on these efforts may not result in an increase in revenues or profits commensurate with our investment.
  • The continued protection of our patents, trade secrets and other proprietary intellectual property rights are important to our success.
  • Any failure to realize benefits from acquisitions, alliances or joint ventures or to achieve our portfolio management objectives could adversely affect future financial results.
  • Plant capacity expansions and site development projects may impact existing plant operations, be delayed and/or not achieve the expected benefits.
  • Negative or uncertain worldwide or regional economic conditions or trade relations may adversely impact our business.
  • Litigation or legal proceedings could expose us to significant liabilities and thus negatively affect our financial results.
  • Our tax rate is dependent upon a number of factors, a change in any of which could impact our future tax rates and net income.
  • We have entered into a number of derivative contracts with financial counterparties. The effectiveness of these contracts is dependent on the ability of these financial counterparties to perform their obligations and their nonperformance could harm our financial condition.
Management Discussion
  • The Company has two reportable segments: Reinforcement Materials and Performance Chemicals. The Company’s former Purification Solutions business was a separate reporting segment prior to divestiture in the second quarter of fiscal 2022. Cabot is also organized for operational purposes into three geographic regions: the Americas; Europe, Middle East and Africa (“EMEA”); and Asia Pacific. The discussion of our results of operations for the periods presented reflects these structures.
  • Our analysis of our financial condition and operating results should be read with our consolidated financial statements and accompanying notes.
  • When discussing our results of operations, we use several terms as described below.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: accrual, adjacent, Aearo, assertion, bankruptcy, Billerica, Chapter, commencing, deducting, inflationary, mark, permanently, repay, turnaround, Xuzhou
Removed: automotive, Czech, improve, largely, local, negatively, stable

Patents

Utility
Tire Tread
11 Aug 22
A tire tread and a tire are provided, more particularly, a tire having a tread or other elastomeric component within enhanced composite material properties, including, but not limited to, modulus ratio, percent elongation at break, and/or tan delta, wherein the tire, tread or other elastomeric component comprise composites characterized by well dispersed reinforcing filler, which can be indicated by macrodispersion.
Utility
Silica Reinforced Thermoplastic Polyurethanes
11 Aug 22
Hydrophobic silica is combined with a polyether in an in situ process for producing thermoplastic polyurethane with superior mechanical properties.
Utility
Method of Producing Thermoplastic Elastomers and Polymer Composite Obtained Thereby
11 Aug 22
A method of producing a thermoplastic elastomer includes providing a polyether composition comprising at least a first diol terminated polyether having a number average molecular weight of 400-6000 and up to 15 wt % of fumed silica having C1-C8 alkylsilyl groups or acrylate or methacrylate ester groups at its surface, combining the polyether composition with optional additional first polyether and either a) at least one dicarboxylic acid and at least one organic diol having a molecular weight less than 250 or b) at least one dicarboxylate terminated polyamide, to form a prepolymer composition, and allowing the prepolymer composition to polymerize to form a thermoplastic elastomer.
Utility
Densified Reduced Graphene Oxide and Methods of Production
4 Aug 22
Methods for the production of densified granules of graphene oxide worm (rGOW) particles.
Utility
Anode Electrode Compositions for Battery Applications
9 Jun 22
Carbon nanostructures are used to prepare electrode compositions for lithium ion batteries.