W.R. Grace & Co. (GRA) Reports In-Line Q3 EPS, Offers Q4 Guidance

Go back to W.R. Grace & Co. (GRA) Reports In-Line Q3 EPS, Offers Q4 Guidance

Grace Reports Third Quarter 2020 Results; Delivers Strong Gross Margin Improvement and Cash Flow; Improving Demand Trends Across Many End Markets

October 28, 2020 6:00 AM EDT

Third Quarter 2020 Highlights

Net sales of $419.4 million were down 10.9% versus the prior year; and flat on a sequential basisDiluted EPS of $0.11, compared to $0.80 a year ago, and Adjusted EPS of $0.56, compared to $0.98 a year ago, both include costs of $0.13 per share related to Hurricane LauraDelivered strong sequential improvement in gross margin (+880 bps) and Adjusted Gross Margin (+410 bps) versus the prior quarterStrong year-to-date operating cash flow of $259.1 million, down 4% year-over-year, and Adjusted Free Cash Flow of $170.0 million, up 4%... More