W.R. Grace & Co. (GRA) Tops Q2 EPS by 12c, Revenues Beat; Boosts FY18 EPS Outlook

W.R. Grace & Co. (NYSE: GRA) reported Q2 EPS of $1.07, $0.12 better than the analyst estimate of $0.95. Revenue for the quarter came in at $485.7 million versus the consensus estimate of $476.44 million.

• Net sales up 13.1% driven by the polyolefin catalysts acquisition, higher sales volumes and continued pricing strength
• Diluted EPS of $0.58, down 9.4%; Adjusted EPS of $1.07, up 27.4%
• Raising full-year 2018 outlook for Adjusted EPS to $3.90 to $4.00, up from $3.85 to $3.95

"I am very pleased with our strong performance in the first half of 2018, and remain confident about the full year," said Fred Festa, Grace’s Chairman and Chief Executive Officer. "Building on a strong second quarter, we continue to experience solid organic growth and positive customer momentum as we execute our growth strategy."

GUIDANCE:

W.R. Grace & Co. sees FY2018 EPS of $3.90-$4.00, versus the consensus of $3.90.

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

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