EXHIBIT 99.1

 

 

Grace News

 

Media Relations

Investor Relations

Andrea Greenan

Susette Smith

T + 1 410.531.4391

T + 1 410.531.4590

E andrea.greenan@grace.com

E susette.smith@grace.com

 

GRACE REPORTS FOURTH QUARTER AND FULL YEAR RESULTS; PROVIDES 2010 OUTLOOK

Improved profitability; Strong cash flow

 

COLUMBIA, Maryland, February 2, 2010 — W. R. Grace & Co. (NYSE: GRA) today announced its financial results for the fourth quarter and year ended December 31, 2009.

 

Highlights for the fourth quarter:

 

·                  Sales were $678.3 million compared with $768.4 million in the prior year quarter, a decrease of 11.7% including the effects of the deconsolidation of the ART joint venture discussed below.

·                  Gross profit percentage increased to 36.6% from 27.2% in the prior year quarter and 34.8% in the third quarter of 2009.

·                  Core EBIT grew to $76.4 million, an increase of 61.5% compared with the prior year quarter.

·                  Grace net income was $46.4 million, an increase of 6.9% compared with the prior year quarter.

 

For the full year:

 

·                  Adjusted operating cash flow was $446.5 million, an increase of 14.6% from the prior year.

·                  Core EBIT return on invested capital increased to 22.3% from 22.1% in the prior year.

 

“I am proud of our performance in 2009,” said Fred Festa, Grace’s Chairman, President and Chief Executive Officer.  “We acted quickly in one of the worst operating environments in a generation to build a leaner, more profitable company.  We aggressively reduced

 

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The following information was filed by W R Grace Co (GRA) on Thursday, February 4, 2010 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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