Cabot Raises FY24 EPS Range From $6.65-$6.85 To $7.00-$7.10 Vs $6.74 Est.
Portfolio Pulse from Benzinga Newsdesk
Cabot Corporation has raised its FY24 EPS guidance from $6.65-$6.85 to $7.00-$7.10, driven by strong performance in its Performance Chemicals and Reinforcement Materials segments. The company expects over 30% year-over-year adjusted EPS growth and aims to deliver more than $1 billion in cumulative discretionary free cash flow over the last three fiscal years.
August 05, 2024 | 8:37 pm
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Cabot Corporation has raised its FY24 EPS guidance to $7.00-$7.10, reflecting strong performance in its Performance Chemicals and Reinforcement Materials segments. The company expects over 30% year-over-year adjusted EPS growth.
The raised EPS guidance indicates strong financial performance and positive future outlook, which is likely to boost investor confidence and drive the stock price up in the short term.
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