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Recent Updates — CBT

September 15, 2026View Source ↗

Cabot Corporation appointed Steven J. Delahunt as interim Chief Financial Officer, effective October 1, 2026, replacing Erica McLaughlin who transitions to President and Chief Executive Officer. Delahunt, currently Vice President and Treasurer, will receive a monthly cash stipend of $35,000 during his interim tenure while the company searches for a permanent CFO. This leadership change follows the previously announced promotion of McLaughlin from her role as Executive Vice President, Chief Financial Officer and Head of Corporate Strategy to succeed Sean Keohane as CEO.

August 21, 2026View Source ↗

On August 21, 2026, Cabot Corporation completed the issuance of $350 million in aggregate principal amount of 4.950% senior notes due 2029 under an automatically effective shelf registration statement. The company intends to use the net proceeds primarily to redeem its outstanding $250 million of 3.40% Senior Notes maturing in September 2026, with remaining funds allocated for working capital and general corporate purposes. Cabot Corporation operates in the specialty chemicals industry, manufacturing carbon black, titanium dioxide, and performance additives.

August 14, 2026View Source ↗

Cabot Corporation entered into an underwriting agreement on August 12, 2026, to issue and sell $350 million aggregate principal amount of 4.950% notes due in 2029. The offering is registered under an automatically effective shelf registration statement filed on December 15, 2023. Citigroup Global Markets Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC, and U.S. Bancorp Investments Inc. are acting as representatives of the underwriters. Closing is expected around August 21, 2026, subject to customary conditions. Issuance expenses excluding underwriting discounts total approximately $1.08 million. Cabot Corporation operates in the specialty chemicals industry, producing carbon black and other advanced materials.

August 3, 2026View Source ↗

Cabot Corporation reported third-quarter fiscal 2026 results with diluted EPS of $0.12 and adjusted EPS of $1.67, compared to diluted EPS of $1.86 in the prior year period. Net sales were $982 million, up from $923 million, while net income attributable to Cabot dropped significantly to $6 million due to a $1.55 per share charge for restructuring and employee benefit plan terminations. The company announced that Erica McLaughlin will succeed Sean Keohane as President and CEO on October 1, 2026. Management tightened its full-year fiscal 2026 adjusted EPS guidance range from $6.00-$6.50 to $6.15-$6.45 per share. Cabot Corporation operates in the specialty chemicals and performance materials industry.

July 30, 2026View Source ↗

Cabot Corporation announced that President and CEO Sean D. Keohane will retire effective September 30, 2026, stepping down from the Board of Directors while remaining in an advisory role through December 31, 2026. The Board elected Executive Vice President Erica McLaughlin as his successor, effective October 1, 2026, appointing her as President and CEO and adding her to the Board. Ms. McLaughlin’s base salary was increased to $910,000 annually with a target short-term incentive award of 120% of base salary for fiscal 2027. The company has initiated a search for a new Chief Financial Officer following Ms. McLaughlin's transition from that role. Cabot Corporation operates in the specialty chemicals and performance materials industry, providing reinforcing carbons, battery materials, and engineered elastomer composites.