W.R. Grace & Co. (GRA) Tops Q4 EPS by 2c, Offers Guidance
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Grace Reports Fourth Quarter and Full-Year 2020 Results; Delivers Strong Finish to the Year and Provides 2021 Outlook
February 9, 2021 6:00 AM ESTFourth Quarter 2020 Highlights
Net sales of $470.2 million were up 12.1% sequentially versus the third quarter and down 6.8% versus the prior yearDelivered strong sequential improvement in gross margin (+120 bps) and Adjusted Gross Margin (+130 bps); both sales and gross margin are nearing pre-pandemic levelsDiluted EPS of $(0.66), down $0.24 versus the prior year; Adjusted EPS of $0.88 was down 32.8% versus the prior year but increased 57.1% sequentially from the third quarterAdjusted EBIT of $96.2... More