BOSTON—The first quarter of fiscal 2023 turned out to be a rather challenging one for Cabot Corp., but the specialty chemicals and performance materials company managed to sculpt some successes along the way.
"I am pleased with our first-quarter results as they were in line with our expectations, and the strategic developments that informed our full-year guide in November remain on track," Cabot CEO and President Sean Keohane said during a recent financial results call. "Overall, we are very pleased with our strategic progress, and we feel the company is well-positioned for another year of earnings growth."
Yes, he said, growth will come, despite the headwinds on the horizon.
And the company faced its fair share of strong headwinds in the first quarter, but showed its resiliency in the process.