Recap: W R Grace Q2 Earnings

Shares of W R Grace GRA were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share fell 57.76% year over year to $0.49, which beat the estimate of $0.47.

Revenue of $418,700,000 decreased by 18.48% year over year, which beat the estimate of $398,810,000.

Guidance

Q3 revenue expected to be between $409,335,000 and $423,450,000.

Details Of The Call

Date: Jul 30, 2020

Time: 09:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.grace.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2395757&sessionid=1&key=D962774925FEE19A58221682FA576C05&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $73.36

Company's 52-week low was at $26.75

Price action over last quarter: Up 9.10%

Company Description

W R Grace & Co manufactures and sells chemicals and chemical-based products in The Grace catalysts technologies segment, which generates most of the company revenue, mainly by the sale of oil refining catalysts and catalysts used in petrochemical, refining, and other chemical manufacturing applications. The Grace materials technologies segment includes specialty materials, including silica-based and silica-alumina-based materials. The majority of the revenues are derived from North America and Europe Middle East Africa.

Posted In: EarningsNews

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.