COLUMBIA, Md., April 03, 2020 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (GRA) today provided an update regarding its preliminary 1Q20 financial results, response to the COVID-19 pandemic, and strong financial position. Grace expects 1Q20 Adjusted EPS to be at the high end of its February 4, 2020 outlook range of $0.65 to $0.72 per share, which included an unfavorable impact of $0.06 to $0.10 per share from the effects of the COVID-19 pandemic.
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we publish an article with the title "Recession is Imminent: We Need A Travel Ban NOW". We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
W. R. Grace & Co. (GRA) today announced that Hudson La Force, President and Chief Executive Officer, will present at the virtual Goldman Sachs Industrials and Materials Conference on Thursday, May 14, 2020, from 4:20 – 4:55 p.m. EDT. In addition, La Force; Senior Vice President and Chief Financial Officer Bill Dockman; and Jeremy Rohen, Vice President, Investor Relations and Corporate Development, also will participate in small group discussions and one-on-one meetings as part of the virtual conference.
W.R. Grace (GRA) delivered earnings and revenue surprises of 4.41% and -2.65%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
COLUMBIA, Md., April 30, 2020 -- W. R. Grace & Co. (NYSE:GRA) today announced that it has declared a quarterly cash dividend of $0.30 per common share. The dividend is.
Their businesses generate excess returns and are expected to improve their profitability Continue reading...
W. R. Grace & Co. (GRA) will release its first quarter financial results at 6:00 a.m. ET on Thursday, April 30, 2020. During the call, Hudson La Force, President and Chief Executive Officer; Bill Dockman, Senior Vice President and Chief Financial Officer; and Jeremy Rohen, Vice President, Corporate Development and Investor Relations, will discuss first quarter results.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll apply a basic...
To the annoyance of some shareholders, W. R. Grace (NYSE:GRA) shares are down a considerable 50% in the last month...
40 North Management and Standard Industries both want change at GCP, a maker of construction materials. Value Capital Partners disclosed a large position in payments processor Net 1 UEPS.
W. R. Grace & Co. (NYSE:GRA), which is in the chemicals business, and is based in United States, saw a significant...
Ladies and gentlemen, thank you for standing by, and welcome to the Q1 2020 W.R. Grace and Co Earnings Conference Call. With me this morning are Hudson La Force, Grace's President and Chief Executive Officer; and Bill Dockman, Senior Vice President and Chief Financial Officer.
First 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.
W.R. Grace (GRA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shares of W.R. Grace & Co. were indicated up a little over 1% in premarket trading Friday, after the specialty chemicals company said it expects first-quarter adjusted earnings per share to be at the high end of the guidance range of 65 cents to 72 cents provided in early February. The company said its outlook included a negative EPS impact of about 6 cents to 10 cents from the effects of the COVID-19 pandemic. The company is expected to report first-quarter earnings on April 30. W.R. Grace said it expects its full-year results to be negatively impacted by the pandemic, but said its manufacturing operations and supply chain have so far not been materially impacted. "Our businesses are designated as critical infrastructure by the U.S. Department of Homeland Security," said Chief Executive Hudson La Force. "Our global manufacturing footprint, strategic flexibility and strong business continuity plans position us to remain a reliable technology supplier to our customers." The company said it has not drawn on its revolving credit facility as it still has "ample" liquidity, and remains "fully committed" to maintaining its dividend. Meanwhile, the company suspended its share repurchase program in March. The stock has lost about half its value (down 51.3%) year to date, while the S&P 500 has declined 21.8%.
Q1 2020 W. R. Grace & Co Earnings Call
Stocks rebounded on March 13 following their worst day since Black Monday in 1987. Here's how local companies finished the week.
One public company based in Greater Baltimore raised its stock price during a tumultuous first quarter for the financial markets. Baltimore-based Legg Mason Inc. saw its stock price increase 35% to $48.
W.R. Grace (GRA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Trading was halted for 15 minutes amid fears about the novel coronavirus and a price war over crude oil.