Grace Reports First Quarter 2018 Results
W.R. Grace & Co. (GRA)
Last w.r. grace & co. earnings: 4/30 06:00 am
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US:NYSE Investor Relations:
investor.grace.com
Company Research
Source: GlobeNewswire
Net sales up 8.4%; Higher sales volumes and improved pricing in both segments; seventh consecutive quarter of year-over-year sales growthDiluted EPS of $0.64, up 1.6%; Adjusted EPS of $0.82, up 20.6%Completed strategic acquisition of polyolefin catalysts business on April 3Raising full-year 2018 sales and earnings guidance COLUMBIA, Md., April 25, 2018 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE:GRA) today announced financial results for the first quarter 2018, summarized in the table below, and raised its full-year 2018 sales and earnings guidance reflecting strong demand for its value-added products and higher earnings expectations. Summary Financial Results - Total Grace (In $ millions, except per share amounts)1Q18 1Q17 ChangeNet sales431.5 398.0 8.4%Net sales, constant currency 4.2%Net income43.6 42.9 1.6% Adjusted EBIT95.8 86.8 10.4%Adjusted EBIT margin22.2%
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