CABOT CORP
For the period ended Sep 30, 2024. Filed Nov 20, 2024.
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FY2024 · Filed Nov 20, 2024
CBT$71.85+1.1%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| (In millions, except per share amounts) | |||
| Net sales and other operating revenues | $3,994 | $3,931 | $4,321 |
| Cost of sales | 3,034 | 3,092 | 3,436 |
| Gross profit | 960 | 839 | 885 |
| Selling and administrative expenses | 283 | 253 | 258 |
| Research and technical expenses | 63 | 57 | 55 |
| Loss on sale of business and asset impairment charge (Note D) | — | 3 | 207 |
| Gain on bargain purchase of a business (Note C) | — | — | (24) |
| Income (loss) from operations | 614 | 526 | 389 |
| Interest and dividend income | 32 | 31 | 11 |
| Interest expense | (81) | (90) | (56) |
| Other income (expense) | (36) | (16) | (9) |
| Income (loss) from operations before income taxes and equity in earnings of affiliated companies | 529 | 451 | 335 |
| (Provision) benefit for income taxes | (111) | 28 | (102) |
| Equity in earnings of affiliated companies, net of tax | 6 | 5 | 10 |
| Net income (loss) | 424 | 484 | 243 |
| Net income (loss) attributable to noncontrolling interests, net of tax of $11, $9 and $8 | 44 | 39 | 34 |
| Net income (loss) attributable to Cabot Corporation | $380 | $445 | $209 |
| Weighted-average common shares outstanding: | |||
| Basic | 55.1 | 56.1 | 56.5 |
| Diluted | 55.7 | 56.5 | 56.9 |
| Earnings (loss) per common share: | |||
| Basic | $6.79 | $7.79 | $3.65 |
| Diluted | $6.72 | $7.73 | $3.62 |
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