CABOT CORP [CBT] reports $484.0M profit for year ended Sep 30, 2023

CABOT CORP [CBT] has reported $484.0M profit for year ended Sep 30, 2023.

The Boston, Massachusetts based company recorded net profit of $484.0M on operating income of $526.0M. Earnings per share rose to $7.7.

In the consolidated income statement for the 12 months ended September 30, 2023, revenue was $3.931 billion, compared to $4.321 billion in the previous year. This represents a decrease in revenue for the current reporting period. The cost of goods sold for the current period was $3.092 billion, compared to $3.436 billion in the previous year, indicating a decrease in costs. Net income for the current period was $484 million, while it was $243 million in the previous year. This demonstrates an increase in net income for the current reporting period. Earnings per share for basic and diluted amounts were $7.79 and $7.73, respectively, for the current year, compared to $3.65 and $3.62 in the previous year. These values show an improvement in earnings per share for the current reporting period. Additionally, the loss on the sale of business and asset impairment charge for the Purification Solutions Member was $197 million.