W.R. Grace Profits Jump 12%

Higher catalyst prices and construction chemical volumes offset lower engineered materials sales and lifted W.R. Grace’s quarterly results above expectations. The company posted earnings of $61 million for its fiscal first quarter ended March 31, up 12% from the same year-ago quarter. Excluding special items, earnings of 88 cts/share beat analysts’ consensus of 82 ct/share, as reported by Thomson Reuters (New York). Sales increased 8%, to $754 million, on higher prices and volumes. Sales in emerging markets accounted for 33% of net sales, up from 14%...

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