CBT Filings — Cabot Corporation

CBT Filings — Cabot Corporation - FilingSpy

10-Q · Quarter ended Jun 30, 2026 · SEC filing ↗

Reinforcement Materials EBIT fell 41% to $75M as lower 2026 customer pricing and competitive pressure took full effect.

The pricing reset in Reinforcement Materials deepened, pulling down 41% from a year ago. rose 6.4% to $982M but narrowed 7.7 points to 18.7% and fell 93.5% to $0.12, as a $75M Reinforcement Materials decline more than offset a $12M gain in Performance Chemicals. The company's earnings power now depends almost entirely on whether the Reinforcement Materials customer agreement cycle has bottomed.

Key takeaways

Reinforcement Materials fell $52M to $75M, driven by lower per ton from unfavorable calendar year 2026 customer agreements and increased competitive intensity in Asia Pacific.
Performance Chemicals rose $12M to $69M, supported by higher volumes in battery materials and specialty carbons, along with improved per ton from favorable product mix and cost optimization.
narrowed 7.7 points to 18.7%, the lowest quarterly level in the table, as the Reinforcement Materials pricing reset overwhelmed the margin benefit from a mix shift toward higher-margin Performance Chemicals.

Section summaries

Legal Proceedings

Cabot discloses respirator liabilities, a new environmental accrual, and ordinary-course matters, with no material proceedings otherwise.

Cabot's subsidiary assumed a portion of American Optical's respirator liabilities from a 1990 acquisition, facing claims for personal injury like asbestosis and silicosis.
As of June 30, 2026, the Company has a $32 million reserve for its estimated share of pending and future respirator claims and defense costs, mostly expected over ten years.
The respirator liability estimate could change materially due to factors like claim volumes, settlement costs, legal changes, or the financial viability of other responsible parties.

CBT

CBT

Reinforcement Materials EBIT fell 41% to $75M as lower 2026 customer pricing and competitive pressure took full effect.

Key takeaways

Section summaries

Legal Proceedings

What changed

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