BOSTON—Cabot Corp. is optimistic about its "growth runway" as the economic recovery continues to strengthen globally, according to President and CEO Sean Keohane.
The group's reinforcement materials segment, which includes tire and rubber carbon blacks, posted earnings (EBITDA) of $105 million for the last three months of December—64 percent above the prior-year figure.
Sales for the final quarter fell 1 percent year-on-year to $375 million, despite a slight increase in volumes, Cabot officials reported in a Feb. 2 first quarter presentation.