Cabot Corporation — Feb 3, 2026 release

Additional uses of cash during the first quarter included $24 million for the payment of dividends and $52 million for share repurchases. Taxes – During the first quarter of fiscal 2026, the Company recorded a tax expense of $37 million with an effective tax rate of 31%. Our operating tax rate for fiscal 2026 is expected to be in the range of 27% to 29%.   Outlook Commenting on the outlook for the Company, Keohane said, “As we look ahead to the remainder of fiscal 2026, we are narrowing our Adjusted EPS for the full year to be in the range of $6.00 to $6.50 per share. This outlook incorporates the outcome of negotiations for our calendar year 2026 tire customer agreements.”   Keohane continued, “While the demand environment in Reinforcement Materials remains challenging and continues to be impacted by elevated levels of tire imports into the western geographies of Europe and the Americas, we are focused on countermeasures to manage this impact. These include cost reductions, optimization actions across our global footprint and capacity rationalization. In Performance Chemicals, we expect our diverse portfolio of applications to deliver earnings growth in fiscal 2026, including continued positive momentum in our Battery Materials product line.”   Keohane concluded, “Our focus on operational execution and prudent capital allocation remains unchanged. We expect to sustain our significant level of cash generation and maintain our investment grade balance sheet. This financial capacity allows us to invest in strategic growth prioritie