Cabot Corporation Completes Sale of Specialty Fluids Business
“We are pleased to have completed the sale of the Specialty Fluids business to Sinomine at an attractive value for our shareholders. I would like to thank the Specialty Fluids team for their hard work over the years to generate strong performance for the Company, and those efforts are reflected in this transaction,” said
At closing, Cabot received
In fiscal 2018, earnings before interest, tax, depreciation and amortization (EBITDA) reported for the Specialty Fluids segment was
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release involving the Company that are not statements of historical fact, including our expectations regarding the cash tax impact to the proceeds, are forward-looking statements and are subject to risks and uncertainties. For a discussion of the risks and uncertainties that could cause results to differ from those expressed in the forward-looking statements, see “Risk Factors” in the Company’s Annual Report on Form 10-K.
USE OF NON-GAAP FINANCIAL MEASURE
This press release includes a discussion of EBITDA for the Specialty Fluids segment for fiscal year 2018, which is a non-GAAP financial measure. EBITDA is not computed in accordance with generally accepted accounting principles (“GAAP”) and should not be considered as an alternative to financial measures computed in accordance with GAAP. A reconciliation of Specialty Fluids EBITDA to Specialty Fluids EBIT, the most directly comparable GAAP financial measure, is provided with the Non-GAAP Reconciliations for Q4 2018 on the Investors section of the
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