Cabot Corporation Highlights Growth Strategy and 3-Year Financial Targets at Investor Day
BOSTON, December 04, 2024–(BUSINESS WIRE)–Cabot Corporation (NYSE: CBT) today hosts its 2024 Investor Day in Boston, MA. Sean Keohane, President and Chief Executive Officer, and other members of Cabot’s executive management team, will provide an in-depth review of the Company’s strategic vision and financial targets for the next three years. The live event will begin at 9:30 AM EST and will be webcast live.
Creating for Tomorrow Strategy
Cabot’s “Creating for Tomorrow” strategy, originally introduced at the Company’s 2021 Investor Day, is underpinned by its purpose to create materials that improve daily life and enable a more sustainable future. The strategy focuses on three key pillars;
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Grow: Focus on strategic investments to achieve advantaged growth
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Innovate: Developing innovative products and processes that enable a better future
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Optimize: Driving continuous improvement in everything we do
Over the past three years, Cabot has delivered significant results by leveraging its market leadership, performance capabilities, and commitment to sustainability. The Company achieved its 3-year corporate targets, delivering the top end of its Adjusted EPS CAGR target range of 8-12%, and exceeding its 3-year cumulative Discretionary Free Cash Flow Generation (DFCF) target of over $1 billion, with $1.2 billion of DFCF over the 3-year period.
Key Themes for 2024 Investor Day
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Building on our proven track record of delivering on our financial commitments
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Continuing the execution of our Creating for Tomorrow strategy
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Investing in high-growth vectors, such as battery materials with new capacity to meet growth in customer demand
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Elevating performance in our industry leading businesses through commercial and operational excellence, innovation and advantaged growth investments
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Winning the sustainability transition
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Maintaining a strong balance sheet and investment-grade credit rating to support our capital allocation framework
3-Year Financial Targets
Cabot is introducing the following 3-year financial targets:
“As we build on this momentum, Cabot remains committed to creating long-term value for our shareholders through earnings growth, robust cash flow generation, and disciplined capital allocation. With our global scale, operational and commercial excellence, and commitment to sustainability, we are confident in our ability to achieve our next set of strategic objectives, including an Adjusted EPS CAGR of 7-10% over the next 3 years and Adjusted EBITDA of $0.9-$1 billion by fiscal 2027. In addition, we remain committed to maintaining an investment-grade credit rating, executing on our growth priorities and returning robust levels of cash to shareholders through disciplined capital allocation,” said Sean Keohane, President and Chief Executive Officer.
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