CABOT CORP (CBT) [Rocket]

In millions, except per share items	Sep-30-22	Sep-30-21	Sep-30-20	Sep-30-19	Sep-30-18	Sep-30-17	Sep-30-16	Sep-30-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Reinforcement Materials	2,575.0	1,781.0	1,256.0	1,815.0	1,774.0	1,381.0	1,108.0	1,507.0
Performance Chemicals	1,372.0	1,148.0	933.0	995.0	1,028.0	908.0	865.0	927.0
Purification Solutions	97.0	257.0	253.0	278.0	279.0	281.0	290.0	296.0
Corporate and Other	277.0	223.0	172.0	193.0	116.0	106.0	101.0	99.0
Specialty Fluids				56.0	45.0	41.0	47.0	42.0
Total revenues	4,321.0	3,409.0	2,614.0	3,337.0	3,242.0	2,717.0	2,411.0	2,871.0
Revenue growth [+]	26.8%	30.4%	-21.7%	2.9%	19.3%	12.7%	-16.0%	-21.3%
Reinforcement Materials	44.6%	41.8%	-30.8%	2.3%	28.5%	24.6%	-26.5%	-28.5%
Performance Chemicals	19.5%	23.0%	-6.2%	-3.2%	13.2%	5.0%	-6.7%	-9.3%
Purification Solutions	-62.3%	1.6%	-9.0%	-0.4%	-0.7%	-3.1%	-2.0%	-6.0%
Corporate and Other	24.2%	29.7%	-10.9%	66.4%	9.4%	5.0%	2.0%	-4.8%
Specialty Fluids				24.4%	9.8%	-12.8%	11.9%	-57.1%
Cost of goods sold	3,436.0	2,610.0	2,114.0	2,652.0	2,470.0	2,060.0	1,836.0	2,286.0
Gross profit	885.0	799.0	500.0	685.0	772.0	657.0	575.0	585.0
Gross margin	20.5%	23.4%	19.1%	20.5%	23.8%	24.2%	23.8%	20.4%
Selling, general and administrative	258.0	289.0	292.0	290.0	308.0	262.0	275.0	282.0
Research and development	55.0	56.0	57.0	60.0	66.0	57.0	53.0	58.0
Equity in earnings	10.0	3.0	3.0	1.0	2.0	7.0	3.0	4.0
Other operating expenses	183.0		130.0	29.0			-23.0
EBITDA [+]	545.0	617.0	182.0	455.0	549.0	500.0	434.0	432.0
EBITDA growth	-11.7%	239.0%	-60.0%	-17.1%	9.8%	15.2%	0.5%	-19.4%
EBITDA margin	12.6%	18.1%	7.0%	13.6%	16.9%	18.4%	18.0%	15.0%
Depreciation and amortization	146.0	160.0	158.0	148.0	149.0	155.0	161.0	183.0
EBIT [+]	399.0	457.0	24.0	307.0	400.0	345.0	273.0	249.0
EBIT growth	-12.7%	1804.2%	-92.2%	-23.3%	15.9%	26.4%	9.6%	-25.7%
EBIT margin	9.2%	13.4%	0.9%	9.2%	12.3%	12.7%	11.3%	8.7%
Non-recurring items [+]					254.0		23.0	562.0
Asset impairment					254.0		23.0	562.0
Interest expense, net [+]	56.0	49.0	53.0	59.0	54.0	53.0	54.0	49.0
Interest expense	56.0	49.0	53.0	59.0	54.0	53.0	54.0	53.0
Interest income								4.0
Other income (expense), net [+]	-8.0	-2.0	-4.0	7.0	25.0	7.0	-5.0	-15.0
Gain (loss) on sale of business	-24.0
Other	-9.0	-7.0	-9.0		17.0	5.0	-7.0	-11.0
Pre-tax income	335.0	406.0	-33.0	255.0	117.0	299.0	191.0	-377.0
Income taxes	102.0	123.0	191.0	70.0	193.0	33.0	33.0	-45.0
Tax rate	30.4%	30.3%		27.5%	165.0%	11.0%	17.3%	11.9%
Minority interest	34.0	36.0	17.0	29.0	39.0	25.0	15.0	8.0
Earnings from continuing ops	209.0	250.0	-238.0	157.0	-113.0	248.0	146.0	-664.0
Earnings from discontinued ops							1.0	2.0
Net income	209.0	250.0	-238.0	157.0	-113.0	248.0	147.0	-662.0
Net margin	4.8%	7.3%	-9.1%	4.7%	-3.5%	9.1%	6.1%	-23.1%

Basic EPS [+]	$3.70	$4.41	($4.20)	$2.67	($1.83)	$3.98	$2.34	($10.47)
Growth	-16.1%	-204.9%	-257.2%	-246.0%	-146.0%	70.1%	-122.3%	-442.4%
Diluted EPS [+]	$3.67	$4.40	($4.20)	$2.67	($1.83)	$3.96	$2.32	($10.47)
Growth	-16.5%	-204.7%	-257.5%	-245.8%	-146.3%	70.4%	-122.2%	-446.1%

Dividends per share [+]	$1.48	$1.40	$1.40	$1.36	$1.29	$1.23	$1.04	$0.88
Growth	5.7%	0.0%	2.9%	5.4%	4.9%	18.3%	18.2%	4.8%

Shares outstanding (basic) [+]	56.5	56.7	56.6	58.7	61.7	62.3	62.4	63.4
Growth	-0.4%	0.2%	-3.6%	-4.9%	-1.0%	-0.2%	-1.6%	-1.6%
Shares outstanding (diluted) [+]	56.9	56.8	56.6	58.8	61.7	62.7	62.9	63.4
Growth	0.2%	0.4%	-3.7%	-4.7%	-1.6%	-0.3%	-0.8%	-2.6%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.