Recap: GCP Applied Technologies Q1 Earnings

Shares of GCP Applied Technologies GCP were unchanged in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 42.86% year over year to $0.10, which beat the estimate of $0.09.

Revenue of $216,700,000 less by 4.16% year over year, which missed the estimate of $216,900,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: May 06, 2020

Time: 12:05 PM ET

Webcast URL: https://78449.choruscall.com/dataconf/productusers/gcp/mediaframe/37162/indexr.html

Recent Stock Performance

Company's 52-week high was at $28.89

52-week low: $14.24

Price action over last quarter: down 13.50%

Company Description

GCP Applied Technologies Inc produces and sells specialty construction chemicals, specialty building materials. Its business is spread across two segments. Its Specialty Construction Chemicals segment manufactures and markets products to reduce the cost and improve the performance of cement, concrete, mason and other cement-based construction materials; its Specialty Building Materials segment creates products that protect structures from water, air, vapor, and fire damage. The company earns the majority of its revenue from the sale of concrete admixtures and cement additives.