W.R. Grace & Co. (GRA) Tops Q1 EPS by 3c
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Grace Reports First Quarter 2020 Results; Provides COVID-19 Update; Highlights Strong Financial Position and Cash Flow
April 30, 2020 6:00 AM EDTFirst Quarter 2020 Highlights
Net sales of $421.5 million, down 10.2%, or down 9.2% on constant currency, including estimated 4.3%, or $20 million, COVID-19 impactDiluted EPS of $0.63, up $0.26 primarily due to 1Q19 pretax charge for estimated costs related to legacy liabilities which did not repeat in 1Q20Adjusted EPS of $0.71, down $0.22 including estimated $0.10 COVID-19 net impact; high end of February 4, 2020 outlook rangeCOVID-19 Update
Fully implemented pandemic response plan to ensure health and safety of our employees, including significant new safety protocols... More