Cabot : 2Q 2026 Reconciliation

Published: 2026-05-06 08:00:14 ET CBT

Published on 05/06/2026 at 08:00 am EDT

Second 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 $ - (0.34) -

$ -

-

$ 2.64

(0.50)

$ 1.53

$ 1.61 $ -

$ -

$ 3.14

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 $ -

$ -

$ 238

Interest expense

18

18 -

-

36

Certain items

7

9 -

-

16

General unallocated (income) expense

(6)

(12) -

-

(18)

Less: Equity in earnings of affiliated companies

(1)

(2) -

-

(3)

Depreciation and amortization

41

44 -

-

85

Adjusted EBITDA

$ 179

$ 181 $ -

$ -

$ 360

Dollars in millions

Dec. Q

Mar. Q June Q

Sept. Q

FY 2026

Reinforcement Materials EBIT

$ 102

$ 93 $ -

$ -

$ 195

Reinforcement Materials Depreciation and amortization

19

21 -

-

40

Reinforcement Materials EBITDA

$ 121

$ 114 $ -

$ -

$ 235

Reinforcement Materials Sales

$ 520

$ 544 $ -

$ -

$ 1,064

Reinforcement Materials EBITDA Margin

23%

21% -%

-%

22%

Dollars in millions

Dec. Q

Mar. Q June Q

Sept. Q

FY 2026

Performance Chemicals EBIT

$ 48

$ 59 $ -

$ -

$ 107

Performance Chemicals Depreciation and amortization

22

23 -

-

45

Performance Chemicals EBITDA

$ 70

$ 82 $ -

$ -

$ 152

Performance Chemicals Sales

$ 300

$ 328 $ -

$ -

$ 628

Performance Chemicals EBITDA Margin

23%

25% -%

-%

24%

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 $ -

45 -

$ -

-

$ 203

114

$ 57

69

$ 32 $ -

45 -

$ -

-

$ 89

114

Less: Changes in net working capital (C)

Less: Sustaining and compliance capital expenditures

Discretionary free cash flow

5

50

(19) -

33 -

-

-

(14)

83

$ 71

$ 63 $ -

$ -

$ 134

(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.

Disclaimer

Cabot Corporation published this content on May 06, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 06, 2026 at 11:59 UTC.