wr grace & co (GRA:New York)
wr grace & co (GRA) Snapshot
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Open
$83.11
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Previous Close
$82.89
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Day High
$83.68
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Day Low
$82.93
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52 Week High
05/31/13 - $85.17
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52 Week Low
06/28/12 - $47.74
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Market Cap
6.3B
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Average Volume 10 Days
475.3K
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EPS TTM
$4.28
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Shares Outstanding
75.6M
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EX-Date
--
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P/E TM
19.4x
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Dividend
--
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Dividend Yield
--
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Related News
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No Related Businessweek News Foundwr grace & co (GRA) Details
W. R. Grace & Co. engages in the production and sale of specialty chemicals and materials worldwide. Its Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and other petroleum-based products; FCC additives; hydro processing catalysts used in process reactors to upgrade heavy oils; polyolefin catalysts and catalyst supports for the production of polypropylene and polyethylene thermoplastic resins; and chemical catalysts used in industrial, environmental, and consumer applications. The company’s Grace Materials Technologies segment offers silica-based and silica-alumina-based engineered materials used in industrial and consumer, coatings and print media, pharmaceutical, and life science and related applications; and packaging materials, such as can and closure sealants, and coatings for cans and closures. This segment also provides polyolefin catalysts and catalyst supports for use in the manufacture of polyethylene and polypropylene resins; and chromatography columns and consumables, and CO2 adsorbents used in anesthesiology and mine safety applications. The company’s Grace Construction Products segment offers specialty construction chemicals and materials, including concrete admixtures and polymeric fibers; additives used in cement processing; products for architectural concrete; admixtures for masonry concrete; process control solutions for ready mix concrete; building materials for new construction and renovation/repair projects that include waterproofing membranes, specialty grouts, and air and vapor barriers, and other products for preventative and repair applications; and fire protection products. W. R. Grace & Co. was founded in 1854 and is headquartered in Columbia, Maryland. On April 2, 2001, W. R. Grace & Co. filed a voluntary petition for reorganization under Chapter 11 in the United States Bankruptcy Court for the District of Delaware.
wr grace & co (GRA) Top Compensated Officers
wr grace & co (GRA) Key Developments
W.R. Grace & Co. and Al Dahra Agriculture Company have executed a Joint Venture agreement to build the first fluid catalytic cracking (FCC) catalysts manufacturing facility in the Middle East. The companies marked their commitment and progress with a briefing and gala dinner for over 100 industry and government leaders from around the region. The facility, which represents a capital investment of approximately $200 million, will serve refineries throughout the Middle East and potentially into South Asia. It will be built on just under 150,000 sq. meters of land in the Kizad Industrial Zone approximately 70km from the city of Abu Dhabi in the United Arab Emirates (UAE). A logistics hub will be completed in the first quarter of 2014. Detailed engineering work for the full manufacturing facility is underway and construction is expected to begin in the fourth quarter of 2013. The facility will create approximately 200 new jobs and is scheduled to begin operations in the fourth quarter of 2015.
To discuss investment highlights
Grace Catalysts Technologies reported unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported operating income and adjusted EBIT of $77.2 million compared with $98.9 million in the prior-year quarter, a 21.9% decrease primarily due to lower sales and gross margin. Income was down more than $15 million from plan. Approximately $7 million in lower earnings were attributable to the loss of sales at four large customers due to their operational issues or inventory reductions. Approximately $5 million in lower earnings were due to a delay of expected sales at five large customers, primarily at the company's ART joint venture. Sales were down 14.7% to $266.5 million compared with $312.3 million for the prior-year quarter. The decrease primarily was due to lower pricing, lower sales volumes and unfavorable currency translation. The decrease in pricing was predominantly attributable to lower rare earth surcharges. Adjusted EBITDA was $90.7 million compared to $112.5 million reported a year ago.
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Post a JobJobs
- Chicago, IL | W. R. Grace & Co.Posted: Jun 04
- Columbia, MD | W.R. GracePosted: May 28
- San Francisco, CA | W R GracePosted: Feb 01
- Columbia, MD | W.R. GracePosted: May 29
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To contact WR GRACE & CO, please visit www.grace.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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