WR Grace almost triples Q2 net profit, sales up in emerging regions

22 July 2010 12:45  [Source: ICIS news]

LONDON (ICIS news)--WR Grace’s second quarter net profit almost tripled to $51m (€40m) year on year on strong sales in emerging regions, the US specialty chemicals company said on Thursday.

Sales were up by 4.1% overall at $685m, with a record 33% of the company’s sales being made in emerging regions, WR Grace said.  

Adjusted operating profit was up by 22.4% at $91.1m with adjusted earnings per share at $0.75 compared with $0.53 in the same quarter last year, the company said in a statement.

“I am pleased with how our team is adapting to the dynamic conditions in our markets,” said CEO Fred Festa.

“Grace is well positioned to succeed in this challenging environment,” he added.

($1 = €0.78)

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By: Graeme Paterson
+44 20 8652 3214

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