gcplogoa05.jpg

GCP Applied Technologies Reports Fourth Quarter and Full Year 2017 Results

4Q17 Net sales growth of 10.7%; Net Sales, Constant Currency up 9.2%*
2017 Net sales growth of 3.6%; Net Sales, Constant Currency up 5.1%*
4Q17 Net loss from continuing operations of $69.1 million; Adjusted EBIT* of $38.2 million
2017 Net loss from continuing operations of $110.9 million; Adjusted EBIT* of $127.4 million
4Q17 and 2017 Net loss from continuing operations include $81.7 million income tax expense related to provisional estimate of U.S. tax reform impact
Completed bolt-on acquisitions of Ductilcrete and Contek
2018 Full-year guidance:
Net Sales, Constant Currency* growth of 5% to 10%
Adjusted EBIT* of $135 million to $150 million

Cambridge, MA - February 27, 2018 - GCP Applied Technologies Inc. (NYSE: GCP) announced fourth quarter and full year 2017 results.

Total GCP Applied Technologies
($ Millions)
 
Q4 2017
 
% Change
 
FY 2017
 
% Change
Net sales
$289.5
 
10.7%
 
$1,084.4
 
3.6%
Net sales, constant currency*
$285.5
 
9.2%
 
$1,099.9
 
5.1%
Gross margin
37.9%
 
70 bps
 
38.4%
 
(160) bps
Adjusted gross margin*
38.2%
 
(210) bps
 
39.0%
 
(180) bps
Loss from continuing operations attributable to GCP shareholders
$(69.1)
 
NM
 
$(110.9)
 
NM
Net (loss) income attributable to GCP shareholders
$(84.2)
 
NM
 
$553.4
 
NM
Diluted EPS from continuing operations attributable to GCP shareholders
$(0.96)
 
NM
 
$(1.55)
 
NM
Adjusted EPS*
$0.24
 
33.3%
 
$0.64
 
(19.0)%
 
 
 
 
 
 
 
 
Adjusted EBIT*
$38.2
 
16.1%
 
$127.4
 
(9.6)%
Adjusted EBIT margin*
13.2%
 
60 bps
 
11.7%
 
(180) bps

"GCP's strong fourth quarter sales and earnings growth provide momentum for 2018," said President and Chief Executive Officer Gregory E. Poling. "Construction markets are healthy, and we are optimistic about our key commercial growth programs as well as the technology investments we are making to deliver value to our customers.”

*Non-GAAP financial measures. See the tables herein for important information regarding these measures and a reconciliation to the most comparable GAAP measures.
NM - Not meaningful.

The following information was filed by Gcp Applied Technologies Inc. (GCP) on Tuesday, February 27, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Gcp Applied Technologies Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Gcp Applied Technologies Inc..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account