GCP Applied Technologies (GCP) Tops Q4 EPS by 1c; Offers FY19 EPS Guidance
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GCP Applied Technologies Reports Fourth Quarter and Full Year 2018 Results
February 27, 2019 6:02 AM EST4Q18 Net sales down 4.6%; Net Sales, Constant Currency* down 1.6%2018 Net sales up 3.8%; Net Sales, Constant Currency* up 4.2% 4Q18 Income from continuing operations attributable to GCP shareholders of $19.7 million; Adjusted EBIT* of $32.1 million 2018 Loss from continuing operations attributable to GCP shareholders of $16.1 million; Adjusted EBIT* of $118.9 millionAnnounces restructuring plan with approximately $25 million expected annualized savings in 2020Announces review of strategic alternatives to enhance shareholder value2019 Full-year guidance: Net Sales, Constant Currency* approximately equal to 2018 resultsAdjusted EBIT* growth of 7% to 14%Adjusted EPS* of $1.03 to $1.14Adjusted Free Cash... More
