W.R. Grace & Co. (GRA) Tops Q2 EPS by 2c, Offers Outlook
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Grace Reports Second Quarter 2020 Results; Delivers Strong Operating and Adjusted Free Cash Flow
July 30, 2020 6:00 AM EDTSecond Quarter 2020 Highlights
Net sales of $418.7 million, down 18.5%, reflecting the impact of COVID-19Diluted EPS of $(0.11), down $1.25 compared with $1.14 a year ago, including a $0.47 charge related to changes in our Refining Technologies manufacturing operations and global footprint to drive capital and operating efficienciesAdjusted EPS of $0.49, down $0.67Strong year-to-date operating cash flow up 27.4% and Adjusted Free Cash Flow up 61.1%Raising full year cash flow benefit of proactive actions from $100 million to $125 million(See... More
