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Stock impact report

Grace Increases Share Repurchase Authorization to $250 Million

W.R. Grace & Co. (GRA) 
Last w.r. grace & co. earnings: 4/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: investor.grace.com
Company Research Source: GlobeNewswire
COLUMBIA, Md., Feb. 28, 2020 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE:GRA) today announced that its Board of Directors increased its share repurchase authorization to $250 million, including approximately $83 million remaining under its previously-announced program. In the first quarter, Grace has repurchased more than $25 million of its common stock. Since February 2014, the company has repurchased approximately $1.2 billion of its common stock. “We are confident in our long-term growth drivers and the payback on the commercial excellence and operating excellence investments we are making,” said Hudson La Force, Grace’s President and Chief Executive Officer. “This authorization demonstrates our continued commitment to increasing long-term shareholder value. Our strong balance sheet and cash flow provide the flexibility to invest in our strategic growth initiatives, pursue bolt-on acquisitions, and return capital to our shareholders while remaining committed to our target levera Show less Read more
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