GCP Applied Technologies (GCP) Tops Q1 EPS by 11c, Revenues Miss; Affirms FY19 EPS Outlook
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GCP Applied Technologies Reports First Quarter 2019 Results
May 8, 2019 6:00 AM EDT1Q19 Net sales down 9.6%; Net Sales Constant Currency Excluding Market Exits* down 0.9%Gross margin up 150 bps to 36.4%1Q19 Income from continuing operations attributable to GCP shareholders of $14.6 million, or 6.5% of net sales, compared to a loss of $13.8 million in 1Q18Adjusted EBIT* of $12.0 million; Adjusted EBIT Margin* of 5.3%1Q19 Diluted earnings per share from continuing operations of $0.20; Adjusted EPS* of $0.07 compared to $0.01 in 1Q18Reaffirming full-year 2019 Adjusted EBIT and Adjusted EPS... More
