Markets :: Specialty Chemicals :: Catalysts
Higher volumes, Unipol acquisition bolster W.R. Grace results
12:24 PM MDT | July 23, 2014 | Rebecca Coons
W.R. Grace reports second-quarter net income of $136.7 million, 50.6% higher year-on-year (YOY), on higher sales volumes and acquisitions. Adjusted earnings were flat YOY at $1.22/share, but beat a $1.16/share consensus of analyst estimates compiled by Thomson Reuters (New York). Sales increased 4.4% YOY, to $838 million, on a 4% increase in volumes. Acquisitions contributed 3.7% to sales volume growth, Grace says. “I’m pleased with our progress this quarter,” says Fred Festa, Grace's Chairman and CEO. “We had strong results in Catalysts...
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