Mon, Jun. 29, 3:58 PM
- Calgon Carbon (CCC -8.1%) is sharply lower after the Supreme Court ruled against the EPA's recent mercury emissions mandate, which sent coal stock prices soaring.
- CCC says that while the Court's decision is disappointing, mercury control regulations are in place in many states and Canada that already have established a sizable market; CCC says it continues to expect to increase its activated carbon mercury removal market revenues by ~50% this year.
- Specialty chemical companies Albemarle (ALB -4.9%) and Cabot (CBT -6.6%), which also may have benefited from increased sales of bromine and activated carbon used to reduce mercury, fell sharply.
- Also posting big losses: ADES -9.6%, GTLS -5.4%, LDL -5.1%, ESE -2.7%, ECL -2.4%, DHR -1.2%.
Wed, Jan. 28, 4:29 PM
Jun. 17, 2013, 2:41 PMCabot (CBT +2.9%) shares are up sharply after announcing earlier the purchase of the remaining 60% stake in its Mexican carbon black manufacturing joint venture from Grupo Kuo for $105M, a move CBT says will bolster its carbon black business in North America and globally. CBT has owned ~40% of the NHUMO joint venture since 1990. CBT expects ~$0.15/share earnings accretion in FY 2014 from the deal. | Jun. 17, 2013, 2:41 PM | Comment!
Jan. 31, 2013, 11:23 AM
May 2, 2012, 3:59 PMCabot (CBT +4%) shares hit a 52-week high as FQ2 profit surged past expectations, and core earnings rose due to higher pricing for its primary product. Also, CBT received its first payment for the sale of a major business. The chemical and specialty materials company says it can meet its long-term financial targets of $4.50 adjusted EPS in 2014 with adjusted return on invested capital over 13%. | May 2, 2012, 3:59 PM | Comment!
May 1, 2012, 6:28 PM
Cabot Corp is a specialty chemicals and performance materials Company. The Company offers ubber and specialty grade carbon blacks, fumed metal oxides, inkjet colorants, aerogel, cesium formate drilling fluids and activated carbon.
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