Recap: W R Grace Q2 Earnings

Shares of W R Grace GRA were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share fell 57.76% year over year to $0.49, which beat the estimate of $0.47.

Revenue of $418,700,000 decreased by 18.48% year over year, which beat the estimate of $398,810,000.

Guidance

Q3 revenue expected to be between $409,335,000 and $423,450,000.

Details Of The Call

Date: Jul 30, 2020

Time: 09:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.grace.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2395757&sessionid=1&key=D962774925FEE19A58221682FA576C05&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $73.36

Company's 52-week low was at $26.75

Price action over last quarter: Up 9.10%

Company Description

W R Grace & Co manufactures and sells chemicals and chemical-based products in The Grace catalysts technologies segment, which generates most of the company revenue, mainly by the sale of oil refining catalysts and catalysts used in petrochemical, refining, and other chemical manufacturing applications. The Grace materials technologies segment includes specialty materials, including silica-based and silica-alumina-based materials. The majority of the revenues are derived from North America and Europe Middle East Africa.