Cabot full-year earnings up 16% despite lower volumes

ERJ staff report (LMH)

Boston, Massachusetts – Carbon black and speciality chemical company Cabot Corp. has reported full year earnings (EBITDA) of $508 million, an increase of 16% year-on-year, despite lower volumes.

For the fiscal year ended the 30 Sept 2012, Cabot said sales were $3.3 billion up from $3.1 billion in 2011. Fourth-quarter sales were $389 million up from $236 million in 2011.

Sales in the rubber blacks business were $227 million, up from $183 million in 2011.

Cabot also reported a 37% improvement…

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