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Last $100.27 USD
Change Today +1.33 / 1.34%
Volume 541.6K
GRA On Other Exchanges
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As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

wr grace & co (GRA) Key Developments

W.R. Grace & Co. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year 2015

W.R. Grace & Co. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $782.1 million compared to $838 million a year ago. Income before income taxes was $111.1 million compared to $129 million a year ago. Net income attributable to company shareholders was $57.4 million or $0.78 per diluted share compared to $136.2 million or $1.77 per diluted share a year ago. Non-GAAP adjusted EPS was $1.19 compared to $1.22 a year ago. Adjusted EBIT was $156.8 million compared to $166.1 million a year ago. Adjusted EBITDA was $190.1 million compared to $200.1 million a year ago. For the six months, the company reported net sales of $1,502.7 million compared to $1,582.5 million a year ago. Income before income taxes was $192.6 million compared to $209.1 million a year ago. Net income attributable to company shareholders was $110.1 million or $1.50 per diluted share compared to $186.3 million or $2.40 per diluted share a year ago. Net cash used for operating activities was $244.1 million compared to $1,186.3 million a year ago. Capital expenditures were of $73.9 million compared to $81.5 million a year ago. Non-GAAP adjusted EPS was $2.01 compared to $1.99 a year ago. Adjusted EBIT was $273.8 million compared to $277.4 million a year ago. Adjusted EBITDA was $340.6 million compared to $345.4 million a year ago. The company is tightening its outlook within its original range for the year 2015. 2015 Adjusted EBIT is now expected to be in the range of $675 million to $685 million on a constant currency basis, an increase of 8% to 9% compared with 2014. The company expects 2015 adjusted EBITDA to be in the range of $815 million to $825 million on a constant currency basis, an increase of approximately 7% to 8% compared with 2014. The company expects Adjusted EPS to be in the range of $5.15 to $5.25 per share on a constant currency basis, an increase of 16% to 19% over 2014. The company estimates the currency headwind to Adjusted EBIT to be approximately $60 million and to adjusted EPS to be approximately $0.55 per share. The company continues to expect 2015 adjusted free cash flow to be at least $430 million, including a favorable impact to 2015 cash flow of approximately $95 million equivalent to $1.30 per share, due to Grace's low cash tax rate compared with its expected effective tax rate. The company expects overall third quarter results to be in line with second quarter. The company expects fourth quarter results to be stronger than third quarter as the benefit of new catalyst volumes begin to impact earnings.

W.R. Grace & Co. to Report Q2, 2015 Results on Jul 29, 2015

W.R. Grace & Co. announced that they will report Q2, 2015 results at 11:00 AM, US Eastern Standard Time on Jul 29, 2015

W.R. Grace & Co., Q2 2015 Earnings Call, Jul 29, 2015

W.R. Grace & Co., Q2 2015 Earnings Call, Jul 29, 2015

W.R. Grace & Co. Seeks Acquisition

The construction-chemical business of W.R. Grace & Co. (NYSE:GRA) will likely acquire other companies once it is spun off 2017. Chief Executive Officer Fred Festa stated that the company would be willing to make an acquisition similar to its $500 million 2013 acquisition of Dow Chemical Co.'s UNIPOL polypropylene licensing and catalysts business. He said: "Listen, we'd love to do another one of those if we could find one. It's been a good deal for us."

W. R. Grace & Co to Invest About USD 135 Million in the Construction of Residue Hydroprocessing Catalyst Plant

W. R. Grace & Co announced that it will invest about USD 135 million in the construction of a residue hydroprocessing catalyst plant and additional alumina capacity at its existing manufacturing facility in Lake Charles, LA. This construction project is being initiated by the company's joint venture with Chevron Products Company, called Advanced Refining Technologies (ART). Construction is expected to begin in late 2015 with completion anticipated in 2018.

 

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GRA

Industry Average

Valuation GRA Industry Range
Price/Earnings 37.1x
Price/Sales 2.3x
Price/Book 19.0x
Price/Cash Flow 36.2x
TEV/Sales 1.5x
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