W.R. Grace & Co. (GRA) Tops Q3 EPS by 9c, Revenues Beat; Lifts FY18 EPS Outlook Above Consensus

W.R. Grace & Co. (NYSE: GRA) reported Q3 EPS of $1.11, $0.09 better than the analyst estimate of $1.02. Revenue for the quarter came in at $494.9 million versus the consensus estimate of $472.21 million.

• Net sales up 15.2% driven by the polyolefin catalysts acquisition, strong sales volumes and improved pricing across all businesses
• Diluted EPS of $0.24, including a pretax charge of $70.0 million, or $0.80 per share, for the estimated costs to remediate our former vermiculite mine site
• Adjusted EPS of $1.11, up 23.3%
• Raising full-year 2018 outlook for Adjusted EPS to $4.00 to $4.05, from $3.90 to $4.00

"I am very pleased with our results, including organic growth of more than 8% on strong sales volume and pricing. We are well positioned for the full year 2018 and for continued top-line growth and strong earnings in 2019," said Fred Festa, Grace's Chairman and Chief Executive Officer. "We are executing well across the company and I am confident in our ability to further drive sustainable profitable growth and shareholder value."

GUIDANCE:

W.R. Grace & Co. sees FY2018 EPS of $4.00-$4.05, versus the consensus of $3.97.

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

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