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W.R. Grace & Co. (GRA) Tops Q3 EPS by 8c

October 22, 2014 6:10 AM EDT

W.R. Grace & Co. (NYSE: GRA) reported Q3 EPS of $1.07, $0.08 better than the analyst estimate of $0.99. Revenue for the quarter came in at $856 million versus the consensus estimate of $836.7 million.

"We had a very good quarter," said Fred Festa, Grace's Chairman and Chief Executive Officer. "All three businesses achieved solid sales growth and strong margins. Catalysts Technologies exceeded our expectations, benefiting from strong sales in all three product groups. Materials Technologies and Construction Products both benefited from strong growth in North America and Asia. Year-to-date cash flow increased 14 percent and ROIC increased more than two points."

2014 Outlook

As of October 22, 2014, Grace expects 2014 Adjusted EBIT to be in the range of $625 million to $630 million, an increase of 13 to 14 percent compared with 2013 Adjusted EBIT of $550.8 million. The company expects Adjusted EBITDA to be in the range of $760 million to $765 million. The company expects 2014 Adjusted Free Cash Flow to be $430 million or more.

For earnings history and earnings-related data on W.R. Grace & Co. (GRA) click here.



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