Markets :: Specialty Chemicals :: Catalysts
W.R. Grace profits fall 8%
9:27 AM MDT | October 23, 2013 | Rebecca Coons
W.R. Grace reports lower third-quarter results, since double-digit growth for engineered materials and construction products were not enough to offset weak demand for catalysts. The company reports net income of $69.4 million (89 cts/share) for the quarter ended 30 September, 8.0% lower than the year-ago quarter, on sales down 0.7%, to $771.3 million. Adjusted earnings increased 2.8% year-on-year (YOY), to $1.07/share, and beat analysts’ estimates by 7 cts/share, according to a consensus estimate by Thomson Reuters (New York). Grace’s catalysts and...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee