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Cabot (CBT) Unveils Technology Platform for Reinforcing Carbons

Cabot Corporation CBT has launched EVOLVE Sustainable Solutions, a new technology platform designed to advance sustainable reinforcing carbons. The company has introduced two new products that will be sold under its first-ever International Sustainability & Carbon Certification (ISCC PLUS) certified solutions. Cabot aims to use its technology platform to create sustainable products that provide reliable performance at an industrial scale. This objective will be achieved by leveraging circular value chains, materials obtained from end-of-life tires, renewable and bio-based sources, and processes that minimize greenhouse gas (GHG) emissions.

Environmental pressures have created a strong demand for sustainable reinforcing carbon solutions that reduce GHG emissions while supporting a circular sustainable economy. Cabot’s EVOLVE Sustainable Solutions play an important role in its journey to provide efficient ways to develop materials that enhance daily life and support a more sustainable future. By concentrating on developing cutting-edge sustainable products and process technologies, the platform will enable Cabot to deliver industry-standard performance, quality and consistency at a large scale.

The company stated that the launch of EVOLVE Sustainable Solutions platform has enabled it to offer new products and processes that provide a sustainable benefit through collaboration with its customers to deliver solutions that address some of the most suppressing sustainability challenges. The company also stated that it has several projects in collaboration with its customers and technology partners, which are lined up to provide a strong, sustainable material pipeline. With a history of more than 140 years, Cabot has established itself as a prominent player in its industry. Its EVOLVE Sustainable Solutions platform will enhance its efforts to offer innovative solutions that combine decarbonization and circular economy strategies to achieve its sustainability goals.

Shares of Cabot have gained 9.4% against a 5.4% fall recorded by its industry.

Zacks Investment Research
Zacks Investment Research


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Cabot, on its fourth-quarter call, said that it expects its Reinforcement Materials segment to benefit from customer agreements that took effect in January 2023. The company’s Performance Chemicals segment is also projected to benefit from the increasing demand for battery materials and inkjet applications and rising volumes across major product lines. It sees adjusted earnings for fiscal 2023 in the range of $6.25-$6.75 per share.

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Cabot Corporation Price and Consensus

Cabot Corporation price-consensus-chart | Cabot Corporation Quote

Zacks Rank & Key Picks

Cabot currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space are ATI Inc. ATI, Olympic Steel, Inc.  ZEUS and Cal-Maine Foods, Inc. CALM. ATI currently carries a Zacks Rank #2 (Buy), while ZEUS and CALM sport a Zacks Rank #1(Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.  

ATI’s shares have gained 38.8% in the past year. The Zacks Consensus Estimate for ATI’s current-year earnings has been revised 1.9% upward in the past 60 days. The company has an earnings growth rate of 9% for the current year.

ATI topped Zacks Consensus Estimate in all the last four quarters. It delivered a trailing four-quarter earnings surprise of 32.4% on average.

Olympic Steel’s shares have gained 47.7% in the past year. The Zacks Consensus Estimate for ZEUS’ current-year earnings has been revised 61% upward in the past 60 days. It topped Zacks Consensus Estimate in all the last four quarters. It delivered a trailing four-quarter earnings surprise of 26.2% on average.

Cal-Maine’s shares have gained 9.4% in the past year. The company has an earnings growth rate of 515.8% for the current year. The Zacks Consensus Estimate for CALM’s current-year earnings has been revised 19% upward in the past 60 days.

CALM topped Zacks Consensus Estimate in three of the last four quarters. It delivered a trailing four-quarter earnings surprise of 15.3% on average.




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