Cabot corp reports q2 adjusted earnings per share $0.77

Reports second quarter fiscal 2020 results.q2 adjusted earnings per share $0.77.q2 earnings per share estimate $0.69 -- refinitiv ibes data.q2 loss per share $0.01.company finished quarter with cash and committed loan facilities of $1.3 billion.estimated covid-19 impact to ebit in q2 was $21 million, primarily due to lower sales in china.liquidity remains strong as the company finished the quarter with cash and committed loan facilities of $1.3 billion.experienced rapid decline in volume across americas and emea primarily in reinforcement materials in last two weeks of march.expect lower demand due to the impact of the covid-19 pandemic to continue, with a pronounced effect on fiscal third quarter results.expect lower demand due to impact of covid-19 pandemic to continue, with a pronounced effect on fiscal q3 results.at the segment level, we expect a significant reduction in demand in reinforcement materials in the third fiscal quarter.cabot - in short-term, expect falling raw material prices & intense focus on working capital efficiency to provide strong operating cash flow generation.reducing further capital spending levels for fiscal year to about$200 million.expect the purification solutions segment will see year-over-year declines in quarterly ebit due to the impact of covid-19.temporarily halted share repurchases, and have taken appropriate cost reduction actions to conserve cash.qtrly net sales $710 million versus $844 million.
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