Grace News

Media Relations
Rich Badmington
+1 410.531.4370
Investor Relations
Jeremy Rohen
+1 410.531.8234

Grace Reports Fourth Quarter and Full-Year 2018 Results;
Announces Full-Year 2019 Financial Outlook

Full-Year 2018 Highlights:
2018 sales increased 12.6% to $1.9 billion, including 5.0% contribution from the polyolefin catalysts acquisition
2018 Diluted EPS of $2.49 compared with $0.16 in the prior year
2018 Adjusted EPS increased 21.8% to $4.14, above the top-end of our October 2018 updated outlook range on strong business performance and $0.08 per share benefit from lower effective tax rate
Returned $145 million to shareholders through share repurchase of $80 million and cash dividends of $65 million
Full-Year 2019 Outlook:
Sales growth of 6% to 7%, with continued demand strength across the portfolio
Adjusted EBIT of $490 to $500 million, up 7% to 9%, and expanding margins
Adjusted EPS of $4.53 to $4.63 per share, up 10% to 12%
Increased annual cash dividend to $1.08 per share, up 13%

COLUMBIA, Md., - February 7, 2019 - W. R. Grace & Co. (NYSE: GRA) today announced financial results for the fourth quarter and full-year 2018, and announced its full-year 2019 financial outlook.
Delivering on Our Strategic Initiatives
“I’m pleased with our strong 2018 performance. Our team delivered double-digit sales and earnings growth, and significantly improved our ability to consistently deliver profitable growth,” said Hudson La Force, Grace's President and Chief Executive Officer. “Our recent investments to accelerate growth and extend our competitive advantages are producing results. I'm upbeat about 2019 and expect another year of solid demand for our high-value technologies with expanding margins and double-digit Adjusted EPS growth.”
Grace's strategic framework for profitable growth includes four elements:
Invest to accelerate growth and extend our competitive advantages
Invest in great people to strengthen our high-performance culture
Execute the Grace Value Model to drive operating excellence
Acquire to build our technology and manufacturing capabilities for our customers

Talent | Technology | Trust™

The following information was filed by W R Grace Co (GRA) on Thursday, February 7, 2019 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.

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