Cabot Q2 profits drop 89 percent on similar sales

ERJ staff report (BC)

Boston, Massachussetts – For the second quarter of fiscal 2013, carbon black manufacturer Cabot reported profit of $27m (€20.5m) on sales of $842m (€639m), as against $240m (€182m) on sales of $844m (€641m) in fiscal 2012.

CEO Patrick Prevost commented: “The global macroeconomic environment remained challenging this quarter. Our second quarter results, which included a disruption at a reinforcement materials plant in Japan, were in line with those for the first quarter of fiscal 2013. The disruption in Japan led to reduced volumes…

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