Tuesday, W. R. Grace & Co. (GRA) said its fourth-quarter net income attributable to W. R. Grace & Co. shareholders increased to $46.4 million or $0.63 per share from $43.4 million or $0.60 per share in the prior year period. On average, 2 analysts polled by Thomson Reuters expected the company to report earnings of $0.65 per share for the quarter.
Net sales for the quarter declined to $678.3 million from $768.4 million in the comparable period.
Grace expects to report 2010 sales of $2.65 billion - $2.75 billion. Grace anticipates increased sales volumes of 3% - 7% to be offset by decreased sales from the deconsolidation of the ART joint venture effective December 1, 2009 and the three non-strategic product lines sold in 2009.
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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.