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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