W. R. Grace & Co. (GRA) reported first-quarter net income to shareholders of $52.9 million, or $0.69 per share, compared to $60.9 million, or $0.80 per share last year. Adjusted profit per share was $0.81 compared to $0.88 prior-year.
Net sales were $709.9 million, compared to $754.4 million last year. The company said the sales decline was due to lower pricing and unfavorable currency translation, as sales volumes were unchanged. Gross profit decreased 4.8 percent from prior-year quarter primarily due to lower sales. Gross margin increased 50 basis points to 37.2 percent.
On average, eight analysts polled by Thomson Reuters expected the company to report profit of $0.80 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $733.57 million for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.