05:33 PM EDT, 05/06/2024 (MT Newswires) -- Cabot (CBT) reported fiscal Q2 adjusted earnings late Monday of $1.78 per share, up from $1.33 a year earlier.

Analysts polled by Capital IQ expected $1.66 per share.

Net sales and other operating revenue for the quarter ended March 31 were $1.02 billion, down from $1.03 billion a year earlier. Analysts surveyed by Capital IQ expected $1.05 billion.

The company raised its 2024 guidance for adjusted EPS to $6.65 to $6.85 from $6.30 to $6.80 previously. Analysts in a Capital IQ poll expected $6.64.

Cabot also increased its quarterly divided to $0.43 per share from $0.40, payable June 14 to stockholders of record on May 31.

Price: 96.56, Change: +0.62, Percent Change: +0.65