image0a29.jpg
 
Grace News


Media Relations
Rich Badmington
+1 410.531.4370
rich.badmington@grace.com
Investor Relations
Jeremy Rohen
+1 410.531.8234
jeremy.rohen@grace.com
 

Grace Reports Third Quarter 2018 Results Driven by 15% Sales Growth; Raises Full-Year 2018 Adjusted EPS Outlook

Net sales up 15.2% driven by the polyolefin catalysts acquisition, strong sales volumes and improved pricing across all businesses
Diluted EPS of $0.24, including a pretax charge of $70.0 million, or $0.80 per share, for the estimated costs to remediate our former vermiculite mine site
Adjusted EPS of $1.11, up 23.3%
Raising full-year 2018 outlook for Adjusted EPS to $4.00 to $4.05, from $3.90 to $4.00
COLUMBIA, Md., - October 24, 2018 - W. R. Grace & Co. (NYSE: GRA) today announced financial results for the third quarter 2018, summarized in the table below, and raised its full-year 2018 Adjusted EPS outlook.
Summary Financial Results - Total Grace
 
 
 
 
 
(In $ millions, except per share amounts)
3Q18
 
3Q17
 
Change
Net sales
494.9

 
429.5
 
15.2
 %
Net sales, constant currency
 
 
 
 
15.9
 %
Net income
16.1

 
47.4
 
(66.0
)%
 
 
 
 
 
 
Adjusted EBIT
122.6
 
108.1
 
13.4
 %
Adjusted EBIT margin
24.8
%
 
25.2
%
 
(0.4) pts

 
 
 
 
 
 
Diluted EPS
$0.24
 
$0.70
 
(65.7
)%
Adjusted EPS
$1.11
 
$0.90
 
23.3
 %
Dividends per share
$0.24
 
$0.21
 
14.3
 %
 
 
 
 
 
 
 
YTD 2018
 
YTD 2017
 
Change
Net cash provided by operating activities
234.0

 
267.5

 
(12.5
)%
Adjusted Free Cash Flow
174.2

 
249.3

 
(30.1
)%
 
 
 
 
 
 
 
TTM 2018
 
TTM 2017
 
Change
Adjusted EBIT ROIC
20.6
%
 
25.3
%
 
(4.7) pts

Third quarter sales of $494.9 million increased 15.2%, up 15.9% on constant currency. 3Q18 sales included 7.0% growth from the polyolefin catalysts acquisition, strong sales volume growth and improved pricing, reflecting continued demand for our high-value products.
Adjusted EBIT of $122.6 million was up 13.4%. Adjusted EBIT margin was down 40 basis points, negatively impacted by $11.9 million (or approximately 280 basis points) of business interruption insurance recoveries recorded in 3Q17 that did not repeat in this quarter.

1  grace.com
Talent | Technology | Trust™

The following information was filed by W R Grace Co (GRA) on Wednesday, October 24, 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.

View differences made from one quarter to another to evaluate W R Grace Co'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-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by W R Grace Co.

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