UPDATE: W.R. Grace Posts Higher Q4 Adjusted EPS
W.R. Grace & Co (NYSE: GRA) posted a loss in the fourth quarter.
For the current year, W.R. Grace projects adjusted earnings before interest and taxes of $560 million-$580 million.
W.R. Grace posted a quarterly loss of $111.6 million, or $1.48 per share, compared to a year-ago profit of $58.1 million, or $0.77 per share. Excluding one-time items, it earned $1.11 per share, up from $0.89 per share in the year-ago period.
Its net sales declined 3.4% to $797.8 million. However, analysts were expecting a profit of $1.06 per share on revenue of $790 million.
Its gross margin rose to 37.6% from 34.9%
W.R. Grace shares closed at $72.63 yesterday.
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