Cabot Corporation (NYSE:CBT) Q4 2019 Earnings Conference Call - Final Transcript

Nov 05, 2019 • 02:00 pm ET

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Cabot Corporation (NYSE:CBT) Q4 2019 Earnings Conference Call - Final Transcript

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Presentation
Executive
Sean D. Keohane

year benefit of transformation actions and as we continue to grow our specialty applications. We expect to experience normal seasonality in the first quarter but results are anticipated to deliver year-over-year improvement. Based on these factors we expect adjusted earnings per share to be in the range of $3.60 to $4.10.

The midpoint of this range reflects a growth rate of 7% as compared to fiscal year 2019 results excluding the Specialty Fluids segment. On the cash side we will continue to aggressively drive working capital improvement and expect to generate strong free cash flow in fiscal year 2020. We will use this cash to fund dividends share repurchases and debt management. Our strategy and goals remain unchanged. We will drive our Advancing the Core strategy and the strong cash flows that we generate will be deployed to fund advantaged growth investments and return cash to shareholders. The long-term fundamentals of our businesses are robust. Our market positions and global presence is unmatched and our balance sheet and liquidity provide strength and flexibility. I'm confident in our growth opportunities ahead and our ability to manage the businesses in a challenging environment.

Thank you very much for joining us today. And I will now turn the call back over for our question-and-answer session.