{"id":792179,"date":"2024-12-03T16:39:48","date_gmt":"2024-12-03T21:39:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cabot-corp-board-increases-share-repurchase-authorization-by-10-million-shares\/"},"modified":"2024-12-03T16:39:48","modified_gmt":"2024-12-03T21:39:48","slug":"cabot-corp-board-increases-share-repurchase-authorization-by-10-million-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cabot-corp-board-increases-share-repurchase-authorization-by-10-million-shares\/","title":{"rendered":"Cabot Corp Board Increases Share Repurchase Authorization by 10 Million Shares"},"content":{"rendered":"

<\/p>\n

Cabot Corp Board Increases Share Repurchase Authorization by 10 Million Shares<\/b><\/p>\n

BOSTON–(BUSINESS WIRE<\/a>)–Cabot Corporation<\/a> (NYSE: CBT) Board of Directors authorized the Company to repurchase up to ten million additional shares of the Company\u2019s common stock, increasing the current amount of shares available for repurchase to approximately eleven million.<\/p>\n

\n\u201cOur \u2018Creating for Tomorrow\u2019 strategy is underpinned by a balanced capital allocation framework of investing for advantaged growth and returning cash to shareholders through a combination of dividends and share repurchases. The Board\u2019s actions confirm our commitment to this strategy,\u201d said Sean Keohane, president and chief executive officer. \u201cReturning cash to our shareholders is an important component of our capital allocation framework and this authorization demonstrates our confidence in the expected earnings performance and cash flow generation of our businesses over the coming years.\u201d<\/p>\n

\nThe timing and amount of any shares repurchased will be determined by Cabot\u2019s management based on its evaluation of market conditions and other factors. Shares will be repurchased in the open market or in privately negotiated transactions using the Company\u2019s existing sources of liquidity and free cash flow generated in the future. All shares repurchased will be retired and restored to the status of authorized but unissued shares of common stock of the Company. This authorization has no time limit and may be suspended or discontinued at any time.<\/p>\n

About Cabot Corporation<\/span><\/b><\/p>\n

\nCabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company is a leading provider of reinforcing carbons<\/a>, specialty carbons<\/a>, battery materials<\/a>, engineered elastomer composites<\/a>, inkjet colorants<\/a>, masterbatches and conductive compounds<\/a>, fumed metal oxides<\/a> and aerogel<\/a>. For more information on Cabot, please visit the company\u2019s website at cabotcorp.com<\/a>. The Company regularly posts important information on its website and encourages investors and potential investors to consult the Cabot website regularly.<\/p>\n

\nSafe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in the press release regarding Cabot\u2019s sources of cash to fund its repurchases, and Cabot’s business that are not historical facts are forward looking statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward looking statements, see “Risk Factors” in the Company’s Annual Report on Form 10-K.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241203685540\/en\/<\/a><\/span><\/p>\n

\nInvestor Contact: Steve Delahunt
\n
(617) 342-6255<\/i><\/p>\n

KEYWORDS:<\/b> Massachusetts United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Chemicals\/Plastics Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Cabot Corp Board Increases Share Repurchase Authorization by 10 Million Shares BOSTON–(BUSINESS WIRE)–Cabot Corporation (NYSE: CBT) Board of Directors authorized the Company to repurchase up to ten million additional shares of the Company\u2019s common stock, increasing the current amount of shares available for repurchase to approximately eleven million. \u201cOur \u2018Creating for Tomorrow\u2019 strategy is underpinned by a balanced capital allocation framework of investing for advantaged growth and returning cash to shareholders through a combination of dividends and share repurchases. The Board\u2019s actions confirm our commitment to this strategy,\u201d said Sean Keohane, president and chief executive officer. \u201cReturning cash to our shareholders is an important component of our capital allocation framework and this authorization demonstrates our confidence in the expected earnings … <\/p>\n

Continue reading “Cabot Corp Board Increases Share Repurchase Authorization by 10 Million Shares”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-792179","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCabot Corp Board Increases Share Repurchase Authorization by 10 Million Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cabot-corp-board-increases-share-repurchase-authorization-by-10-million-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabot Corp Board Increases Share Repurchase Authorization by 10 Million Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cabot Corp Board Increases Share Repurchase Authorization by 10 Million Shares BOSTON–(BUSINESS WIRE)–Cabot Corporation (NYSE: CBT) Board of Directors authorized the Company to repurchase up to ten million additional shares of the Company\u2019s common stock, increasing the current amount of shares available for repurchase to approximately eleven million. \u201cOur \u2018Creating for Tomorrow\u2019 strategy is underpinned by a balanced capital allocation framework of investing for advantaged growth and returning cash to shareholders through a combination of dividends and share repurchases. The Board\u2019s actions confirm our commitment to this strategy,\u201d said Sean Keohane, president and chief executive officer. \u201cReturning cash to our shareholders is an important component of our capital allocation framework and this authorization demonstrates our confidence in the expected earnings … Continue reading "Cabot Corp Board Increases Share Repurchase Authorization by 10 Million Shares"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cabot-corp-board-increases-share-repurchase-authorization-by-10-million-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-03T21:39:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20241203685540r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cabot-corp-board-increases-share-repurchase-authorization-by-10-million-shares\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cabot-corp-board-increases-share-repurchase-authorization-by-10-million-shares\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Cabot Corp Board Increases Share Repurchase Authorization by 10 Million Shares\",\"datePublished\":\"2024-12-03T21:39:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cabot-corp-board-increases-share-repurchase-authorization-by-10-million-shares\\\/\"},\"wordCount\":426,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cabot-corp-board-increases-share-repurchase-authorization-by-10-million-shares\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20241203685540r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cabot-corp-board-increases-share-repurchase-authorization-by-10-million-shares\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cabot-corp-board-increases-share-repurchase-authorization-by-10-million-shares\\\/\",\"name\":\"Cabot Corp Board Increases Share Repurchase Authorization by 10 Million Shares - 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