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Net sales up 13.1% driven by the polyolefin catalysts acquisition, higher sales volumes and continued pricing strength
Diluted EPS of $0.58, down 9.4%; Adjusted EPS of $1.07, up 27.4%
Raising full-year 2018 outlook for Adjusted EPS to $3.90 to $4.00, up from $3.85 to $3.95
Summary Financial Results - Total Grace
(In $ millions, except per share amounts)
Net sales, constant currency
Adjusted EBIT margin
Dividends per share
Net cash provided by operating activities
Adjusted Free Cash Flow
Adjusted EBIT ROIC
Second quarter sales of $485.7 million increased 13.1%, up 10.6% on constant currency. 2Q18 sales included 6.5% growth from the polyolefin catalysts acquisition and continued strong demand for our high-value products.
Adjusted EBIT of $119.5 million was up 14.9%, and Adjusted EBIT margin was up 40 basis points.
Operating cash flow was down 15% and Adjusted Free Cash Flow was down 19% year-over-year, primarily due to higher capital spending of $31.7 million related to our multi-year investment plan to support strategic growth opportunities and productivity initiatives.
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The following information was filed by W R Grace Co (GRA) on Thursday, July 26, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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