Cabot-cblack

Higher margins, China demand drive Cabot growth

Boston, Massachusetts – Cabot Corp’s Reinforcement Materials segment has posted a 59% year-on-year increase in earnings (EBIT) during its second quarter which ended 31 March, the company announced 1 May.

Earnings increased by $20 million (€18.3 million) to $54 million compared to the second quarter of fiscal 2016, mainly principally driven by higher unit margins and volumes from calendar year 2017 customer agreements and an improved demand environment in China.

Segment sales rise to $352 million in the second quarter this year, compared to $261 million for…

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