W.R. Grace & Co. (GRA) Tops Q1 EPS by 4c

W.R. Grace & Co. (NYSE: GRA) reported Q1 EPS of $0.68, $0.04 better than the analyst estimate of $0.64. Revenue for the quarter came in at $398 million versus the consensus estimate of $374.37 million.

• Net sales of $398.0 million up 10%
• Diluted EPS from continuing operations of $0.63 and Adjusted EPS of $0.68 up 11%
• Income from continuing operations attributable to Grace of $42.9 million and Adjusted EBIT of $86.8 million up 5%
• Net cash flow provided by operating activities of $35.9 million and Adjusted Free Cash Flow of $50.0 million year-to-date
• Declaring quarterly cash dividend of $0.21 per share

"We started the year as expected with growth in sales, earnings, and EPS while delivering strong cash flow," said Fred Festa, Grace’s Chairman and Chief Executive Officer. "We saw good demand across our businesses led by growth in emerging regions, particularly in Asia. We continue to expect healthy growth in sales, earnings, EPS, and cash flow for the year."

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

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