Cabot Corporation Highlights Growth Strategy and 3-Year Financial Targets at Investor Day
04 Dicembre 2024 - 2:08PM
Business Wire
Cabot Corporation (NYSE: CBT) today hosts its 2024 Investor Day
in Boston, MA. Sean Keohane, President and Chief Executive Officer,
and other members of Cabot’s executive management team, will
provide an in-depth review of the Company’s strategic vision and
financial targets for the next three years. The live event will
begin at 9:30 AM EST and will be webcast live.
Creating for Tomorrow Strategy
Cabot’s “Creating for Tomorrow” strategy, originally introduced
at the Company’s 2021 Investor Day, is underpinned by its purpose
to create materials that improve daily life and enable a more
sustainable future. The strategy focuses on three key pillars;
- Grow: Focus on strategic investments to achieve
advantaged growth
- Innovate: Developing innovative products and processes
that enable a better future
- Optimize: Driving continuous improvement in everything
we do
Over the past three years, Cabot has delivered significant
results by leveraging its market leadership, performance
capabilities, and commitment to sustainability. The Company
achieved its 3-year corporate targets, delivering the top end of
its Adjusted EPS CAGR target range of 8-12%, and exceeding its
3-year cumulative Discretionary Free Cash Flow Generation (DFCF)
target of over $1 billion, with $1.2 billion of DFCF over the
3-year period.
Key Themes for 2024 Investor Day
- Building on our proven track record of delivering on our
financial commitments
- Continuing the execution of our Creating for Tomorrow
strategy
- Investing in high-growth vectors, such as battery materials
with new capacity to meet growth in customer demand
- Elevating performance in our industry leading businesses
through commercial and operational excellence, innovation and
advantaged growth investments
- Winning the sustainability transition
- Maintaining a strong balance sheet and investment-grade credit
rating to support our capital allocation framework
3-Year Financial Targets
Cabot is introducing the following 3-year financial targets:
- Adjusted EPS CAGR of 7-10% from fiscal 2024 through fiscal
2027
- Adjusted EBITDA of $0.9-$1.0 billion by fiscal year 2027
“As we build on this momentum, Cabot remains committed to
creating long-term value for our shareholders through earnings
growth, robust cash flow generation, and disciplined capital
allocation. With our global scale, operational and commercial
excellence, and commitment to sustainability, we are confident in
our ability to achieve our next set of strategic objectives,
including an Adjusted EPS CAGR of 7-10% over the next 3 years and
Adjusted EBITDA of $0.9-$1 billion by fiscal 2027. In addition, we
remain committed to maintaining an investment-grade credit rating,
executing on our growth priorities and returning robust levels of
cash to shareholders through disciplined capital allocation,” said
Sean Keohane, President and Chief Executive Officer.
Join the Webcast
To listen to the live webcast, visit the Cabot Corporation 2024
Investor Day site at investorday.cabotcorp.com. Following the
event, a replay will be available on the Company’s investor
relations website cabotcorp.com/investors.
About Cabot Corporation
Cabot Corporation (NYSE: CBT) is a global specialty chemicals
and performance materials company headquartered in Boston,
Massachusetts. The company is a leading provider of reinforcing
carbons, specialty carbons, battery materials, engineered elastomer
composites, inkjet colorants, masterbatches and conductive
compounds, fumed metal oxides and aerogel. For more information on
Cabot, please visit the company’s website at cabotcorp.com. The
Company regularly posts important information on its website and
encourages investors and potential investors to consult the Cabot
website regularly.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: Certain statements and information in the press
release, particularly statements and information regarding future
financial performance, and expectations and objectives of
management constitute forward-looking statements. Our
forward-looking statements are subject to risks and uncertainties,
which may cause actual results to differ materially from those
projected or implied by the forward-looking statement.
Forward-looking statements are based on current expectations and
assumptions and currently available data and are neither
predictions or guarantees of future events or performance. We do
not undertake to update or revise any forward-looking statements
after they are made, whether as a result of new information, future
events, or otherwise, except as required by applicable law. For a
discussion of some of the important factors that could cause actual
results to differ from those contained in the forward -looking
statements, please consult the “Risk Factors” section of the
Company’s most recent Annual Report on Form 10-K.
Non-GAAP Measures:
This press release contains certain non-GAAP measures which are
provided to assist in an understanding of Cabot’s business and its
performance. These measures should always be considered in
conjunction with the appropriate GAAP measures. Please consult the
slides that accompany this press release for information about
these measures.
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Investors: Steve Delahunt (617) 342-6255
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