Cabot Corporation (NYSE:CBT) Q1 2024 Earnings Conference Call February 6, 2024 8:00 AM ET

Company Participants

Steve Delahunt - Vice President, Treasurer and Investor Relations

Sean Keohane - Chief Executive Officer and President

Erica McLaughlin - Executive Vice President and Chief Financial Officer

Conference Call Participants

David Huang - Deutsche Bank

Laurence Alexander - Jefferies

Chris Kapsch - Loop Capital Markets

James Cannon - UBS

John Roberts - Mizuho

Operator

Good day, and thank you for standing by. Welcome to Cabot's First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Steve Delahunt, Vice President, Treasurer and Investor Relations. Please go ahead, sir.

Steve Delahunt

Thanks, Norma. Good morning. I would like to welcome you to the Cabot Corporation earnings teleconference.

With me today are Sean Keohane, CEO and President; and Erica McLaughlin, Executive Vice President and CFO.

Last night, we released results for our first quarter of fiscal year 2024, copies of which are posted in the Investor Relations section of our website. The slide deck that accompanies this call is also available on the Investor Relations portion of our website and will be available in conjunction with the replay of the call.

During this conference call, we will make forward-looking statements about our expected future operational and financial performance. Each forward-looking statement is subject to risks and uncertainties that could cause actual results to differ materially from those projected in such statements. Additional information regarding these factors appears in the press release we issued last night and in our 10-K for the fiscal year ended September 30, 2023, and in subsequent filings we make with the SEC, all of which are also available on the company's website.

In order to provide greater transparency regarding our operating performance, we refer to certain non-GAAP financial measures that involve adjustments to GAAP results. The non-GAAP financial measures referenced on this call are reconciled to the most directly comparable GAAP financial measure in a table at the end of our earnings release issued last night and available in the Investors section of our website.

I will now turn the call over to Sean, who will discuss the first quarter highlights, followed by an update on our execution against our strategy and then discuss the company's recent cash flow performance. Erica will review the first quarter financial highlights and the business segment results. Following this, Sean will provide a strategic summary and closing comments and open the floor to questions. Sean?