Key Developments: W. R. Grace & Co (GRA)
82.95USD
19 Jun 2013
$-0.08 (-0.10%)
$83.03
$83.11
$83.67
$82.75
566,922
530,101
$85.17
$47.74
Latest Key Developments (Source: Significant Developments)
W. R. Grace & Co Reaffirms FY 2013 Guidance
W. R. Grace & Co announced that for fiscal 2013, it expects adjusted EBIT to be in the range of $540-$560 million, adjusted EBITDA to be in the range of $665-$685 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EBIT of $546 million and EBITDA of $673 million for fiscal 2013. Full Article
W. R. Grace & Co Lowers FY 2013 Earnings Guidance
W. R. Grace & Co announced that as of April 10, 2013, it expects adjusted EBIT to be in the range of $540-$560 million, adjusted EBITDA to be in the range of $665-$685 million. European economic conditions are weaker than expected, affecting the sales growth of all three business segments. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $694 million, EBIT of $565 million for fiscal 2013. Full Article
W. R. Grace & Co Files Flash Chromatography Patent Infringement Suit against Teledyne Technologies Inc
W. R. Grace & Co. announced that through its wholly-owned subsidiary, Alltech Associates, Inc., filed a lawsuit in U.S. District Court for the District of Delaware against Teledyne Technologies Inc., doing business as Teledyne Isco of Lincoln, Neb., for infringement of four Grace U.S. Patents that cover Reveleris X2 flash chromatography system. Flash chromatography is a process to separate target molecules and purify a product from a complex mixture in minimal time, an important step in a broad range of scientific applications. Grace introduced the Reveleris flash chromatography system in 2009, bringing new advanced capabilities to flash chromatography. Since then, Grace has been granted four Reveleris-related U.S. Patents, in addition to many industry awards. Full Article
W. R. Grace & Co Issues FY 2013 Guidance
W. R. Grace & Co announced that for fiscal 2013, it expects Adjusted EBIT to be in the range of $560-$580 million, adjusted EBITDA to be in the range of $685-$705 million. The Company expects consolidated sales in the range of $3.2-$3.3 billion with organic growth of 6%-8% offset by headwinds of approximately $120 million due to lower rare earth- related pricing and unfavorable currency. Full Article
W. R. Grace & Co Completes Acquisition Of Assets Of Noblestar Catalysts Co., Ltd
W. R. Grace & Co announced that it has completed acquisition of the assets of Noblestar Catalysts Co., Ltd, a Qingdao, China-based manufacturer of fluid catalytic cracking (FCC) catalysts, catalyst intermediates and related products used in the petroleum refining industry. Terms of the transaction were not disclosed. Full Article
W. R. Grace & Co. Reaffirms FY 2012 Earnings Guidance; Updates On FY 2012 Revenue Guidance To A Range In Line With Analysts' Estimates; Comments On Q3, Q4 2012 Earnings Guidance
W. R. Grace & Co. affirmed fiscal 2012 guidance and expects Adjusted EBIT in the range of $510-$530 million and Adjusted EBITDA in the range of $630-$650 million for fiscal 2012. The Company also expects consolidated sales in the range of $3.1-$3.2 billion for fiscal 2012. The Company continues to project an atypical quarterly earnings pattern for the year and expects the third quarter of 2012 to be weaker than the second quarter of 2012 and fourth quarter of 2012. The Company reported EPS of $1.14 in the second quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EBIT of $505 million, EBITDA of $636 million and revenue of $3.2 billion for fiscal 2012. Full Article
W. R. Grace & Co. Completes Chemical Admixture Acquisition
W. R. Grace & Co. announced that it has acquired Rheoset Industria e Comercio de Aditivos Ltda. (Rheoset). Rheoset is a manufacturer of concrete admixtures in Brazil. Financial terms of the transaction were not disclosed. This acquisition adds manufacturing capacity at Rio de Janeiro and Recife, complementing Grace’s existing operations at Sorocaba and Bahia. Full Article
W. R. Grace & Co. And Braskem SA Sign Catalyst Agreement
W. R. Grace & Co. announced that it has signed a multi-year agreement with Braskem to develop process technologies and catalyst solutions to produce green chemicals. The agreement is intended to advance the commercialization of a process to convert renewably sourced feedstocks into value-added products. Details and financial terms of the agreement were not disclosed. Full Article
W. R. Grace & Co. Signs Agreement To Purchase China Catalyst Assets
W. R. Grace & Co. announced that it has signed an agreement to acquire the assets of Noblestar Catalysts Co., Ltd. Noblestar is a manufacturer of fluid catalytic cracking (FCC) catalysts, catalyst intermediates and related products used in the petroleum refining industry and is located in Qingdao, China. The terms of the investment were not disclosed. In order to complete the purchase, Grace established a new Wholly Foreign-Owned Enterprise (WFOE) in the People’s Republic of China. Full Article
W. R. Grace & Co. Reaffirms FY 2012 Earnings Guidance; Comments On Q2, Q3, Q4 2012 Earnings Guidance-Conference Call
W. R. Grace & Co. announced that fiscal 2012 outlook is unchanged from February call. The Company continues to expect adjusted EBIT in the range of $510-$530 million and adjusted EBITDA in the range of $630-$650 million. Quarterly earnings profile will be different in fiscal 2012 than in fiscal 2011. Earnings typically rise from first quarter 2012 to second quarter 2012, peak in third quarter 2012, and decline in fourth quarter 2012. Because of various factors, including year-over-year currency differences and the way rare earth impacts financials, it currently expects earnings to rise from first quarter 2012 to second quarter 2012 as usual and then be approximately equivalent from second quarter 2012 to third quarter 2012 and third quarter 2012 to fourth quarter 2012. Full Article
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