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People & Business :: Earnings/Finance

Grace sets 8-10% Ebit growth target

1:24 PM MDT | March 20, 2014 | Vincent Valk

W.R. Grace said yesterday that the company is targeting 8-10% growth in Ebit, and sales growth of 1.5-2 times (x) GDP from 2014 through 2018. The company, which in February emerged from a nearly 13-year stint in Chapter 11, announced the targets at an investor day yesterday in New York. The company is also aiming to produce $400 million/year in free cash flow through 2018, and gross margins of 38-40%. Grace’s fourth-quarter 2013 sales totaled $776.7 million, while its net income for the quarter totaled $29.7 million. Grace is forecasting 2014 adjusted Ebit...

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