W. R. Grace Sees 2015 Adj. EPS Above View

(RTTNews) - W. R. Grace & Co. (GRA) announced that it expects 2015 adjusted EBIT to be in the range of $617 million to $619 million, and adjusted earnings per share to be in the range of $4.76 to $4.79 per share.

For 2015, Grace's preliminary net sales are expected to be about $3.05 billion. Preliminary 2015 net income is expected to be in the range of $148 million to $153 million, or $2.04 to $2.11 per share.

Analysts polled by Thomson Reuters expect the company to report earnings of $4.72 per share and revenues of $3.08 billion for fiscal year 2015. Analysts' estimates typically exclude special items.

On October 22, 2015, the company expected 2015 Adjusted EBIT to be in the range of $675 million to $685 million on a constant currency basis, an increase of 8% to 9% compared with 2014. It expected Adjusted earnings per share to be in the range of $5.25 to $5.35 per share on a constant currency basis.

In connection with the debt and equity marketing activities relating to the separation of Grace's Construction Products segment and its Darex Packaging Technologies business to form GCP Applied Technologies Inc., Grace today provided certain additional preliminary full year results before its full earnings release on Thursday, February 11, 2016.

For 2015, preliminary net sales for Grace Construction Products and Darex Packaging Technologies, the businesses that will be spun off as GCP, are expected to be approximately $1.42 billion on a carve out basis and Adjusted EBITDA is expected to be in the range of $256 million to $262 million, on the same basis.