W.R. Grace sees Q1 profit at high end of guidance, including negative impact of COVID-19 pandemic [MarketWatch]
W.R. Grace & Co. (GRA)
Last w.r. grace & co. earnings: 4/30 06:00 am
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Source: MarketWatch
W.R. Grace sees Q1 profit at high end of guidance, including negative impact of COVID-19 pandemic Shares of W.R. Grace & Co. GRA, +1.39% were indicated up a little over 1% in premarket trading Friday, after the specialty chemicals company said it expects first-quarter adjusted earnings per share to be at the high end of the guidance range of 65 cents to 72 cents provided in early February. The company said its outlook included a negative EPS impact of about 6 cents to 10 cents from the effects of the COVID-19 pandemic. The company is expected to report first-quarter earnings on April 30. W.R. Grace said it expects its full-year results to be negatively impacted by the pandemic, but said its manufacturing operations and supply chain have so far not been materially impacted. "Our businesses are designated as critical infrastructure by the U.S. Department of Homeland Security," said Chief Executive Hudson La Force. "Our global manufacturing footprint, strategic flexibility and strong
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