Fourth Quarter Earnings Announcement, Fiscal 2026
CABOT CORPORATION RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
Fiscal 2026 (A) | ||||
Dec. Q | Mar. Q June Q | Sept. Q | FY 2026 | |
Reconciliation of Adjusted EPS to GAAP EPS Net income (loss) per share attributable to Cabot Corporation Less: Certain items after tax per share Adjusted earnings (loss) per share | $ 1.37 (0.16) | $ 1.27 $ 0.12 (0.34) (1.55) | $ 1.25 (0.36) | $ 4.02 (2.40) |
$ 1.53 | $ 1.61 $ 1.67 | $ 1.61 | $ 6.42 | |
Fiscal 2025 (A) | ||||
Dec. Q | Mar. Q June Q | Sept. Q | FY 2025 | |
Reconciliation of Adjusted EPS to GAAP EPS | ||||
Net income (loss) per share attributable to Cabot Corporation | $ 1.67 | $ 1.69 $ 1.86 | $ 0.79 | $ 6.02 |
Less: Certain items after tax per share | (0.09) | (0.21) (0.04) | (0.91) | (1.23) |
Adjusted earnings (loss) per share | $ 1.76 | $ 1.90 $ 1.90 | $ 1.70 | $ 7.25 |
(A) Per share amounts are calculated after tax. | ||||
Dollars in millions | Fiscal 2026 | |||
Dec. Q | Mar. Q June Q | Sept. Q | FY 2026 | |
Reconciliation of Adjusted EBITDA to Income (loss) from operations before | ||||
income taxes and equity in earnings of affiliated companies | ||||
Income (loss) from operations before income taxes and equity in earnings of | ||||
affiliated companies | $ 118 | $ 120 $ 58 | $ 110 | $ 406 |
Interest expense | 18 | 18 18 | 21 | 75 |
Certain items | 7 | 9 78 | 15 | 109 |
General unallocated (income) expense | (6) | (12) (5) | (13) | (36) |
Less: Equity in earnings of affiliated companies | (1) | (2) (2) | (1) | (6) |
Depreciation and amortization | 41 | 44 43 | 47 | 175 |
Adjusted EBITDA | $ 179 | $ 181 $ 194 | $ 181 | $ 735 |
Dollars in millions | Dec. Q | Mar. Q June Q | Sept. Q | FY 2026 |
Reinforcement Materials EBIT | $ 102 | $ 93 $ 97 | $ 87 | $ 379 |
Reinforcement Materials Depreciation and amortization | 19 | 21 20 | 24 | 84 |
Reinforcement Materials EBITDA | $ 121 | $ 114 $ 117 | $ 111 | $ 463 |
Reinforcement Materials Sales | $ 520 | $ 544 $ 599 | $ 634 | $ 2,297 |
Reinforcement Materials EBITDA Margin | 23% | 21% 20% | 18% | 20% |
Dollars in millions | Dec. Q | Mar. Q June Q | Sept. Q | FY 2026 |
Performance Chemicals EBIT | $ 48 | $ 59 $ 68 | $ 60 | $ 235 |
Performance Chemicals Depreciation and amortization | 22 | 23 23 | 23 | 91 |
Performance Chemicals EBITDA | $ 70 | $ 82 $ 91 | $ 83 | $ 326 |
Performance Chemicals Sales | $ 300 | $ 328 $ 351 | $ 340 | $ 1,319 |
Performance Chemicals EBITDA Margin | 23% | 25% 26% | 24% | 25% |
Dollars in millions Reconciliation of Free Cash Flow and Discretionary Free Cash Flow to Cash provided by (used in) operating activities | Fiscal 2026 | |||
Dec. Q | Mar. Q June Q | Sept. Q | FY 2026 | |
Cash provided by (used in) operating activities (B) Less: Additions to property, plant and equipment Free cash flow Plus: Additions to property, plant and equipment | $ 126 69 | $ 77 $ 75 45 38 | $ 143 55 | $ 421 207 |
$ 57 69 | $ 32 $ 37 45 38 | $ 88 55 | $ 214 207 | |
Less: Changes in net working capital (C) Less: Sustaining and compliance capital expenditures Discretionary free cash flow | 5 50 | (19) (44) 33 28 | (10) 36 | (68) 147 |
$ 71 | $ 63 $ 91 | $ 117 | $ 342 | |
(B) As provided in the Condensed Consolidated Statements of Cash Flows. (C) Defined as changes in Accounts and notes receivable, Inventories, and Accounts payable and accrued liabilities as presented on the Condensed Consolidated Statements of Cash Flows. | ||||