US WR Grace's Q2 net income up 48.6% to $75.8m on strong sales

26 July 2011 11:50  [Source: ICIS news]

LONDON (ICIS)--WR Grace’s second-quarter net income increased by 48.6% to $75.8m year on year on rising sales revenues and volumes, the US specialty chemicals company said on Tuesday.

Sales were up by 20.6% from the same period last year to $826.4m (€578.5m) due to improved pricing, favourable exchange rates and higher volumes, Grace added.  

Adjusted earnings before interest and tax (EBIT) rose by 45.8% to $132.8m, while adjusted earnings per share (EPS) were at $1.11 from $0.76 in the prior-year quarter.

“I am pleased with how well the Grace team is executing in today’s dynamic operating environment,” said chairman, president and CEO Fred Festa.

($1 = €0.70)

For more on WR Grace visit ICIS company intelligence

By: Graeme Paterson
+44 20 8652 3214

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