Key Developments: W. R. Grace & Co (GRA.N)

GRA.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

W. R. Grace & Co tightens FY 2015 outlook range
Wednesday, 29 Jul 2015 06:00am EDT 

W. R. Grace & Co:Tightens its FY 2015 outlook within its original range.Expects FY 2015 adjusted EBIT to be in the range of $675 million to $685 million on a constant currency basis.Expects FY 2015 adjusted EBITDA to be in the range of $815 million to $825 million on a constant currency basis.Expects FY 2015 adjusted EPS to be in the range of $5.15 to $5.25 per share on a constant currency basis.Estimates currency headwind to adjusted EBIT to be about $60 million and to adjusted EPS to be about $0.55 per share.  Full Article

W. R. Grace to Provide UNIPOL(R) PP Technology and Services To Yunnan Yuntianhua PetroChemical in China
Monday, 27 Apr 2015 01:00pm EDT 

W. R. Grace:Says it will provide its UNIPOL polypropylene (PP) technology and services to Yunnan Yuntianhua PetroChemical Co., Ltd. for a new PP production facility in Anning Yunnan, China.Yunnan Yuntianhua PetroChemical is a new subsidiary of Yuntianhua Group Co., Ltd., the chemical company in Kunming, Yunnan Province.With an expected opening in 2017, the new enterprise plans to purchase propylene from the PetroChina Yuannan refinery and build a unit that will produce polypropylene at a rate of150 kta, or kilotons per year.  Full Article

W. R. Grace & Co reaffirms FY 2015 guidance
Thursday, 23 Apr 2015 06:00am EDT 

W. R. Grace & Co:Affirms outlook for FY 2015 adjusted EBIT in the range of $675 - $705 million on a constant currency basis, an increase of 8 pct to 13 pct compared to FY 2014.FY 2015 adjusted EBITDA in the range of $815 - $845 million on a constant currency basis, an increase of 7 - 11 pct compared to FY 2014.FY 2015 adjusted EPS in the range of $5.05 to $5.45 per share on a constant currency basis, an increase of 14 - 23 pct over FY 2014.  Full Article

W. R. Grace & Co. gives FY 2015 EPS guidance; EBIT, EBITDA guidance above analysts' estimates
Thursday, 5 Feb 2015 06:00am EST 

W. R. Grace & Co:Expects FY 2015 adjusted EBIT to be in the range of $675-$705 mln on a constant currency basis.Expects FY 2015 adjusted EBITDA to be in the range of $815-$845 mln on a constant currency basis.Expects FY 2015 adjusted EPS to be in the range of $5.05 to $5.45 per share on a constant currency basis.Using current exchange rates, including the euro at $1.14, expect a currency headwind to adjusted EBIT of about $50 mln and to adjusted EPS of about $0.45.FY 2015 EBIT of $657 mln, EBITDA of $806 mln and EPS of $5.06 - Thomson Reuters I/B/E/S.  Full Article

W.R. Grace & Co announces additional $500 mln share repurchase program
Thursday, 5 Feb 2015 06:00am EST 

W.R. Grace & Co:Says Board has authorized an additional share repurchase program of up to $500 mln.  Full Article

W.R. Grace & Co buys out Turkey Construction Products JV Partner
Thursday, 20 Nov 2014 07:00am EST 

W.R. Grace & Co:Says it has entered into definitive agreements to acquire the remaining 50 pct equity interest in the joint venture it formed in 1996 with STFA Yatirim Holding A.S.Says with the agreement, STFA will sell its 50 pct stake in Grace Yapi Kimyasallari to Construction Products Dubai, a Grace subsidiary.Terms were not disclosed.Says following the transaction, the business will become a subsidiary of Grace and operate within its Grace Construction Products business segment.  Full Article

W.R. Grace & Co narrows FY 2014 EBIT outlook; lowers high end of prior FY 2014 EBITDA outlook
Wednesday, 22 Oct 2014 06:00am EDT 

W.R. Grace & Co:Expects FY 2014 adjusted EBIT to be in the range of $625 -$630 mln.Expects FY 2014 adjusted EBITDA to be in the range of $760 -$765 mln.  Full Article

W. R. Grace & Co gives FY 2014 revenue guidance in line with analysts' estimates; reaffirms FY 2014 EBITDA guidance - Conference Call
Tuesday, 16 Sep 2014 12:15pm EDT 

W. R. Grace & Co:Expects FY 2014 to grow on the top line about 7pct, and on the EBITDA line between $760 million and $780 million.Reported revenue of $3.061 billion in FY 2013.FY 2014 revenue of $3.277 billion - Thomson Reuters I/B/E/S.  Full Article

W. R. Grace & Co announces pricing of senior notes
Thursday, 11 Sep 2014 05:45pm EDT 

W. R. Grace & Co:Says its wholly owned subsidiary, W. R. Grace & Co.-Conn., priced an offering of $700 mln aggregate principal amount of 5.125 pct senior notes due 2021 at an issue price of 100 pct and $300 mln aggregate principal amount of 5.625 pct senior notes due 2024 at an issue price of 100 pct.Expects to use proceeds from offering to terminate its obligations under deferred payment agreement with the WRG Asbestos PI Trust for approximately $632 million.Use proceeds to partially fund the settlement of the warrant issued to the PI Trust.Uses proceeds to repay amounts outstanding under its revolving credit facility.Use proceeds to pay certain fees and expenses incurred in connection with the offering of the New Notes.Also use proceeds for other general corporate purposes.  Full Article

W. R. Grace & Co announces proposed private offering of senior notes
Tuesday, 9 Sep 2014 04:26pm EDT 

W. R. Grace & Co:Says that its wholly owned subsidiary, W. R. Grace & Co.-Conn. intends, subject to market and other customary conditions, to offer $1.0 billion in aggregate principal amount of senior notes due 2021 and 2024.New Notes will be fully and unconditionally guaranteed by Grace and certain of its existing and future domestic subsidiaries.  Full Article

DIARY-U.S. MEETINGS/WEEK AHEAD

Thomson Reuters May 7, 2015 - Corporate Meetings for US companies for Week ahead. S&P 500 Earnings - MONTH AHEAD Dividends Non S&P 500 - Weekly Federal Reserve events ConferenceCall/Webcast - Weekly Meetings - Weekly Xtra users can see more details on conference calls & webcasts by hovering your mouse over the RIC, right click, no click on Related Co Data, now click on Co Events. ** For

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