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BRIEF-Grace Q4 adjusted earnings per share $0.95
February 8, 2017 / 11:18 AM / in 8 months

BRIEF-Grace Q4 adjusted earnings per share $0.95

Feb 8 (Reuters) - W. R. Grace & Co :

* Grace reports fourth quarter and full-year 2016 results

* Q4 adjusted earnings per share $0.95

* Q4 earnings per share $0.18 from continuing operations

* Q4 sales $440.8 million versus I/B/E/S view $437.1 million

* Q4 earnings per share view $0.94 -- Thomson Reuters I/B/E/S

* Sees FY 2017 adjusted earnings per share $3.30 to $3.55

* Fy2017 earnings per share view $3.43 -- Thomson Reuters I/B/E/S

* Grace announced today that its board of directors has authorized a new share repurchase program of up to $250 million

* W. R. Grace & Co sees sales growth to be in range of 3%-6% in 2017

* Fy2017 revenue view $1.68 billion -- Thomson Reuters I/B/E/S

* New share repurchase program expected to be completed over next 24 to 36 months at discretion of management

* w. r. Grace & co says expect 2017 adjusted free cash flow to be in range of $265 to $275 million

* Board of directors has approved an increase in co’s regular annual cash dividend rate from $0.68 to $0.84 per common share Source text for Eikon: Further company coverage:

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