People & Business :: Earnings/Finance
Grace Reports Earnings Down 9%, Beats Analyst Estimates
12:55 PM MDT | July 25, 2012 | Kara Sissell
W.R. Grace reported second-quarter 2012 net income to be down 9%, to $63.9 million, compared with the year-ago quarter, as higher raw material costs and unfavorable currency conversions offset improved pricing and productivity. Earnings per share of $1.14 beat analyst estimates of $1.11/share. Net revenues were $826.7 million, down 18% from the year-ago quarter. The company says it now expects third-quarter 2012 to be worse than the second and fourth quarters, and cannot detail timing costs related to its upcoming exit from Chapter 11 bankruptcy protection due to...
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