W. R. Grace & Co. Q1 Profit Rises - Quick Facts

(RTTNews) - W. R. Grace & Co. (GRA) reported first-quarter net income to shareholders of $52.7 million, or $0.72 per share compared to $50.1 million, or $0.64 per share, prior year. Adjusted earnings per share was of $0.82, for the quarter.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.79 for the quarter. Analysts' estimates typically exclude special items.

First-quarter net sales were $720.6 million; a decrease of 3.2% compared with the prior-year quarter. Analysts expected revenue of $732.02 million for the quarter.

Grace affirmed its outlook for 2015 Adjusted EBIT in the range of $675 million to $705 million on a constant currency basis, an increase of 8% to 13% compared with 2014. The company expects Adjusted EPS to be in the range of $5.05 to $5.45 per share on a constant currency basis, an increase of 14% to 23% over 2014. Using current exchange rates, including the euro at $1.07, the company expects a currency headwind to Adjusted EBIT of approximately $60 million and to Adjusted EPS of approximately $0.55 per share. Analysts expect the company to report 2015 earnings per share of $4.70.