Wedoany.com Report on Feb 10th, Cabot, a specialty chemical and applied materials company, recently announced its financial results for the first quarter of fiscal year 2026. Affected by the demand environment in major global markets, the company's net profit for the quarter was $73 million, a 21% decrease compared to the same period last year; net sales were $849 million, an 11% year-on-year decline.

Company CEO Sean Keohane stated: "The impact of tire imports on the European and American markets continues to affect the demand environment for its reinforcement materials business. However, in the specialty chemicals segment, the diversified product portfolio is expected to achieve profitable growth in fiscal year 2026, with the battery materials product line maintaining strong momentum."

Looking at the business segments, the Reinforcement Materials segment reported sales of $520 million for the quarter, a 15% year-on-year decrease; EBIT declined by 22% year-on-year. The Specialty Chemicals segment reported sales of $300 million, a 4% decrease, but achieved a 9% growth in EBIT due to product portfolio optimization.

Based on the current market situation, Cabot has adjusted its full-year performance expectations for fiscal year 2026, narrowing the earnings per share (EPS) guidance range to $6.00 to $6.50. In the previous fiscal year, the company's actual EPS was $7.25. This quarter, the company's adjusted EPS was $1.53, exceeding market expectations.