February 8, 2018 / 11:44 AM / 6 months ago

BRIEF-Grace Q4 Sales $459.5 Million

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

* GRACE REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS

* SEES FY 2018 SALES UP 8 TO 10 PERCENT

* Q4 EARNINGS PER SHARE VIEW $0.97, REVENUE VIEW $453.6 MILLION — THOMSON REUTERS I/B/E/S

* FY2018 EARNINGS PER SHARE VIEW $3.75, REVENUE VIEW $1.81 BILLION — THOMSON REUTERS I/B/E/S

* ‍INCREASING ANNUAL CASH DIVIDEND 14% AND DECLARING QUARTERLY CASH DIVIDEND OF $0.24 PER SHARE​

* ‍RECORDED A PROVISIONAL CHARGE OF $143 MILLION IN Q4 TO REFLECT ESTIMATED IMPACTS OF U.S. TAX CUTS AND JOBS ACT OF 2017​

* ‍2018 OUTLOOK BASED ON AN EXPECTED ADJUSTED EFFECTIVE TAX RATE BETWEEN 27%-28%​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below