Grace News

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Rich Badmington
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Jeremy Rohen
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Grace Reports First Quarter 2019 Results Driven by 9% Sales Growth; Reaffirms Full-Year Outlook

Net sales up 8.8%, up 11.3% on constant currency, driven by the 2Q18 polyolefin catalysts acquisition, higher sales volumes and improved pricing
Diluted EPS of $0.37, including a previously disclosed pretax charge of $45.0 million, or $0.52 per share, for the estimated costs of construction of a new dam spillway at our former vermiculite mine site
Adjusted EPS of $0.93, up 13.4%
Reaffirming full-year 2019 outlook, including Adjusted EPS of $4.53 - $4.62
COLUMBIA, Md., - April 25, 2019 - W. R. Grace & Co. (NYSE: GRA) today announced financial results for the first quarter of 2019, summarized in the table below, and reaffirmed its full-year 2019 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
0.0 pts

Diluted EPS
Adjusted EPS
Dividends per share
YTD 2019
YTD 2018
Net cash provided by operating activities


Adjusted Free Cash Flow


TTM 1Q19
TTM 1Q18
Adjusted EBIT ROIC
(4.0) pts

Note: See Analysis of Operations and Notes for information on Non-GAAP financial measures
First quarter sales of $469.5 million increased 8.8%, up 11.3% on constant currency. Sales growth was driven by the polyolefin catalysts acquisition (5.9%), higher sales volumes (3.2%) and improved pricing (2.2%), reflecting continued demand for our high-performance products.

Talent | Technology | Trust™

The following information was filed by W R Grace Co (GRA) on Thursday, April 25, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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