Cabot swings to loss on collapse of automotive

Cabot swings to loss on collapse of automotive
WESPECH PTE LTD
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10.08.2020

MOSCOW (MRC) -- Cabot Corporation (Boston, Massachusetts) reports a fiscal third-quarter net loss of USD6 million, down from income of USD32 million in the year-ago quarter, said Chemweek.Net sales totaled USD518 million, down 39% year-over-year (YOY) from USD845 million. The company attributes the results to the sharp decline in the automotive and tire sectors. Adjusted earnings per shar

Full article at mrcplast.com

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