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Services :: Financial
W.R. Grace beats estimates despite weak catalysts results
July 25, 2013 | Vincent Valk
W.R. Grace has reported second-quarter net income up 19.5% YOY, to $82.8 million, or $1.07/share, on sales up 2.9%, to $802.8 million. Adjusted earnings of $1.12/share fell 1.8%, but beat analysts’ consensus estimate of $1.08/share, as reported by Thomson Reuters (New York). “Earnings for the quarter came in as expected,” says Grace chairman and CEO Fred Festa. “Materials technologies and construction products had solid quarters, benefiting from good growth in emerging regions and strong pricing and margins. In catalysts technologies, the...
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