Grace News

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Rich Badmington
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Investor Relations
Jeremy Rohen
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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)
Net sales

Net sales, constant currency
Net income

Adjusted EBIT
Adjusted EBIT margin
(0.4) pts

Diluted EPS
Adjusted EPS
Dividends per share
YTD 2018
YTD 2017
Net cash provided by operating activities


Adjusted Free Cash Flow


TTM 2018
TTM 2017
Adjusted EBIT ROIC
(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.

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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.

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