GCP Applied Technologies (GCP) Tops Q4 EPS by 2c, Revenues Miss; Offers FY20 EPS Mid-Point Guidance Below Consensus

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Go back to GCP Applied Technologies (GCP) Tops Q4 EPS by 2c, Revenues Miss; Offers FY20 EPS Mid-Point Guidance Below Consensus

GCP Applied Technologies Reports Fourth Quarter and Full Year 2019 Results

February 26, 2020 6:00 AM EST

Delivered full-year 2019 results in-line with outlookDrove fourth consecutive quarter of significantly increased profitability for Specialty Construction ChemicalsAdvanced restructuring programs resulting in $16 million decrease in selling, general and administrative expenses in 2019Continued to grow net cash provided by continuing operations and Adjusted Free Cash Flow* in 20192019 Net sales of $1.014 billion; Net Sales, Constant Currency* of $1.038 billion2019 Income from continuing operations attributable to GCP shareholders of $41 million; Adjusted EBIT* of $102 million

CAMBRIDGE, Mass., Feb. 26, 2020 (GLOBE NEWSWIRE) -- GCP Applied Technologies Inc. (NYSE: GCP),... More