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12-01 :: January 2012
nanotimes
Companies Facts
Furthermore, the Board of Directors of Cabot Corpo- ration declared a quarterly dividend of $0.18 per share on all outstanding shares of the Corporation’s common stock. The dividend is payable on March 9, 2012, to stockholders of record at the close of business on February 24, 2012.
Cabot Corporation has also closed the sale of its Su- permetals Business to Global Advanced Materials. The sale resulted in an initial cash payment of $175 million. Additional cash consideration will total a minimum of $275 million, consisting of the remai- ning $215 million purchase price, a minimum of $11 million of payments based on the future performance of the business and approximately $50 million for the sale of excess inventory, to be paid within a two-year period. The transaction is estimated to result in a pre-tax gain of approx. $330 million, approx. $300 million of which is expected to be recorded during the second quarter of fiscal 2012 with the remain- der recorded over the next two years. The Company expects to receive after-tax proceeds of approximate- ly $430 million over the two year period. The assets involved in the transaction include facilities in Boyer- town, Pa and Aizuwakamatsu, Japan.
Cabot also launched a new technical solution for the bonding paste market that sets new industry benchmarks for performance, ease of use and ma- nufacturing efficiency. The new particle, CAB-O-SIL® ULTRABOND™ 4740, is a high-performance treated fumed silica for bonding paste applications. The most common use is the production of windmill blades for wind turbine generators. Typically, a windmill blade consists of two pieces that are bonded toge- ther. Today’s blades are up to 80 meters long and
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can weigh as much as 15 tons. These two pieces are integrated together with bonding paste.
abot Microelectronics Corporation (NASDAQ: CCMP), reported financial results for its first
quarter of fiscal 2012, which ended December 31, 2011. Cabot‘s total revenue during the first fiscal quarter was $102.1 million, which reflects a decre- ase of 10.6% compared to the same quarter last year and a decrease of 6.9% compared to the prior quarter primarily due to continued soft semiconduc- tor industry demand. The company achieved a gross profit margin of 48.3% of revenue in the first fiscal quarter and diluted earnings per share of $0.45.